Fieldex cancels private placement



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    ROUYN-NORANDA, QC, Aug. 24 /CNW Telbec/ - Fieldex Exploration Inc.
(FLX-TSXV and F7E-FSE) announces that it has cancelled, due to current market
conditions, its previously-announced 3.9M$ non-brokered private placement (see
July 27, 2007 press release).
    The cancellation of the private placement is not expected to have any
effect on Fieldex's operations, in light of amounts previously raised by the
Company.

    About Fieldex:

    Fieldex is a mineral resource company actively exploring in Québec for
nickel-copper-platinum group metal deposits located through out Northern
Quebec, representing over 600 km2. FNX Mining Company owns 6 500 000 shares of
Fieldex Exploration Inc.

    Forward-looking Statements

    This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond the ability of Fieldex to control or predict, which could cause actual
events or results to differ materially from those anticipated in such
forward-looking statements, including risks disclosed in filings with the
Canadian securities regulators made by Fieldex. Accordingly, readers should
not place undue reliance on forward-looking statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00008738E




For further information:

For further information: Martin Dallaire, President and CEO, (819)
762-0609, Fax: (819) 762-0097, mdallaire@fieldexexploration.com; Fieldex
Website - www.fieldexexploration.com

Organization Profile

Fieldex Exploration Inc.

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