Metalex Ventures Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2022

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec, Canada. It has an interest in certain claims located in the James Bay lowlands area of Northeastern Ontario, which covers approximately 36 square kilometers (8,944 acres) of ground. It has a 70 % interest in the Viljoenshof Diamond Project in South Africa.