LONDON, ONTARIO-(July 9, 2009) - Ontex Resources Limited (TSX:ONT) is very pleased to announce that ten holes, including one wedge hole, totaling 5057 meters have been completed and assays received on the 2009 planned $2.3 million, 15,000 meter diamond drill program which began in late March. The initial drilling targeted the Brookbank Gold Deposit to expand the known resource on the west flank of the deposit, on the east flank and at a depth about 950 meters. All 10 holes completed intersected gold mineralization.

The highlight of the diamond drilling was hole B-09-10 which averaged 21.1 grams gold per tonne over 10.6 meters of core within the main mineralized zone at a vertical depth of about 500 meters below surface. This composite intersection included 59.1 grams gold per tonne over 3.4 meters core width. This hole extended the Brookbank Zone gold mineralization 30 meters vertically below hole B-08-10 that was drilled in 2008 and which assayed 36.7 grams gold per tonne over 9.4 meters core length (see PR dated December 18, 2008).

Drill holes B-09-01, B-09-02, B-09-03 were step out holes targeting west of the Brookbank Zone between 50 meters and 200 meters below the surface horizon. Hole B-09-01 intersected 1.3 grams over 1.3 meters. Hole B-09-02 cored the Hanging Wall Zone and intersected 1.97 grams gold per tonne over 8.5 meters and the Main Brookbank Zone which assayed 3.98 grams gold per tonne over 2.6 meters core length. The Hanging Wall and Main Zones are about 15 meters apart in the core (8 meters true width) in this drill hole. Hole B-09-03, the most westerly step out, intersected low grade mineralization over 2.8 meters at the volcanic-conglomerate contact. Hole B-09-04 targeted the Brookbank Zone on the east side of the deposit at about the 250 meter depth and intersected 1.3 grams gold per tonne gold over 1.3 meters core width.

Holes B-09-05, B-09-05WD and B-09-07 targeted the Brookbank structure about 950 meters below the surface horizon. The holes sequentially targeted the Brookbank Zone from west to east and returned values of 1.32, 5.18 and 17.5 grams per tonne gold over narrow widths respectively. Values and widths increased trending eastward.

Holes B-09-06, B-09-08 and B-09-09 targeted the main Brookbank Zone at depths below the surface horizon between 250 and 350 meters. The holes were drilled to increase the confidence in the known mineralization by decreasing the distance between adjacent drill hole intercepts to less than 50 meters apart. Hole B-09-06 intersected 5.4 grams gold per tonne gold over 15.3 meters core width, hole B-09-08 intersected 11.6 grams gold per tonne over 7.8 meters core width and hole B-09-09 intersected 6.3 grams gold per tonne gold over 9.7 meters core width.

The wedge hole B-09-07WD, targeting an additional 50 meters to the west of B-09-07, intersected an approximately 15 meter thick sheared pyrite-rich section of the main Brookbank Zone. Assays for this core intercept are pending.

In its ongoing effort to expand the 100% owned Brookbank Gold Deposit, Ontex has discovered silver veining in the deepest holes drilled to date. At about 650 meters down holes B-09-05 and B-09-05WD silver values were intersected of 10 grams over 1.5 meters and 23.2 grams over 1.1 meters respectively.

The Company has substantially ramped up exploration by mobilizing a second diamond drill. More geologists are being mobilized to the site. A geological team is actively reviewing old maps and reports and compiling the data to look for other potential exploration targets.

The Brookbank Gold Deposit is structurally controlled within a splay off the regional Paint Lake Fault. A well known consulting company has been tasked to undertake a structural geology study of the Brookbank Deposit and surrounding property in an effort to prioritize areas for follow-up work.

The Company has also requested quotes for conducting ground IP geophysics on favourable structures that may be identified by the structural study and analysis.

A prospecting/geology, linecutting and soil geochemistry program is in progress within 2 kilometers to the east of the Brookbank Deposit to delineate a new drill target. This area was originally prospected in the 1980's and more recently highlighted by airborne geophysics. Grab sampling has returned values of up to 23 g/t gold from an altered shear zone that has an apparent width of up to 3 meter wide. A backhoe is presently stripping this gold showing prior to geological mapping and detailed sampling.

The company is embarking on its the most aggressive program to date as it continues to expand the resources at its 100% owned Brookbank Gold Deposit and ramping up exploration on the property seeking additional Brookbank style gold deposits on its 35 km strike length property.

The drill core is being logged and split on site and half-core samples analyzed employing the appropriate gold fire assaying techniques at an independent laboratory, Swastika Laboratories of Swastika Ontario with check assaying at Actlabs Ltd., Thunder Bay, Ontario. A QA/QC program is being employed consisting of duplicate samples, insertion of known standards and check assaying.

The data herein and the contents of this news release have been reviewed by John P. Thompson, P.Eng., who is a Qualified Person within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data. Armen Chilian, P.Geo., Vice-President of Exploration, is the Qualified Person who is executing the drilling program 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 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 NI 43-101 technical report - "Technical Report on the Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario, Canada" by Scot Wilson RPA Inc. dated May 4, 2009 - filed on Sedar). 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
Pat Sheridan jr.
President and Chief Executive Officer
info@ontexresources.com

or

Ontex Resources Limited

Gary Conn
Chairman and Chief Operating Officer
(519) 455-8127
info@ontexresources.com

Dear Ontex Shareholders,

In our ongoing efforts to provide market information and/or commentary, we are pleased to provide you, with Industry Sector Bulletins discussing current market opinions regarding Gold.

