Additional Claims at Sakami

Matamec Explorations Inc. is pleased to announce that it has acquired an additional 31 exploration cells contiguous to its 100% owned SAKAMI property. This extension of the property covers the rest of the greenstone belt (massive and pillow type mafic volcanites) not already covered by the original property, on the western side of the Sakami deformation corridor. This addition brings the total area of the wholly owned SAKAMI property to 185 square kilometers (71.5 square miles). The summer exploration program described in the press release issued on June 7, 2002 is progressing successfully, with five (5) professional geologists on site with support crews. Additional gold bearing targets have been identified and will be reported on as analytical results become available. Zones 25 and 26: The sampling of the diamond drill cores obtained during the winter drilling campaign is being completed and the geological structures are being interpreted. These results will also be reported on as they become available. Additional drilling in this area is also planned for completion toward the end of the summer season. The shares of Matamec Explorations Inc. are traded on the TSX Venture stock exchange (formerly CDNX).