Matamec Announces the Discovery of Three New Showings on the Zeus Property

MONTREAL, QUEBEC--(Marketwired - April 25, 2013) - Matamec Explorations Inc. ("Matamec") (TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce the discovery of three new showings (Certitude Nord, Makwa and Pakwa) on the Zeus property in addition to the PS Zone which was communicated last week in a press release, April 18, 2013. Now the property contains twelve heavy rare earth showings, some of them with Niobium and Tantalum. See annexed geological figure. Annexed table shows all results higher than 0.5% TREO.

Highlights of the three new showings are as follows:

Certitude Nord showing:

• Located 2 km north of Certitude showing, has returned a grade as high as 5.36% TREO, 2.21% Y₂O₃, 9.42% ZrO₂ and 4.191% Nb₂O₅ on grab samples. Manual stripping on Certitude Nord has returned intercepts of 0.24% TREO at 32% HREO/TREO, 0.06% Y₂O₃ and 1.26% ZrO₂ on 11.1m, of 0.31% TREO at 29% HREO/TREO, 0.06%Y₂O₃ and 0.59% ZrO₂ on 0.8m and 0.29% TREO at 46% HREO/TREO, 0.09% Y₂O₃ and 1.72% ZrO₂ on 1.1m.

Makwa showing:

• Located 2.3 km north of Surprise Nord showing, has returned a grade as high as >15.95% TREO, 1.32% Y₂O₃, 0.24% Dy₂O₃, 3.13% Nd₂O₃ and 11.53% ZrO₂ on grab samples.

Pakwa showing:

• Located 2.5 km north of Falaise showing, has returned a grade as high as >15.53% TREO, 2.10% Y₂O₃, 0.25% Dy₂O_3, 3.0% Nd₂O_3, 8.59% ZrO₂ and 1.53% Nb₂O₅ on grab samples.

"Matamec's exploration team continues to deliver positive results with the discovery of three new showings on the Zeus property," said Andre Gauthier, President and CEO of Matamec Explorations. "I am pleased to report to shareholders the Company is advancing on all fronts as we execute our strategy of becoming the next global heavy rare earth producer outside of China."

Also, fall 2012 prospecting has allowed identifying several sites for stripping. Stripping was conducted from December 3 to 14, 2012 on some of these sites. Thus, three strippings were made on the Pakwa showing and three others on Surprise Ouest showing. The Pakwa showing is composed by peralkaline granite, syenite, marble and syenitic to granitic pegmatite. Rare earth minerals have to be identified. The three strippings on the Pakwa showing were channelled. All samples have been sent to ALS-Chemex laboratory and the results will be released at a later date. Stripping from Surprise Ouest will be channelled this spring.

In addition, Tony Mariano's team is still studying the mineralogy of all these showings. Aline Leclerc, VP Exploration (Geo.), is Matamec's Qualified Person for this press release.

