Matamec Explorations Inc.
TSX VENTURE : MAT

Matamec Explorations Inc.

April 13, 2011 10:00 ET

Matamec Intersects 1.04% ZrO2 Over 73.3 Metres on its Kipawa HREO-Y-Zr Deposit

MONTREAL, QUEBEC--(Marketwire - April 13, 2011) -Matamec Explorations Inc. ("Matamec") (TSX VENTURE:MAT) is pleased to announce that final zirconium assay results have now been received for all 42 DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.

The drill program started on December 1, 2010 and ended on February 8, 2011 for a total of 3,332 meters drilled. Its main objective was to upgrade the resource, moving the majority of inferred resources into the indicated category.

Final zirconium results for the first 13 holes were released in the February 10th press release (holes KM-82 to KM94). Mineralized intervals for the remaining 29 holes are presented below (see Table 1 and Figure 1). All are well mineralized with vlasovite and its alteration mineral gittinsite, which can contain from 30 to 41% zirconium oxyde.

Andre Gauthier, Matamec's president, underlines that: "The zirconium content of the Kipawa deposit is and remains very steady at around 1% over the whole syenite interval. But what makes Kipawa zirconium potentially very interesting is that it's not in the very refractory mineral zircon, but in minerals that our experts believe will prove amenable to easy chemical dissolution (notably vlasovite). As with rare earths, the Kipawa advantage is in the mineralogy."

Table 1

Final Zirconium Zones Assay Results, 0.5% ZrO2cut-off

2010-2011 Kipawa HREO-Y-Zr Deposit Drill Program

Drill
Hole
From
(m)
To
(m)
Width
(m)
ZrO2
(%)
KM952.166.664.51.08
KM961.3575.2573.91.02
KM971083.2273.21.02
KM9810.583.7573.31.04
KM991.768.566.81.06
KM10020.39069.70.88
KM10112.580.3767.90.96
KM10217.7777.860.01.15
KM10317.5587.6570.10.99
KM104 15.9552.1536.20.91
57.279.9522.81.07
KM105 14.253419.80.80
3981.542.51.15
KM106 27.939.1511.30.86
4886.9539.01.07
KM1076.155.249.11.17
KM1084.8553.4548.61.13
KM1091856.4538.51.01
KM1102888.9260.90.81
KM111 29.6234.224.60.65
42.683.741.10.97
KM11223.257248.80.94
KM1139.9552.142.21.10
KM114570.0865.11.07
KM1151775.9458.90.72
KM1163.641.6638.11.07
KM117 25.0753.628.51.40
607111.00.77
KM11819.582.763.21.10
KM119126957.01.06
KM12015.467.5252.10.99
KM1213.563.5360.00.97
KM1221.95048.11.01
KM123 2.459.57.11.03
1863.0245.00.94
Average :1.01
*** All of Matamec's drill holes, in all three campaigns carried out at Zeus, are oriented at 39 degrees north and have a plunge between -60 and -70 degrees. This is within 10 degrees of perpendicular to the local dip of the mineralized syenite body. Widths provided in all of Matamec's tables are therefore thought to approximate true widths to within 3%.

As all assay results have now been received, a new 43-101 resource estimate is now underway by SGS Geostat using the new data.

Matamec's next drilling campaign on the Zeus property, set to begin in summer 2010, will aim to better define the extensions of the deposit and explore some of the previously discovered showings.

QAQC procedures

Matamec maintains a quality control program conforming to the industry's best practices. The NQ core is split, with one half kept as a witness at our Val d'Or facilities. Samples are then submitted in batches of 25, each containing two known standards and one blank, to the ALS Chemex ("ALS") preparation facility in Val d'Or where the samples are reduced to pulps and couriered to ALS in Vancouver (B.C.) for analysis. The samples are dissolved using a lithium metaborate fusion before being analysed by ICP-MS methods on a 2 gram sample size, with overlimits handled either by ICP-MS on a dilute solution, in the case of rare earths, or by XRF, in the case of zirconium. The samples and core are managed in a secure location until delivered to ALS. ALS maintains ISO 17025 certification, the highest accreditation available for QA/QC.

Aline Leclerc, geologist (OGQ) and Matamec's Vice-President Exploration, is Matamec's Qualified Person for this press release write up.

About Matamec

Other than its focus on the development of the Kipawa deposit and exploration for other showings of rare earths-yttrium-zirconium-niobium-tantalum on its Zeus property, Matamec's exploration strategy is to discover gold deposits, base metals and platinum group, as well as rare metals.

For gold, the company explores in the prolific mining camp of Timmins, Ontario, of which the main target is the Matheson property.

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.

A map is available at the following address: http://file.marketwire.com/release/MatFig1.pdf

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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