Matamec Explorations Inc. ("Matamec") (TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce the discovery of three new showings (Certitude Nord, Makwa and Pakwa) on the Zeus property in addition to the PS Zone which was communicated last week in a press release, April 18, 2013. Now the property contains twelve heavy rare earth showings, some of them with Niobium and Tantalum. See annexed geological figure. Annexed table shows all results higher than 0.5% TREO.

Highlights of the three new showings are as follows:

Certitude Nord showing:


--  Located 2 km north of Certitude showing, has returned a grade as high as
    5.36% TREO, 2.21% Y2O3, 9.42% ZrO2 and 4.191% Nb2O5 on grab samples.
    Manual stripping on Certitude Nord has returned intercepts of 0.24% TREO
    at 32% HREO/TREO, 0.06% Y2O3 and 1.26% ZrO2 on 11.1m, of 0.31% TREO at
    29% HREO/TREO, 0.06%Y2O3 and 0.59% ZrO2 on 0.8m and 0.29% TREO at 46%
    HREO/TREO, 0.09% Y2O3 and 1.72% ZrO2 on 1.1m. 

Makwa showing:


--  Located 2.3 km north of Surprise Nord showing, has returned a grade as
    high as greater than 15.95% TREO, 1.32% Y2O3, 0.24% Dy2O3, 3.13% Nd2O3
    and 11.53% ZrO2 on grab samples. 

Pakwa showing:


--  Located 2.5 km north of Falaise showing, has returned a grade as high as
   greater than 15.53% TREO, 2.10% Y2O3, 0.25% Dy2O3, 3.0% Nd2O3, 8.59%
    ZrO2 and 1.53% Nb2O5 on grab samples. 

"Matamec's exploration team continues to deliver positive results with the discovery of three new showings on the Zeus property," said Andre Gauthier, President and CEO of Matamec Explorations. "I am pleased to report to shareholders the Company is advancing on all fronts as we execute our strategy of becoming the next global heavy rare earth producer outside of China."

Also, fall 2012 prospecting has allowed identifying several sites for stripping. Stripping was conducted from December 3 to 14, 2012 on some of these sites. Thus, three strippings were made on the Pakwa showing and three others on Surprise Ouest showing. The Pakwa showing is composed by peralkaline granite, syenite, marble and syenitic to granitic pegmatite. Rare earth minerals have to be identified. The three strippings on the Pakwa showing were channelled. All samples have been sent to ALS-Chemex laboratory and the results will be released at a later date. Stripping from Surprise Ouest will be channelled this spring.

In addition, Tony Mariano's team is still studying the mineralogy of all these showings. Aline Leclerc, VP Exploration (Geo.), is Matamec's Qualified Person for this press release.


