Acrex Ventures Ltd.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE |  CHINESE

COMPANY DATA

INTRODUCTION

Acrex Ventures Ltd. is a Vancouver based junior resource company focusing on the development of gold, platinum group metals (PGM's) and base metal properties in Canada. The Company's projects include the Spanish Mountain Gold Property in British Columbia and the Michaud Gold Joint Venture Property in northeastern Ontario. The Company has sold the Raglan Area Property, a nickel copper PGM property located in the Ungava Region of Quebec, to Resolve Ventures Inc. and retained a 3% Net Smelter Return.

PROJECT IN HAND

(1) Spanish Mountain Gold Property, British Columbia

Acrex Ventures Ltd. has optioned the Spanish Mountain Property, a gold project composed of 1,468 hectares of land in eight claims in two claim groups located near Quesnel in the Cariboo region of British Columbia. Previous exploration has found anomalous gold values in soils over an area of 125 hectares on the property. Several of the soil samples contained greater than 0.5 g/t gold.

The property adjoins claims comprising the Spanish Mountain joint venture project of Skygold Ventures Ltd. and Wild Rose Resources Ltd. Results released in July 2006 by the Skygold Ventures and Wild Rose Resources joint venture on hole 289 show intercepts of 38.75 m grading 1.36 g/t gold, 109.5 m grading 1.02 g/t gold including 69.0 m grading 1.42 g/t and 42.0 m grading 2.02 g/t. A higher grade section averaged 9.0 m of 5.78 g/t gold. The entire mineralized intercept in this hole averaged 300.25 m of 0.87 g/t gold.

In December 2006, drilling results announced by the Skygold Ventures and Wild Rose Resources joint venture on hole 523, located in the Central Main Zone, show intercepts of 50.5 m grading 1.98 g/t gold including 19.5 m grading 4.02 g/t gold and hole 526 results show 55.0 m grading 1.21 g/t gold including 34.0 m grading 1.50 g/t. In the North Main Zone, hole 552 intersected 36.0 m grading 1.02 g/t including 9.0 m of 2.01 g/t gold.

On October 2, 2007, Acrex announced that it has started the 2007 diamond drill program on the Spanish Mountain property.

(2) Michaud Gold Property, Ontario

The Michaud Gold Property is located along the prolific gold producing Destor-Porcupine Fault Zone, lies within the western part of the Abitibi Greenstone Belt, approximately 100 km east of Timmins in northeastern Ontario. The Destor-Porcupine Fault Zone is one of the most prolific gold bearing and producing structures in the world. Mines along the structure have to date produced over 100 million ounces of gold.

All claims within Acrex's Michaud Property are 50% joint ventured with Moneta Porcupine Mines Inc. The property grouping contains 9 patented claims, 29 leased claims and 18 staked claims extending over an area of approximately 1,245 hectares. The property is adjacent to Moneta's Southwest Zone's 624,578 ounces of gold resource (inferred historical gold resource) of 3.2 Mt @ 5.98 g/t gold over 3.8 metres as outlined by Barrick Gold Corporation in 1997. The property has same structural setting as the Holloway Mine and Holt McDermott Mine located 20 km to the east. The property covers over 9 km strike length of gold bearing Temiskaming sediments. New discoveries on "55" Zone and Western Zone remain open at depth.

To date only 18 drill holes have been completed in the "55" Zone with significant gold mineralized intervals reported previously (see news release of March 16, 2005). The recently completed 6 hole, 2,142 m drill program in the "55" Zone intersected multiple zones of gold mineralization in most holes with exceptional intersections noted in four holes. The highlights of the current drill results were 11.23 g/t gold over 1.70 metres in hole MA-05-27, 5.81 g/t gold over 7.40 metres in hole MA-05-30, 10.90 g/t gold over 2.00 metres in hole MA-05-31, and 9.04 g/t gold over 5.90 metres in hole MA-05-32.

