Jenex Completes Private Placement

May 21, 2013
TORONTO, ONTARIO

The Jenex Corporation(“Jenex”) (TSX-V: JEN.H)- Further to a press release dated March 26, 2013 disclosing a non-brokered private placement of up to $250,000, Jenex is pleased to announce that it has completed a non-brokered private placement of 10,000,006 units (“Units”) at a price of $0.015 per Unit for gross proceeds of $150,000. Each Unit consists of one common share (“Common Share”) and one half of one Common Share purchase warrant (“Warrant”). Each full Warrant is exercisable into one Common Share at $0.10 per share until May 21, 2014. The private placement was approved by the Board of Directors of the Company.

The private placement was conducted in Ontario only, pursuant to a partial revocation of a Cease Trade Order issued by the Ontario Securities Commission.  The Company plans to use the funds to bring all its continuous disclosure filings up to date and pay related late filing fees and penalties.

The net proceeds of the Private Placement are estimated to be applied as follows:

Description                                                                                                                     Cost

Penalties and fees for past late filings of continuous disclosure documents                      $25,000

Legal, accounting and audit fees                                                                                       $40,000

Application for revocation of the cease trade orders applicable to the Applicant               $25,000

NEX maintenance fees-- TSXV                                                                                          $20,000

Outstanding accounts and other maintenance-related costs                                             $40,000

Total Financing:                                                                                                                $150,000

The securities issued in connection with the private placement are subject to a hold period that runs to September 22, 2013.  The securities of the Company, including those issued in the private placement, may only be traded once the cease trade orders issued by the Ontario, British Columbia and Alberta Securities Commissions are fully revoked.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.