--------------------------------------------------------------------------
                LREO(i)      IREO(ii)   HREO(iii)      Y2O3       TREO(iv)
               -----------------------------------------------------------
                      %             %           %         %              %
               -----------------------------------------------------------
                  Light                     Heavy                         
                   Rare  Intermediate        Rare                    Total
Sample   Nature   Earth    Rare Earth       Earth   Yttrium     Rare Earth
--------------------------------------------------------------------------
                          Certitude Nord Showing                          
--------------------------------------------------------------------------
BM030   outcrop   4.926         0.163       0.091     0.177          5.357
--------------------------------------------------------------------------
DM042   outcrop   0.285         0.299       1.546     2.209          4.339
--------------------------------------------------------------------------
DM023   outcrop   7.167         0.165       0.045     0.085          7.462
--------------------------------------------------------------------------
DM024   boulder   2.479         0.110       0.071     0.154          2.813
--------------------------------------------------------------------------
DM028   outcrop   2.302         0.076       0.034     0.084          2.496
--------------------------------------------------------------------------
DM029   outcrop   1.872         0.090       0.045     0.098          2.105
--------------------------------------------------------------------------
BM032   outcrop   1.727         0.106       0.057     0.082          1.972
--------------------------------------------------------------------------
DM039   outcrop   1.229         0.141       0.165     0.459          1.995
--------------------------------------------------------------------------
DM026   outcrop   1.159         0.082       0.060     0.126          1.428
--------------------------------------------------------------------------
BM0025  outcrop   0.993         0.060       0.025     0.050          1.127
--------------------------------------------------------------------------
BM0023  outcrop   0.839         0.079       0.126     0.239          1.283
--------------------------------------------------------------------------
        Angular                                                           
DM017   boulder   0.787         0.073       0.127     0.239          1.225
--------------------------------------------------------------------------
DM007   outcrop   0.650         0.050       0.069     0.171          0.940
--------------------------------------------------------------------------
DB057   outcrop   0.638         0.034       0.058     0.070          0.799
--------------------------------------------------------------------------
BM0026  outcrop   0.638         0.028       0.051     0.100          0.817
--------------------------------------------------------------------------
DM056   outcrop   0.575         0.032       0.051     0.063          0.721
--------------------------------------------------------------------------
DM013   outcrop   0.562         0.026       0.026     0.051          0.664
--------------------------------------------------------------------------
DM034   outcrop   0.504         0.041       0.052     0.106          0.703
--------------------------------------------------------------------------
DM008   outcrop   0.388         0.065       0.106     0.281          0.840
--------------------------------------------------------------------------
DM054   outcrop   0.472         0.031       0.045     0.064          0.612
--------------------------------------------------------------------------
DM045   outcrop   0.281         0.024       0.061     0.127          0.492
--------------------------------------------------------------------------
DM043   outcrop   0.251         0.023       0.040     0.088          0.401
--------------------------------------------------------------------------
DM048   outcrop   0.183         0.016       0.044     0.071          0.314
--------------------------------------------------------------------------
DM051   boulder   0.093         0.024       0.077     0.185          0.379
--------------------------------------------------------------------------
DM053   outcrop   0.148         0.005       0.032     0.057          0.242
--------------------------------------------------------------------------
DM038   outcrop   0.039         0.011       0.094     0.187          0.331
--------------------------------------------------------------------------
DM041   outcrop   0.036         0.016       0.082     0.188          0.321
--------------------------------------------------------------------------
DM016   outcrop   0.100         0.009       0.007     0.012          0.128
--------------------------------------------------------------------------
DM044   outcrop   0.075         0.005       0.034     0.063          0.178
--------------------------------------------------------------------------
DM050   outcrop   0.012         0.002       0.016     0.029          0.059
--------------------------------------------------------------------------
                                                                          

-----------------------------------------------------------
                 HREO +                                    
                Y2O3 on                                    
                   TREO        ZrO2       Nb2O5       Ta2O5
       ----------------------------------------------------
                      %           %           %           %
       ----------------------------------------------------
Sample                    Zirconium     Niobium    Tantalum
-----------------------------------------------------------
                   Certitude Nord Showing                  
-----------------------------------------------------------
BM030               5.0       1.162       0.095       0.004
-----------------------------------------------------------
DM042              86.5       0.434       4.191       0.156
-----------------------------------------------------------
DM023               1.7       0.132       0.003       0.000
-----------------------------------------------------------
DM024               8.0       0.284       0.054       0.004
-----------------------------------------------------------
DM028               4.7       0.015       0.002       0.000
-----------------------------------------------------------
DM029               6.8       1.878       0.011       0.001
-----------------------------------------------------------
BM032               7.1       0.142       0.036       0.002
-----------------------------------------------------------
DM039              31.3       5.622       0.050       0.005
-----------------------------------------------------------
DM026              13.1       1.226       0.020       0.003
-----------------------------------------------------------
BM0025              6.6       0.235       0.004       0.000
-----------------------------------------------------------
BM0023             28.5       3.919       0.358       0.019
-----------------------------------------------------------
DM017              29.8       4.365       0.097       0.008
-----------------------------------------------------------
DM007              25.5       3.527       0.023       0.002
-----------------------------------------------------------
DB057              15.9       1.568       0.057       0.009
-----------------------------------------------------------
BM0026             18.4       6.473       0.038       0.003
-----------------------------------------------------------
DM056              15.9       2.068       0.044       0.007
-----------------------------------------------------------
DM013              11.6       0.312       0.010       0.001
-----------------------------------------------------------
DM034              22.5       0.082       0.051       0.003
-----------------------------------------------------------
DM008              46.1       0.842       0.074       0.005
-----------------------------------------------------------
DM054              17.7       3.324       0.003       0.001
-----------------------------------------------------------
DM045              38.2       3.297       0.009       0.001
-----------------------------------------------------------
DM043              31.8       2.595       0.005       0.000
-----------------------------------------------------------
DM048              36.7       2.230       0.021       0.004
-----------------------------------------------------------
DM051              69.0       2.878       0.018       0.005
-----------------------------------------------------------
DM053              36.8       4.581       0.004       0.000
-----------------------------------------------------------
DM038              84.9       9.419       0.014       0.004
-----------------------------------------------------------
DM041              84.0       2.689       0.007       0.001
-----------------------------------------------------------
DM016              14.8       0.061       0.486       0.075
-----------------------------------------------------------
DM044              54.8       2.203       0.005       0.000
-----------------------------------------------------------
DM050              77.3       1.811       0.003       0.000
-----------------------------------------------------------
                                                           
