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Metalex Ventures Ltd. 
Listed Company 

METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 15, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 20, 2015 and August 27, 2015:

Number of Shares: 7,000,000 Flow-through shares
Purchase Price: $0.05 per Flow-through share
Warrants: 3,500,000 share purchase warrants to purchase 3,500,000 shares

Number of Shares: 6,000,000 Non Flow-through shares
Purchase Price: $0.05 per Non Flow-through share
Warrants: 3,000,000 share purchase warrants to purchase 3,000,000 shares

Warrant Exercise Price: $0.07 for a two year period

Number of Placees: 4 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
C. Fipke Holdings Ltd. (Charles Fipke) Y 11,900,000

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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