Nine Conductive Anomalies Found to Date on Metalex's James Bay Nickel and Copper Properties



    KELOWNA, BC, March 31 /CNW/ - Metalex Ventures Limited (MTX : TSX-V) WSR
Gold Inc. (TSX-V:WSR) ("WSR") and Arctic Star Diamond Corp. (TSX-V : ADD)
("Arctic Star") announce that a drill program will shortly commence on our
James Bay Nickel and Copper properties.

    
    Since acquiring the claims in late 2007 and early 2008 the joint venture
    has:

    1.  Completed helicopter borne magnetic and electromagnetic geophysical
        surveys on nearly half of the joint venture claims;
    2.  Reviewed the geophysical data received to date and have identified
        nine conductive anomalies accompanied by favorable magnetic
        anomalies. These targets are mostly situated along the "Ring of
        Fire" and have been prioritized;
    3.  Mobilized a competent field geologist as well as a ground geophysical
        crew to a camp near the priority drill targets along the "Ring of
        Fire";
    4.  Mobilized a heli-portable drill rig to our camp so that drilling can
        commence as soon as the ground geophysics utilized to further
        delineate the targets is complete;
    

    Under the terms of the joint venture WSR can acquire up to a 50%
beneficial interest in the properties by spending up to CDN$20.0 million over
a four year period. Currently the properties total 21,440 hectares and are
owned 91.5% by Metalex and 8.5% by Arctic Star.
    Metalex is pleased with the progress of work on the joint venture
properties to date and looks forward to the commencement of drilling.
    Dr. Charles Fipke, P. Geo is the Qualified Person responsible for the
technical contents of this press release.

    "Chad Ulansky"

    Chad Ulansky
    President.

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

    %SEDAR: 00008159E




For further information:

For further information: 2600B Enterprise Way, Kelowna, B.C, Canada, V1X
7Y5, Tel (250) 860-8599; Fax (250) 860-1362, www.metalexventures.com,
investorinfo@metalexventures.ca

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Metalex Ventures Ltd.

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