Ontex Resources Ltd (ONT)

[NYBob]

http://www.goldstoneresourcesinc.com/index.php

[NYBob]

Ontex Resources Limited and Roxmark Mines Limited Finalize Merger
to Form Goldstone Resources Inc.
marketwire

*Companies:
o Ontex Resources Com Npv
o Roxmark Mines Limited (Tier2)

http://investorshub.advfn.com/boards/board.aspx?board_id=1499

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Symbol Price Change
ONT.TO 0.2750 +0.0150
Chart for ONTEX RESOURCES COM NPV

Press Release Source: Ontex Resources Limited and Roxmark Mines Limited On Tuesday December 22, 2009, 9:21 am EST
TORONTO, ONTARIO--(Marketwire - 12/22/09) -

Ontex Resources Limited -
("Ontex") (TSX:ONT - News) and

Roxmark Mines Limited -
("Roxmark") (TSX-V:RMK - News) announced today that they have
combined to form
Goldstone Resources Inc.
("Goldstone"),
a well-positioned exploration company with an extensive property portfolio in the prolific Beardmore-Geraldton Greenstone gold belt. Effective today, the companies' previously announced, proposed merger (the "Transaction") was completed, with Roxmark continuing as a wholly-owned subsidiary of Goldstone.

Pursuant to the Transaction, Ontex also consolidated its common shares on the basis of one post-consolidation share for every three pre-consolidation shares and changed its name to Goldstone while Roxmark amalgamated with a wholly-owned subsidiary of Ontex.

Trading in Roxmark's common shares will be halted on the TSX Venture Exchange (the "TSXV") and its shares are expected to be formally delisted from the TSXV shortly. Goldstone's common shares are expected to commence trading on a consolidated basis on the Toronto Stock

Exchange under Goldstone's new symbol (GRC) on December 24, 2009.

"We are extremely appreciative of the strong support we received from our shareholders in completing this transaction," says J. Patrick Sheridan, Jr., Chief Executive Officer of Goldstone. "We look forward to pursuing a systematic and aggressive exploration program and continuing to build shareholder value."

Pursuant to the Transaction, Roxmark shareholders are receiving one post-consolidation Goldstone common share in exchange for each 3.75 common shares of Roxmark.
Former Roxmark shareholders can obtain certificates for their Goldstone shares by returning their Roxmark share certificates to Equity Transfer & Trust Company in accordance with the instructions set out in the joint information circular dated November 18, 2009 and letter of transmittal mailed to shareholders.

Upon completion of the Transaction and the share consolidation, Goldstone has 98,114,593 common shares issued and outstanding and approximately 108,475,933 common shares on a fully diluted basis.

Board and Management

Goldstone's management is comprised of Gary Conn, Chairman, Chief Operating Officer and Treasurer, J. Patrick Sheridan, Jr., Chief Executive Officer, Monir Younan, President, and George Harrison, Chief Financial Officer. Mr. Younan, former President and Chief Executive Officer of Roxmark, was appointed President of Goldstone, effective with the completion of the Transaction.

Joining Ontex directors Gary Conn, J. Patrick Sheridan, Jr. and Alan Ferry on the company's expanded board are Philip Cunningham, Jeffery Elliott and James Richardson, former Roxmark directors, and Richard Williams. The new directors were elected to the board, effective upon completion of the Transaction, at the recent Ontex special shareholders meeting.

Goldstone would like to thank its outgoing board members Denis Crane and Rob Montemarano for their valuable and dedicated service to the company and Roxmark would like to acknowledge the efforts and contributions of its outgoing director Thomas Atkins.

Goldstone Highlights

The Transaction is expected to provide significant benefits for shareholders of Goldstone, including:

- consolidation of properties in the prolific Beardmore-Geraldton camp, pooling of gold resources, and significant synergies in exploration and development;

- greater market presence;

- diversification of risk;

- a combined board of directors and management team, drawing on the strengths of each company;

- enhanced liquidity, capital market profile and financial strength in challenging times;

- operating efficiencies leading to significant cost reductions;

- a strong position from which to participate in the anticipated future consolidation in the Canadian gold industry; and

- access to Roxmark's Northern Empire Mill Complex.

