Metco Resources inc.
TSX VENTURE : MKO

Metco Resources inc.

September 27, 2007 16:11 ET

Matagami: Metco Begins Drilling on Samson Property

MONTREAL, CANADA--(Marketwire - Sept. 27, 2007) - Metco Resources Inc. ("Metco") (TSX VENTURE:MKO) is set to begin a 2,000 m drilling program on the Samson property, located to the north-west of its Caber and Caber North deposits. Seven holes will be drilled on InfiniTEM anomalies that have been detected mainly on a 5.5-km wide sector of the property with the Key Tuffite on either side, as well as on a 1.2-km wide band in the western part of the Samson Block. The work program is being carried out under the option and joint venture agreement with SOQUEM INC. ("SOQUEM"), which provides for Metco to earn a 50% interest in the Samson property by incurring a minimum of $700,000 in cumulative exploration expenses (approx. $550,000 remaining) before March 31, 2010, under the direction and management of SOQUEM.

Developed on Caber property, the InfiniTEM method can detect the Caber North deposit at a vertical depth of 350 metres below surface. It should also be noted that the Samson Block is still relatively unexplored. The Key Tuffite has been identified on the Samson Block, and there is therefore good potential for the discovery of a massive sulphide deposit within 400 metres of surface that could be located by shallow drilling. The Key Tuffite (Miller, 1960) is the horizon that hosts nearly all deposits of the Matagami mining camp, and corresponds to the level of time and space prevailing during the formation of the volcanogenic massive sulphide deposits of this mining camp. This horizon marks the favourable contact between the rhyolitic lavas of the Watson Lake Formation at the base, overlain by the basaltic lavas of the Wabassee Formation (Sharpe, 1968).

SOQUEM is a wholly-owned subsidiary of Societe generale de financement du Quebec (SGF). The mission of SGF, an industrial and financial holding company, is to carry out economic development projects in the industrial sector in cooperation with partners and in conformity with the economic development policies of the Quebec Government.

About Metco: Metco's corporate strategy is to search for, acquire, explore and develop mining properties with strong base metal potential throughout Canada. Its properties are located in the well-known Matagami, Lebel-sur-Quevillon, Rouyn-Noranda, Chibougamau and Gaspe mining camps. Two of its projects, Caber (100% Metco) and Orphee (50% Metco, 50% Breakwater), are presently at the prefeasibility stage.

For more information, please consult the Company's website at www.metco.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Florent Gauthier, P.Eng., is the qualified person who has reviewed the content of this news release.

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