Press Releases

FIELDEX ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Rouyn-Noranda, Québec, Canada, July 15, 2011 - Fieldex Exploration Inc. (TSXV: FLX) (Frankfurt: F7E) is pleased to announce the results of its annual and special meeting of shareholders held on June 27, 2011 in Rouyn-Noranda, Québec. At the meeting, shareholders elected Martin Dallaire, Sylvain Champagne, Donald Lacasse (Radisson Mining), Gord Morrison (QUADRA FNX Mining) and Jean-Pierre Landry as members of the Board of Directors of Fieldex. The shareholders also re-appointed Dallaire & Lapointe inc., Chartered Accountants, as the auditors of Fieldex. At the meeting, shareholders also approved a resolution ratifying and confirming Fieldex's amended stock option plan.

Fieldex also announces that following the shareholders' meeting, the Board of Directors appointed Martin Dallaire as the chairman of the Board of Directors, President and Chief Executive Officer of Fieldex and Sylvain Champagne as Secretary and Chief Financial Officer.

Fieldex's Board of Directors also granted an aggregate of 1,550,000 stock options to Fieldex's five directors and one consultant. The exercise price of the options is $0.12 and the options expire on July 14, 2021. The options were granted pursuant to Fieldex's amended stock option plan which grants remain subject to the approval of the TSX Venture Exchange.

About Fieldex:
Fieldex is a mineral resource company actively exploring in Quebec for base and strategic group metal deposits located throughout Canada, representing over 600 km². Quadra FNX Mining Company owns 6,500,000 shares of Fieldex Exploration Inc. Fieldex has 60,172,018 shares outstanding and a working capital of $1.2M including an investment of 800,000 shares in Visible Gold Mines Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

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

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