----------------------------------------------------------------------------
           Length LREO(i)      IREO(ii)   HREO(iii)      Y2O3       TREO(iv)
         -------------------------------------------------------------------
                m       %             %           %         %              %
         -------------------------------------------------------------------
                    Light                                                   
                     Rare  Intermediate       Heavy                    Total
Name                Earth    Rare Earth  Rare Earth   Yttrium     Rare Earth
----------------------------------------------------------------------------
                           Certitude Nord Showing                           
----------------------------------------------------------------------------
Rainure 1    11.1   0.150         0.012       0.022     0.055          0.240
----------------------------------------------------------------------------
including     0.8   0.552         0.035       0.050     0.156          0.792
----------------------------------------------------------------------------
Rainure 2     0.8   0.203         0.015       0.029     0.061          0.308
----------------------------------------------------------------------------
Rainure 3     1.1   0.142         0.017       0.045     0.090          0.293
----------------------------------------------------------------------------
including     0.5   0.174         0.023       0.065     0.143          0.404
----------------------------------------------------------------------------
                                                                            

-------------------------------------------------
                   HREO +                        
                  Y2O3 on                        
                     TREO        ZrO2       Nb2O5
         ----------------------------------------
                        %           %           %
         ----------------------------------------
Name                        Zirconium     Niobium
-------------------------------------------------
              Certitude Nord Showing             
-------------------------------------------------
Rainure 1            32.4       1.261       0.017
-------------------------------------------------
including            25.9       0.757       0.023
-------------------------------------------------
Rainure 2            29.1       0.592       0.013
-------------------------------------------------
Rainure 3            45.9       1.720       0.008
-------------------------------------------------
including            51.4        1.08       0.006
-------------------------------------------------
                                                 