Regards,
AGORACOM

INDUSTRY BULLETIN: Job woes? Experts say gold mining to become a growth industry amid recession

By Amy Fuller

Job seekers watching employment prospects wither and lay-offs mount amid the recession might consider joining the gold rush, and a northern Ontario school is hoping to educate that next wave of underground workers.

Many investors see gold as a hedge against inflation - when the dollar sheds value and can't buy as much, people hoard gold. In recent years, the price has hovered under US$1000 an ounce.

Mining consultant Alan Gorman says base metal prices dropped considerably after the economy collapsed last year. Now, companies are doing more exploration for gold, hoping to revive old mining sites or find new ones in Canada and Africa.

Gorman says companies like Vale Inco, Xstrata and Teck Cominco that primarily produce base metals have either closed mines or made cutbacks over the last nine months. Those that focus on gold, such as Barrick Gold Corp. and Kinross Gold Corp., are "on the upswing."

"In terms of new employment, I'd say you'll probably see more happening with the gold companies."

Someone has to extract the precious metal, and it's not a matter of simply shaking a pan and plucking out the nuggets.

The northern Ontario town of Haileybury is home to a mining school that hopes to benefit from a spike in applications as the gold sector enjoys a bull market.

Don Hillier, a professor at the Haileybury School of Mines about three hours northeast of Sudbury, Ont., runs a mining engineering technician program that prepares students for careers ranging from entry-level to management.

Over the course of two years, students complete modules by watching lectures and reading study guides online. Subjects include math, physics and chemistry, as well as technical communication and safety.

"A mine is like a miniature city," Hillier says, explaining the emphasis on technical coursework. "They can have their own water treatment plant, garages, and some even have their own hydro facilities."

Mines employ a variety of people, from engineers to pipe fitters to welders, "not just mining people per se," Hillier says. "They constitute only about one per cent of the overall workforce."

Until two years ago, the technician program required that students study at the Haileybury campus of Northern College of Applied Arts and Technology. Now, students enrol from as far afield as the Northwest Territories or Alberta.

In many cases, they continue with full-time jobs and study part-time, travelling to Haileybury only two weeks per year for the practical portion of the program.

The new online format is modelled after a graduate mining engineering program at the Missouri University of Science and Technology. Hillier says it works well for parents with school-age kids who can study without uprooting their children.

While he would like to incorporate more hands-on learning, it's difficult to arrange. Students have to take time off work and travel long distances to attend.

In May, three students graduated from the re-vamped technician program. The inaugural class began with 22, but many are studying part-time and will take longer than two years to finish.

Graduate Pamela Sword of Thunder Bay, Ont., came to the program in her mid-40s after a 25-year career as an insurance underwriter. Tired of adjusting to multiple buyouts, she took a voluntary severance package and enrolled at Haileybury.

Online study allowed moves to Sudbury, Marathon and Thunder Bay, Ont., so her husband could focus on his career as a mining co-ordinator. Sword also chose Haileybury for its emphasis on geology, a personal fascination.

She says the program is a good option for people who have been laid off from other sectors, particularly if they have technical experience or live in remote areas with mine facilities nearby. Sword had no technical background and found the math requirements difficult. She studied close to 12 hours a day and graduated with honours.

For the hands-on portion of the program, students wear mine lamps, hard hats, steel-toed boots and reflective overalls. They venture into an old exploration adit, a horizontal tunnel drilled in the side of a hill, to practise checking for loose material and surveying.

"We learned that bats look really large when you're looking through the scope of a total station," Sword says, laughing.

Graduates of the technician program without previous mining experience can expect a starting wage of $45,000 a year, or a minimum of $20 an hour, Hillier says. Companies generally offer bonuses or extra compensation for working in isolated areas.

Sword is now three weeks into a job as a geologist technician with Australian-based Magma Metals Ltd. She says Magma is exploring for precious metals such as gold, platinum, nickel and copper.

"They have a really good showing here in Thunder Bay."

Sword said she loves spending her days with a geologist at camp sites, looking for and identifying minerals.

"When you get magma intrusions and it changes the rock and minerals leak out, it's just, wow."

The work environment is a big change, though. During her first week, she used a four-wheeler to back a boat into a lake with mineral deposits at the bottom. She also carries 20-to 30-kilogram boxes full of rocks.

"Technicians get to do all the hard stuff," she says.

Cambrian College in Sudbury offers a similar two-year mining engineering technician program. Students at Cambrian can extend their studies by one year to study geological engineering technology or mining engineering technology.

Link to Article

LONDON, ONTARIO-(June 3, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Ontex Resources Limited (the "Company") (TSX:ONT) is pleased to announce that J. Patrick Sheridan Jr. has been appointed as President and Chief Executive Officer of the Company. In connection with Mr. Sheridan's appointment, Gary Conn has resigned as Chief Executive Officer of the Company and continues as Chairman, Chief Operating Officer and Treasurer of the Company and John Thompson has resigned as President of the Company. All management changes are effective immediately.

"Patrick's appointment and the proposed private placement are important developments in Ontex's continuing evolution," said Mr. Conn. "We appreciate the contributions that the team has made to bring this deal to fruition."

Mr. Conn has served as a director and/or officer of the Company since 1998. Mr. Sheridan is currently the Chief Executive Officer of Guyana Goldfields Inc. and President and Chief Executive Officer of Coronation Minerals Inc.

