Metalex's drilling at Kyle Lake intersects a diatreme with kimberlite affinities

LOWNA, BC, April 27 /CNW/ - ("MTX" TSX.V), Metalex Ventures Ltd
("Metalex" or "the Company") is pleased to report that a diatreme breccia has
been intersected at its Kyle project (80% Metalex, 20% Arctic Star Diamond
Ltd.) in Northern Ontario. The diatreme was intersected by a vertical core
drill hole directed into the centre of a magnetic anomaly caused by a source,
estimated to be at least 180 metres in diameter. The intersection was at a
depth of 138.6 metres to the end of the hole at 167.1 metres. The 33.5 metres
of diatreme core was air-freighted to the C.F. Mineral Research Ltd.
laboratory in Kelowna, B.C. where the core was logged by geologist, Agnes
Fung. The core contains autoliths of olivine and orthopyroxene, together with
xenoliths of chromite hosted in a matrix of phlogopite, serpentine and
carbonate. As this indicates an affinity to kimberlite, about 48kg of core was
submitted for analysis for diamonds and diamond indicator minerals. Small
pieces of core have also been submitted for thin section study and whole rock
analysis with the objective of positively identifying the rock type.

Charles E. Fipke
Geologist and Director of Metalex


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