Metalex Grants Stock Options

KELOWNA, BC, March 29 /CNW/ - Metalex Ventures Ltd. (TSXV: MTX) (the "Company" or "Metalex") announces that the Board of Directors has granted an aggregate of 1,900,000 stock options to certain directors, officers and employees pursuant to Metalex's incentive stock option plan. Each of these options vest immediately and allow the holder to purchase one common share of the Company at a price of $0.95 until March 28, 2021. The issuance of the options is subject to approval by the TSX Venture Exchange.

Neither the 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.

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For further information:

Chad Ulansky, President and CEO (250) 860-8599 [email protected]

CO: Metalex Ventures Ltd.

CNW 18:58e 29-MAR-11