Press Release

Stock Watch Alert: Madison Exploration Continues Exploration on Scout Lake Which Could Prove to be Canada's Next Huge Diamond Find

LAS VEGAS, Oct. 28, 2004 -- Madison Exploration Inc. (Other OTC: MDEX) currently has acquired and secured one of the most sought after pieces of land where successful Mobile Metal Ions (MMI) tests have shown diamonds could be located. Madison Exploration believes this land could reveal one of the largest diamond finds in the North and South American continents. Located nearby is the De Beers organization which has been in Saskatchewan for some time. Visit: http://www.madisonexploration.com.

Madison Exploration believes the Scout Lake Dyke area in Saskatchewan may be potentially a very significant find of diamonds. The eminent engineer Dr. J.H. Montgomery, who currently resides as director of five other large mining operations, has identified and entered into an agreement with MDEX for the right to explore his site for diamonds. Madison Exploration is the most active expert exploration corporation in Southern Saskatchewan, one of two areas with strong diamond potential as defined by the Saskatchewan Geological Survey. Dr. Montgomery has been working analyzing this property for over 10 years and believes the property may be one of the best prospective locations to find diamonds in his career as one of the most distinguished geologists in the world. Dr. Montgomery has been involved in over 300 successful mineral investigations in North America, South America, Europe, Africa and Asia for some of the biggest and most successful mining corporations in the world.

Dr. Montgomery has been a very strong believer and user of one of the finest technologies in the world, Mobile Metal Ions (MMI), a soil geochemistry, which detects metal ions through considerable depths of overburden directing the potential path to finds of diamonds. Dr. Montgomery believes the tests he has performed using the MMI technology has shown a very strong pattern of information favorable to indications of a diamond reserve in this area of Scout Lake Dyke. Visit: http://www.madisonexploration.com.

Madison Exploration, with Dr. Montgomery's executive abilities of successful proven methods in the field of geology for over 30 years, believes the results will be stellar and add greatly to shareholder value for the corporation.

Contact:

C. Wilson for Madison Exploration Inc.
stockmarketalert@yahoo.com
561-367-8545

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