----------------------------------------------------------------------------
Sample      Nature LREO(i)      IREO(ii)   HREO(iii)     Y2O3       TREO(iv)
                  ----------------------------------------------------------
                         %             %           %        %              %
                  ----------------------------------------------------------
                     Light                                                  
                      Rare  Intermediate  Heavy Rare              Total Rare
                     Earth    Rare Earth       Earth  Yttrium          Earth
----------------------------------------------------------------------------
                                Makwa Showing                               
----------------------------------------------------------------------------
                   greater                                                  
                      than                                     greater than
BM015      boulder  14.102         0.677       0.354    0.815         15.947
----------------------------------------------------------------------------
                   greater                                                  
                      than                                     greater than
JR0022B    outcrop  11.624         0.446       0.225    0.411         12.705
----------------------------------------------------------------------------
                   greater                                                  
                      than                                     greater than
JR0027     outcrop   3.155         0.102       0.079    0.163          3.498
----------------------------------------------------------------------------
JR0025     outcrop   8.528         0.607       0.600    1.316         11.052
----------------------------------------------------------------------------
SSD010     boulder   8.167         0.530       0.474    0.981         10.153
----------------------------------------------------------------------------
JR0022     outcrop   5.196         0.279       0.246    0.535          6.256
----------------------------------------------------------------------------
BM014      outcrop   3.340         0.099       0.056    0.116          3.611
----------------------------------------------------------------------------
BM016      outcrop   2.895         0.095       0.042    0.079          3.111
----------------------------------------------------------------------------
JR0026     outcrop   2.379         0.054       0.033    0.065          2.531
----------------------------------------------------------------------------
SSD014     outcrop   1.675         0.126       0.165    0.451          2.417
----------------------------------------------------------------------------
                                Pakwa Showing                               
----------------------------------------------------------------------------
                   greater                                                  
                      than                                     greater than
JR0038     outcrop  13.568         0.755       0.371    0.832         15.526
----------------------------------------------------------------------------
                   greater                                                  
                      than                                     greater than
JR0040     boulder  12.210         0.604       0.344    0.890         14.048
----------------------------------------------------------------------------
JR0039     outcrop   6.590         0.584       0.701    2.095          9.970
----------------------------------------------------------------------------
GTSP-009   outcrop   4.999         0.364       0.332    0.772          6.466
----------------------------------------------------------------------------
JR0042     outcrop   3.073         0.337       0.571    1.392          5.373
----------------------------------------------------------------------------
DM083-1    outcrop   3.079         0.214       0.559    1.487          5.339
----------------------------------------------------------------------------
JR047      outcrop   4.046         0.094       0.055    0.128          4.195
----------------------------------------------------------------------------
GTSP-010   outcrop   1.726         0.274       0.553    1.348          3.901
----------------------------------------------------------------------------
DM081      outcrop   2.518         0.171       0.143    0.310          3.142
----------------------------------------------------------------------------
GTSP-005   boulder   2.861         0.105       0.033    0.107          3.106
----------------------------------------------------------------------------
DM082      outcrop   1.626         0.069       0.083    0.177          1.955
----------------------------------------------------------------------------
JR0049     outcrop   1.094         0.102       0.114    0.263          1.574
----------------------------------------------------------------------------
DM078      outcrop   0.139         0.125       0.641    0.606          1.512
----------------------------------------------------------------------------
DM077-2    outcrop   0.366         0.108       0.461    0.437          1.372
----------------------------------------------------------------------------
DM077-1    outcrop   0.872         0.105       0.188    0.200          1.365
----------------------------------------------------------------------------
GTSP-007   outcrop   0.365         0.067       0.243    0.271          0.946
----------------------------------------------------------------------------
GTSP-011-2 outcrop   0.445         0.029       0.032    0.069          0.575
----------------------------------------------------------------------------

--------------------------------------------------------------
                    HREO +                                    
                   Y2O3 on                                    
Sample                TREO        ZrO2       Nb2O5       Ta2O5
          ----------------------------------------------------
                         %           %           %           %
          ----------------------------------------------------
                             Zirconium     Niobium    Tantalum
--------------------------------------------------------------
                         Makwa Showing                        
--------------------------------------------------------------
BM015       less than 7.3       0.049       0.179       0.007
--------------------------------------------------------------
JR0022B     less than 5.0       0.071       0.103       0.003
--------------------------------------------------------------
JR0027      less than 6.9       0.049       0.025       0.001
--------------------------------------------------------------
JR0025                17.3       0.121       0.040       0.002
--------------------------------------------------------------
SSD010                14.3       0.059       0.075       0.003
--------------------------------------------------------------
JR0022                12.5       0.157       0.034       0.001
--------------------------------------------------------------
BM014                  4.8       0.131       0.052       0.003
--------------------------------------------------------------
BM016                  3.9       0.311       0.042       0.002
--------------------------------------------------------------
JR0026                 3.9       0.053       0.011       0.000
--------------------------------------------------------------
SSD014                25.5      11.527       0.006       0.004
--------------------------------------------------------------
                         Pakwa Showing                        
--------------------------------------------------------------
JR0038      less than 7.8       0.008       0.066       0.001
--------------------------------------------------------------
JR0040      less than 8.8       0.011       0.028       0.001
--------------------------------------------------------------
JR0039                28.0       0.009       0.153       0.003
--------------------------------------------------------------
GTSP-009              17.1       0.006       0.023       0.005
--------------------------------------------------------------
JR0042                36.5       8.581       0.338       0.017
--------------------------------------------------------------
DM083-1               38.3       2.027       0.668       0.014
--------------------------------------------------------------
JR047                  4.2       0.193       0.003       0.000
--------------------------------------------------------------
GTSP-010              48.7       1.145       0.887       0.019
--------------------------------------------------------------
DM081                 14.4       3.230       0.071       0.004
--------------------------------------------------------------
GTSP-005               4.5       0.173       0.024       0.000
--------------------------------------------------------------
DM082                 13.3       0.014       0.004       0.000
--------------------------------------------------------------
JR0049                24.0       0.284       0.047       0.002
--------------------------------------------------------------
DM078                 82.5       3.676       1.531       0.066
--------------------------------------------------------------
DM077-2               65.4       0.908       1.173       0.047
--------------------------------------------------------------
DM077-1               28.4       2.270       0.265       0.019
--------------------------------------------------------------
GTSP-007              54.3       1.554       0.571       0.025
--------------------------------------------------------------
GTSP-011-2            17.6       0.036       0.034       0.000
--------------------------------------------------------------