The Company is also pleased to announce a non-brokered private placement to raise gross proceeds of up to $5,000,000 comprised of up to 12,500,000 flow-through common shares ("FT Shares") of the Company at a price of $0.20 per FT Share and up to 12,500,000 non-flow-through units ("Units") at a price of $0.20 per Unit. Each Unit shall be comprised of one common share and one common share purchase warrant ("Warrant"). Each Warrant shall be exercisable for one common share at a price of $0.35 per Warrant for a period of 18 months. Insiders of the Company may purchase up to 25% of the private placement.

The Company proposes to issue up to 500,000 finder's warrants ("Finder's Warrants") in connection with the private placement. Each Finder's Warrant shall be exercisable for one Unit at a price of $0.20 per Finder's Warrant.

Completion of the private placement remains subject to regulatory and shareholder approval.

The Company intends to seek shareholder approval for the proposed private placement at its forthcoming shareholders meeting ("Meeting") which is being rescheduled from June 25, 2009 to July 3, 2009. At the Meeting, the following persons will be nominated to be elected as directors of the Company: Gary Conn, Denis Crane, Alan Ferry, Robert Montemarano and J. Patrick Sheridan Jr. Messrs. Conn, Crane and Montemarano are existing directors of the Company. Mr. Ferry is an independent business person and was formerly the Vice President, Metals and Minerals, a mining analyst and a mining corporate finance specialist for Dominick & Dominick Securities Inc.

The proceeds from the sale of the FT Shares will be used for further exploration of the Company's properties and the proceeds from the sale of the Units will be used for general working capital purposes.

The Company intends to file and mail an amended management information circular in connection with the Meeting shortly.

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 the Company's future financing plans. 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks associated with the proposed private placment as well as those risk factors discussed in the Company's Annual Information Form for the year ended December 31, 2008, available on www.sedar.com. Although the Company 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. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman, Chief Operating Officer and Treasurer
(519) 455-8127
Email: info@ontexresources.com
Website: www.ontexresources.com or www.agoracom.com/IR/Ontex

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
(519) 455-8127

or

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
info@ontexresources.com
www.agoracom.com/IR/Ontex

(1) Consolidated Financial Statements for the quarter ended March 31, 2009;

(2) Management's Discussion and Analysis for the quarter ended March 31, 2009;

ONTEX RESOURCES LIMITED

Gary Conn, Chairman & CEO.

Neither the Toronto Stock Exchange, nor any securities Regulatory Authority has approved or disapproved of the contents of this news release.

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman & CEO
(519) 455-8127

or

Ontex Resources Limited
George Harrison
CFO
(519) 455-8127
info@ontexresources.com
www.ontexresources.com

LONDON, ONTARIO-(March 30, 2009) - Ontex Resources Limited (TSX:ONT) is very pleased to report on its newly updated independent NI 43-101 mineral resources estimate very recently received from Scott Wilson Roscoe Postle Associates Inc ("Scott Wilson RPA") on the Brookbank Gold Deposit and property.

Three recent diamond drilling programs comprising 35 drill holes totaling 10,510 meters have increased the total gold mineral inventory by 23% over the equivalent 2006 resource estimate. The Brookbank Gold Deposit property total gold resources at a 2.0 gram per tonne cut-off grade and with high values not cut are provided below for comparative purposes with the 2006 resource and have now increased to:

For the Brookbank, Cherbourg and Foxear Deposits, Scott Wilson RPA has estimated both the un-cut and cut gold Indicated and Inferred Resources for 2.0, 3.0 and 3.4 grams gold cut-off grade. The new Scott Wilson RPA NI 43-101 compliant Indicated and Inferred mineral resources at a 3.4 g/t cut-off grade, conforming to the CIM Definition Standards for Mineral Resources dated March 25, 2009 are presented in the following link:

The recent drilling has expanded the mineral resources along strike by 200 meters towards the east. The main Brookbank Gold Deposit model now has gold mineralization over a strike length of 800 meters and to a depth of over 800 meters. Scott Wilson RPA has recommended 43 strategically designed holes be drilled on the Brookbank Property to add gold resources to inventory and to upgrade Inferred resources to the Indicated category. Drill and camp mobilization for a $2.3 million diamond drilling program designed to further increase the gold resources on the property and bring the project closer to a potential production decision is now mobilizing. Ontex continues to have the largest gold resource in the Beardmore - Geraldton Gold Belt and with the new NI 43-101 we are well on our way to make 2009 the best year ever.

Ontex Chairman and CEO Gary Conn said, "Gold discovery costs to Ontex to delineate the new NI 43-101 compliant Indicated and Inferred resource at a 3.4 g/t cut-off (uncut) are only just over $8 per ounce of gold for drilling. It is far more cost effective to find a gold mine by drilling on your own land than to go out and acquire a gold deposit providing you have the right property."

This is expected to be a very exciting year for growth in Ontex. We expect to significantly add to the gold ounces in the ground with our 2009 $2.3 million diamond drilling program. Our objective is to increase the mineral resources substantially this year. Ontex is actively in discussions with senior mining companies.

The Company has contracted Bradley Bros. Limited for the 2009 diamond drill contract. The Company's goal is to begin drilling as soon as mobilization is completed and to continue aggressively throughout the year. Such an "all-out" program will provide the basis for a future NI 43-101 resource estimate increases - anticipated for January 2010.

Ken Reading, a very well regarded explorationist, will be heading to the property to begin evaluations starting in May. Mr. Reading's primary objective will be to understand and help locate additional local structures which host the gold mineralization that have been co-active with the main conglomerate/volcanic gold-enriched contact at the Brookbank and Cherbourg properties. He will work closely with Ontex throughout 2009.

