Raytec Metals Corp. TSX VENTURE: RAY

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2008) - Raytec Metals Corp. ("Raytec" or the "Company") (TSX VENTURE:RAY) is pleased to announce the formation of an advisory board whose mandate is to provide professional guidance and make recommendations for the successful exploitation and commercialization of the Company's potash deposits in Saskatchewan. The advisory board, comprised of a number of highly qualified individuals with specialized fertilizer industry experience, includes:

- Howard Cummer, Ph.D.

Mr. Cummer was born in Gravelbourg Saskatchewan, and earned degrees from the University of Saskatchewan (B Comm) and the University of Western Ontario (MA Econ) as well as pursuing post-graduate studies at the London School of Economics. From 1969 to 1979 he was with the Canadian Trade Commissioner Service and served in Kuala Lumpur, Malaysia, Los Angeles, Hong Kong and Beijing. While in Beijing he assisted Canpotex Limited (Canpotex) in the sale of Saskatchewan potash to China. In 1979 Mr. Cummer joined Canpotex Limited as Director of Sales for Southeast Asia and in 1984 he opened the Canpotex office in Saskatchewan. Over the next nine years he held various positions, including Market Development and China Sales, culminating with him becoming Vice President of Canpotex. In 1993 Mr. Cummer moved to Hong Kong to open the Hong Kong office as Vice President and Managing Director of Canpotex Hong Kong Limited, where for 13 years, he successfully marketed Canadian potash to China and Taiwan. He retired from Canpotex in 2006 and continues to live in Hong Kong.

- Jim Beaton, Ph.D.

Mr. Beaton was born in Vancouver, BC. and obtained BSc and MSc degrees in soil science at the University of B.C. and a PhD in the same discipline at Utah State University. Following a career of over seven years in academia at the University of B.C. and the Research Branch of Agriculture Canada, Mr. Beaton had a challenging and successful 34 year career in the fertilizer industry with research and market development related responsibilities. With his time divided between Cominco Ltd. (now Agrium), The Sulphur Institute, and finally as President of the Potash & Phosphate Institute of Canada (now IPNI) Mr. Beaton administered over 150 projects in 22 countries including the most important overseas potash importing countries China, Brazil, Malaysia/Indonesia, and India. He is the co-author of the 4th to 7th editions of the widely used university textbook 'Soil Fertilty & Fertilizers' and has published extensively in scientific and technical journals. Mr. Beaton was a founding partner in a liquid fertilizer plant in Standard, Alberta, and has served as consultant to many fertilizer and agribusiness companies since retirement in 1994.

- Eric Pedersen, Ph.D.

Dr. Pedersen holds a B.Sc. (Hon) from the University of Victoria (1982-1986) and M.Sc. and Ph.D. degrees in Plant Pathology from the University of Saskatchewan (1986-1993). Dr. Pedersen has more than 12 years experience in technology/product development and project management in the fertilizer industry and has significant experience in fertilizer formulation and granulation. He is currently the Executive Vice-President and Director of Technology and Product Development for Sulphur Solutions Inc. and has held the following professional positions: Director of Operations and Product Development, Agronomic Growth Industries Ltd.; Senior Scientist and Project Manager, Eco Soil Systems Inc.; Research Scientist and Project Leader, Agrium Inc.; and Research Associate, National Research Council.

- Jeff Schoenau, Ph.D.

Jeff Schoenau is a Senior Research Scientist and Adjunct Professor in the Department of Soil Science, College of Agriculture and Bioresourses at the University of Saskatchewan in Saskatoon. He holds the Saskatchewan Agriculture Chair in Soil Nutrient Management. He received his bachelor and PhD degrees from the University of Saskatchewan and conducts research, teaching and extension in the fields of soil fertility, nutrient cycling and soil conservation and management.

- Barry Mutlow

Barry Mutlow is a graduate of the University of Saskatchewan with a BSA in Economics. He has spent 32 years in the agricultural industry, primarily within the fertilizer industry. Mr. Mutlow worked for 7 years in feed, chemical and fertilizer retail sales, advancing to Area Manager Farm Service for Saskatchewan Wheat Pool, followed by 25 years with the Potash Corporation of Saskatchewan in various sales capacities. During his career he was very active and served on various committees with the Western Canada Fertilizer Association, the Canadian Association of Agri-Retailers, and the Canadian Fertilizer Institute. Mr. Mutlow is a Director and member of the Compensation Committee for Big Quill Resources, the largest potassium sulphate producer in Canada and sits on the Board of Directors for Lake Bend Corp. He is currently retired from full time employment but continues to do consulting work.

Rick Knoll, a recently appointed director of the Company, comments, "I have worked closely with four of the members of Raytec's newly formed advisory board and I have experienced the value that such a board can offer, particularly in the early stages of commercialization. I expect that the valuable advice and guidance of this board will position Raytec to capture the greatest value from both its existing and expanded potash resources."

The advisory board is anticipated to meet quarterly and to be available to advise the Company's Board of Directors upon request.

The Company announces that it has granted stock options to the members of the advisory board and to one director under its stock option plan, for the purchase of up to 850,000 common shares of the Company for a period of two years. The options to be granted will be 200,000 common shares of the Company at a price of $0.55 per share; 250,000 common shares of the Company at a price of $0.80 per share; 400,000 common shares of the Company at a price of $1.20 per share.

About Raytec:

Raytec Metals Corp. is a dynamic Canadian exploration Company focused on the development of potash claims located in Saskatchewan, Canada - the largest producing region for potash in the world. The company has been permitted to prospect 91,549 acres with 198,720 acres still pending. The Company's potash claims are located near two world-class potash mines that have been in production since the 1960s and are also directly positioned adjacent to claims held by BHP Billiton. The Company also holds iron ore projects in Ontario and uranium projects in the Athabasca Basin of Saskatchewan. Active work programs are planned for all projects in the fall of 2008.

On behalf of the Board,

RAYTEC METALS CORP.

Brian Thurston, President

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.