HMZ Metals Inc.

HMZ Metals Inc.

July 28, 2006 14:12 ET

HMZ Provides Corporate Update

TORONTO, ONTARIO--(CCNMatthews - July 28, 2006) - HMZ Metals Inc. ("HMZ" or the "Company")(TSX:HMZ) provides bi-weekly update pursuant to the Management Cease Trade Order announced April 18, 2006.

The Company is currently taking steps to safeguard its shareholders interests and continues to work towards a definitive settlement of all outstanding issues with its Chinese partners in order to provide a viable framework for future operations.

HMZ management plans to be in China the week of August 7th to move ahead with both the audit of its Chinese operations and the due diligence review a number of new projects.

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