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Investor Information News GenX Resource Corp. Announces Property Details, Begins Trading on OTC VANCOUVER, British Columbia, July 28, 2006 /PRNewswire-FirstCall via COMTEX/ -- GenX Resource Corporation, Inc. ("GenX"), is pleased to announce the following update for shareholders. GenX has begun trading on the Over the Counter Pink Sheets market as of July 3, 2006 under the trading symbol (OTC: GNXC). GenX currently holds options on mineral licenses and property rights in the mineral rich country of Mongolia. The mineral property, license 8913x, is located in the Uvurkhangai Aimag of Mongolia. The property is located in the place called Bichigt-2 on the territory of Khairkhandulaan and Taragt of Uvurkhangai province. This Aimag is located approximately 450 kilometers southwest of Ulaan Baatar, the capital of Mongolia. The License was issued on November 24, 2004 and is valid for a period of two years and eleven months. Further license and property details will be forthcoming. Mongolia has a number of important gold deposits which are being developed in joint ventures with new international partners. Substantial proven reserves of both primary and placer gold exist. Most primary deposits are gold sulfide quartz veins, while secondary gold is found associated with copper molybdenum, copper-pyrite, polymetallic, silver and rare metallic ores. The newly developed corporate website is now available at: http://www.genxresourcescorp.com About GenX Resource Corp GenX Resource Corporation, Inc. is incorporated under the state laws of Nevada, United States. GenX is incorporated as a natural resource company engaged in the acquisition, exploration and development of precious and commercial mineral properties globally, either on its own or in association with other companies. GenX's main objective is to acquire mineral concessions, finance their exploration and bring these concessions into commercial production by way of joint venture or option agreements or through a combination of both. Forward-Looking Statement The information contained herein and regarding economic, competitive, governmental, technological and other factors may constitute a "forward- looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. This release contains forward-looking statements with respect to the results of operations and businesses of GenX Resource Corp, Inc., which involve risks and uncertainties. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. CONTACT: GenX Resource Corporation, Inc. +1-604-782-3962, or +1-888-693-5143, or info@genxresource.com |