SOURCE: Quantitative Methods, Corp.

January 22, 2007 15:40 ET

Quantitative Methods, Corp. Announces Acquisition of 292 Claims in the Matagami Mining Camp

NEW YORK, NY -- (MARKET WIRE) -- January 22, 2007 -- Quantitative Methods, Corp. (OTCBB: QTTM) today announced that as part of its $4.5 million total investment, it has acquired 292 claims in the Matagami Mining Camp, located in the Province of Quebec, Canada. The mining claims are located adjacent to the Perseverance Zinc mine owned by Xstrata plc, the world's fifth-largest diversified mining company by market capitalization. QTTM has, in effect, completed the acquisition of 292 mining claims covering an area of 35 square miles in the Matagami Mining Camp. The transaction was made between "Quantitative Methods, Corp." and "Exploration Minière Grenville Inc.," and is for an aggregate value of $4.5 million (US) in return for valued consideration, including cash and shares.

QTTM Management has completed the Due Diligence. (This transaction is conditional on the approval of Regulating and Governing authorities.) The mining claims are located approximately 10 km west of Matagami, in the "Daniel Cavalier Townships." (NTS Map Sheet 32F12). Matagami Mining Camp is a world-class mining district, composed of 18 known volcanogenic massive sulphide (VMS) deposits. The area is host to historical production of 8.6 billion pounds of Zinc and 853 million pounds of Copper and has established infrastructure including a railway, paved road and a 2,350 t/day mill owned by Falconbridge.

The Board of Directors also announced the change of its Law Firm to "Michael S. Krome" Attorney, 8 Teak Court, Lake Grove, New York, 11755, (631-737-8381). The firm made the change to facilitate daily access to a legal advisor. The firm has completed all terms and severances with its previous law firm.

For more information, please contact Mr. John Michaels, Investor Relations at (514) 812-4568 or via email at info@qttmtech.com.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results.

Contact Information

  • Contact:

    Quantitative Methods, Corp.
    John Michaels
    Investor Relations
    Ph# (514) 812-4568
    E-mail : info@qttmtech.com