The Company welcomes everyone to the 2009 Northwestern Mines and Minerals Symposium in Thunder Bay on April 8th, where it will present a talk on 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 at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers with mineralized zones extending from surface to a depth of at least 600 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, 2007, 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

(905) 844-2008

or

Ontex Resources Limited

Gary Conn

Chairman and Chief Executive Officer

(519) 455-8127

Email: info@ontexresources.com

Website: www.ontexresources.com

LONDON, ONTARIO - (March 26, 2009) - Ontex Resources Limited (TSX:ONT)("Ontex") today announced that it has filed the following disclosure documents:

(1) Annual Information Form for the year ended December 31, 2008;

(2) Certification of Annual Filings filed under Multilateral Instrument 52-109.

ONTEX RESOURCES LIMITED

Gary Conn, Chairman & CEO

Neither the Toronto Stock Exchange, nor any securities Regulatory Authority has approved or disapproved of the contents of this news release.

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman & CEO
(519) 455-8127

or

Ontex Resources Limited
George Harrison
CFO
(519) 455-8127
info@ontexresources.com
www.ontexresources.com

LONDON, ONTARIO-(March 16, 2009) - Ontex Resources Limited ("Ontex") (TSX:ONT) today announced that it has filed the following disclosure documents:

(1) Consolidated Financial Statements for the years ended December 31, 2008 and 2007;

(2) Management's Discussion and Analysis for the year ended December 31, 2008;

ONTEX RESOURCES LIMITED
Gary Conn, Chairman & CEO

Neither the Toronto Stock Exchange, nor any securities Regulatory Authority has approved or disapproved of the contents of this news release.

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman & CEO
(519) 455-8127

or

Ontex Resources Limited
George Harrison
CFO
(519) 455-8127
Email: info@ontexresources.com
Website: www.ontexresources.com

LONDON, ONTARIO-(March 11, 2009) - Ontex Resources Limited (TSX:ONT) is pleased to announce the appointment of George Harrison as Chief Financial Officer of the Company.

Mr. Harrison, a Certified Management Accountant, has public and private company experience. He most recently served as Vice President, Finance of Underlines Inc., a London, Ontario-based direct-sales company that does business as Optionelle. A graduate of McMaster University, Mr. Harrison previously served as Chief Financial Officer of Beta Brands Inc, a former publicly-traded company, and as Vice President, Finance of its principal operating subsidiary, which manufactured and distributed confectionery and baked goods.

"We are very pleased to have George join the Ontex management team," said Ontex Chairman & CEO Gary Conn. "He brings with him a variety of experiences and we look forward to his contributions to Ontex.

The appointment of Mr. Harrison comes as Peter Pistor has resigned his position to pursue other opportunities. "We would like to wish him the best in his future endeavours," added Mr. Conn.

About Ontex Resources Limited

Ontex Resource Limited is a junior resource company focused on gold exploration at its Brookbank Gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario dated April 28, 2006 - filed on Sedar.) The Company s common shares trade on the Toronto Stock Exchange under the symbol ONT.

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

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman & Chief Executive Officer
(519) 455-8127

or

Ontex Resources Limited
John Thompson
President
(905) 844-2008
Email: info@ontexresources.com
Website: www.ontexresources.com

Hedge Fund Investors Turn To Gold In Bet Against Central Banks

By Henny Sender in New York and Javier Blas in London

Published: March 9 2009 02:00 | Last updated: March 9 2009 02:00

Hedge fund investors who made money last year by betting against investment banks are buying gold as a way of betting against central banks.

The gold bulls include David Einhorn, founder of hedge fund Greenlight Capital, who last year came under the spotlight for his short selling of shares in Lehman after arguing that the bank did not have enough capital to offset its exposure to falling property prices.

Other funds looking at gold include Eton Park and TPG-Axon, investors said.

Their belief in bullion is being expressed even as gold prices have retreated from last month's break above the $1,000 an ounce level. Spot gold in London closed on Friday at $939.10, after falling last week to $900.95 an ounce.

Investors such as Mr Einhorn are turning to gold because they are worried about the response of the US Federal Reserve and other central banks to the economic crisis. A bet on gold is a bet against paper currencies.

"The size of the Fed's balance sheet is exploding and the currency is being debased. Our guess is that if the chairman of the Fed is determined to debase the currency, he will succeed," Mr Einhorn wrote to investors.

"Our instinct is that gold will do well either way: deflation will lead to further steps to debase the currency, while inflation speaks for itself."

Mr Einhorn's comments - and the revelation that he is buying gold - are in line with the views held by other institutional investors in Europe, according to bankers in London.

The head of commodity sales at one bullion bank told the Financial Times that he had never been so busy dealing in gold for large investors.

Goldman Sachs, Morgan Stanley and UBSforecast that the gold price would rise above $1,000 this year.

Peter Munk, chairman of Barrick Gold, the largest bullion miner, told investors last week that all countries had embarked on policies that would favour gold.

"The only option to governments is to print and print more money," he said. "That will end in tears."

Hedge funds had avoided gold because it does not produce yield and costs money to store and insure. But that has become less important as central banks have pushed interest rates to nearly zero, reducing the yields on currencies.

"Basic Facts about Gold"-Jim Anthony-Chairman-Seabridge Gold
Friday, 27th February 2009

There are about 5 billion ounces of above ground gold supply worth about USD 5 trillion at current prices. Less than 5% trades annually. The above ground gold supply is growing at about 1.5% annually, the 300 year average.

