Matamec Explorations inc.
TSX VENTURE : MAT
OTCQX : MHREF

Matamec Explorations inc.

March 02, 2015 07:00 ET

Pierre Leblanc Joins Matamec's Board of Directors

MONTRÉAL, QUÉBEC--(Marketwired - March 2, 2015) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT) is pleased to announce that Pierre Leblanc has joined its Board of Directors as an independent director. Mr. Leblanc is the representative designated by Ressources Québec inc. ("RQ") under the right of nomination it is granted by the Corporation in the context of RQ's total contribution to Matamec of $4 million, as announced on September 19, 2014, October 3, 2014 and January 26, 2015.

Mr. Leblanc has 37 years' experience at KPMG, including 29 as an audit partner. He thus acquired an impressive track record as an auditor of Canadian and American public companies and was a securities audit partner in Canada. Mr. Leblanc directed the audit group for clients operating in the natural resources (forestry and mining) sector. He was also the leader of KPMG initiatives related to Quebec's Plan Nord. Pierre retired from KPMG on October 1, 2013.

In the course of his professional career, Mr. Leblanc acted as partner responsible for professional practice at KPMG's Quebec City office for 13 years. He then became one of the professional practice partners at KPMG in Montreal, a position he held for three years before returning full time as Partner responsible for auditing of Canadian and American public companies. Mr. Leblanc was accredited as a securities audit partner in Canada for over fifteen years and participated in many public offerings (debt and equity), both in Canada and in the United States.

Mr. Leblanc facilitated many continuing education sessions for the firm's personnel in management, accounting and auditing, and for members of KPMG's client audit committee regarding new developments in accounting and securities regulation. In the course of his career, his client portfolio included public companies, such as Alderon Iron Ore Corp., Iron Ore Company of Canada, Cambior, Palmarejo Silver and Gold Corporation, IAMGOLD, Consolidated Thompson Iron Mines Limited, North American Palladium, Orbite Aluminae, Mines Richmont, MDN, Adventure Gold, MAAX, Donohue, Tembec, Vidéotron, Quebecor and Transforce.

Mr. Leblanc holds a Bachelor of Business Administration degree from the Université du Québec à Chicoutimi, obtained in 1976, and has been a member of the Canadian Institute of Chartered Professional Accountants and the Ordre des comptables professionnels agréés du Québec since 1978.

According to the Company policies, the Board of Directors granted 400,000 stock options to Mr. Leblanc at an exercise price of $0.10 per share for a period of 5 years. Terms as conditions of exercise are regulated by the Stock Option Plan to purchase shares of the Company.

André Gauthier, President of Matamec, welcomes Mr. Leblanc to the Corporation's Board of Directors. He adds that: "Pierre's experience, both in auditing public companies operating in the Canadian natural resources sector and his participation in public offerings in Canada and the United States, will strengthen the team decision-making capacity of Matamec's present Board of Directors." The President further adds: "In its regular quest for improvement of its governance practices, the Corporation will have an additional independent director, Pierre Leblanc."

Neither the 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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