PCP GB Minerals Ltd.

Warnex Inc. (TSX:WNX) ("Warnex") is pleased to announce that it has reached an
agreement with Persistence Capital Partners LP ("PCP") to extend the maturity
date of one of its outstanding convertible debentures held by PCP. PCP currently
holds a convertible debenture of Warnex in the principal amount of $1,230,969
maturing on January 31, 2012 (the "January 2012 Debenture") and a further
convertible debenture of Warnex in the principal amount of $346,702 maturing on
February 29, 2012. Under the terms of the agreement reached with PCP, Warnex has
paid $250,000 to PCP, in payment of all outstanding interest and fees currently
owing to PCP and in partial repayment of the principal amount owing pursuant to
the January 2012 Debenture, in exchange for an extension of the maturity date on
the balance of the January 2012 Debenture to February 29, 2012.


About Warnex

Warnex (www.warnex.ca) is a life sciences company whose operations, following
the pending sale of its Analytical Services division, are focused on
bioequivalence and bioavailability studies for clinical trials at its facility
located in Laval, Quebec. 


CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release are forward-looking and are
subject to numerous risks and uncertainties, known and unknown. For further
information identifying known risks and uncertainties, relating to financial
resources, liquidity risk, key customers and business partners, credit risk,
foreign currency risk, government regulations, laboratory facilities, volatility
of share price, employees, suppliers, and other important factors that could
cause actual results to differ materially from those anticipated in the
forward-looking statements, please refer to the heading Risks and Uncertainties
in Warnex's most recent Management's Discussion and Analysis, which can be found
at www.sedar.com. Consequently, actual results may differ materially from the
anticipated results expressed in these forward-looking statements.

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