New gold supply is price inelastic. If you double the gold price, production will fall as miners extend precious mine life by processing lower grades through fixed rate capacity. Building new capacity is the work of decades. Re-opening old mines is difficult and expensive and there are few worthwhile opportunities which have not been exploited. Meanwhile, discovery rates are declining, discovery costs are rising, mines are depleting and production is falling at about 5% per year. The world's best gold deposits have been found and mined.

Gold's highest and best use is in a vault as a store of value. It is not a commodity. Jewelry 'consumption' of gold is a traditional store of value. The industrial/medical uses of gold are diminimus. If gold had important other uses, there would be less of it and the price would be lower because it would be valued as a commodity subject to substitution effects. No other substance has the unique properties and a supply sufficient to act as an ultimate store of value which is why gold has had this role for at least 6000 years.

Gold is therefore a financial asset in physical form and sometimes a currency. It goes up in price when confidence in other financial assets [stocks, bonds] is falling and falls when confidence in these alternatives is rising.

Other financial assets have the advantages of convenience and income. Gold's advantage is that it is final settlement anywhere in the world. Gold backs itself whereas other currencies and financial assets merely represent, and depend upon, the countries and companies which issue them and stand behind them. Gold is a currency without a country or central bank...there is no issuer to inflate supply or default on its obligations.

There are approximately USD 140 trillion in other financial assets world-wide so the current value of above ground gold is about 4% of this total. In 1980, when inflation weakened confidence in stocks and bonds, the ratio was greater than 25%. It currently requires about 8 ounces of gold to buy the Dow, down from 44 in 1999. In 1980, the ratio reached 1 to 1.

Gold has no P/E or other standard valuation metric. Its price can go where the market decides. How much will the owners of USD 140 trillion in financial assets pay to protect themselves from deflation, inflation or default?

James S. Anthony

LONDON, ONTARIO-(Feb. 24, 2009) - In anticipation of a second consecutive successful year, Ontex Resources Limited (TSX:ONT) is pleased to provide an update on its planned 2009 activities.

Ontex continues its aggressive approach with an annual exploration budget in excess of $2.3 million for the second year in a row. Diamond drilling is expected to commence in March and is targeted to continue expansion of resources within the 7 kilometer mineralization corridor centered on the Brookbank Gold deposit.

Drill results in 2008 were exceptional. Higher gold values have never been encountered over such impressive widths in the entire history of drilling in the Beardmore-Geraldton area. This strongly emphasizes the potential for the Brookbank deposit to host extensive gold resources both along strike and at depth. The system remains wide open in all directions, demonstrating the enormous potential to locate additional gold with every future drill program.

The Company will finalize a drilling contract this month and due to the global economic decline, drilling costs in 2009 are expected to be about 65% of the costs incurred in 2008. This will allow for significantly more drilling and more gold resource delineation for the same expenditure.

The Company also welcomes legendary explorationist Kenneth Reading to its field team. Mr. Reading has over 60+ years of expertise in North and South American discoveries, and an impeccable reputation throughout the mining industry. After thoroughly investigating our Brookbank property, Mr. Reading had this to say:

"I believe that the Brookbank Gold Deposit holds the greatest known potential to become the next producer in the Beardmore-Geraldton greenstone belt. I am impressed by the evident dedication of these people and look forward to working with them in Ontex"

A research report by another well known mining analyst is now being compiled for release in March and we anticipate similarly positive views. The writer was on-site at our Brookbank camp last week and conducted due diligence by carefully analyzing drill core and reviewing collar locations. In addition, a 43-101 report by Scott Wilson Roscoe Postle is being finalized and the resource estimation is expected to be announced next month.

Buoyed by increasingly high levels of confidence in its future, the staff of Ontex continues to increase corporate communications efforts to keep our existing share holders well informed, and ensure our very positive story is more widely known in the market place. From being 'the little engine that could', Ontex is rapidly becoming 'the big engine that will', and increasing investor confidence is fully supported by impressive past results and future possibilities.

The Cambridge Show in Vancouver offered our technical staff the opportunity to provide an analysis on the Brookbank Gold deposit to significant numbers of junior and senior mining company representatives, sector analysts and individuals. We look forward to sharing more of the Ontex Brookbank success story at the PDAC as we welcome everyone to Booth # 3214 from March 1st to 4th for a personal overview of our ongoing plans.

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006 - filed on Sedar). 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, 2007, 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
(905) 844-2008
Email: info@ontexresources.com

or

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
Email: info@ontexresources.com
Website: www.ontexresources.com

Sprott Says U.S. Depression Will Boost Gold Price

Feb. 3 (Bloomberg) -- Eric Sprott, the Canadian money manager who last year predicted banking stocks would collapse, said the U.S. is at the beginning of an economic depression that will help gold prices more than double.

Bullion may top $2,000 an ounce in coming years amid a series of financial catastrophes, the chairman and founder of Toronto-based Sprott Asset Management Inc. said yesterday in an interview. Banks will battle to replenish capital, Treasury auctions stand the risk of failing and the moribund economy will create a dire operating outlook for many companies, he said.

“The trend is down, and there’s not one signpost that says it’s changing yet,” Sprott said yesterday from Toronto. “We’ll stand by to wait to see those, and until it does, you have to assume it gets worse.”

Sprott, who manages $4.5 billion, said in March that the world was in a “systemic financial meltdown,” a call that presaged the collapse of financial institutions including Bear Stearns & Co. and Lehman Brothers Holdings Inc. Since then, the U.S. has entered the worst economic slowdown since the Great Depression, credit markets have tightened and asset prices have dropped as companies and funds sell portfolios to raise cash.