About Goldstone

Goldstone is a gold exploration and development company operating in
the historically significant Geraldton-Beardmore area.
Goldstone is focused on gold exploration and deposit delineation at
its Brookbank,
Northern Empire,
Leitch-Sand River
and Key Lake gold properties
in the Beardmore Camp in northern Ontario.
In addition, Goldstone owns a 30% carried interest in
the Hardrock Project,
a joint venture with Premier Gold Mines Limited in the Geraldton Camp.
The Brookbank mineral resources at a 3.4 g/t gold cut-off grade
stands at 1.36 million tonnes grading 9.7 g/t gold
containing 424,400 ounces of Indicated resource
and 1.09 million tonnes grading 7.9 g/t gold
containing 276,600 ounces of Inferred resource.
(See National Instrument 43-101 technical report -
"Technical Report on the Brookbank Gold Deposit, Beardmore -
Geraldton Area, Northern Ontario, Canada"
by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR.)

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities laws. Forward-looking information is not comprised of historical facts and includes, but is not limited to, information concerning the merger between Goldstone and Roxmark, the expected benefits of such merger as well as the expected timing of the commencement of trading of Goldstone shares on a consolidated basis and the delisting of Roxmark shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "anticipates", "believes", "may", "could", "would", "might" or "will" or variations of such words and phrases or statements (including in the negative). Forward-looking information reflects Goldstone's and Roxmark's current expectations regarding future results or events and is based on the opinions, estimates and assumptions of their respective management at the date the information is made. Such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Many of these assumptions are based on factors and events that are not within the control of Goldstone or Roxmark and there can be no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include changes in market conditions, variations in ore grade or recovery rates, regulatory approvals, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed in Goldstone's Annual Information Form for the year ended December 31, 2008, Roxmark's management discussion and analysis for the period ended September 30, 2009 and the joint management information circular dated November 18, 2009 (copies of which are available at www.sedar.com).

Although Goldstone and Roxmark have has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither Goldstone nor Roxmark undertakes any obligation to update forward-looking information if circumstances or their respective management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:


Contacts:
Goldstone Resources Inc./Roxmark Mines Limited
J. Patrick Sheridan, Jr.
Chief Executive Officer
[phone]
[e-mail]
http://www.ontexresources.com
http://www.roxmark.com
God Bless

[NYBob]

Ontex Announces the Filing of Third Quarter 2009 Interim Financial Statements, MD&A and Officer Certifications

http://finance.yahoo.com/news/Ontex-Announces-the-Filing-of-ccn-2220577499.html?x=0&.v=1

[dounome]

I just want to mod the board or help out.Your not here much

[dounome]

Yo NYBOB let me have MYNG Board add me firstas assit

[NYBob]

Roxmark & Ontex Merger basic short summary -

apart you have....

Roxmark RMK ex..
with 30% carried interest in Hardrock project and the work
Premier is doing, a permitted mill, a gold deposit at
Northern Empire Gold Mine -
and many of old gold producers that should still hold a lot
of gold with infrastructures in place,
shafs - adits - roads - powerlines etc. and with
Leitch Gold Mines -
one of the most succesfull gold producers in Canada -
Nortoba, Key Lake Gold Mines etc.
a company with appr 200 million shares outstanding,
gold, silver, moly.

Ontex ONT ex.. -
with Brokbank, 800,00 thousand ounces in there
NI43-101 (largest in the camp), but no mill, and years to
build one plus it would cost about 30 million bucks to build
the one Roxmark has, some of the under explored
property in the region. 35 km. of continous mining claims

MERGER COMBINED -
we get ex. -

* a permitted mill 200 tpd, upgradeable to 500tpd. -

* 2 properties combined over 1,000.000 ounces of gold in the
ground with the NI reports to back them up indicated and
inferred ounces.

* Brookbank may and Northern Empire are both permitted for
mining

* both have cash in the bank now we have a bigger bank account

* listing on the TSX not the venture greater exposure

* a new company that when the smoke clears will only have 93
million shares outstanding, about the same a Premier

* hard assets, Roxmark has the mill some heavy equipment and
office in Beardmore, all paid for NO debt between the two

* and the 30% carried interest in the JV in Geraldton Gold
mining camp with Premier. NI 43-101 due in November
sometime.

* Experienced staff on both sides to put this over the edge.

* and the Brookbank deposit is only 20 min. to the mill
easily truckable.

We'll have 93 million shares outstanding. AND???
There are other Gold companies with 100 Million shares and
a share price of 3 $ which do not have a mill nor a NI 43-101

Remember the song: don't worry, be happy ~

HUI Gold Mining Stocks: Major Uptrend In Progress -

The major trend move underway in the Gold Bugs Index -

Although they're more volatile than Gold, if you can position
yourself on the 'right' side of their dominant trend,
investments in fundamentally sound Gold mining shares can be
even more profitable than investing in physical Gold.

Here's a look at the major trend move underway in the Gold
Bugs index, one of the most widely regarded indexes that
scores of precious metals equity traders and investors
rely on.

My, how times do change. Less than a year ago, the share
prices of virtually every senior and junior Gold mining
company were on the proverbial 'ash heap,' and some market
analysts had doubts that the bull run in the precious metals
sector would ever regain a solid footing, much less soar
to new highs.
And yet, that's just what happened - a complete recovery
across the entire sector (including Silver and Silver mining
companies, too), with Gold now at all-time highs and Silver
up more than 100% in less than 12 months.
Even better for those who trade Gold mining stocks,
the Gold Bugs index (which tracks the performance of some
of the biggest and most fundamentally sound Gold miners)
is up a mind-jarring 200% since October 2008 -
and the uptrend doesn't appear to be waning yet.
Let's have a closer look at the weekly technical chart of
the Gold Bugs index and examine the key trend indicators
as see what they may be telling us about the future
trajectory of prices for this volatile and potentially
profitable sector of the market.


Graphic credit: Metastock v.11

Let's start at the top of the chart to focus on recent
developments first;
note the huge, wide-range weekly candle that just printed,
one that took out the prior weekly swing high of 448.31.
As you probably know, the very definition of an 'uptrend'
is that a stock, commodity or index must have a series of
higher highs and higher lows, and that's exactly what we
see on this weekly chart of the Gold Bugs index.
Now, look just below the recent weekly candle and witness
the ever-increasing spread between the 20-week (red line)
and the 50-week (blue line) exponential moving averages
(EMA's).
Note how they are both sloping upward and that the spread
between them is also increasing at a steady rate;
this is a sign of increasing upward momentum in the index.
Moving toward the lower area of the chart, notice that the
Aroon (14) trend intensity index is solidly biased toward
the bullish side of its range (when the blue line is above
the red line and both lines are at opposing extremes, a
powerful uptrend is in motion) even as the Relative Strength
index (RSI)(14) is also in a powerful uptrend.
It's also interesting to note that RSI readings above 60
are usually indicative of a powerful trend move, and with
a current reading of 66.94, we can therefore conclude that
this latest rally in the Gold Bugs index is no fluke.
An interesting side note: Gold (cash basis) is up about 48%
since making a major low late last year (at about $713), but
did you notice that Gold stocks (as represented by the Gold
Bugs index) posted gains of about four times as much during
the same time period?

Does this mean that the shares of Gold mining companies are on
a non-stop ride toward ever-increasing gains?
Not necessarily; in fact, there are strong overhead
resistance areas near 479 and then 520 that will likely act
as (temporary?) consolidation and/or reversal point for
the index.
However, with the monthly chart of the Gold Bugs index
(not shown) also displaying powerful trend characteristics,
there can be little doubt that either of those key resistance
areas will eventually be challenged.
A solid break above 520.00 puts the Gold Bugs index into an
extremely bullish posture, and that's a price level that all
Gold equity traders will be monitoring in the weeks and
months to come.
If the price of Gold also continues to rise (it also
featuring many of the same bullish trend characteristics of
the Gold Bugs index), that will also be extremely favorable
toward those trading the shares of the biggest and most
fundamentally attractive Gold mining companies.

This may be the most exciting time to be a Gold/Gold stock
trader since at least 1979-1980, and if current trends keep
strengthening, we may be on the threshold of an era in the
precious metals markets that will be talked about for
generations to come.
Stay tuned - it's sure to be a fascinating and potentially
profitable time to be involved with the precious metals
markets!

Got RMK - EX..GOLD Spot fiatz$ 10,000.-/oz

ex..

http://investorshub.advfn.com/boards/board.aspx?board_id=1499
imo. tia.
God Bless

[NYBob]

Ontex Resources and Roxmark Mines Announce Merger
TORONTO, ONTARIO -- (Marketwire) -- 10/13/09 --

Ontex Resources Limited -
(TSX: ONT) and

Roxmark Mines Limited -
(TSX VENTURE: RMK)

today announced the joint signing of a binding letter agreement
to combine the two companies in a transaction unanimously
approved by both companies' Boards of Directors.

Under the agreement, Ontex will acquire all of the issued and
outstanding shares of Roxmark at an agreed upon exchange ratio
of one Ontex share for each 1.25 Roxmark shares,
based on both companies' current issued and outstanding shares.

This is equivalent to 0.80 of an Ontex share
on its current basis for each Roxmark share
and represents a 35% premium to Roxmark shareholders
based on the last closing price of both companies and
a 39% premium to Roxmark shareholders based on
the 30-day volume-weighted average share price
of Ontex's and Roxmark's common shares on
the TSX and TSX-V, respectively, as
of October 9, 2009.

Prior to completing the transaction with Roxmark,
Ontex proposes consolidating it's outstanding shares
on a 1-for-3 basis.

It is proposed that, subsequent to the consolidation,
Ontex will issue one share for each 3.75 shares of Roxmark.

In addition, all convertible securities of Roxmark
will be exercisable for shares of Ontex based on
the same exchange ratios.

The arm's length transaction is expected to close on
or before January 31, 2010 and
upon closing Roxmark shareholders will hold
approximately 54% of the combined company,
which will have approximately 92.7 million shares outstanding
on a post consolidation basis.

The new company will be led by the current Ontex management team,
augmented by Roxmark management including Monir Younan,
current President of Roxmark, who is expected to be
appointed as President of Ontex upon completion of
the transaction.

The Board of Directors will be comprised of seven members,
including one new Director and three Directors each from
the current Ontex and Roxmark Boards.

J. Patrick Sheridan, President & CEO of Ontex, stated,
"This transaction builds a critical mass of exploration
properties.
Roxmark's holdings of past producers, combined with Ontex's
established resource base and greenfields exploration
potential creates a very exciting opportunity
for all stakeholders."

Monir Younan, Roxmark President, stated, "Roxmark
has made significant progress in assembling a portfolio
of high quality properties, many of which were past producers
in the Beardmore-Geraldton camp and in advancing
them toward production.
We believe that working in concert with Ontex will provide
substantially greater momentum toward achieving that goal."

"Our stakeholders are being accorded an attractive premium
for their shares, but we firmly believe that the best lies
ahead through equity participation in a combined company
with a strong growth mandate," he added.

TRANSACTION RATIONALE

The proposed business combination will provide significant
benefits for both Ontex and Roxmark shareholders, including:

- consolidation of properties in the prolific Beardmore-
Geraldton camp, pooling of gold resources, and significant
synergies in exploration and development

- greater market presence

- diversification of risk

- a combined Board and management team, drawing on
the strengths of each company

- enhanced liquidity, capital market profile and financial
strength in challenging times

- operating efficiencies leading to significant cost reductions

- a strong position from which to participate in the anticipated
future consolidation in the Canadian gold industry, and

- access to Roxmark's mill for Ontex's future needs.

