GENX HAS SIGNED LETTER OF INTENT TO AQUIRE PROPERTY
Monday December 04, 2006

Dec 4, 2006
Pink OTC Markets News Service

GenX Resource to Acquire IOGC Uranium / Copper Property Similar to Alberta Star in The Great Bear Lake Region, NWT.
GenX Resource Corporation, Inc. (GNXC.PK), (Frankfurt "G8Y" WKN "AOLCPG"), is pleased to announce it has signed a letter of intent to acquire 100% interest in the McLaren Lake IOGC property in the Great Bear Lake area of the Northwest Territories.
The McLaren Lake Project, NWT. Canada

The McLaren Lake project ("McLaren Lake") consists of approximately 6,043.05 acres in the Great Bear Lake area and is located approximately 430 kilometers north of Yellowknife, NWT. McLaren Lake's mineral claims have numerous Uranium, Copper, Gold and Silver occurrences in Proterozoic rock. The area is recognized as an IOCG region. GenX believes the property is consistent with mineralization and geology of large tonnage IOCG-type deposits such as the Olympic Dam in Western Australia and the Kiruna Belt of Sweden. The Olympic Dam or iron oxide-copper-gold (IOCG) model is proposed as the main exploration model for the McLaren Lake Property in this part of the Great Bear Magmatic Zone.

The McLaren Lake property has numerous uranium occurrences the reported values of 0.43% U3O8. It also hosts 11 copper showings over 2.1 miles with numerous of these rating as high grade copper zones. The property has reported values as high as 17.0 % copper from grab samples and 3.1% copper over a 6 foot intersection. Along with these substantial showings, it also has shown values of 0.22 oz/ton of Silver.

The McLaren Lake property is located in the Great Bear Magmatic Zone, which had eight past producing Uranium, Silver, and gold mines. GenX has acquired a strategic land package in this area of the Northwest Territories. The Contact Lake area is recognized by geologists as highly prospective region for Uranium, Iron oxide copper, gold, and silver regions in Canada. The current December, 2006 spot price for Uranium is now $62.50 US per pound, Copper $3.20 per pound and Gold $640.00 per ounce
About GenX Resource Corp
GenX Resource Corporation, Inc. is incorporated under the state laws of Nevada, United States. GenX is a diversified junior resource exploration company with specific focus on mineral properties in North America. 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.
Web site: www.genxresources.com
Forward Looking Statements:
Any statements made in this press release that are not based on historical facts are "forward-looking statements", as such term is defined in the Private Litigation Reform Act of 1995. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data; forward looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward looking statements. For a description of some of the factors that may occur that could cause actual results to differ from our forward-looking statements please refer to our 2005 Voluntary Annual Report, and in particular the discussions contained under "Risk Factors".
GenX Resource Corporation, Inc.
CONTACT: GenX Resource Corporation, Inc. +1-604-782-3962, or info@genxresource.com

This press release was published on Monday December 04, 2006. For more information, please contact Administrator

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors.