Metalex Announces Closing of Financing

203-1634 Harvey Ave Kelowna, B.C Canada, V1Y 6G2 Tel 250.860.8599 Fax 250.860.1362 www.metalexventures.com [email protected]

METALEX ANNOUNCES CLOSING OF FINANCING

Kelowna, Canada – September 4, 2015 – Metalex Ventures Ltd. (TSXV:MTX) (the “Company”). Further to its earlier news releases of August 20, 2015 and August 27, 2015, the Company is pleased to announce that it closed its previously disclosed financing for total proceeds of $650,000. In connection therewith the Company issued 7,000,000 flow through units (the “FT Units”) at a price of $0.05 per FT Unit. Each FT Unit is comprised of one flow through share and one-half a warrant, with each whole warrant (a “Warrant”) exercisable at $0.07 for a term of 2 years. The Company also issued 6,000,000 non-flow through units (the “Units”) at a price of $0.05 per Unit. Each Unit is comprised of one nonflow through share and one-half a Warrant.

The proceeds from the sale of FT Units shall be applied towards the Company’s exploration activities in Quebec and a study of the Company’s U2 Kimberlite pipe in Ontario in advance of a proposed exploration project. The proceeds from the sale of the Units will be used for general working capital.

For further information please contact:

Chad Ulansky, President & CEO (250) 860 – 8599 [email protected]

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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