TSX VENTURE: MTX

KELOWNA, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2008) - Metalex Ventures Ltd. (TSX VENTURE:MTX) ("Metalex"), WSR Gold Inc. (TSX VENTURE:WSR) ("WSR") and Arctic Star Resources Inc.'s (TSX VENTURE:ADD) ("Arctic Star") Joint Venture Project along the Ring of Fire in the James Bay Lowlands, is pleased to report the first assay results from its zinc-copper-lead-silver (Zn-Cu-Pb-Ag) discovery on anomaly 5.01, located 45 km north of Noront's Eagle One Deposit.

HIGHLIGHTS

- DDH5.01-06 intersected near-massive to massive sulphides from 65-167m downhole for a length of 102m averaging 6.5% Zn, 0.44% Cu, 0.19% Pb, and 3 g/t Ag. Included within this section, from 99.7-125.7m, for a length of 26m, the zone averaged 13.8% Zn, 0.50% Cu, 0.05% Pb, and 2 g/t Ag.

- DDH5.01-14 intersected similar near-massive to massive sulphides from 83.0-120.0m downhole for a length of 37.0m, averaging 6.0% Zn, 0.34% Cu, 0.05% Pb and 6 g/t Ag. Included in this section, from 103.0-111.0m, for a length of 8m, the zone averaged 17.4% Zn, 0.24% Cu, 0.04% Pb, and 5 g/t Ag.

- DDH5.01-15 intersected similar near-massive to massive sulphides from 158.8-184.2m downhole, for a length of 25.4m, averaging 7.6% Zn, 0.35% Cu, 0.36% Pb, and 8 g/t Ag.

- Mineralization, alteration and the geological environment at the 5.01 anomaly appears to be typical of a Noranda-Mattabi-style VMS (Volcanogenic Massive Sulphide) deposit.

- The mineralized zone appears to subcrop beneath approximately 15 meters of glacial till and thus far has been delineated along a north-south strike for 150m, dips 75 degrees to the east, with a maximum core width of 53m and plunging flatly to the south. The base metal occurrence appears open in all directions.

To date, Metalex has completed 25 holes on the 5.01 anomaly totalling 5,699.4 meters since the program began in 2008.

Assay results have now been received for holes 1 to 15. The results from significantly mineralized intervals within these holes are presented in the following table.

                  
Significant Assay Results for Project 5.01

                  
              From       To    Length       Zn        Cu       Pb       Ag
Hole            (m)      (m)       (m)       %         %        %      g/t
05.01-01     108.2    109.5       1.3     3.04     0.232     less        2
                                                             than
                                                             0.01
             118.8    124.1       5.3     4.20     0.275    0.574        9
 Incl        121.3    122.6       1.3     8.02     0.287      1.3       11

                  
05.01-02      22.9     28.1       5.2     2.54     0.053    0.216        4

                  
05.01-03      94.6      100       5.4     3.33     0.027    0.007        2
 Incl         94.6     95.7       1.1     6.76     0.063     less        4
                                                             than
                                                             0.01

                  
05.01-04      30.9       37       6.1     5.83     0.265    0.006        2
 Incl           35       37       2.0    10.69     0.517    0.006        1

                  
05.01-06      36.8     38.8       2.0     3.19     0.256    0.014        1
                65      167     102.0     6.48     0.435    0.185        3
 Incl         99.7    125.7      26.0    13.81     0.502    0.053        2
 Incl        144.5    145.5       1.0    11.15     0.535    0.170        2
 Incl          162      165       3.0    11.90     0.417    0.763       11
            183.15    189.6       6.4     3.42     0.098    0.002     less
                                                                      than
                                                                         1
             195.5    197.6       2.1     2.55     0.078    0.159        3

                  
05.01-09        88       90       2.0     3.55     0.253    0.007        2
               141      152      11.0     4.92     0.514    0.006        2
 Incl          149      151       2.0    12.32     0.218    0.006        1
             220.5    221.6       1.1     0.27     4.510    0.480        4

                  
05.01-14        83      120        37   5.96(i)    0.339    0.047        6
 Incl          103      111         8  17.42(i)    0.236    0.037        5

                  
05.01-15     158.8    184.2      25.4     7.63     0.345    0.355        8
 Incl        161.9    162.4       0.5    17.45     0.064    0.001        2
 Incl          167    174.6       7.6    11.67     0.486    0.303       10
 Incl        180.3      182       1.7    11.73     0.235    0.305       11
             227.5    228.8       1.3     0.06     1.155    0.002        6

                  
(i) An 1.2m interval from 109.8m on hole 5.01-14 has a zinc concentration
    greater than 30% which is the upper limit of the assay technique.
    It is being re-assayed.