Matamec Explorations Inc. (MHREF: OTC Link) | Matamec Recruits Experienced Mine Construction Vice President


Matamec Recruits Experienced Mine Construction Vice President

Jan 10, 2012

OTC Disclosure News Service

Montreal, QC, Canada –

Montreal, January 10, 2012 – Matamec Explorations Inc. (“Matamec” or the “Company” – TSX-V: MAT) is pleased to announce that it has completed the recruitment and appointment of the following key individual who will form the core of its mine development group for the Kipawa Deposit.

Vice President Project Development and Construction: Mr. Bertho Caron, Eng.

Mr. Bertho Caron has been appointed Vice President of Project Development and Construction. Mr. Caron is a graduate of Laval University with a Bachelor of Applied Science in Mining Engineering and is a member of l’Ordre des Ingénieurs du Québec. He has more than 20 years of progressive experience in mining industry development, most specifically in engineering, construction and start up of process plants along with the construction of a variety of different facilities required for mining operations. He is specialized in fast-tracking projects and has a reputation for respecting timelines and budgets. Mr. Caron participated in several mine construction and development/expansion projects in Canada, Alaska and South America, principally with Cambior and Agnico Eagle. Just to mention few projects, he was construction manager at Niobec Mine near Chicoutimi, Quebec for a 40% increase in production from the Niobium concentrator plant as well as adding the FerroNiobium converter for the same plant. He was construction manager for the Goldex Mine in Val d’Or, Quebec and construction manager for the Meadowbank gold mine located in Nunavut. Mr. Caron is currently Construction manager working on the feasibility study for the Meliadine Gold Project located in Nunavut with Agnico-Eagle. Mr. Caron will be responsible for overseeing Matamec’s Kipawa Deposit feasibility study and the subsequent construction and development of the project.

The Board of Directors has granted 1,000,000 stock options to Mr. Caron at a price of $0.41 per share for a period of five years. These options, as well as the terms and conditions of their exercise, are governed by the Company’s Stock Option Plan.

Andre Gauthier, President and CEO of Matamec stated: “We are extremely pleased to have attracted this highly experienced Quebec-based mining professional. His broad, in-depth experience will help accelerate our feasibility study and our objective of subsequent mine development for the Kipawa deposit. Matamec’s expanding team has wide experience in Quebec and relationships with contractors, consultants, government authorities and mine operating personnel – all of which we believe will help ensure the ultimate success of the Project.”

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the heavy rare earths Kipawa deposit and exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.

The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario.

In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Lesperance/Wachigabau property.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

For further information please contact:

André Gauthier                                         Caroline Wilson (P.Geo.)
Pesident                                                    Director of Investor Relations
Tel: (514) 844-5252                                 Tel: (647) 938-4080

Email:                         Website:

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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