Overview

Dorex Minerals Inc. is a base and precious metals exploration and development company listed on the TSX Venture Exchange under the symbol “DOX” and the Frankfurt Stock Exchange under the coding “A9L”. The Company’s objective is to aggressively explore and develop its 2,400 hectare (24 sq km) Carmelita Property, located within the Coastal Belt of the Andean Cordillera of Chile. The property is located within excellent infrastructure in a geological environment that is somewhat similar to that of the prolific producing regions to the north like the Candelaria Mine, owned by Phelps Dodge & Sumitomo Corporation and Anglo American’s Manto Verde Mine.

Chief Properties

Carmelita Property – Chile

The Carmelita Property is a 2400 hectare property that lies within the Coastal Belt of the Andean Cordillera of Chile. The land package is located approximately 55 km northeast of the city of La Serena and is approximately 20 km east of the Pan American Highway at elevations not more than 1500 meters above sea levels.

The property is underlain by lower Cretaceous volcanic and volcaniclastic rocks in contact with mid-Cretaceous granodiorites of the Coastal Batholith. Copper +/- gold mineralization is hosted in numerous shear zones within the Atacama Fault Zone.

Dorex Minerals Inc. has entered into an Option Agreement with Inversiones Minera Coyote Ltda., to acquire a 100% interest in the Carmelita claims by issuing 500,000 common shares and paying $440,000 over a period of two years. The property is also subject to a 2% NSR reserved to the underlying Option or, 1% of which can be bought out at anytime for up to five years for $1,000,000.

Podpolom Property – Slovakia

The Podpolom Property is now totaling over 15 square kilometers combined with the Klokoc South ( the “Southwest Zone”), Klokoc Exploration License that is located within the northern extension of the Carpathian Volcanic Arc of central Slovakia, approximately 150 kilometres east of the capital city of Bratislava. The area has had a history of exploration for industrial minerals and base metals and was only first explored for precious metals in the late 1990′s.

The Southwest Zone covers potential extension of well defined soil anomaly. This soil anomaly is located about one kilometer southwest of the Podpolom quarry and is coincident with both Induced Polarization and magnetic anomalies and has dimensions of 350 by 150 meters. Rock-chip float stone sampling was carried out over the center of the anomaly and four of the six samples returned anomalous gold (over 400 ppb gold). Two of the four float values of 15.2 and 26.6 g/t gold. Only one drill hole was drilled in December 1997 to test the anomaly and averaged 0.50 g/t over its entire length (Marlow et al, 1998). No work was done to follow up this initial work on this anomaly.

The Podpolom property is underlain by a strongly ferruginous oxidized breccia that has formed in the core of a competent massive, barren silica. Previous exploration indicates that the highest gold grades are associated with breccias that have more ferruginous matrix as opposed to grades encountered in more silica or argillic altered samples.

Management

• Peter Walton – President and Director
• Dusan Berka M.Sc P.Eng – Director
• Thornton J. Donaldson B.A.Sc., P.Eng – Director
• Mr. Rob Sinclaire CIM, FCSI – Director

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