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Metalex Ventures Ltd. is an exploration-stage company, which is principally engaged in the acquisition, exploration and development of mineral properties. The Company's areas of work are in the James Bay Lowlands area of Northern Ontario, where the Company owns interest in certain mineral claims (Kyle Lake); approximately 62.5% interest in a joint venture with White Pine Resources Inc. and in the Attawapiskat area of Northern Ontario, where the Company has approximately 83.9% contributing interest in the Big Red Diamond Joint Venture, and approximately 82.5% contributing interest in the Dumont Joint Venture. In Quebec, the Company has over 73.5% contributing interest in diamond exploration and over 78.9% contributing interest in non-diamond commodity exploration on various mineral claims. The Company also holds an exploration license in Morocco. Its assets are entirely located in Canada. The Company has not generated revenue from operations.