Fieldex drills 30 metres 1.0% nickel at Laforce



    ROUYN-NORANDA, QC, Oct. 18 /CNW Telbec/ - Fieldex Exploration Inc.
(FLX :TSXV and F7E : Frankfurt ) is pleased to announce the final assay
results from the first hole (LF-07-07) of a 40-hole diamond drilling program
started September 21st on its copper nickel 100% owned Laforce property
(subject to 2-per-cent royalties to FNX Mining) located in northwestern
Quebec.

    
    ASSAY RESULTS - HOLE LF-07-07

                       From        To     Int.      Cu       Ni
    Hole                (m)       (m)      (m)     (%)      (%)

    LF-07-07          41.51     71.60    30.09    0.53    1.00%
    including         42.51     58.26    15.75    0.52    1.15%

    This hole was drilled vertically an intercepted copper-nickel
mineralization from depth of 41.51 metre to 81.07 (39.56 metres). The
mineralization occurs in a brecciate chloritized pyroxenite containing 10 to
15 % sulphide with section up to 30 % sulphide over few metres. The sulphide
is chalcopyrite, pyrrothite, pyrite and pentlandite. These sulphides appear in
small stinger around pyroxenite fragments, as coarse blebs in the breccias
matrix and locally associated with small sheared zone. From the first
observation it looks like the mineralization is from tectonic origin. The hole
was drilled to a depth of 120 metres and terminated in a barren monzo-diorite.
    The holes LF-07-08 to LF-07-10 have recently been completed and
intercepted mineralized sections as follow;

                       From        To     Int.
    Hole                (m)       (m)      (m)

    LF-07-08          32.09     79.69    47.60
    LF-07-10          52.88     79.50    26.62
    

    In light of this exciting nickel-copper and PGE discovery, with
economical potential, Fieldex continues with an aggressive exploration
campaign including detailed ground geophysical and drilling. Fieldex is
planning to drill through the freeze-up period.
    Martin Dallaire, the president and chief executive officer of Fieldex,
stated: "The Laforce property is located right in the copper-nickel -platinum
metallotec corridor defined by Inco. Inspiration Mining, with their recent
Langmuir discovery in Timmins, has proved the potential of this corridor and
Fieldex focus will ce rtainly be on LaForce in the coming months."
    LaForce property consists of 6 contiguous mining claims covering a total
of two hundred and eleven hectares (211 ha).

    Quality control
    ---------------

    Assay samples are taken from drill core sawed in half with one half sent
to a commercial laboratory and other half retained for future reference.

    Qualified person
    ----------------

    The Temiscamingue projects are being supervised by Laurent Hallé P.Geo,
the qualified person for these projects.

    About Fieldex:

    Fieldex is a mineral resource company actively exploring in Quebec for
nickel-copper-platinum group metal deposits located through out Northern
Quebec, representing over 600 km2. FNX Mining Company owns 6 500 000 shares of
Fieldex Exploration Inc.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00008738E




For further information:

For further information: Martin Dallaire, eng, President & CEO, (819)
762-0609, Fax: (819) 762-0097, info@fieldexexploration.com,
www.fieldexexploration.com

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