Metco Resources inc.
TSX VENTURE : MKO

Metco Resources inc.

April 15, 2008 10:35 ET

Finalisation of Metco/Breakwater Merger Arrangement

MONTREAL, CANADA--(Marketwire - April 15, 2008) - Metco Resources Inc. ("Metco") (TSX VENTURE:MKO) is pleased to inform you that an honourable judge of the Quebec Superior Court has issued on April 14th, 2008, the final order confirming the arrangement with Breakwater Resources Inc. ("Breakwater").

At the same time, the Company has filed an application with the Enterprise Registrar for a certificate of amendment confirming the arrangement and a certificate of amalgamation of Metco and 9192-3573 Inc., a wholly-owned subsidiary of Breakwater.

The arrangement will be effective as at the date of the issuance of the Registrar's Certificate, expected to be April 15th, 2008, subject to the confirmation on April 16th, 2008 of the issuance of the Certificate from the Registrar at which date Metco will be delisted from the TSX Venture Exchange.

Management wishes to express its sincere appreciation to the shareholders of Metco for their ongoing support over the years, and their very overwhelming majority approval of the transaction.

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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