GEXCO HAS COMMENCED A CORE DRILLING PROGRAM AT THE TAIVALJÄRVI SILVER MINE

Gexco AB has commenced a core drilling program has begun at Taivaljärvi Silver
Mine in order to better define the mineralized zones form and distribution at
the mine in the levels down to 100 m from the surface. The program covers 1 600
meters of core drilling which are carried out by North Drill Oy. Results of the
drilling and assays will be assayed and analyzed during the fourth quarter of
2010.
 
"Our development works of Taivaljärvi continues with a core drilling program
from surface together with the occurring draining program. The drilling is
planned to continue with an additional underground core drilling program. The
main goal is to increase mineral resources which will form the basis for the
updated feasibility study" Comments: Timo Lindborg CEO of Gexco AB..
 
Stockholm, 23rd June 2010
Timo Lindborg, CEO
Gexco AB (publ)
 
About Gexco AB
Gexco AB (Gexco)'s business concept is to exploit mineral deposits in the Nordic
countries with regard to human society and environment. Gexco owns through its
wholly-owned subsidiaries a silver deposit in Taivaljärvi in Finland and a gold
deposit in Hopeavuori in Tampere region in Finland. Gexco also have mineral
deposits containing gold in Bindal and in the Narvik area, copper, lead, zinc,
gold plus silver in Mo i Rana in Norway.
 
Gexco applies SveMin's & FinnMin's respective rules for reporting (public mining
& exploration companies). Gexco has chosen to report mineral resources and ore
reserves according to the internationally accepted JORC or NI 43-101-code. Gexco
applies International Financial Reporting Standards (IFRS) as approved by the
European Union.
 
The shares are traded at the Burgundy market place and NGM Equity in Stockholm.
The shares of Gexco AB are quoted NGM Equity in Stockholm under ticker symbol
GXCO.
 
ISIN-code for Gexco-shares is SE0001057910.
ISIN-code for Gexco-warrants is SE0003299718.
 
Read more about Gexco on www.gexco.se
 
For further information: Timo Lindborg, CEO, Gexco AB, tel. +358 40 508 3 507
 
[HUG#1426575]
 
Press release (PDF): http://hugin.info/135796/R/1426575/374473.pdf
 
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		Source: Gexco AB via Thomson Reuters ONE