ACREX VENTURES CONFIRMS PRESENCE OF GOLD-BEARING STRUCTURE ON ITS SPANISH MOUNTAIN GOLD PROPERTY, BC

Symbol "AKV": TSX Venture Exchange

VANCOUVER, Nov. 8 /PRNewswire/ - Acrex Ventures Ltd. ("Acrex" or "Company") is pleased to announce the results of its 2010 diamond-drilling program on its West Block Spanish Mountain claims (to view map visit: http://www.acrexventures.com/i/maps/Acrex-Spanish-Mountain-2010-Drill-Hole-Map-blue.jpg), located near Likely, British Columbia (the "Property"). A total of 862 metres of drilling was completed in 7 drill holes. The results obtained from the drill program have confirmed the presence of a significant gold bearing structure on the Property. Confirmation of gold on the Property is very meaningful following Acrex having identified a 1,200 metre long by 400 metre wide zone of greater than 100 ppb gold-in-soils, including isolated values up to 1,000 ppb. Acrex's airborne geophysical survey had also previously indicated an electromagnetic (EM) anomaly that coincided with the strong gold-in-soil results, extending from Spanish Mountain Gold's ("SPA") main zone northwestward across the Acrex Property onto Tiex Inc. nearby gold discovery.

Drilling was initiated within the southern extent of the target zone. Hole SpM1001 intersected altered sedimentary and volcanic rocks with carbonate and quartz veining. The hole carried 0.751 g/t gold across 1.5 metres within a 6.10 metre wide zone of gold enrichment (see table). Holes SpM1002 and SpM1003 did not penetrate water saturated overburden and no bedrock samples were obtained as a specialized type of diamond drill was required but was not available at the time. Drill holes SpM1004 through SpM1007 tested the target zone from south to north for a distance of over 1.5 kilometres with three of these holes intersecting zones of gold enrichment. The following table summarizes the gold-bearing intersections from the 2010 drill program:

Drill hole SpM1007 returned the most significant intersection to date on the Acrex property. This hole intersected 1.140 g/t gold over a 3.0 metre core length within a 15.70 metre wide zone that assayed 0.677 g/t gold. Additional drilling as step-outs from this drill hole are required to further define this potential target zone.

The results from the 2010 drill program indicate that the volcanic and sedimentary rocks tested by drilling along the target trend contain areas of significant gold concentration. These areas of elevated gold in bedrock are considered to be good exploration targets for bulk-mineable gold mineralization similar to that found on the adjacent Spanish Mountain Gold property.

Acrex is currently investigating methods of drilling to allow further testing of areas where overburden problems inhibited bedrock penetration. In particular, follow-up drilling along the strong gold in soil anomaly extending southward from drill hole SpM1001 is warranted. The use of specialized drill equipment should also allow Acrex to penetrate through the water saturated overburden present in holes SpM1002 and SpM1003 in order to reach bedrock.

Acrex is excited about the results from its 2010 drilling program at the Property and remains well funded to be in a position to aggressively continue to drill the Property in 2011. Acrex's geological team is currently evaluating these results and will be devising a 2011 drill program well in advance of the beginning of the drilling season. Acrex currently has approximately $1.1 million in the treasury.

All drill core was logged and sampled at a facility located near the property. Samples were split from the core and shipped to Acme Labs Ltd in Vancouver, BC. The remaining half of the core is stored in the Company's core storage facility in Likely, BC.

Mr. Perry Grunenberg, P.Geo. of P&L Geological Services is the Company's supervisor for the Spanish Mountain Project and "Qualified Person" for the purpose of National Instrument 43-101.

ACREX VENTURES LTD.
T.J. Malcolm Powell,
President

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SOURCE Acrex Ventures Ltd.