Matamec Explorations inc.
TSX VENTURE : MAT

Matamec Explorations inc.

July 06, 2009 12:10 ET

All Items Approved at Matamec Annual Meeting and Stock Options Granted to a New Director

MONTREAL, QUEBEC--(Marketwire - July 6, 2009) - Matamec Explorations Inc. ("Matamec")(TSX VENTURE:MAT) is pleased to announce that it has held their shareholders annual meeting on June 30, 2009, in Montreal. The results are as follows:

- Andre Gauthier, Aline Leclerc, Laval St-Gelais and James D.A. White were re-elected, while Normand Tamaro was elected, as directors of the corporation;

- The firm of Petrie Raymond - Chartered accountants - L.L.P. was appointed for another year as auditors of the corporation;

As to Mr. Tamaro, he will join the Company as an independent director. Called to the Quebec Bar in 1982 and LL.D since 1995, Mr. Tamaro is in private practice with the legal firm Mannella, Gauthier, Tamaro, and he is specialized in intellectual property law. Furthermore, he is the author of many articles published in specialized reviews and several books, in French and in English regarding copyright.

The Board of Directors at its last meeting approved the granting of 400,000 stock options at a price of $0.10 per share for a period of five years to Mr. Tamaro. These options, as well as the terms and conditions of their exercise, are governed by the Company's Stock Option Plan.

In addition, Mr. Richard H. Sutcliffe did not seek another term as a director. The Board of Directors and management of Matamec wish to acknowledge Mr. Sutcliffe's valuable contribution since the summer of 2008.

About Matamec

Matamec is exploring for significant gold deposits in the Timmins mining camp in Ontario, of which the three main targets are the following: Matheson JV with Goldcorp Canada Ltd and Goldcorp Inc., Montclerg and 2W properties. In Quebec, the Company is exploring mainly for precious and base metals on Lesperance/Wachigabau with Northern Superior Resources Inc., Sakami, Tansim, Valmont and Vulcain properties, rare metals and uranium on Tansim, and REE on Zeus property.

"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."

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