June 15, 2009 Metalex Ventures Ltd. report the completion of the fourth core hole and progress on the fifth hole drilled into the large (approximately 24 hectare) kimberlite discovery reported in the news release of April 1, 2009. The fourth hole was drilled at the same site as the vertical hole 3 inclined (-55 degrees) towards the first two core holes located 283 meters distant at a bearing of 158 degrees. Hole 4 intersected diatreme facies kimberlite at 6 meters until 227 meters where it entered sandstone. From 245 meters to 284 meters an alternating sequence of fine grained magmatic kimberlite and siltstones was intersected. From 284 meters to the end of hole at 359 meters sandstone was intersected. Hole 5 was collared 524 meters south south east at a bearing of 158 degrees from hole 4. From this location the drill was inclined -50 degrees at a bearing of 338 degrees towards hole 4. Drilling intersected sandstone until 179 meters where kimberlite breccia was intersected. The kimberlite breccia
continued to 254 meters where fine grained magmatic kimberlite was intersected through to 289 meters. Drilling continues in sandstone at 390 meters.
May 4, 2009 Metalex Ventures announced is pleased to announce that a third core hole is being drilled into the exceptionally large 500 x 600 meter (+/- 24 hectare) kimberlite discovery in Angola. The third vertical hole collared approximately 150 meters north of the second hole intersected kimberlite at 12.2 meters depth and the drill is still in primary
kimberlite at 141.8 meters depth. The Company anticipates that eroded parts of this pipe may be a source of the
abundant high quality alluvial diamonds being mined downstream from the Company's concession on the Quango River.
December 29, 2008 Reported that 22 kimberlites have been discovered on the property by drilling or pitting. In excess of 200 kilograms of kimberlite has been collected from each of these discoveries and has been shipped to CF Mineral Research Ltd for the recovery of diamond indicator minerals and microdiamonds. The first kimberlite
results are expected shortly.