		LREO*	IREO**	HREO***	Y2O3	TREO****	HREO + Y2O3 on TREO	ZrO2	Nb2O5	Ta2O5
		%	%	%	%	%	%	%	%	%
Sample	Nature	Light Rare Earth	Intermediate Rare Earth	Heavy Rare Earth	Yttrium	Total Rare Earth		Zirconium	Niobium	Tantalum
Certitude Nord Showing
BM030	outcrop	4.926	0.163	0.091	0.177	5.357	5.0	1.162	0.095	0.004
DM042	outcrop	0.285	0.299	1.546	2.209	4.339	86.5	0.434	4.191	0.156
DM023	outcrop	7.167	0.165	0.045	0.085	7.462	1.7	0.132	0.003	0.000
DM024	boulder	2.479	0.110	0.071	0.154	2.813	8.0	0.284	0.054	0.004
DM028	outcrop	2.302	0.076	0.034	0.084	2.496	4.7	0.015	0.002	0.000
DM029	outcrop	1.872	0.090	0.045	0.098	2.105	6.8	1.878	0.011	0.001
BM032	outcrop	1.727	0.106	0.057	0.082	1.972	7.1	0.142	0.036	0.002
DM039	outcrop	1.229	0.141	0.165	0.459	1.995	31.3	5.622	0.050	0.005
DM026	outcrop	1.159	0.082	0.060	0.126	1.428	13.1	1.226	0.020	0.003
BM0025	outcrop	0.993	0.060	0.025	0.050	1.127	6.6	0.235	0.004	0.000
BM0023	outcrop	0.839	0.079	0.126	0.239	1.283	28.5	3.919	0.358	0.019
DM017	Angular boulder	0.787	0.073	0.127	0.239	1.225	29.8	4.365	0.097	0.008
DM007	outcrop	0.650	0.050	0.069	0.171	0.940	25.5	3.527	0.023	0.002
DB057	outcrop	0.638	0.034	0.058	0.070	0.799	15.9	1.568	0.057	0.009
BM0026	outcrop	0.638	0.028	0.051	0.100	0.817	18.4	6.473	0.038	0.003
DM056	outcrop	0.575	0.032	0.051	0.063	0.721	15.9	2.068	0.044	0.007
DM013	outcrop	0.562	0.026	0.026	0.051	0.664	11.6	0.312	0.010	0.001
DM034	outcrop	0.504	0.041	0.052	0.106	0.703	22.5	0.082	0.051	0.003
DM008	outcrop	0.388	0.065	0.106	0.281	0.840	46.1	0.842	0.074	0.005
DM054	outcrop	0.472	0.031	0.045	0.064	0.612	17.7	3.324	0.003	0.001
DM045	outcrop	0.281	0.024	0.061	0.127	0.492	38.2	3.297	0.009	0.001
DM043	outcrop	0.251	0.023	0.040	0.088	0.401	31.8	2.595	0.005	0.000
DM048	outcrop	0.183	0.016	0.044	0.071	0.314	36.7	2.230	0.021	0.004
DM051	boulder	0.093	0.024	0.077	0.185	0.379	69.0	2.878	0.018	0.005
DM053	outcrop	0.148	0.005	0.032	0.057	0.242	36.8	4.581	0.004	0.000
DM038	outcrop	0.039	0.011	0.094	0.187	0.331	84.9	9.419	0.014	0.004
DM041	outcrop	0.036	0.016	0.082	0.188	0.321	84.0	2.689	0.007	0.001
DM016	outcrop	0.100	0.009	0.007	0.012	0.128	14.8	0.061	0.486	0.075
DM044	outcrop	0.075	0.005	0.034	0.063	0.178	54.8	2.203	0.005	0.000
DM050	outcrop	0.012	0.002	0.016	0.029	0.059	77.3	1.811	0.003	0.000

	Length	LREO*	IREO**	HREO***	Y2O3	TREO****	HREO + Y2O3 on TREO	ZrO2	Nb2O5
	m	%	%	%	%	%	%	%	%
Name		Light Rare Earth	Intermediate Rare Earth	Heavy Rare Earth	Yttrium	Total Rare Earth		Zirconium	Niobium
Certitude Nord Showing
Rainure 1	11.1	0.150	0.012	0.022	0.055	0.240	32.4	1.261	0.017
including	0.8	0.552	0.035	0.050	0.156	0.792	25.9	0.757	0.023
Rainure 2	0.8	0.203	0.015	0.029	0.061	0.308	29.1	0.592	0.013
Rainure 3	1.1	0.142	0.017	0.045	0.090	0.293	45.9	1.720	0.008
including	0.5	0.174	0.023	0.065	0.143	0.404	51.4	1.08	0.006

