Matamec Intersects 1.04% ZrO2 Over 73.3 Metres on its Kipawa HREO-Y-Zr Deposit

MONTREAL, QUEBEC, Apr 13, 2011 (MARKETWIRE via COMTEX News Network) --

Matamec Explorations Inc. ("Matamec") (TSX VENTURE: MAT) is pleased to announce that final zirconium assay results have now been received for all 42 DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.

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

Final zirconium results for the first 13 holes were released in the February 10th press release (holes KM-82 to KM94). Mineralized intervals for the remaining 29 holes are presented below (see Table 1 and Figure 1). All are well mineralized with vlasovite and its alteration mineral gittinsite, which can contain from 30 to 41% zirconium oxyde.

Andre Gauthier, Matamec's president, underlines that: "The zirconium content of the Kipawa deposit is and remains very steady at around 1% over the whole syenite interval. But what makes Kipawa zirconium potentially very interesting is that it's not in the very refractory mineral zircon, but in minerals that our experts believe will prove amenable to easy chemical dissolution (notably vlasovite). As with rare earths, the Kipawa advantage is in the mineralogy."

Table 1

Final Zirconium Zones Assay Results, 0.5% ZrO2 cut-off

2010-2011 Kipawa HREO-Y-Zr Deposit Drill Program

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Drill                      From             To          Width          ZrO2
Hole                        (m)            (m)            (m)            (%)
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KM95                        2.1           66.6           64.5           1.08
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KM96                       1.35          75.25           73.9           1.02
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KM97                         10          83.22           73.2           1.02
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KM98                       10.5          83.75           73.3           1.04
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KM99                        1.7           68.5           66.8           1.06
----------------------------------------------------------------------------
KM100                      20.3             90           69.7           0.88
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KM101                      12.5          80.37           67.9           0.96
----------------------------------------------------------------------------
KM102                     17.77           77.8           60.0           1.15
----------------------------------------------------------------------------
KM103                     17.55          87.65           70.1           0.99
----------------------------------------------------------------------------
KM104                     15.95          52.15           36.2           0.91
                ------------------------------------------------------------
                           57.2          79.95           22.8           1.07
----------------------------------------------------------------------------
KM105                     14.25             34           19.8           0.80
                ------------------------------------------------------------
                             39           81.5           42.5           1.15
----------------------------------------------------------------------------
KM106                      27.9          39.15           11.3           0.86
                ------------------------------------------------------------
                             48          86.95           39.0           1.07
----------------------------------------------------------------------------
KM107                       6.1           55.2           49.1           1.17
----------------------------------------------------------------------------
KM108                      4.85          53.45           48.6           1.13
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KM109                        18          56.45           38.5           1.01
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KM110                        28          88.92           60.9           0.81
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KM111                     29.62          34.22            4.6           0.65
                ------------------------------------------------------------
                           42.6           83.7           41.1           0.97
----------------------------------------------------------------------------
KM112                     23.25             72           48.8           0.94
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KM113                      9.95           52.1           42.2           1.10
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KM114                         5          70.08           65.1           1.07
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KM115                        17          75.94           58.9           0.72
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KM116                       3.6          41.66           38.1           1.07
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KM117                     25.07           53.6           28.5           1.40
                ------------------------------------------------------------
                             60             71           11.0           0.77
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KM118                      19.5           82.7           63.2           1.10
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KM119                        12             69           57.0           1.06
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KM120                      15.4          67.52           52.1           0.99
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KM121                       3.5          63.53           60.0           0.97
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KM122                       1.9             50           48.1           1.01
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KM123                      2.45            9.5            7.1           1.03
                ------------------------------------------------------------
                             18          63.02           45.0           0.94
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                                                    Average :           1.01
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(iii) All of Matamec's drill holes, in all three campaigns carried out at
Zeus, are oriented at 39 degrees north and have a plunge between -60 and -70
degrees. This is within 10 degrees of perpendicular to the local dip of the
mineralized syenite body. Widths provided in all of Matamec's tables are
therefore thought to approximate true widths to within 3%.
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As all assay results have now been received, a new 43-101 resource estimate is now underway by SGS Geostat using the new data.

Matamec's next drilling campaign on the Zeus property, set to begin in summer 2010, will aim to better define the extensions of the deposit and explore some of the previously discovered showings.

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.