TRANSACTION DETAILS

Ontex and Roxmark anticipate the business combination
will be carried out by way of three cornered amalgamation
and plan to hold special meetings of shareholders to
approve the transaction and related matters before
the end of December 2009.
Approval would be subject to certain standard conditions,
including that not less than 66 2/3% of the issued
and outstanding shares of Roxmark voted at a shareholders
meeting be voted in favour of the transaction and
shareholder approval of the Ontex share issuance in
connection with the transaction by not less than
a majority of the votes cast by the Ontex shareholders.

The proposed Ontex share consolidation would be subject
to approval by not less than 66 2/3% of the votes cast
by Ontex shareholders in the same shareholders' meeting.

The Board of Directors of both Ontex and Roxmark
unanimously support the proposed Transaction.
Roxmark officers and directors have entered into
Voting Agreements to support the transaction
comprising approximately 21% of Roxmark's outstanding shares.

Ontex officers and directors have entered into Voting Agreements
support the transaction comprising approximately 8.5%
of Ontex's outstanding shares.

Pursuant to the letter agreement, Roxmark and Ontex have
agreed to negotiate in good faith terms of a loan of up
to $1,500,000 from Ontex to Roxmark.
The loan will bear an annual interest rate of 9% and be
secured by certain property of Roxmark.

Ontex will have the right to match any unsolicited superior proposal received by Roxmark. However, in the event that the transaction is terminated as a result of superior offer, Roxmark would be required to pay Ontex a break fee of $1.6 million. Should the transaction be terminated as a result of a competing business transaction involving Ontex, a break fee of $1.6 million would be payable to Roxmark.

Full details of the offer will be described in a joint management information circular to be filed with the regulatory authorities and mailed to Roxmark and Ontex shareholders in accordance with applicable securities laws.

The transaction is subject to customary conditions, including regulatory and shareholder approval and the completion of satisfactory due diligence by each of the parties.

Ontex has engaged Cassels Brock & Blackwell LLP as its legal advisor. Roxmark has engaged McLeod Dixon as its legal advisor.

QUALIFIED PERSONS

The technical data and contents of this news release relating to Ontex have been reviewed by Mr. Augusto Flores Q.P., who is a Qualified Person within the meaning of National Instrument 43-101, with the ability and authority to verify the authenticity and validity of the data.

Also, Peter Bevan, P.Eng., consulting geologist, is the Qualified Person for the information related to Roxmark that is contained in this news release and is a Qualified Person within the meaning of National Instrument 43-101.

ABOUT ONTEX

Ontex is a junior resource company focused on gold exploration and deposit delineation at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure over a 7 kilometres strike length with mineralized zones extending from surface to a depth of at least 800 metres. The mineral resources at a 2.0 g/t gold cut-off grade stands at 1.84 million tonnes grading 7.3 g/t gold containing 421,400 ounces of Indicated and 2.66 million tonnes grading 4.9 g/t gold containing 421,400 ounces of Inferred resource (see National Instrument 43-101 technical report - "Technical Report on the Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario, Canada" by Scott Wilson RPA Inc. dated May 4, 2009 - filed on SEDAR).

ABOUT ROXMARK

Roxmark is a gold and molybdenum exploration and development company operating in the Geraldton-Beardmore area. In the Beardmore camp, Roxmark is pursuing a number of initiatives including re-opening the Northern Empire Mine and its onsite mill and expanding the resource base at the nearby Leitch-Sand River Mine, once one of Canada's richest and now 100% owned by the Company. Operated from 1937 to 1965 the Leitch Mine processed 906,395 tons of ore with a recovery of 0.92 tons of gold per ton, yielding 860,648 oz. gold at $35 per ton. Like the nine other previously producing mines on Roxmark lands, the Leitch Mine was open at depth.

