Ontex Resources Limited

Ontex Resources Limited

May 14, 2008 08:30 ET

Ontex Resources Engages Scott Wilson Roscoe Postle Associates to Evaluate the Brookbank Gold Deposit

LONDON, ONTARIO--(Marketwire - May 14, 2008) - Ontex Resources Limited (TSX:ONT) is pleased to announce that it has engaged the services of Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) to assist in the evaluation of the Brookbank Gold Deposit.

Scott Wilson RPA, is a prominent Toronto based geological/mining consulting company that has assisted in over 1,000 assignments for 450 clients in the past 23 years. The company has been contracted to provide on-going technical assistance during the current drill program, to review the QA/QC program, to prepare a current resource estimate and to prepare a NI 43-101 report on the property. A preliminary economic assessment will be carried out following the resource estimate. Scott Wilson RPA will employ their considerable experience in this deposit type and will assist Ontex in planning the on-going drill program.

The new diamond drill program focus is twofold:

1) to increase the resource base by drilling the periphery of the Brookbank Gold Deposit and to upgrade the Resources from the inferred to indicated category by infill drilling.

2) to target the area between the Cherbourg and Brookbank deposits to develop additional Resources.

To further assist the ongoing drill program, Ontex has also contracted Major Drilling Group International Inc. to supply one additional diamond drill rig capable of drilling to 2,000 meters in depth to complete the planned 8,000 meter diamond drill program. This diamond drill was mobilized to the property on May 6, 2008.

The drill core will be logged and split on site and half-core samples analyzed employing the appropriate gold fire assaying techniques at Swastika Laboratories Ltd., Swastika, Ontario. A QA/QC program developed by Scott Wilson RPA will be implemented.

The mineral Resources of the property are estimated to be 1.6 million tonnes grading 7.1 g/t Au of Indicated Resources (372,00 ounces) and 1.6 million tonnes at a grade of 6.2 g/t of Inferred Resources (321,000 ounces) at a cut off grade of 2.0 g gold per tonne within the Brookbank structure. (See NI 43-101 compliant technical report filed on Sedar.com and on Ontex web site dated 2006). The known Brookbank mineralization occurs between the Cherbourg and the Foxear zones, a total of 6.5 km within a property with a total strike length of 35 km.

Investors are also asked to visit the Ontex IR Hub at www.agoracom.com/IR/Ontex where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to ONT@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

For purposes of NI 43-101, Armen Chilian P.Geo. is the Qualified Person who planned and will execute the exploration program for Ontex on the Brookbank gold deposit. John P. Thompson P.Eng. is responsible for the current estimate of the resources as reported in the "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006.

About Scott Wilson Group plc (www.scottwilson.com)

Scott Wilson Group plc, with over 6,000 members of staff globally, provides sustainable, integrated solutions to meet the planning, engineering, management and environmental needs of clients across the transportation, property, environment and natural resources market sectors.

Since its inception in 1985, Roscoe Postle Associates has successfully served the geological and mining community worldwide. Clients include major mining companies, banks, junior mining and exploration companies, governments, law firms, and individual investors.

In June 2006, RPA was acquired by Scott Wilson, an international consultancy based in the United Kingdom. As part of the Scott Wilson Mining Group, RPA will continue to provide expert professional services to the mining industry from the head office in Toronto, other RPA offices in Vancouver and Rouyn-Noranda in Canada and Scott Wilson offices in London, UK and many other countries around the world.

For more information on Scott Wilson, please follow this link: www.scottwilson.com.

About Major Drilling Group International (www.majordrilling.com)

Based in Moncton, New Brunswick, Major Drilling Group International Inc. is one of the world's largest metals and minerals contract drilling service companies. To support its customers' mining operations and mineral exploration activities, Major Drilling maintains operations in Canada, the United States, Mexico, South and Central America, Australia, Armenia, Indonesia, Africa and Mongolia.

About Ontex Resources Limited (www.ontexresources.com)

Ontex Resource Ltd. is a junior resource company listed on the Toronto Stock Exchange under the symbol "ONT" engaged in gold exploration principally on its Brookbank Gold property in northern Ontario. Ontex has issued 90,016,994 million common shares.

Forward-Looking Statements

Certain information included in this press release, including any information as to our future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward- looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward- looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to a significant business, economic and competitive uncertainties and contingencies. Ontex cautions the reader that such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Ontex to be materially different from its estimated future results, performance or achievements expressed or implied by those forward- looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold and currencies; charges in U.S. dollar interest rates or gold lease rates; risks arising from holding derivative instruments; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves; adverse changes in our credit ration; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in the Company's most recent Annual Information Form on file with the Ontario Securities Commission and other provincial securities regulatory authorities (please see www.sedar.com).

Ontex disclaims any intention or obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of the information contained in this news release.

Contact Information