Matamec confirms 33 metres at 1.491% TREO

Matamec Explorations Inc. ("Matamec") is pleased to announce that it confirms that they obtained 1.491% TREO (total of the rare earth oxides and yttrium) up to 33 metres by re-calculating the chemical oxide elements during the resampling of the T-1 historic trench, 68 metres long, in the West Zone of the Kipawa deposit. The Company had presented the results of this trench as well as three other historic trenches, T-3, T-11 and T-8, as chemical element results (see press releases dated June 30th and July 16th, 2009) within the framework of a new NI 43-101 resource calculation. The resource calculation was initiated in November 2008 when Matamec re-sampled, under the supervision of SGS-Geostat four (4) of thirteen (13) previously excavated trenches of which twelve (12) were sampled (excluding T-5 trench) by Unocal Canada Ltd (« Unocal ») in 1990 on the Kipawa deposit. In June 2009, SGS-Geostat produced a first independent report regarding the re-sampling of the four (4) trenches and it was appended to the NI 43-101 report of the Zeus property that Matamec filed on SEDAR July 20th, 2009. The re-sampling permitted the realisation of a first check of the historical results and knowledge of the distribution of the rare earths, previously known prior to 2009 from bulk samples from 1988. SGS-Geostat concluded that the 108 samples collected confirmed the high grade rare earths mineralization of the Kipawa deposit, particularly for cerium, dysprosium, erbium, gadolinium, lanthanum, neodymium, praseodymium, samarium and yttrium (for sampling Quality Control and selection of the most appropriate analytical method, see SGS report, appendix III of the NI 43-101 technical report). In the re-sampling program (Figure 1: Trenches and bulk sampling – Kipawa Deposit), two of these trenches tested the full width of the West Zone (Trenches T-1 and T-3), one trench tested the East Zone (Trench T-8) and the last trench (Trench T-11) tested the Central Zone between the two. This central Zone was not originally part of the 1990 historical resource calculation. It is important to note that the T-8 and T-11 trenches contain historical bulk sampling sites (samples KBS-2, KBS-3 and KBS-5), solely assayed for cerium, yttrium and zirconium. These sites could not be re-sampled in 2008, due to an irregular sampling surface (5 metres un-sampled on T-8 and 20 metres unsampled on T-11). The results of the new oxide calculations for the November 2008 re-sampling program of trenches T-1 and T-3 in the West Zone are presented in the following Table 1:

Kipawa Deposit	West Zone
Trench #	T-1	T-1 Best interval	T-3	T-3 Best interval
Number of samples	36	17	27	12
Sample  #	501-536	503-519	537-563	537-548
Sample Width (metres)	68.0	33.0	53.4	24.2
Chemical element	% oxides	% oxides	% oxides	% oxides
La2O3	0.131	0.228	0.058	0.067
CeO2	0.294	0.504	0.156	0.192
Pr2O3	0.029	0.048	0.019	0.026
Nd2O3	0.128	0.219	0.075	0.103
Sm2O3	0.027	0,044	0.016	0.024
Eu2O3	0.003	0.006	0.002	0.003
Gd2O3	0.028	0.046	0.017	0.027
LREO*	0.640	1.095	0.343	0.442
Tb2O3	0.005	0.008	0.003	0.005
Dy2O3	0.032	0.050	0.021	0.032
HO2O3	0.007	0.010	0.005	0.007
Er2O3	0.019	0.031	0.014	0.022
Tm2O3	0.002	0.005	0.002	0.003
Yb2O3	0.016	0.023	0.014	0.020
Lu2O3	0.002	0.002	0.002	0.002
HREO*	0.084	0.129	0.061	0.092
Y2O3	0.165	0.267	0.114	0.190
TREO	0.889	1.491	0.517	0.723
Total HREO + Y2O3	0.24	0.39	0.17	0.28
ZrO2	0.824	0.716	1.175	1.040
* = Light rare earths (LREE) = La2O3 to Gd2O3, Heavy rare earths (HREE) = Tb2O3 to Lu2O3.