Matamec Announces Appointment of Leading Expert of Rare Earths as Director of Marketing

MONTREAL, QUEBEC--(Marketwired - April 16, 2013) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce the continued expansion of its management team with the appointment of Michael Roche to the position of Director of Marketing of Rare Earths and Specialty Metals. He reports to President and CEO, Andre Gauthier.

"Matamec is quite fortunate to have Michael as a member of the Matamec team," said Andre Gauthier, President and CEO of Matamec Explorations. "His depth of experience with over two decades as a chemist and as a leading expert in the sales of chemicals and rare earths give the Company considerable knowledge to complete the value chain in becoming a leading global heavy rare earth producer. Mr. Roche has considerable contacts in the industry which positions Matamec favourably in identifying specific end-users to their needs for rare earths."

Mr. Roche began his career working as a synthetic organic chemist at ACIC Inc. (now a division of Apotex). He then changed his career path towards a sales and marketing role. After joining Houghton Canada as Sales Representative, he was promoted to National Sales Manager. Following his tenure at Houghton, Mr. Roche joined Treibacher Industrie Inc., an Austrian based company specializing in Rare Earths and Vanadium products. Michael served as North American Sales Manager for four years. Michael is a graduate of the University of Guelph from the Honours Bachelors of Science Program (Chemistry Major with a Minor in Mathematical Sciences).

Matamec's biographies of is complete management team are available for viewing at www.matamec.com.

Technology Metals Summit

The Company also announced that Mr. Andre Gauthier, President and CEO, will present as a member of a panel called: "Security of Supply: From Investors - End Users drive market demand by formalizing resource deals - Matamec's deal with Toyota." The presentation will take on Sunday, April 21, 2013, at 3:45 p.m. ET at the Sheraton Centre in Toronto.

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan. Following the positive conclusion of the PEA study filed on SEDAR in March 2012 and the hiring of a VP Project development and Construction, Matamec and TRECan decided to move directly to the feasibility study. The March 2012 press release highlighted that the project has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012). Resources that are not mineral reserves do not have demonstrated economic viability.

In parallel, the Company is exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.

The company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario.

In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Lesperance/Wachigabau property.