----------------------------------------------------------------------------
(i) Light Rare Earth, in oxides (LREO) = La2O3 to Nd2O3, (ii) Intermediate  
Rare Earth, in oxides (IREO) =Sm2O3 to Gd2O3, (iii) Heavy Rare Earth, in    
oxides (HREO) = Tb2O3 to Lu2O3, (iv) Y2O3 included in TREO. N.B. : Sub-     
division used by Roskill Information Services Ltd, and Industrial Minerals  
Company of Australia Pty Ltd. greater than : Assay Results higher than      
overlimits.                                                                 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                       Dy2O3       Nd2O3       Tb2O3        Y2O3       Eu2O3
----------------------------------------------------------------------------
                           %           %           %           %           %
----------------------------------------------------------------------------
Sample    Nature  Dysprosium   Neodymium     Terbium     Yttrium    Europium
----------------------------------------------------------------------------
                                Pakwa Showing                               
----------------------------------------------------------------------------
JR0039   outcrop       0.253       1.493       0.041       2.095       0.033
----------------------------------------------------------------------------
DM078    outcrop       0.206       0.056       0.022       0.606       0.007
----------------------------------------------------------------------------
JR0042   outcrop       0.201       0.693       0.026       1.392       0.018
----------------------------------------------------------------------------
GTSP-010 outcrop       0.184       0.449       0.024       1.348       0.015
----------------------------------------------------------------------------
DM083-1  outcrop       0.172       0.509       0.021       1.487       0.015
----------------------------------------------------------------------------
DM077-2  outcrop       0.162       0.099       0.018       0.437       0.006
----------------------------------------------------------------------------
JR0038   outcrop       0.161       3.103       0.031       0.832       0.042
----------------------------------------------------------------------------
JR0040   boulder       0.149       2.449       0.026       0.890       0.031
----------------------------------------------------------------------------
GTSP-009 outcrop       0.136       0.962       0.024       0.772       0.020
----------------------------------------------------------------------------
GTSP-007 outcrop       0.070       0.081       0.010       0.271       0.003
----------------------------------------------------------------------------
DM077-1  outcrop       0.058       0.212       0.009       0.200       0.005
----------------------------------------------------------------------------
DM081    outcrop       0.053       0.569       0.010       0.310       0.009
----------------------------------------------------------------------------
JR0049   outcrop       0.047       0.240       0.008       0.263       0.007
----------------------------------------------------------------------------
DM082    outcrop       0.029       0.250       0.005       0.177       0.004
----------------------------------------------------------------------------
JR047    outcrop       0.021       0.604       0.004       0.128       0.006
----------------------------------------------------------------------------
GTSP-005 boulder       0.017       0.476       0.004       0.107       0.006
----------------------------------------------------------------------------
GTSP-                                                                       
 011-2   outcrop       0.012       0.082       0.002       0.069       0.002
----------------------------------------------------------------------------
                                Makwa Showing                               
----------------------------------------------------------------------------
JR0025   outcrop       0.235       1.907       0.038       1.316       0.036
----------------------------------------------------------------------------
SSD010   boulder       0.190       1.674       0.031       0.981       0.032
----------------------------------------------------------------------------
BM015    boulder       0.151       3.126       0.031       0.815       0.036
----------------------------------------------------------------------------
JR0022B  outcrop       0.101       2.012       0.019       0.411       0.022
----------------------------------------------------------------------------
JR0022   outcrop       0.100       0.900       0.017       0.535       0.014
----------------------------------------------------------------------------
SSD014   outcrop       0.058       0.308       0.009       0.451       0.007
----------------------------------------------------------------------------
JR0027   outcrop       0.031       0.433       0.005       0.163       0.006
----------------------------------------------------------------------------
BM014    outcrop       0.023       0.483       0.005       0.116       0.006
----------------------------------------------------------------------------
BM016    outcrop       0.019       0.468       0.004       0.079       0.005
----------------------------------------------------------------------------
JR0026   outcrop       0.014       0.301       0.003       0.065       0.003
----------------------------------------------------------------------------
                           Certitude Nord Showing                           
----------------------------------------------------------------------------
DM042    outcrop       0.485       0.131       0.051       2.209       0.019