A 2008 National Instrument 43-101-compliant report on The Northern Empire Mine identified 86,652 tonnes of ore grading 10.70g.Au/t, containing 29,807 ounces of indicated gold resources; and 64,748 tonnes grading 9.95g.Au/t, containing 20,719 ounces of inferred gold resources, at shallow depths over a limited drilled strike length of the Contact and Power Zones. In addition, Roxmark is an active participant (with a 30% carried interest) in The Hardrock Project, a joint venture with Premier Gold Limited to develop a number of Geraldton Camp properties. In 2009, as operator, Premier is spending an estimated $8 million dollars to carry out a three-drill, 50,000-metre program to delineate resources on Project lands directed at establishing thresholds for early commercial development by both open-pit and underground mining. In addition, Premier has recently secured funding that will assure a robust drilling program for The Hardrock Project in 2010.

In recent years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted, upgraded Northern Empire mill near Beardmore and has the advantage of infrastructure from the formerly productive gold mines located on its properties which generated 4 million ounces of gold before being shut down due to a $35 gold price and boundary issues since resolved through consolidation.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and United States securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between Ontex and Roxmark and matters relating thereto. 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 statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Many of these assumptions are based on factors and events that are not within the control of Ontex or Roxmark and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed in Ontex's Annual Information Form for the year ended December 31, 2008 and Roxmark's management discussion and analysis for the period ended June 30, 2009 and, available at www.sedar.com. Although Ontex and Roxmark have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Ontex and Roxmark undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.





Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Ontex Resources Limited

J. Patrick Sheridan

President & CEO

[phone]

[e-mail]

www.ontexresources.com



Roxmark Mines Limited

Monir Younan

President

[phone]

[e-mail]

http://www.roxmark.com

[NYBob]

Ontex: NI 43-101 Resource Report Received and Exploration Update
posted on May 15, 09 09:54AM


LONDON, ONTARIO-(May 15, 2009) - Ontex Resources Limited (TSX:ONT) is very pleased to announce that it has received the full updated independent Technical NI 43-101 Report on the mineral resources estimate on the Brookbank Gold Deposit and property from Scott Wilson Roscoe Postle Associates Inc ("Scott Wilson RPA"). The full report has been filed on SEDAR or can be accessed from the Home page of the Ontex web site at http://www.ontexresources.com/. The mineral resource estimates with tables at 2.0 gram per tonne and 3.4 gram per tonne cut-off grade were previously press released March 30, 2009 and the 2.0 gram per tonne cut-off grade summary of resources are reproduced below.

Six holes, including one wedge hole, have been completed on the 2009 planned $2.3 million, 15,000 meter diamond drill program which began in late March. The initial drilling is targeting the Brookbank Gold Deposit to expand the known resource on the west flank (3 holes) of the deposit, on the east flank (1 hole) and at depth below 1000 meters (1 hole + wedge hole). All 6 holes intersected the Brookbank target structure and the samples have been split and submitted to the laboratory for assaying. The drill program has been stopped to provide for a 10 day break for the Bradley Bros. drill crew and Ontex geological personnel and will resume by the 4(th) week of May.

Ken Reading, a very well regarded explorationist, has headed to the property to initially oversea the linecutting and soil geochemistry program being undertaken to the east of the Brookbank Deposit to delineate a new drill target originally prospected in the 1980's and more recently highlighted on the airborne geophysics. Mr. Reading's primary objective in 2009 will be to understand and help locate additional local structures on the property which host gold mineralization.

The Company is planning to substantially ramp-up exploration by mobilizing a second diamond drill and has recently added two experienced geologists to its field crew. This represents the most aggressive program to date for the Company as it continues to expand resources and drill 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 and deposit delineation at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure over a 7 kilometers strike length with mineralized zones extending from surface to a depth of at least 800 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, 2008, 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

CONTACT INFORMATION:

Ontex Resources Limited
John Thompson
President
(51...

or

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
[phone]
[e-mail]

[NYBob]

THE BROOKBANK GOLD DEPOSIT PROPERTY
BEARDMORE – GERALDTON AREA, NORTHERN ONTARIO



LOCATION AND ACCESS:

The Brookbank Property comprises approximately 682 mining
lease and staked claims located in the Thunder Bay Mining
Division, 175 km northeast of the City of Thunder Bay,
in the 42 E/12 NTS quadrant at approximately 49•, 43’
North Latitude, and 87•, 50’ West Longitude.

