Metalex recovers largest diamond yet from U2 kimberlite

Metalex Ventures Ltd. (TSXV : MTX) (“Metalex”, the “Company”) is pleased to report that a 2.61 carat white gem quality diamond has been recovered from the exceedingly large, 9.3 hectare, U2 kimberlite pipe on the Metalex – Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario.

This 2.61 carat gem exceeds the largest diamond previously recovered which was 1.25 carats. A 0.54 carat and six other diamonds exceeding 0.13 carats were also recovered from this hole (U2-RC-10). Pictures of diamonds from this hole including the 2.61 carat stone and a 0.18 carat pinkish diamond are available on the Company’s website (www.metalexventures.ca). A total of 214 commercial sized stones (greater than 0.425mm) have been recovered from U2-RC-10.

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