Ontex Resources Limited
TSX : ONT

Ontex Resources Limited

March 30, 2009 17:00 ET

Ontex Announces 23% Increase in Brookbank Gold Resource

LONDON, ONTARIO--(Marketwire - March 30, 2009) - Ontex Resources Limited (TSX:ONT) is very pleased to report on its newly updated independent NI 43-101 mineral resources estimate very recently received from Scott Wilson Roscoe Postle Associates Inc ("Scott Wilson RPA") on the Brookbank Gold Deposit and property.

Three recent diamond drilling programs comprising 35 drill holes totaling 10,510 meters have increased the total gold mineral inventory by 23% over the equivalent 2006 resource estimate. The Brookbank Gold Deposit property total gold resources at a 2.0 gram per tonne cut-off grade and with high values not cut are provided below for comparative purposes with the 2006 resource and have now increased to:



------------------------------------------------------------------------
Brookbank Gold Deposit 2.0 g/t Au Cut-off Compilation
------------------------------------------------------------------------
Indicated Inferred
---------------------------------------------------------
Un-Cut Un-Cut Un-Cut Un-Cut
Zone Tonnes Au g/t Au oz Tonnes Au g/t Au oz
------------------------------------------------------------------------
Brookbank (1) 1,517,000 8.0 390,800 1,817,400 5.3 307,400
------------------------------------------------------------------------
Cherbourg (1) 88,600 5.7 16,200 322,800 5.7 59,400
------------------------------------------------------------------------
Foxear (1) 189,700 2.9 17,900 385,400 2.8 34,300
------------------------------------------------------------------------
Sub-Total (1) 1,795,300 7.4 424,900 2,525,600 4.9 401,100
------------------------------------------------------------------------
Irwin Zone (2) 45,000 5.1 7,400 130,000 4.9 20,300
------------------------------------------------------------------------
TOTAL 1,840,300 7.3 432,300 2,655,600 4.9 421,400
------------------------------------------------------------------------

(1) Estimated by Scott Wilson RPA (2009) at a 2.00 g/t Au cut-off.
(2) Estimated by Thompson (2006) at a 2.00 g/t Au cut-off.


For the Brookbank, Cherbourg and Foxear Deposits, Scott Wilson RPA has estimated both the un-cut and cut gold Indicated and Inferred Resources for 2.0, 3.0 and 3.4 grams gold cut-off grade. The new Scott Wilson RPA NI 43-101 compliant Indicated and Inferred mineral resources at a 3.4 g/t cut-off grade, conforming to the CIM Definition Standards for Mineral Resources dated March 25, 2009 are presented in the following link:



----------------------------------------------------
Indicated
------------------------------------------
Un-Cut Cut Un-Cut Cut
Au Au Au Au
Zone Tonnes (g/t) (g/t) (oz) (oz)
----------------------------------------------------
Brookbank 1,217,353 9.89 8.83 386,983 345,610
----------------------------------------------------
Cherbourg 79,908 10.43 10.08 26,789 25,890
----------------------------------------------------
Foxear 34,494 4.27 4.27 4,735 4,735
----------------------------------------------------
TOTAL 1,331,755 9.77 8.79 418,508 376,235
----------------------------------------------------


----------------------------------------------------
Inferred
------------------------------------------
Un-Cut Cut Un-Cut Cut
Au Au Au Au
Zone Tonnes (g/t) (g/t) (oz) (oz)
----------------------------------------------------
Brookbank 813,098 7.86 7.38 205,558 192,839
----------------------------------------------------
Cherbourg 141,228 10.54 8.14 47,862 36,960
----------------------------------------------------
Foxear 54,170 3.73 3.73 6,496 6,496
----------------------------------------------------
TOTAL 1,008,497 8.02 7.29 259,916 236,296
----------------------------------------------------

(1) Prepared to CIM Definitions by Mr. Ian Blakley, P. Geo., and Dr.
Christopher Moreton, P. Geo. for Scott Wilson Roscoe Postle
Associates, independent Qualified Persons within the meaning of
NI 43-101, using a gold cut-off of 3.4 g/t, an average long-term gold
price of US$850/oz per ounce, and a US$/C$ exchange rate of 1.10. A
minimum mining width of 1.5 m and a minimum grade of 1.0 g/t Au for
Foxear and 2.0 g/t Au for the other zones were used to build
mineralization wireframes. High assays were capped at 40 g/t Au for
Brookbank, 13 g/t Au for Cherbourg, and no capping was required at
Foxear. Assays were capped prior to compositing. Scott Wilson RPA
recommends the use of cut gold grades. A 2.76 t/m3 tonnage factor was
used.


The recent drilling has expanded the mineral resources along strike by 200 meters towards the east. The main Brookbank Gold Deposit model now has gold mineralization over a strike length of 800 meters and to a depth of over 800 meters. Scott Wilson RPA has recommended 43 strategically designed holes be drilled on the Brookbank Property to add gold resources to inventory and to upgrade Inferred resources to the Indicated category. Drill and camp mobilization for a $2.3 million diamond drilling program designed to further increase the gold resources on the property and bring the project closer to a potential production decision is now mobilizing. Ontex continues to have the largest gold resource in the Beardmore - Geraldton Gold Belt and with the new NI 43-101 we are well on our way to make 2009 the best year ever.

Ontex Chairman and CEO Gary Conn said, "Gold discovery costs to Ontex to delineate the new NI 43-101 compliant Indicated and Inferred resource at a 3.4 g/t cut-off (uncut) are only just over $8 per ounce of gold for drilling. It is far more cost effective to find a gold mine by drilling on your own land than to go out and acquire a gold deposit providing you have the right property."

This is expected to be a very exciting year for growth in Ontex. We expect to significantly add to the gold ounces in the ground with our 2009 $2.3 million diamond drilling program. Our objective is to increase the mineral resources substantially this year. Ontex is actively in discussions with senior mining companies.

The Company has contracted Bradley Bros. Limited for the 2009 diamond drill contract. The Company's goal is to begin drilling as soon as mobilization is completed and to continue aggressively throughout the year. Such an "all-out" program will provide the basis for a future NI 43-101 resource estimate increases - anticipated for January 2010.

Ken Reading, a very well regarded explorationist, will be heading to the property to begin evaluations starting in May. Mr. Reading's primary objective will be to understand and help locate additional local structures which host the gold mineralization that have been co-active with the main conglomerate/volcanic gold-enriched contact at the Brookbank and Cherbourg properties. He will work closely with Ontex throughout 2009.

The Company welcomes everyone to the 2009 Northwestern Mines and Minerals Symposium in Thunder Bay on April 8th, where it will present a talk on the Brookbank Gold Camp.

John P. Thompson, P.Eng. and President of Ontex, a Qualified Person within the meaning of NI 43-101 has reviewed the data and contents of this news release. Armen Chilian, P.Geo., Vice-President of Exploration, is the Qualified Person who planned and is executing the exploration programs for Ontex.

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers with mineralized zones extending from surface to a depth of at least 600 meters. The Company trades on the Toronto Stock Exchange under the symbol "ONT".

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to Ontex's future exploration plans and potential mineralization. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Ontex to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining industry such as economic factors as they effect exploration, future commodity prices, market conditions, changes in foreign exchange and interest rates, actual results of current exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves; contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Ontex's Annual Information Form for the year ended December 31, 2007, available on www.sedar.com. Although Ontex has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Ontex does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Additional information is available on the Company's website at www.ontexresources.com or www.agoracom.com/IR/Ontex.

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