The recent drilling has successfully demonstrated that the Western Zone mineralized system extends to 850 metres in length and remains open to the east and west, and at depth. Quartz veining, alteration and/or mineralization, all of which are indicative of the mineralized structural system, were encountered in all drill holes completed to date in the Western Zone.

Mining at the Holloway and Holt McDermott mines has clearly demonstrated the potential for deposits in this area to host profitable mineable reserves in the order of 1.2 to 1.4 million ounces, with drill indicated potential for increased reserves and grade to depth.

Management feels that Acrex's Michaud property hosts excellent potential to increase the 460,000 ounce inferred resource estimated by Barrick Gold Corporation in 1996.

MANAGEMENT

Acrex Ventures Ltd. has a well management team with experience in different areas.

T.J. Malcolm Powell, President and CEO
Mr. Powell has been involved in the junior resource industry for over 16 years. He has been President of Acrex Ventures Ltd. since mid 2000, and has been instrumental in successfully guiding the Company back into the mining sector.

Mr. Powell brings a wealth of entrepreneurial, sales, financing and corporate communications experience to Acrex. For approximately 10 years he has served in the capacity of corporate communications and finance for the Lang Mining Group and has played a key role in raising millions of dollars for exploration by the various companies under the Lang umbrella. It is his unique combination of acute business acumen, financial experience and contacts gained through his years in the resource business that have resulted in the successful resurrection of Acrex for trading on the TSX Venture Exchange.

Gregory G. Crowe, M.Sc., P.Geo., P.Geol., Director and Vice President of Exploration
Mr. Crowe is a registered Professional Geologist in the provinces of Alberta and British Columbia. He brings over 20 years of exploration, business and entrepreneurial experience throughout North America, Latin America, Africa and Southeast Asia to Acrex. Since graduating with a M.Sc. from the University of Calgary in 1981, he has worked for a number of major and junior exploration and mining groups and has served on the Board of Directors of several resource companies. Between 1998 and the present, Mr. Crowe has provided consulting services and has served on the Board of Directors of several junior resource companies world-wide.

Carl R. Jonsson, LL.B., Director, Secretary and Chief Financial Officer
Mr. Jonsson is a principal in the Vancouver law firm of Tupper Jonsson & Yeadon and specialized in securities, corporate and natural resources law-primarily for public companies. He also acts as a director of numerous public companies.

Frank Lang, B.A., M.A., P.Eng., Chairman and Director
Mr. Lang holds a B.A. and M.A. from the University of British Columbia, is a Professional Engineer and has been involved in the operation and financing of junior resource companies for over 30 years.

Mr. Lang has created literally billions of dollars in shareholder value in companies with which he has been associated. The Belmoral gold mine was discovered in 1975. Following that, Mr. Lang and his former partner, Dick Hughes shared the Developer of the Year Award for the discovery of the Golden Giant Mine, the first mine in production in the Hemlo area in Ontario.

Arthur G. Troup, M.Sc., P.Eng., Director
Mr. Troup a Professional Engineer, has served as Vice President of Exploration of Cream Minerals Ltd. since 1997 and as a director of the Company since 1987. He also serves as Vice President of Exploration of Valerie Gold Resources Ltd. and Emgold Mining Corporation, and President and director of Sultan Minerals Inc. From 1981 through 1988, Mr. Troup was President of Archean Engineering Ltd., a firm offering project management and mineral exploration services.

Mr. Troup graduated from McMaster University in Hamilton, Ontario with a M.Sc. in Geology. He has 30 years experience in the mining industry in North America, South America, Southeast Asia and North Africa.

Robin Merrifield, C.A. (S.A.), Director
Mr. Merrifield is a Chartered Accountant with substantial international experience. He obtained his professional designation while working for Deloittes in Cape Town, South Africa. Subsequent to Deloittes, he served as the South African Group Financial Manager for the diversified interests of a large UK shipping and hotel group, where he was involved in substantial manufacturing, property development and hotel activities.

