Metalex Ventures Limited - Two new diatremes discovered in Angola



    KELOWNA, BC, June 5 /CNW/ - Metalex Ventures Limited (MTX:TSX - Venture
Exchange) is pleased to announce that another two diatremes have been
intersected at its project in Angola. This brings the number of diatremes
discovered by the current drill program to five. In addition four diatremes
were pitted or augered last year and were confirmed as kimberlite.
    This fourth diatreme discovered by the current drill program was
intersected by a vertical core hole at a depth of approximately 10 feet.
Diatreme, containing sandstone xenoliths, was intersected to a depth of
565 feet. Sandstone was intersected from 565 feet to the end of the hole at
600 feet. It is not clear whether this sandstone represents the diatreme wall
or a large xenolith at depth.
    Drilling of the next target intersected the fifth diatreme at a depth of
8 feet. The hole remained in the diatreme to 602 feet, the planned end depth.
    The drill is currently being moved to the next target.
    The last of approximately 150 alluvial heavy mineral and weathered rock
pit samples have now been collected. The first shipment of these samples,
along with core from the first three diatremes intersected, has now arrived at
the CF Mineral Research Ltd. laboratory in Kelowna and the samples are being
analyzed for diamonds and diamond indicator minerals.

    Mr. Chad Ulansky is the Qualified Person responsible for the technical
contents of this press release.

    Charles Fipke

    Dr. Charles Fipke
    Chairman

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    %SEDAR: 00008159E




For further information:

For further information: 203-1634 Harvey Ave, Kelowna, B.C, Canada, V1Y
6G2, Tel (250) 860-8599, Fax (250) 860-1362, www.metalexventures.com,
investorinfo@metalexventures.ca

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