HMZ Metals Inc.

HMZ Metals Inc.

October 23, 2006 18:57 ET

HMZ Metals Announces Resignation of Auditor

TORONTO, ONTARIO--(CCNMatthews - Oct. 23, 2006) - HMZ Metals Inc. (the "Company") (TSX:HMZ) announced today that KPMG LLP has resigned as the Company's Auditor. The Company is in discussions with other public company accounting firms and expects to announce a replacement Auditor shortly. The Company continues in its efforts to resolve outstanding issues with its Chinese partners and is moving ahead on the due diligence of a number of new opportunities in China.

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