Matamec Explorations inc.
TSX VENTURE : MAT

Matamec Explorations inc.

February 25, 2008 11:11 ET

Matamec Appoints Ambleside Point Communications as Investor Relations Firm for Western Canada

MONTREAL, QUEBEC--(Marketwire - Feb. 25, 2008) - Matamec Explorations Inc. ("Matamec")(TSX VENTURE:MAT) announces that it has finalized an arrangement with Ambleside Point Communications Inc. to provide investor relations and financial communications services for the Company for the Western Region of Canada. Ambleside Point Communications Inc., a Vancouver based employee-owned firm, provides services to Canadian companies primarily in the mining sector. The contract for selected services, which has an initial term of a minimum 3 months and can be terminated with -30 days notice, requires a monthly retainer of $4,000 and the grant of 200,000 share purchase options exercisable at a price of $0.17 per share for a period of one year, which shall vest in increments of 25% during the first four quarters. These options, as well as their exercising conditions, are governed by the Company's stock option plan.

Also, Matamec informs that the address and phone numbers of the head office have changed to:



1010 Sherbrooke Street West, Suite 200,
Montreal (Quebec) H3A 2R7
Tel.: (514) 844-5252 Fax: (514) 844-0550


About Matamec

Matamec is a mining exploration company which is exploring for significant gold deposits in Ontario, and uranium and base metals deposits in Quebec. For gold, it has mainly targeted the East Timmins mining camp, in particular properties that are underexplored or have only been explored near-surface. Matamec's numerous uranium and base metals properties are located throughout the province of Quebec.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Matamec Explorations inc.
    Andre Gauthier
    President
    Head Office
    514-844-5252
    or
    Matamec Explorations inc.
    Michael D'Amico
    Investor Relations
    East Region
    647-500-6023
    or
    Matamec Explorations inc.
    Barry Bergstrom
    Investor Relations
    West Region
    604-609-6164
    or
    Matamec Explorations inc.
    info@matamec.com
    www.matamec.com