MTC MetalCorp Limited

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES.


MetalCorp Limited ("MetalCorp" or the "Company") (TSX VENTURE:MTC) is pleased to
announce a proposed non-brokered private placement of up to 4,000,000 units
(each, a "Unit") at a price of $0.025 per Unit and up to 8,000,000 flow-through
common shares (each, a "Flow-Through Common Share") at a price of $0.025 per
Flow-Through Common Share for aggregate gross proceeds of up to $300,000 (the
"Offering") or such greater number of Units and smaller number of Flow-Through
Common Shares aggregating $300,000 as the Company may determine. Each Unit will
consist of one common share and one-half of one warrant (each, a "Warrant").
Each whole Warrant will entitle the holder to purchase one common share at a
price of $0.05 per share at any time until June 30, 2013, and, thereafter, at a
price of $0.10 per share at any time until the expiry date which will be two
years following the date of issue.


Proceeds from the sale of Flow-Through Common Shares will be used to fund
MetalCorp's mineral exploration expenses which qualify as "Canadian Exploration
Expenses" (within the meaning of the Income Tax Act (Canada)) on MetalCorp's
projects in Ontario. Net proceeds from the sale of Units will be used for
MetalCorp's general working capital purposes.


All the securities issued pursuant to this Offering will be subject to a four
(4) month hold period. Completion of the Offering is subject to receipt of all
required regulatory and other approvals, including acceptance by the TSX Venture
Exchange. Purchasers must be 'accredited investors' within the meaning of NI
45-106 or otherwise entitled to rely on prospectus exemptions under applicable
securities laws.


This press release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The securities described herein
will not be and have not been registered under the United States Securities Act
of 1933 and may not be offered or sold in the United States absent an applicable
exemption from the registration requirements.


MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with
gold and base metal projects in the Canadian Shield of Northern Ontario, Canada,
one of the most prolific mineral districts in the world. To find out more about
MetalCorp visit its website at www.metalcorp.ca.


Except for statements of historical fact contained herein, information in this
press release may constitute "forward-looking information" within the meaning of
Canadian securities laws. Other than statements of historical fact, all
statements that involve various known and unknown risks, uncertainties and other
factors are "forward-looking statements". There can be no assurance that such
statements will prove accurate. Results and future events could differ
materially from those anticipated in such statements. Readers of this news
release are cautioned not to place undue reliance on these "forward-looking
statements". Except as otherwise required by applicable securities statutes or
regulation, the Company expressly disclaims any intention or obligation to
update publicly any forward-looking information, whether as a result of new
information, future events or otherwise.



FOR FURTHER INFORMATION PLEASE CONTACT: 
MetalCorp Limited
Chris Dougherty, P.Eng.
President
(807) 683-1731
info@metalcorp.ca
www.metalcorp.ca

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