Fieldex intersects 1.10% TREO (40% HREO + Y2O3) over 19.55 metres at surface in Kipawa

Fieldex intersects 1.10% TREO (40% HREO + Y2O3) over 19.55 metres at surface 
in Kipawa 
ROUYN-NORANDA, QC, April 24, 2012 /CNW Telbec/ - Fieldex Exploration Inc. 
(TSXV: FLX) (Frankfurt: F7E) is pleased to announce the results of its 
recently-completed seven diamond drill-hole campaign on its Lac Sairs project 
in Kipawa. The Lac Sairs project is located in the Kipawa alcalin complex, 1.7 
kilometres from Matamec Explorations Inc.'s Kipawa REE—Yttrium—Zirconium 
deposit, located 100 kilometres northeast of North Bay, Ontario, in 
northwestern Québec, near the Québec-Ontario border. 
The 1,334m drilling program, which began on January25, 2012 and was 
completed on February21, 2012, intersected altered Rare Earth Element (REE) 
zones, approximately 150m south of a sub-parallel 3.3kilometre-long 
magnetic anomaly, oriented E-W and identified from a magnetic ground survey 
completed in February 2011. From west (LS-10-19) to the east (LS-10-22), along 
1.1 kilometres, an REE zone, south of the magnetic anomaly, shows a 
progressive enrichment of the REE values. These REE values appear to be 
included along a parastratigraphic altered zone which cuts granitic gneiss, 
quartz monzonite and/or quartz syenite. The east-west magnetic anomaly, east 
of hole LS-12-22, crosses the entire Lac Sairs property along 2.2 kilometres. 
No holes were historically drilled along the south vicinity of this anomaly 
and a potential extension of the REE zone could be open to the east of Hole 
LS-12- 22 if the magnetic anomaly is associated with this REE zone. 
2012 Kipawa Lac Sairs HREO-Y-Zr Project Diamond Drill Program 
|Hole No |From (m)|To (m)|Width |ZrO2 |TREO+Y203 |HREO+Y2O3/TREO+Y2O3 |
|        |        |      | (m)  | (%) |   (%)    |        (%)         |
|LS-12-16|  15.90 |18.80 | 2.90 |1.24 |    0.24  |           33.28    |
|LS-12-17|  13.00 |25.70 |12.70 |1.12 |    0.20  |           29.30    |
|LS-12-18| 119.95 |120.45| 0.50 |2.39 |    1.16  |           10.50    |
|LS-12-19|  12.75 |26.05 |13.30 |0.60 |    0.15  |           32.43    |
|LS-12-20|  13.00 |114.85|101.85|0.51 |    0.15  |           26.83    |
|  Incl. |  40.50 |67.00 | 26.5 |0.93 |    0.24  |           28.08    |
|LS-12-21|  14.10 |93.00 |78.90 |0.65 |    0.19  |           32.51    |
|  Incl. |  36.15 |52.40 |16.25 |0.63 |    0.55  |           31.46    |
|LS-12-22|  10.45 |66.85 |56.40 |1.03 |    0.45  |           39.79    |
|  Incl. |  10.45 |30.00 |19.55 |1.03 |    1.10  |           40.33    |
|  Incl. |  14.90 |17.10 | 2.20 |1.38 |    8.34  |           34.54    |
|Light rare earths (LREO) = La(2)O(3) to Nd(2)O(3), Intermediate rare |
|earths (IREO) =Sm(2)O(3) to Gd(2)O(3), Heavy rare earths (HREO) = Tb |
|(2)O(3) to Lu(2)O(3).                                                |
|                                                                     |
|TREO = LREO + IREO + HREO + Y(2)O(3)                                 |
The Kipawa region has considerable momentum at present. Fieldex's 
recently-drilled hole LS-12-22 confirms that the Kipawa Lac Sairs project 
hosts significant and enriched HREO zones and zirconium mineralization at the 
surface. In addition, Matamec Explorations Inc. reported in its press release 
dated January30, 2012 robust economics in its preliminary economic 
assessment study with a $600M net present value and signed a memorandum of 
understanding with Toyota Tsusho for its Kipawa HREE project. "This is very 
encouraging news because of the close proximity of Fieldex's Kipawa Lac Sairs 
project to Matamec's Kipawa deposit" said MartinDallaire, Fieldex's 
President and Chief Executive Officer. 
