Press Releases

Fieldex grants options

CANADA, Rouyn-Noranda – June 30th, 2008- Fieldex Exploration Inc (FLX-TSXV and F7E-Frankfurt) wishes to announce that, following the corporation’s Annual Meeting held on June 27th, 2008, the board of directors has granted an aggregate of 700,000 options to certain officers, directors and consultants. The options are exercisable at $0.18 and are for a term of five years.

(The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.)

Forward-looking Statements

This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the ability of Fieldex to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements, including risks disclosed in filings with the Canadian securities regulators made by Fieldex. Accordingly, readers should not place undue reliance on forward-looking statements.

For more information, please contact:
Martin Dallaire, eng.
President & CEO Tel.: (819) 762-0609
Fax: (819) 762-0097
www.fieldexexploration.com

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