MAT Matamec Explorations Inc. (delisted)

Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF)("Matamec" or the
"Company") is pleased to announce that the Government of Quebec has officially
authorised an investment of $4 million for the Kipawa JV owned by Matamec and
Toyotsu in order to continue the pilot plan processes and to advance the
environmental studies.


"This investment from the government represents an important step and confidence
in our ability to develop the production of rare earths in Quebec, which are an
essential geostrategic resource for new green technologies, including those
related to electric and hybrid cars," said Andre Gauthier, President and CEO of
Matamec Explorations. "The publication of the first NI 43-101 feasibility study
for the project in October 2013 has confirmed the quality of the Kipawa JV rare
earths deposit. This investment confirms the economic and technological
importance of Kipawa JV project by having the Government of Quebec as an
additional partner".


The financial contribution of Resources Quebec is in the form of subscription to
an issue of Matamec common shares to the maximum amount of $1 million and a
minority stake in the project to a maximum of $ 3 million.


The terms and conditions of the investment, including the determination of the
timing and the price of investment, will be finalized in the coming weeks. 


About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main
focus is in developing the Kipawa HREE deposit with Toyotsu Rare Earth Canada
Inc ("TRECan"). 


In parallel, the Company is exploring more than 35 km of strike length in the
Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum
mineralization on its Zeus property. Since 2007, Matamec discovered eight (8)
new rare earth showings. Most relevant of these, was the drilling of the PB-PS
Zone in the fall of 2012 where it identified
Eudialyte-Mosandrite/Yttro-Titanite/Britholite mineralization similar to those
found at the HREE Kipawa Deposit. This type of mineralization is presently known
over a length of 200 metres and is open laterally and at depth. This mineralized
zone is 2.3 km SW of the Kipawa deposit and a soil anomaly seems to connect the
two. The Company plans to drill these extensions later this year. 


The Company is also exploring for gold, base metals and platinum group metals.
Its gold portfolio includes the Matheson JV property located along strike and in
close proximity to the Hoyle Pond Mine in the prolific gold mining camp of
Timmins, Ontario. In Quebec, the Company is exploring for lithium and tantalum
on its Tansim property and for precious and base metals on its Valmont and
Vulcain properties. In August 2013, Matamec signed an option agreement where
Canada Strategic Metals can acquire an interest of up to 50% in the Sakami gold
project, located in the James Bay region of northern Quebec by committing $2.25
million in exploration work including $500,000 in the first year on drilling. 


Cautionary Statement Concerning Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of
Canadian Securities legislation. Generally, forward-looking statements can be
identified by the use of forward-looking terminology such as "scheduled",
"anticipates", "expects" or "does not expect", "is expected", "scheduled",
"targeted", 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 statements contained herein
include, without limitation, statements relating to mineral reserve estimates,
mineral resource estimates, realization of mineral reserve and resource
estimates, capital and operating costs estimates, the timing and amount of
future production, costs of production, success of mining operations, the
ranking of the project in terms of cash cost and production, permitting,
economic return estimates, power and storage facilities, life of mine, social,
community and environmental impacts, rare metal markets and sales prices,
off-take agreements and purchasers for the Company's products, environmental
assessment and permitting, securing sufficient financing on acceptable terms,
opportunities for short and long term optimization of the Project, and continued
positive discussions and relationships with local communities and stakeholders.
Forward-looking statements are based on assumptions management believes to be
reasonable at the time such statements are made. 

There can be no assurance that such 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. Although Matamec has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. Factors that may cause
actual results to differ materially from expected results described in
forward-looking statements include, but are not limited to: Matamec's ability to
secure sufficient financing to advance and complete the Project, uncertainties
associated with Matamec's resource and reserve estimates, uncertainties
regarding global supply and demand for rare earth materials and market and sales
prices, uncertainties associated with securing off-take agreements and customer
contracts, uncertainties with respect to social, community and environmental
impacts, uncertainties with respect to optimization opportunities for the
Project, as well as those risk factors set out in the Company's year-end
Management Discussion and Analysis dated December 31, 2012 and other disclosure
documents available under the Company's profile at www.sedar.com.
Forward-looking statements contained herein are made as of the date of this news
release and Matamec disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or results or
otherwise, except as required by applicable securities laws. 


"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 this release."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Andre Gauthier, President
(514) 844-5252
info@matamec.com

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