Jenex Announces Private Placement

FOR IMMEDIATE RELEASE                                                                                  JEN

July 11, 2002                                                                                           July 10 Close 0.85

Burlington, Ontario

THE JENEX CORPORATION (“Jenex” or the “Corporation”) (TSX Venture Exchange – JEN), Michael Jenkins, President and CEO of Jenex announces the Corporation has accepted private placement funding for 217,091common shares at $1.10 per share in lieu of the $1.50 private placement announced March 11, 2002 for a total of $238,800.00.  The transaction is subject to customary regulatory approval and the shares will be subject to a four-month hold period from the date of issue.

Jenex has previously reported the reduction of debt for stock totaling $358,188.00. The corporation has raised capital and secured debt reduction of $596,988.00 without utilizing outside funding sources.

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The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the accuracy or the contents of this press release.

                               The Jenex Corporation

                                207      -  940 Sheldon Court

                                Burlington, Ontario, L7L 5K6

                                Michael A. Jenkins, President

                                Telephone:  (905) 632-3830

      Facsimile:  (905) 632-3774

Email:  jenex@sprint.ca

          Website:  www.jenexcorp.com