Fieldex samples up to 11 grams per ton of gold in Northern Quebec - Continues drilling



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    ROUYN-NORANDA, QC, March 5 /CNW Telbec/ - Fieldex Exploration Inc.
(FLX :TSXV and F7E : Frankfurt ) is pleased to announce additional grab
samples results from a 1.3 metre wide quartz breccia vein structures hosted in
a quartz monzonite intrusive complex at the Temiscamingue property located in
Northern Quebec.
    Two grab samples 3793 and 3794 are 25 metres apart and returned 10.97 and
10.23 grams of gold per ton with significant silver.

    
    Sample No.         Gold (g/t)     Silver (g/t)

    3793               10.97          22.7

    3794               10.23          34.3
    

    The Guimond gold showing is on ground held by Superior Diamonds, of which
Fieldex has 100 per cent of the gold rights, with Superior entitled to a
2-per-cent net smelter royalty.

    Drilling

    Fieldex has also completed the first hole of a 500-metre drill program on
the Guimond project.
    The first hole, collared at minus 45 degrees, intersected at 122.40 m to
123.50 m a quartz epidote vein with disseminated pyrite. The vein is similar
to the vein in surface which returned value cited above. Several similar
quartz epidote with sulphide veins were also encountered along the hole and
could contained gold values as well. Core samples will be sent to Techni-Lab
with assay results expected shortly. The next series of holes will target the
East Vein structure, approximately 100 feet (33 metres) away from the old
working (trenching), on a 50-foot-by-50-foot step-out pattern to delineate and
determine the continuity of grade within the gold-bearing zone. Additional
exploratory drilling to determine the strike extent of the vein structures is
also planned from strategically located drill pads.

    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, mdallaire@fieldexexploration.com,
www.fieldexexploration.com

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Fieldex Exploration Inc.

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