Montclerg

On November 20, 2013, China Goldcorp Ltd. (NEX: CAU.H) announced the proposed reverse take-over (RTO) of International Explorers and Prospectors Inc. (IEP) where it was disclosed that IEP’s material property and primary focus of the transaction is the Montclerg Project, located approximately 48 kilometres northeast of Timmins. The RTO is presently in progress with regulatory authorities.  Matamec is pleased to disclose that it holds a 1% Net Smelter Royalty (NSR), of which one-half of one percent (0.5%) may be redeemable at any time for $1,000,000 on the Montclerg property.  The Company wishes to note that it sold its 51% interest in the Montclerg property for $1.4 million and a 1% NSR on March 31, 2010 when the price of gold was at US$1,115 and after spending a total of $1,305,000 in acquisition and exploration costs on the property.