Drilling for Gold is Underway on the Matheson Property

MONTREAL, QUEBEC, Feb 22, 2010 (MARKETWIRE via COMTEX News Network) --

Matamec Explorations Inc. (TSX VENTURE: MAT) ("Matamec") is pleased to announce that diamond drilling has started on the Matheson property where Matamec, as the operator, is in partnership with Goldcorp Canada Inc./Goldcorp Inc. (Goldcorp). Drill-hole MMP-10-01 has already reached bedrock and has returned 30 metres of core. The program is planned for a minimum of 2600 metres of NQ-calibre drilling.

The goal is to verify the presence of structural traps that could allow the concentration of high grade gold-bearing mineralization within the volcano-sedimentary stratigraphy, as is the case for the Hoyle Pond Mine located 1.7 kilometres to the West. In the other volcano-sedimentary corridors situated to the North, the drilling will verify the presence of these same types of structures. The first assay results will be released as soon as they are available.

The geological data in this press release was prepared by Aline Leclerc, geologist and Matamec's Vice-President Exploration, a Qualified Person as defined by NI 43-101.