The property consists of a 35 km long continuous block
of staked and leased claims in Irwin, Sandra, Walters
and Leduc Townships extending north of the Trans Canada
highway (Hwy 11) between Beardmore and Jellico.

The Brookbank Property
can be accessed by a series of gravel roads extending
north from the east – west trending Trans Canada Highway.

The Brookbank Gold Deposit
can be accessed from Windigokan Lake Road that extends 8 km
north from the Trans Canada Highway, 14 km east of
the town of Beardmore.

Learn More About the Brookbank Gold Deposit Property
http://www.ontexresources.com/brookbank.shtml

[NYBob]

Ontex Resources Com (TSE:ONT)
Last Price (CAD)
$ 0.38
Change
▼ -0.025 (-6.17%)
Bid 0.38
Ask 0.39
Volume 133,000
Day's Range 0.38 - 0.40
Last Trade 1:52:03 PM EDT
Click for Detailed Quote Page

THE BROOKBANK GOLD DEPOSIT

Presently drilling and advancing the largest NI 43-101 resource
estimate in the Beardmore – Geraldton region of Northern Ontario

Indicated: 1.8 million tonnes grading 7.3 g/t gold containing 432,300 oz.

Inferred: .2.7 million tonnes grading 4.9 g/t gold
containing 421,400 oz.

Known gold mineralization over strike length of 7 Km.

Large land package (688 claims);
surrounded by Kodiak Resources and in proximity to
Premier Gold / Roxmark’s Geraldton Project

35 km strike length property trending parallel to nearby Highway #11.

Located in historical mining camp which has produced over 4 million oz gold

Learn more about the Brookbank Gold Deposit

[NYBob]

Ontex Resources Com (TSE:ONT)
Last Price (CAD)
$ 0.24
Change
◊ 0
Bid 0.24
Ask 0.25
Volume 50,000
Day's Range 0.24 - 0.24
Last Trade 9:35:23 AM EDT
Click for Detailed Quote Page

[NYBob]

LATEST NEWS RELEASE - MAY 15, 2009

For Immediate Release

NI 43-101 RESOURCE REPORT RECEIVED AND EXPLORATION UPDATE

May 15, 2009. London, Ontario – Ontex Resources Limited (TSX: ONT) is very pleased to announce that it has received the full updated independent Technical NI 43-101 Report on the mineral resources estimate on the Brookbank Gold Deposit and property from Scott Wilson Roscoe Postle Associates Inc (“Scott Wilson RPA”). The full report has been filed on SEDAR or can be accessed from the Home page of the Ontex web site at http://www.ontexresources.com/. The mineral resource estimates with tables at 2.0 gram per tonne and 3.4 gram per tonne cut-off grade were previously press released March 30, 2009 and the 2.0 gram per tonne cut-off grade summary of resources are reproduced below.
Brookbank Gold Deposit 2.0 g/t Au Cut-off Compilation
Zone Indicated Inferred
Tonnes Un-Cut
Au g/t Un-Cut
Au oz
Tonnes Un-Cut
Au g/t Un-Cut
Au oz
2009 43-101 Rpt 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 Brookbank, Cherbourg & Foxear Zones estimated by Scott Wilson RPA (2009)
2 Irwin Zone estimated by Thompson (2006)

Six holes, including one wedge hole, have been completed on the 2009 planned $2.3 million, 15,000 meter diamond drill program which began in late March. The initial drilling is targeting the Brookbank Gold Deposit to expand the known resource on the west flank (3 holes) of the deposit, on the east flank (1 hole) and at depth below 1000 meters (1 hole + wedge hole). All 6 holes intersected the Brookbank target structure and the samples have been split and submitted to the laboratory for assaying. The drill program has been stopped to provide for a 10 day break for the Bradley Bros. drill crew and Ontex geological personnel and will resume by the 4th week of May.
Ken Reading, a very well regarded explorationist, has headed to the property to initially oversea the linecutting and soil geochemistry program being undertaken to the east of the Brookbank Deposit to delineate a new drill target originally prospected in the 1980’s and more recently highlighted on the airborne geophysics. Mr. Reading’s primary objective in 2009 will be to understand and help locate additional local structures on the property which host gold mineralization.

