Metco Resources inc.
TSX VENTURE : MKO

Metco Resources inc.

July 12, 2007 10:44 ET

Metco Begins Drilling on Mont de l'Observation Property, Gaspe

MONTREAL, CANADA--(Marketwire - July 12, 2007) - Metco Resources Inc. ("Metco") (TSX VENTURE:MKO) is starting a 1,500 m drilling program on the Mont de l'Observation property located in the prolific copper district of the Gaspe Peninsula, in Quebec. The work is done within a Joint-Venture Agreement on a 50:50 basis with Regal Consolidated Ventures Limited ("Regal"). Metco acts as the operator.

Located within the Murdochville, Chandler, Bonaventure triangle, the Mont de l'Observation property consists of 399 contiguous claims covering 22,283 ha (19 km by 14 km). The geological context of the property is similar to that of the Michigan copper deposits. Malachite, chalcocite, bornite, native copper (with nuggets of up to 30 kg) and native silver have been noted on the property, in an environment of sandstones and volcanic rocks.

The first drill holes will test the major structures intersecting the favourable horizons namely the volcanic rocks.

About Metco

Metco's corporate strategy is to search for, acquire, explore and develop mining properties with strong base metal potential throughout Canada. Its properties are located in the well-known Matagami, Lebel-sur-Quevillon, Rouyn-Noranda, Chibougamau and Gaspe mining camps. Two of its projects, Caber (100% Metco) and Orphee (50% Metco, 50% Breakwater), are presently at the prefeasibility stage. The Caber-Caber North study is due in July and the Orphee study in August.

For more information, please consult the Company's website at www.metco.ca.

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

Florent Gauthier, P.Eng., is the qualified person who has reviewed the content of this news release.

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