The 81-company Standard & Poor’s 500 Financials Index has dropped 62 percent since Sprott said on March 6 he was buying bullion and gold-producers’ shares, while shorting financial- sector stocks. Gold slipped 6.3 percent during the same period.

So-called short-selling allows speculators to profit from a stock’s decline by borrowing shares, selling them to raise cash and buying them later when the price drops to repay the debt.

Sprott Funds

Sprott Hedge Fund LP posted a one-year return of 9.9 percent, while Sprott Hedge Fund LP II rose 18 percent in the period, according to data posted on the company’s Web site. The Sprott Canadian Equity Fund dropped 37 percent.

Sprott now favors buying more gold stocks and bullion while selling the entire equity market short. Most at risk in the current climate are banks, discretionary consumer stocks and any companies needing to refinance debt, he said.

Sprott believes there is a chance that a U.S. Treasury auction will fail as countries use their resources to quell financial turmoil in their home markets, leaving less to help finance the world’s largest economy. That outcome will have a “catastrophic” impact, he said.

“When do people stop buying the credit of the country? That’s a tough question to answer, but it’s on a lot of people’s lips right now,” he said. “Each country has their own financial problem, so there’s no funding for anything external.”

Gold Investors

Such concerns have driven investors to the gold market, propelling the metal higher as other commodities have slumped and helping gold-producers’stocks almost double in the past three months.

Greenlight Capital Inc., a $5.1 billion New York-based hedge fund, has invested in gold for the first time, while Federated Investors Inc.’s $1.3 billion Federated Market Opportunity Fund, which outperformed 99 percent of rivals last year, now countsYamana Gold Inc. and Goldcorp Inc. among its largest investments.

Gold companies such as Newmont Mining Corp. and Kinross Gold Corp. have taken the opportunity to issue stock to bolster their own balance sheets.

Barrick Gold Corp. Chairman Peter Munk said last week he has been inundated with calls from wealthy investors seeking to buy gold to protect their capital.

“The window to raise money for gold stocks has blown open,” Sprott said. “The investing public has started to go to that one thing that they think it’s safe to invest in.”

Dear Ontex Shareholders,

In our continuing efforts to provide you with broader investor communications, we are pleased to present to you the latest installment of the ‘Yahoo! Finance’ Interview series with Ontex President, Mr. John Thompson. In the interview Mr. Thompson provides an analysis on the new high grade gold results at Brookbank. To listen to the interview please click the following link:

Click Here To Listen

Regards,
AGORACOM

LONDON, ONTARIO- (Dec. 30, 2008) - Ontex Resources Limited (TSX:ONT) is pleased to announce that it completed today a further non-brokered private placement of $45,000 through the sale of 225,000 flow-through common shares at a price of $0.20 per share.

Gross proceeds from the sale of the shares will be used for exploration and development.

Together with its previously announced private placements for a total of $2,300,000 of flow-through shares completed on December 11, 2008 and December 23, 2008, the Company has raised an aggregate of $2,345,000 through its 2008 flow-through financing efforts.

About Ontex Resources Limited

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank Gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, NorthernOntario" dated April 28, 2006 - filed on Sedar.) The Company's common shares trade on the Toronto Stock Exchange under the symbol "ONT".

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

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 exploration plans. 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and 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 such as economic factors as they effect exploration, future commodity prices, 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, 2007, 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.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
Email: info@ontexresources.com

or

Ontex Resources Limited
John Thompson
President
(905) 844-2008
Email: jpthompson@ontexresources.com

or

Ontex Resources Limited
Donna Yoshimatsu
VP Investor Relations
(647) 293-7047
Email: dyoshi@ontexresources.com
Website: www.ontexresources.com

Gross proceeds from the sale of the shares will be used for exploration and development. Ontex paid a cash finder's fees to M Partners Inc. equal to 8% of the gross proceeds of the private placement.

Together with its previously announced private placement of $1,500,000 of flow-through shares completed on December 11, 2008, the Company has raised an aggregate of $2.3 million through its 2008 flow-through financing efforts.

The technical data herein and the technical contents of this news release have been reviewed by John P. Thompson, P.Eng., President of Ontex, who is a Qualified Person within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data.

About Ontex Resources Limited

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank Gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006 - filed on Sedar.) The Company's common shares trade on the Toronto Stock Exchange under the symbol "ONT".

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

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 exploration plans. 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and 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 such as economic factors as they effect exploration, future commodity prices, 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, 2007, 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.

CONTACT INFORMATION:

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
Email: info@ontexresources.com

or

Ontex Resources Limited
John Thompson
President
(905) 844-2008
Email: jpthompson@ontexresources.com

or

Ontex Resources Limited

Donna Yoshimatsu
VP Investor Relations
(647) 293-7047
Email: dyoshi@ontexresources.com
Website: www.ontexresources.com

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

- 85.9 gms Au/ 3.4 m (11.15 ft); -incl. 131.66 gms Au/ 1.5m (4.92 ft)

- 13.82 gms Au/5.3 m (17.4 ft); -incl. 30.01 gms Au/ 1.8m (5.91 ft)

- Aggressive drill program for 2009

LONDON, ONTARIO-(Dec. 18, 2008) - Ontex Resources Limited (TSX:ONT) is pleased to announce it has completed the third phase for 2008 of a diamond drill program on its properties in the Beardmore-Geraldton gold belt of northern Ontario. The drill program was 3,560 metres greater than the 8,000 metres originally planned for the Brookbank and Cherbourg gold properties. It was designed to both add more gold-enriched ore and advance inferred resources to the indicated category. The Brookbank Gold System is expanding with every drill program.

