Metalex Ventures Ltd.
TSX VENTURE : MTX

Metalex Ventures Ltd.
Arctic Star Diamond Corp.
TSX VENTURE : ADD

Arctic Star Diamond Corp.

June 16, 2008 12:47 ET

WSR-Metalex-Arctic Star Joint Venture Announces a Correction on the Hole 5.01-09 Co-Ordinates in Press Release Dated June 16, 2008

KELOWNA, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - Metalex Ventures Ltd. (TSX VENTURE:MTX) ("Metalex"), WSR Gold Inc. (TSX VENTURE:WSR), and Arctic Star Diamond Corp.'s (TSX VENTURE:ADD) ("Arctic Star") announce that there was an error in their press release dated June 16, 2008. The co-ordinates of Hole 5.01 -09 were misstated at 1+50E, 0+00N. The actual co-ordinates of the hole are 1+50E, 1+00N. This is a significant step out from the previously released Hole 5.01 -06 (see press release dated June 4, 2008) showing growth and continuity over a 50 meter step out to the north of hole 5.01 -06.



The table should have read as follows:
---------------------------------------------------------------------------
Location Hole Mineralization
-------------------------------------------------------------
Hole E.ing N.ing Dip Az EoH From To Width Visual
No Description of
Mineralization
-------------------------------------------------------------
meters meters meters
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Minor iron,
copper
5.01-09 1+50E 1+00N -60 180 249.7 42.0 103.5 61.5 sulphides
---------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
103.5 154.0 50.5 sulphides
---------------------------------------------------------------------------
Iron,
copper,
zinc
154.0 183.8 29.8 sulphides
---------------------------------------------------------------------------
Semi-massive
iron,
copper, zinc
183.8 201.2 17.4 sulphides
---------------------------------------------------------------------------
Near-massive
iron,
copper
201.2 235.4 34.2 sulphides
---------------------------------------------------------------------------


The anomaly 5.01 Project is managed and operated by Metalex for the Joint Venture partners under supervision of Dr. Charles Fipke, Chairman of Metalex. Dr. Fipke and John Harvey, P.Eng, a consulting geologist for WSR, prepared this release.

John Archibald, P.Eng. and a Qualified Person, has reviewed the drill core and confirms the visual descriptions described herein. Assay results are pending for all holes completed to date.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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