Metalex-WSR-Arctic Star Joint Venture Intersects 131.9 Meters of Semi-Massive to Near-Massive Sulphides in Hole 5.01-09, Under H

Metalex Ventures Ltd. (TSX VENTURE:MTX) ("Metalex"), WSR Gold Inc. (TSX
VENTURE:WSR) ("WSR") and Arctic Star Diamond Corp.'s (TSX VENTURE:ADD) ("Arctic
Star") Joint Venture Project along the Ring of Fire, 45 kilometers north of
Noront's Eagle One discovery encountered another significant width of Volcanic
Derived Sulphides (VDS) mineralization in hole number 5.01-09. This property, of
65 hectares, is one of 113 joint venture claim blocks under option by WSR,
whereby WSR can earn up to a 50% interest in the property by spending $20
million over four years thereby diluting Metalex to a 45.75% interest and Arctic
Star to a 4.25% interest. Currently Metalex has a 91.5% interest and Arctic Star
has an 8.5% interest. Within the option agreement covering approximately 21,400
hectares, there are numerous other high priority targets throughout the area.


To date, on the 5.01 discovery 10 holes have been completed totalling 1903.5
meters. Hole 5.01-06, reported in a previous press release dated June 4, 2008 on
Section 1+50 East was followed by three additional holes on the same section.
Hole 5.01-10 was a 50 meter step out east of 5.01-09 on Section 2+00 East. The
zone dips steeply north below the Precambrian surface which is overlain by
approximately 15 - 20 meters of gravel and Paleozoic sedimentary cover. The VDS
mineralization has been delineated thus far on sections 1+00 East and 1+50 East
(50 meters apart) down to a vertical depth of 200 meters. On a 3rd section (2+00
East) the first hole completed (5.10-10) failed to intersect the zone at its
targeted vertical depth of 150 meters.


Hole number 5.01-07 was drilled in a southeasterly direction to check for a
north easterly - south westerly strike direction and encountered only minor iron
sulphide mineralization.


Hole number 5.01-08 drilled southerly, across the assumed east - west strike
direction encountered only sparse mineralization at shallow depths over the top
of the main mineralization.


Hole number 5.01-09 drilled southerly, 50 meters down dip below hole 5.01-08
encountered the main zone from 103.5 meters to 235.4 meters (103.5 meters in
total) in the drill hole and is similar in visible sulphide content to Hole
number 5.01-06.


Hole number 5.01-10, a 50 meter step out to the east of hole 5.01-09 and along
strike intersected only minor sulphides.


Hole number 5.01-11 currently being drilled is designed to test for the main
mineralization down the steep easterly plunge, 50 meters below hole 5.01-10 on
the same north - south cross section (2+00 East).


The following table summarizes the recent drilling on 5.01 with significant
visual sulphide mineralization:




----------------------------------------------------------------------------
           Location                    Hole Mineralization            Visual
-------------------------------------------------------------    Description
Hole No  E.ing  N.ing  Dip   Az   EoH    From      To   Width             of
------------------------------------------------------------- Mineralization
                                       meters  meters  meters
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                       Minor
5.01-07  1+50E  0+50N  -45  135 165.0    52.4   118.5    66.1 iron sulphides
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                       Minor
5.01-08  1+50E  0+50N  -45  180 140.2    25.9    35.4     9.5 iron sulphides
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                 Minor iron,
                                                                      copper
5.01-09  1+50E  0+00N  -60  180 249.7    42.0   103.5    61.5      sulphides
----------------------------------------------------------------------------
                                                               Semi-massive,
                                                               iron, copper,
                                        103.5   154.0    50.5 zinc sulphides
----------------------------------------------------------------------------
                                                               Iron, copper,
                                        154.0   183.8    29.8 zinc sulphides
----------------------------------------------------------------------------
                                                                Semi-massive
                                                               iron, copper,
                                        183.8   201.2    17.4 zinc sulphides
----------------------------------------------------------------------------
                                                                Near-massive
                                                                iron, copper
                                        201.2   235.4    34.2      sulphides
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                       Minor
5.01-10  2+00E  0+50N  -65  180 280.5   131.7   235.1    93.4 iron sulphides
----------------------------------------------------------------------------



The anomaly 5.01 Project is managed and operated by Metalex for the Joint
Venture partners under supervision of Dr. Charles Fipke, Chairman of Metalex.
Dr. Fipke and John Harvey, P.Eng, a consulting geologist for WSR, prepared this
release.


Metalex believes that the recent drill results, with the presence of visible
copper, zinc and lead sulphides being observed on site by the project's
geologist are very encouraging and could be of significant importance to the
Joint Venture partners if the assay results pending are favourable.
Notwithstanding the foregoing, visible observations are estimates only and
pending assay results may not confirm visual observations in whole or in part.
The widths given above are core widths only and do not represent true widths
which cannot be determined at this time.


John Archibald, P.Eng. and a Qualified Person, has reviewed the drill core and
confirms the visual descriptions described herein. Assay results are pending for
all holes completed to date.