Management believes the results achieved this year were an overwhelming success. Drill results in 2008 have proven the Brookbank deposit, located within the sheared fault zone, has continuity to depth and to the west. The system remains wide open in all directions which demonstrates the enormous potential to locate additional gold with every future drill program. The Company anticipates that further exploration in the coming year will also prove the eastern flank.

Drilling at the Brookbank deposit added high grade gold content at depth and on the west flank. Hole B-08-10 assayed 36.67 grams gold per tonne over 9.4 m (30.8 ft) core length at 536.3 m (1759.5 ft) down the hole and included an intersection of 85.92 grams gold over 3.4 m (11.15 ft) with an individual high assay of 131.66 grams gold over 1.5 m (4.92 ft). Drill hole B-08-12, 75 metres further at depth, identified 14.7 grams gold per tonne over 2.3 m (7.5 ft) core length at 591.9 m (1941.9 ft) down the hole. On the west flank of the Brookbank drill hole B-08-09 assayed 4.22 grams gold per tonne over 2.6 m (8.53 ft) core length. Continuing 65 metres deeper, B-08-11 intercepted 13.82 grams gold per tonne over 5.3 m (17.4 ft) core length at 365.8 m (1200.1 ft) down the hole and included a composite interval of 30.01 grams gold per tonne over 1.8 m (5.91ft).

Within the Cherbourg shear zone the resource was expanded by both drill hole C-08-07, which intersected 3.20 grams gold per tonne over 2.8 m (9.2 ft) core length at 230.1 m (754.91 ft) down the hole and drill hole C-08-09 which intercepted 8.38 grams gold per tonne over 1.8 m (5.92 ft) core length at 391.0 m (1282.8 ft) down the hole. To the west, drill hole C-08-08 intersected 2.11 grams gold per tonne over 1.4 m (4.6 ft) core length at 119.6 m (392.4 ft) down the hole.

The Company is planning an aggressive 2009 drill program focused on further increasing resources at the Brookbank and Cherbourg areas to the west and the Foxear areas to the east, as well as exploring for other gold deposits on the remaining 35 km strike length of the main fault zone.

3D Modeling is advancing on the Foxear zone so that future drill programs, associated with tying this gold-enriched resource to the other known resources, are more effectively completed.

Comparatively, the potential to increase the Company's resources on its holdings remains exceptional. Although the balance of the 35 kilometer long Brookbank property has seen very little exploration, it clearly demonstrates the potential to find other gold deposits similar to or larger than Brookbank. The Ontex mining property is presently on care and maintenance with the access road being maintained in anticipation of both data compilation being completed, and an early start to the 2009 program.

Original metallurgical testing reaffirmed in 2006 by Lakefield Research that 97% of the gold at the Brookbank Deposit can be recovered by simple conventional recovery processes. The gold is fine grained and occurs as both late stage fracture-fill in pyrite and on pyrite grain boundaries. Scott Wilson Roscoe Postle Associates Inc. should have a preliminary working 3D model for presentation to Ontex in December followed by a National Instrument 43-101 (NI 43-101) compliant resource report.

Ontex is extremely pleased with the exceptional results of the exploration on the property - which has been accumulated over the past 30 years. Ontex was the first in the area and acquired what management believes to be the most prospective ground to host mineable gold deposits along the major Paint Lake Fault System.

The data herein and the contents of this news release have been reviewed by John P. Thompson, P.Eng., President of Ontex, who is a Qualified Person within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data. Armen Chilian, P.Geo., Vice-President, Exploration on Ontex, is the Qualified Person who planned and is executing the exploration programs. Mr. Thompson is responsible for the current estimate of the resources as reported in the NI 43-101 compliant Technical Report of 2006.

The drill core was logged and split on site and half-core samples analyzed employing the appropriate gold fire assaying techniques at an independent laboratory, Swastika Laboratories of Swastika Ontario with check assaying at Accurassay Laboratories Ltd., Thunder Bay, Ontario. A QA/QC program developed by Scott Wilson RPA is being employed consisting of duplicate samples, insertion of known standards and check assaying.

About Ontex Resources Limited

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006 - filed on Sedar.) 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, 2007, 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
(905) 844-2008
Email: jpthompson@ontexresources.com

or

Ontex Resources Limited
Donna Yoshimatsu
VP Investor Relations
(647) 293-7047
Email: dyoshi@ontexresources.com

or

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
Email: info@ontexresources.com
Website: www.ontexresources.com

LONDON, ONTARIO--(Marketwire - Dec. 11, 2008) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Ontex Resources Limited (TSX:ONT) is pleased to announce that it completed today a non-brokered private placement of $1,500,000 through the sale of 7,500,000 flow-through common shares at a price of $0.20 per share to the MineralFields Group.

"We are very pleased to be entering into this relationship with MineralFields Group," said Gary Conn, Chairman and Chief Executive Officer of Ontex. "This is an important milestone in the growth of Ontex and we look forward to working with MineralFields Group as we continue to develop our Beardmore-Geraldton gold projects northwest of Thunder Bay, Ontario."

Gross proceeds from the sale of the shares will be used for exploration and development. Ontex paid a finder's fees to Limited Market Dealer Inc. equal to approximately 8% of the gross proceeds of the private placement.