NEWS UPDATE

On April 15, 2008, Acrex Ventures Ltd. announced that it has signed an agreement with Abitibi Geophysics of Val d'Or, Quebec to complete an Induced Polarization (IP) survey on its optioned Don's Lake mineral property. The survey will involve completing 18 line km of geophysical coverage on 100 metre spaced lines along the 7 km-long Don's Lake Shear Zone.

The geophysical program will commence in early July and is expected to be completed by the end of July. It is anticipated that the survey will define targets for diamond drill testing later in the year.

On February 12, 2008, Acrex Ventures Ltd. announced that it has entered into an agreement to option a 100% interest in the Don's Lake gold property in northwestern Ontario.

The property is comprised of 18 contiguous mineral claims containing 84 claim units and covers an area of approximately 1,344 hectares (approximately 3,321 acres). The claims are located between the Red Lake and Pickle Lake gold camps approximately 120 kilometres north of Sioux Lookout and 108 kilometres west of Pickle Lake.

Acrex plans to explore the mineralization with a ground geophysical survey followed by a winter diamond drill program.

On January 15, 2008, Acrex Ventures and Moneta Porcupine Mines announced that a winter drilling program has begun to better define the "55" Zone on the Michaud Gold Property in Ontario. Drill holes are being laid out to generate additional data points and complete sections within the zone facilitating the completion of a resource estimate to NI 43-101 standards. A minimum of 2000 metres of diamond drilling has been allocated.

On November 15, 2007, Acrex Ventures Ltd. provided an updated of the 2007 drill program on its Spanish Mountain property located in B.C. The drilling program is being carried out on Acrex's Hepburn Lake claim block. Acrex's consultants, PBG Geoscience of Kamloops, B.C., advise that 10 of the proposed 11 drill holes have been completed on the property. The maximum hole depth completed in the 10 holes is 309 metres(1,015 ft). The drilling has sampled several different target areas on the Hepburn Lake portion of the property.

A total of 1,600 metres (5,250 ft) of diamond drilling have been completed in the first 10 drill holes of the 2007 program. All core is being logged and sampled at a facility located near to the property. Samples are being split from the core and are shipped to Assayers Canada Laboratory in Vancouver, B.C. Results of analysis are expected to be completed within the next 30 to 60 days. The remaining half of the core is stored in the Company's core storage facility in Likely, B.C.

The 2008 drill program will follow-up results of the 2007 drilling, and will also test new targets defined by the airborne geophysical survey and the soil geochemical surveys. Data compilation, leading to target definition on this property, is planned for the winter months.

On October 2, 2007, Acrex Ventures Ltd. announced that the 2007 drill program has started on its Spanish Mountain property, located near Quesnel, B.C. The $1.1 million program is being carried out on Acrex's Hepburn Lake claim block approximately 2 km northwest of the Spanish Mountain Joint Venture gold project of Skygold Ventures Ltd. and Wild Rose Resources Ltd. Over the last two years drilling and compilation work by the Spanish Mountain Joint Venture has outlined a large tonnage, potentially build mineable, sediment hosted gold system with average gold grades of greater than 1 g/t. The Main mineralized zone measures 1,200 metres x 500 metres and is up to 135 metre thick. The deposit remains open in all directions.

Acrex's consultants, PBG Geoscience of Kamloops, B.C., advise that the first drill hole has been collared to further test the gold-bearing intersections returned from drill hole 06SpM-15, completed in the fall of 2006 (see Acrex news release dated January 17, 2007). This drill hole returned significant gold-bearing intersections, including 2.54 g/t over 1.51 metes and 2.29 g/t over 1.52 metres. Six drill sites have now been prepared to test these gold-bearing intersections both laterally and to depth.

Acrex has recently completed an airborne electromagnetic and magnetic geophysical survey of the property flown by Aeroquest International. The survey shows a number of strong electromagnetic (resistivity) zones that trend from the Main Gold Zone on the Skygold-Wild Rose Joint Venture property onto the Acrex claims. Several drill sites have now been prepared that will test these important structures.

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