Quality Assurance / Quality Control 
Fieldex has implemented and adheres to a strict Quality Assurance/Quality 
Control program which includes one REE mineralized standard, one duplicate and 
one blank for each batch of samples. Assay samples are taken from drill core 
sawed in half with one-half sent to a commercial laboratory and the other half 
retained for future reference. Analyses are performed by ALS Chemex, Val-d'Or, 
Québec, an accredited laboratory. Particular attention was paid to the 8.34% 
TREO+Y2O3 zone in the LS-12-22 Hole. This zone has been analysed separately 
from the other samples and two REE standards, one Zr standard, one blank and 
one duplicate have been added to the sample batch. 
Qualified Person 
The drilling program was carried out under the supervision of Robert 
Sansfaçon, geologist and qualified person as per National Instrument 43-101 
Standards of Disclosure for Mineral Projects. 
About Fieldex: 
Fieldex is a mineral resource company actively exploring for base and 
strategic group metal deposits all located in Quebec, Canada, representing 
over 600 km². Quadra FNX Mining Company owns 6,500,000 shares of Fieldex. 
Fieldex has 68,109,018 shares outstanding. 
This release contains "forward-looking statements" within the meaning of 
applicable Canadian securities legislation, including predictions, projections 
and forecasts. Forward-looking statements include, but are not limited to, 
statements that address activities, events or developments that Fieldex 
expects or anticipates will or may occur in the future, including such things 
as future business strategy, competitive strengths, goals, expansion, growth 
of Fieldex's businesses, operations, plans and with respect to exploration 
results, the timing and success of exploration activities generally, 
permitting time lines, government regulation of exploration and mining 
operations, environmental risks, title disputes or claims, limitations on 
insurance coverage, timing and possible outcome of any pending litigation and 
timing and results of future resource estimates or future economic studies. 
Often, but not always, forward-looking statements can be identified by the use 
of words such as "plans", "planning", "planned", "expects" or "looking 
forward", "does not expect", "continues", "scheduled", "estimates", 
"forecasts", "intends", "potential", "anticipates", "does not anticipate" or 
"belief" or describes a "goal" or variation 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 statements are based on a number of material factors and 
assumptions, including, the result of drilling and exploration activities, 
that contracted parties provide goods and/or services on the agreed 
timeframes, that equipment necessary for exploration is available as scheduled 
and does not incur unforeseen break downs, that no labour shortages or delays 
are incurred, that plant and equipment function as specified, that no unusual 
geological or technical problems occur, and that laboratory and other related 
services are available and perform as contracted. Forward-looking statements 
involve known and unknown risks, future events, conditions, uncertainties and 
other factors which may cause the actual results, performance or achievements 
to be materially different from any future results, prediction, projection, 
forecast, performance or achievements expressed or implied by the 
forward-looking statements. Such factors include, among others, the 
interpretation and actual results of current exploration activities; changes 
in project parameters as plans continue to be refined; future prices of base 
and strategic group metal, including rare earth elements; possible variations 
in grade or recovery rates; failure of equipment or processes to operate as 
anticipated; the failure of contracted parties to perform; labour disputes and 
other risks of the mining industry; delays in obtaining governmental approvals 
or financing or in the completion of exploration, as well as those factors 
disclosed in Fieldex's publicly filed documents. Although Fieldex has 
attempted to identify important factors that could cause actual actions, 
events or results to differ materially from those described in forward-looking 
statements, there may be other factors that cause actions, events or results 
not to be as anticipated, estimated or intended. There can be no assurance 
that forward-looking statements will prove to be accurate, as actual results 
and future events could differ materially from those anticipated in such 
statements. Accordingly, readers should not place undue reliance on 
forward-looking statements.   
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of the release. 
Martin Dallaire, eng President & Chief Executive Officer Tel.: (819) 762-0609 
Fax: (819) 762-0097 
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ST: Quebec
-0- Apr/24/2012 15:32 GMT
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