Canada NewsWire
KELOWNA, BC, May 16 2016
KELOWNA, BC, May 16 2016 /CNW/ - Metalex Ventures
Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report the staking of claims on the northern Quebec diamond project along with joint venture partner Wemindji Exploration.
The two claim blocks, totaling over 1,000 hectares, are staked over the apparent heads of two diamond indicator mineral trains
as detected by the joint venture's ongoing exploration activities in northern Quebec.
Metalex plans to define potential drill targets this summer season using a combination of heavy mineral sampling and
geophysics.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky
P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this
release.
Signed,
Charles Fipke
Charles Fipke
Chairman
Forward Looking Statements
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking statements that involve various risks. The following are
important factors that could cause the Company's actual results to differ materially from those expressed or implied by such
forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability
and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be
accurate as actual results and future events may differ materially from those anticipated in such statements. Metalex
undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should
change. The reader is cautioned not to place undue reliance on such forward-looking statements.
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.
SOURCE Metalex Ventures Ltd.
