Confirmed Nickel-Copper Mineralization on Vulcain

Matamec Explorations Inc. («Matamec») is pleased to announce the first drilling results on the Vulcain property, situated 165 kilometres southeast of Val d’Or. Several intrusions of ultramafic rock mineralized in nickel-copper-cobalt and precious metals are recognized on this property of approximately 90 km2. The exploration campaign which has just ended consisted of drilling a first EM geophysic al anomaly of 700 metres long centered on the Renzy Lake ultramafic intrusion. Other geophysical anomalies are identified in this intrusion and will be the target of future drilling campaigns. Nineteen vertical drill holes were completed for a total of 1,500 metres. The first nine holes were aimed at exploring the southern part of the anomaly while the latter ten drill holes aimed at better defining the resources in the northern part, site of the past-producing Renzy Mine. The first results are focused on the drill holes in the southern part which totaled 697 metres. Eight drill holes intersected pyrrhotite-chalcopyrite-pentlandite mineralization in the ultramafic layers enclosed in aragneisses. A zone of mineralized ultramafic rocks 275 metres long by 150 metres wide is now recognized in the southern part of the EM anomaly and represents the southward continuity of the northern mineralized zones. Each of the eight drill holes has one or several of these types of mineralization, that is: magmatic breccia with sulphidic matrix, massive sulphide veins, sulphide veinlets in all directions and finely disseminated sulphides over core lengths varying from 5.75 to 29.53 metres. The best results are presented in the following table: Only one drill hole, the RZ-05-02, did not intersect ultramafic rock or mineralization even though its location is the centre of a strong EM anomaly. It is the same for drill hole RZ-05-08 which only returned low assay values. These two drill holes have anomalies with amplitudes similar to the anomalies of drill hole RZ-05-07 which cut good intersections of massive sulphide mineralization. Other drill holes will have to be done in the vicinity of these two drill holes. As for quality control, the exploration program was conducted under the supervision of Aline Leclerc, vice-president of exploration, qualified person according to Canadian standard 43-101 and has a vast experience in the mining industry. The assayed samples, taken as core halves whose length varies from 0.30 to 1.50 metres were shipped and analyzed at ALS Chemex Chimitec of Val d’Or. The samples were assayed for nickel, copper, cobalt and silver by multi-acid digestion and for gold, platinum and palladium by fire assay according to industry standards. Furthermore, Matamec announces that it buy pain pills online without prescription has issued 90,512 common shares at a price of 0.10$ per share for the payment of accrued interest in the amount of 9,051.20$ on a convertible debenture of 150,000$ issued January 15th 2004.