----------------------------------------------------------------------------
DM039    outcrop       0.062       0.275       0.012       0.459       0.009
----------------------------------------------------------------------------
BM0023   outcrop       0.047       0.164       0.007       0.239       0.005
----------------------------------------------------------------------------
         angular                                                            
DM017    boulder       0.042       0.168       0.006       0.239       0.004
----------------------------------------------------------------------------
BM030    outcrop       0.039       0.781       0.008       0.177       0.010
----------------------------------------------------------------------------
DM008    outcrop       0.035       0.094       0.006       0.281       0.005
----------------------------------------------------------------------------
DM024    boulder       0.030       0.457       0.006       0.154       0.006
----------------------------------------------------------------------------
DM051    boulder       0.026       0.018       0.004       0.185       0.001
----------------------------------------------------------------------------
BM032    outcrop       0.026       0.342       0.005       0.082       0.007
----------------------------------------------------------------------------
DM041    outcrop       0.025       0.008       0.003       0.188       0.001
----------------------------------------------------------------------------
DM026    outcrop       0.024       0.247       0.005       0.126       0.006
----------------------------------------------------------------------------
DM007    outcrop       0.022       0.138       0.003       0.171       0.003
----------------------------------------------------------------------------
DM023    outcrop       0.021       1.133       0.005       0.085       0.008
----------------------------------------------------------------------------
DM038    outcrop       0.021       0.007       0.002       0.187       0.001
----------------------------------------------------------------------------
DM034    outcrop       0.020       0.105       0.003       0.106       0.002
----------------------------------------------------------------------------
DM029    outcrop       0.018       0.377       0.004       0.098       0.004
----------------------------------------------------------------------------
DB057    outcrop       0.017       0.114       0.003       0.070       0.002
----------------------------------------------------------------------------
DM045    outcrop       0.017       0.050       0.002       0.127       0.001
----------------------------------------------------------------------------
DM028    outcrop       0.017       0.377       0.003       0.084       0.005
----------------------------------------------------------------------------
DM056    outcrop       0.015       0.099       0.002       0.063       0.002
----------------------------------------------------------------------------
DM043    outcrop       0.013       0.048       0.002       0.088       0.001
----------------------------------------------------------------------------
BM0026   outcrop       0.013       0.107       0.002       0.100       0.001
----------------------------------------------------------------------------
DM048    outcrop       0.012       0.036       0.002       0.071       0.001
----------------------------------------------------------------------------
DM054    outcrop       0.012       0.087       0.002       0.064       0.002
----------------------------------------------------------------------------
BM0025   outcrop       0.011       0.202       0.002       0.050       0.003
----------------------------------------------------------------------------
DM013    outcrop       0.009       0.096       0.002       0.051       0.001
----------------------------------------------------------------------------
DM044    outcrop       0.007       0.012       0.001       0.063       0.000
----------------------------------------------------------------------------
DM053    outcrop       0.005       0.020       0.001       0.057       0.000
----------------------------------------------------------------------------
DM016    outcrop       0.003       0.026       0.001       0.012       0.001
----------------------------------------------------------------------------
DM050    outcrop       0.003       0.002       0.000       0.029       0.000
----------------------------------------------------------------------------

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan. Following the positive conclusion of the PEA study filed on SEDAR in March 2012, Matamec and TRECan decided to move directly to the feasibility study currently in process and expected to be completed by the end of the second quarter 2013. The PEA study highlighted that the project has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012). Resources that are not mineral reserves do not have demonstrated economic viability.

In parallel, the Company is exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.

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 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 Sakami, Valmont and Vulcain properties. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Wachigabau property.

A figure is available at the following address: http://media3.marketwire.com/docs/mata-eng.pdf

"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."

Contacts: Andre Gauthier President (514) 844-5252 514-844-0550 (FAX)info@matamec.com www.matamec.com Edward Miller Director IR (514) 844-5252 ext. 205 514-844-0550 (FAX)edward.miller@matamec.com

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