Metalex intersect large kimberlite pipe near surface in Angola

    KELOWNA, BC, May 4 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex",
"The Company"), is pleased to announce that a third core hole is being drilled
into the exceptionally large 500 x 600 meter (+/- 24 hectare) kimberlite
discovery in Angola as reported in the news release of April 1, 2009. The
third vertical hole collared approximately 150 meters north of the second hole
intersected kimberlite at 12.2 meters depth and the drill is still in primary
kimberlite at 141.8 meters depth.
    Metalex is hopeful that eroded parts of this pipe may be a source of the
abundant high quality alluvial diamonds being mined downstream from the
Company's concession on the Quango River, Angola. Core samples from this pipe
will be shipped to the CF Mineral Research Ltd. laboratory in Canada for
analysis as soon as possible.
    Dr. Charles Fipke, a qualified person, is responsible for the technical
content of this release

    "Chad Ulansky"

    Chad Ulansky, President & CEO
    (250) 860 - 8599

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00008159E

For further information:

For further information: Chad Ulansky, President & CEO, (250) 860-8599,

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