The technical data herein and the technical contents of this news release have been reviewed by John P. Thompson, P.Eng., President of Ontex, who is a Qualified Person within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data.

About Ontex Resources Limited

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank Gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006 - filed on Sedar.) The Company trades on the Toronto Stock Exchange under the symbol "ONT".

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ^® is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ^®.

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

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 exploration plans. 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and 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 such as economic factors as they effect exploration, future commodity prices, 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, 2007, 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.

LONDON, ONTARIO - (Dec. 11, 2008) - Ontex Resources Limited (TSX:ONT) is pleased to announce that it completed today a non-brokered private placement of $1,500,000 through the sale of 7,500,000 flow-through common shares at a price of $0.20 per share to the MineralFields Group.

"We are very pleased to be entering into this relationship with MineralFields Group," said Gary Conn, Chairman and Chief Executive Officer of Ontex. "This is an important milestone in the growth of Ontex and we look forward to working with MineralFields Group as we continue to develop our Beardmore-Geraldton gold projects northwest of Thunder Bay, Ontario."

Gross proceeds from the sale of the shares will be used for exploration and development. Ontex paid a finder's fees to Limited Market Dealer Inc. equal to approximately 8% of the gross proceeds of the private placement.

The technical data herein and the technical contents of this news release have been reviewed by John P. Thompson, P.Eng., President of Ontex, who is a Qualified Person within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data.

About Ontex Resources Limited

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank Gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006 - filed on Sedar.) The Company trades on the Toronto Stock Exchange under the symbol "ONT".

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities (R) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (R).

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

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 exploration plans. 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and 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 such as economic factors as they effect exploration, future commodity prices, 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, 2007, 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.

CONTACT INFORMATION:

Ontex Resources Limited
John Thompson
President
(905) 844-2008
Email: jpthompson@ontexresources.com

or

Ontex Resources Limited
Donna Yoshimatsu
VP Investor Relations & Value Strategies
(647) 293-7047
Email: dyoshi@ontexresources.com

or

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
Email: info@ontexresources.com
Website: www.ontexresources.com

Dear Investors,

Gold futures surged Friday, briefly topping $800 an ounce for the first time in more than a month, as wary investors returned to the safety of the precious metal. Gold for December delivery rallied $43.10, or 5.8%, to end at $791.80 an ounce on the Comex division of the New York Mercantile Exchange. It jumped 7.1% to $801.90 earlier, rising to above $800 for the first time since Oct. 16. The benchmark contract ended the week up 6.6%, the biggest weekly percentage gain since the week ended Sept. 19.

Click here to view the AGORACOM Blog.

Regards,

AGORACOM Investor Relations

Dear Investors,

Last night at the AGORACOM sponsored Roth China/Vegas Conference, keynote presenter Jim Rogers stated that “Gold will hit its inflation adjusted high of $2200.”

George Tsiolis, President of AGORACOM was in attendance at this exclusive event and reported on the Jim Rogers speech live via his cell phone to his twitter account. For a recap of Jim Rogers’ speech, follow the following link to George’s twitter account and/or his blog.

Follow George’s Twitter

George’s Blog

AGORACOM remains very bullish on Gold, as outlined within George’s extensive “Gold $1,000” blog entries.

Regards,
AGORACOM

LONDON, ONTARIO - Ontex Resources Limited (TSX:ONT) is pleased to announce that it has engaged M Partners Inc. to act as lead agent on a best efforts basis in respect of an offering of up to $4,000,000.

The terms of the private placement call for concurrent offerings of flow-through shares and non-flow-through units ("Units"). Each Unit shall be comprised of one non-flow-through common share and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant shall be exercisable for one non-flow-through common share.

The net proceeds from the private placement will be used to advance the Company's aggressive exploration program on its Beardmore-Geraldton gold projects northwest of Thunder Bay, Ontario and for general working capital purposes.

Completion of the offering is subject to certain conditions, including the approval of the Toronto Stock Exchange. The offering is expected to close on or about November 27, 2008 or such other date as agreed to by the Company and M Partners.

The technical data herein and the technical contents of this news release have been reviewed by John P. Thompson, P.Eng., President of Ontex, who is a Qualified Person within the meaning of NI 43-101, with the ability and authority to verify the authenticity and validity of the data.

About Ontex Resources Limited

Ontex Resources Limited is a junior resource company focused on gold exploration at its Brookbank Gold property in northern Ontario spanning a strike length of 35 kilometers. To date, diamond drilling has identified a structure of over 7 kilometers extending from surface to a depth of at least 600 meters. A NI 43-101 compliant resource stands at 372,900 ounces of Indicated and 321,800 ounces of Inferred resource. (See NI 43-101 compliant technical report - "Technical Report Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario" dated April 28, 2006 - filed on Sedar.) The Company trades on the Toronto Stock Exchange under the symbol "ONT".

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

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 proposed private placement and its exploration plans. 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and 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 related to private placement financings, including market conditions and regulatory approvals, as well as risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, 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, 2007, 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.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

CONTACT INFORMATION:

Ontex Resources Limited
John Thompson
President
(905) 844-2008
Email: jpthompson@ontexresources.com

or

Ontex Resources Limited
Donna Yoshimatsu
VP Investor Relations & Value Strategies
(647) 293-7047
Email: dyoshi@ontexresources.com

or

Ontex Resources Limited
Gary Conn
Chairman and Chief Executive Officer
(519) 455-8127
Email: info@ontexresources.com
Website: www.ontexresources.com