The Company is planning to substantially ramp-up exploration by mobilizing a second diamond drill and has recently added two experienced geologists to its field crew. This represents the most aggressive program to date for the Company as it continues to expand resources and drill 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 and deposit delineation at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure over a 7 kilometers strike length with mineralized zones extending from surface to a depth of at least 800 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, 2008, 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.

For further information, please contact:
John Thompson, President
Email: [e-mail]
[phone]

Gary Conn, Chairman and Chief Executive Officer
Email: [e-mail]
[phone]


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


Click here to view this article in PDF format
http://www.ontexresources.com/latest_news.shtml

[Dobie Lama]

Greetings,
What impact on share price did the NI have when it was released on May 4, 2009? Also, what is the total resource value that was listed in the NI of the properties that were analyzed?

Does Ontex own more properties than were listed in the NI?

Thanks.

[NYBob]

Ontex Resources Com Npv (TSE:ONT)
Last Price (CAD)
$ 0.185
Change
▲ 0.005 (2.78%)
Bid 0.16
Ask 0.185
Volume 264,620
Day's Range 0.15 - 0.185
Click for Detailed Quote Page
Last Trade:15:38:18 EDT May-12-09

[NYBob]

Ontex Resources Com Npv (TSE:ONT)
Last Price (CAD)
$ 0.22
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▼ -0.015 (-6.38%)
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Ask 0.23
Volume 110,275
Day's Range 0.22 - 0.22
Click for Detailed Quote Page
Last Trade:15:59:48 EST Mar-6-09

[NYBob]

Ontex Resources Com Npv (TSE:ONT)
Last Price (CAD)
$ 0.185
Change
▼ -0.005 (-2.63%)
Bid 0.175
Ask 0.185
Volume 45,318
Day's Range 0.17 - 0.185
Click for Detailed Quote Page
Last Trade:15:08:57 EST Jan-14-09

[NYBob]

ONTEX RESOURCES COM NPV
(Toronto: ONT.TO)
Last Trade: 0.18
Trade Time: 3:39PM ET
Change: Up 0.01 (9.09%)
Prev Close: 0.165
Open: 0.17
Bid: 0.16
Ask: 0.18
1y Target Est: N/A
Day's Range: 0.14 - 0.18
52wk Range: 0.12 - 0.60
Volume: 170,080
Avg Vol (3m): 66,241.5
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)

http://finance.yahoo.com/q?s=ONT.TO

[NYBob]

ONTEX RESOURCES COM NPV
(Toronto: ONT.TO)
Last Trade: 0.18
Trade Time: Oct 17
Change: Down 0.09 (32.08%)
Prev Close: 0.265
Open: 0.21
Bid: 0.18
Ask: 0.20
1y Target Est: N/A
Day's Range: 0.17 - 0.22
52wk Range: 0.18 - 0.92
Volume: 101,610
God Bless

[NYBob]

ONTEX RESOURCES COM NPV (Toronto: ONT.TO)
Last Trade: 0.3150 Trade Time: 2:10PM ET
Change: Down 0.0050 (1.56%)
Prev Close: 0.32
Open: 0.35
Bid: 0.3150
Ask: 0.3500
1y Target Est: N/A

God Bless

[NYBob]

Ontex Res J (V.ONT) $0.34 -$0.04 (-10.53%)
Volume: 87.5 k
3:48 PM EDT Mar 28, 2008

[NYBob]

Ontex Res J (V.ONT) $ 0.405 -0.03 (-6.90%)
Volume: 42.92 k
3:59 PM EST Feb 6, 2008