Matamec Explorations Receives Assay Results from Kipawa Deposit in Quebec

Matamec Explorations Inc. (TSX VENTURE:MAT) has announced that assay results have been received for a further eight DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.

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

Of the 42 DDH of the campaign, full results have been received for the first 13 holes (see the January 27th and February 10th press releases), and partial results have yet to be received for a further 17 DDH (KM107 to KM123). All are mineralized with both eudialyte and Mosandrite.

Andre Gauthier, Matamec's president, comments that: "The Kipawa high grade zone is still going strong up to hole KM102. The Central zone is slightly less enriched, almost by definition, but Kipawa's strengths remain in effect there, namely its significant heavy rare earth enrichment and the ease with which we're getting high recuperation rates in our ongoing lab tests."

The drilling results set out above are preliminary, as some of the REE and zirconium analyses exceeded the limits of the analytical methods. Full results will be released when they become available.

Upon receipt of final 2010-2011 assay results, a new 43-101 resource estimate will be completed by SGS Geostat using the new data. Matamec's next drilling campaign on the Zeus property, set to begin in spring 2010, will aim to better define the extensions of the deposit.

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.

Source:

Matamec Explorations Inc.

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