KELOWNA, BC, April 14 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report preliminary macro diamond results from the fourth of 11 holes from the 9.3 hectare U2 kimberlite pipe on the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario.

Primary recovery of diamonds from the fourth hole is now complete. The hole contains 300 commercial sized stones (greater than 0.425mm) including the previously reported 0.72 carat diamond.

The diamonds recovered to date in the fourth hole (U2-RC-05) are as follows:

Depth	Sampled	Diamonds		Sampled		Grade
From	To	Interval	Material	#	Ct		Weight
(m)	(m)	(m)					(kg)		(cpht)
0	60	60	Overburden, limestone crater infill with small sections with up to 40% kimberlite - low grade	8	0.059		12,194		0.5
60	75	15	Crater-kimberlite transition with high country rock content (7 to 60%) - very high grade	11	0.842		2,764		31.4
75	105	30	Kimberlite - low grade	18	0.040		5,208		2.1
105	180	75	Kimberlite - high grade	100	1.727		11,458		15.1
180	270	90	Kimberlite - moderate grade	76	0.694		10,038		6.9
270	342	72	Kimberlite - moderate to high grade	87	0.752		7,414		10.1

Audit sample results from this hole have not yet been received which could improve the above grades.

The size distribution of the diamonds is very coarse with a high proportion of the diamonds being in the large size categories. This is important for a high average carat value. The following table contains the size distribution of the diamonds recovered and described to date:

Hole	Sieve Sizes (Through / On)	Total
	0.6mm	0.85mm	1.18mm	1.7mm	2.36mm	3.35mm	4.75mm
	0.425mm	0.6mm	0.85mm	1.18mm	1.7mm	2.36mm	3.35mm
U2-RC-02	61	81	56	24	4	3	-	229
U2-RC-03	50	121	79	38	12	1	1	302
U2-RC-04	29	96	68	21	10	2	1	227
U2-RC-05	58	137	65	30	6	3	1	300
Total	198	435	268	113	32	9	3	1,058

Characterization of the colour of all natural diamonds recovered and described to date from the first four holes are presented in the following table:

Hole		White		Yellow		Green		Pink		Brown		Grey		Total
		#		#		#		#		#		#		#
U2-RC-02		97		20		2		0		40		70		229
U2-RC-03		121		26		1		2		84		68		302
U2-RC-04		134		14		0		3		20		56		227
U2-RC-05		172		25		2		0		35		66		300
Total		524		85		5		5		179		260		1,058

To date, as presented in the above table, 49.5% of the diamonds are white; 24.6% are grey; 16.9% are brown; 8% are yellow; 0.5% are pink and 0.5% are green. The proportion of white diamonds continues to improve with increasing diamond size. Of the 44 largest diamonds (greater than 1.7mm), 30 are white, 1 is yellow, 8 are grey and 5 are brown. By weight, white diamonds comprise 59.5% of the parcel and yellow, pink and green diamonds comprise 6.7%.

Metalex is most encouraged by the recovery of two 0.72 carat diamonds from the first four holes of the bulk sample. As shown in the photographs on display on the Company's website (www.metalexventures.com), many of the large diamonds recovered to date from the very large 9.3 hectare U2 kimberlite are spectacular. Furthermore, the high proportion of white and coloured diamonds is exceptional.

Regards,

Hg