Sample	Nature	LREO*	IREO**	HREO***	Y2O3	TREO****	HREO + Y2O3 on TREO	ZrO2	Nb2O5	Ta2O5
		%	%	%	%	%	%	%	%	%
		Light Rare Earth	Intermediate Rare Earth	Heavy Rare Earth	Yttrium	Total Rare Earth		Zirconium	Niobium	Tantalum
Makwa Showing
BM015	boulder	>14.102	0.677	0.354	0.815	>15.947	<7.3	0.049	0.179	0.007
JR0022B	outcrop	>11.624	0.446	0.225	0.411	>12.705	<5.0	0.071	0.103	0.003
JR0027	outcrop	>3.155	0.102	0.079	0.163	>3.498	<6.9	0.049	0.025	0.001
JR0025	outcrop	8.528	0.607	0.600	1.316	11.052	17.3	0.121	0.040	0.002
SSD010	boulder	8.167	0.530	0.474	0.981	10.153	14.3	0.059	0.075	0.003
JR0022	outcrop	5.196	0.279	0.246	0.535	6.256	12.5	0.157	0.034	0.001
BM014	outcrop	3.340	0.099	0.056	0.116	3.611	4.8	0.131	0.052	0.003
BM016	outcrop	2.895	0.095	0.042	0.079	3.111	3.9	0.311	0.042	0.002
JR0026	outcrop	2.379	0.054	0.033	0.065	2.531	3.9	0.053	0.011	0.000
SSD014	outcrop	1.675	0.126	0.165	0.451	2.417	25.5	11.527	0.006	0.004
Pakwa Showing
JR0038	outcrop	>13.568	0.755	0.371	0.832	>15.526	<7.8	0.008	0.066	0.001
JR0040	boulder	>12.210	0.604	0.344	0.890	>14.048	<8.8	0.011	0.028	0.001
JR0039	outcrop	6.590	0.584	0.701	2.095	9.970	28.0	0.009	0.153	0.003
GTSP-009	outcrop	4.999	0.364	0.332	0.772	6.466	17.1	0.006	0.023	0.005
JR0042	outcrop	3.073	0.337	0.571	1.392	5.373	36.5	8.581	0.338	0.017
DM083-1	outcrop	3.079	0.214	0.559	1.487	5.339	38.3	2.027	0.668	0.014
JR047	outcrop	4.046	0.094	0.055	0.128	4.195	4.2	0.193	0.003	0.000
GTSP-010	outcrop	1.726	0.274	0.553	1.348	3.901	48.7	1.145	0.887	0.019
DM081	outcrop	2.518	0.171	0.143	0.310	3.142	14.4	3.230	0.071	0.004
GTSP-005	boulder	2.861	0.105	0.033	0.107	3.106	4.5	0.173	0.024	0.000
DM082	outcrop	1.626	0.069	0.083	0.177	1.955	13.3	0.014	0.004	0.000
JR0049	outcrop	1.094	0.102	0.114	0.263	1.574	24.0	0.284	0.047	0.002
DM078	outcrop	0.139	0.125	0.641	0.606	1.512	82.5	3.676	1.531	0.066
DM077-2	outcrop	0.366	0.108	0.461	0.437	1.372	65.4	0.908	1.173	0.047
DM077-1	outcrop	0.872	0.105	0.188	0.200	1.365	28.4	2.270	0.265	0.019
GTSP-007	outcrop	0.365	0.067	0.243	0.271	0.946	54.3	1.554	0.571	0.025
GTSP-011-2	outcrop	0.445	0.029	0.032	0.069	0.575	17.6	0.036	0.034	0.000

* Light Rare Earth, in oxides (LREO) = La2O3 to Nd2O3, ** Intermediate Rare Earth, in oxides (IREO) =Sm2O3 to Gd2O3, *** Heavy Rare Earth, in oxides (HREO) = Tb2O3 to Lu2O3, **** Y2O3 included in TREO. N.B. : Sub-division used by Roskill Information Services Ltd, and Industrial Minerals Company of Australia Pty Ltd. >: Assay Results higher than overlimits.

		Dy2O3	Nd2O3	Tb2O3	Y2O3	Eu2O3
		%	%	%	%	%
Sample	Nature	Dysprosium	Neodymium	Terbium	Yttrium	Europium
Pakwa Showing
JR0039	outcrop	0.253	1.493	0.041	2.095	0.033
DM078	outcrop	0.206	0.056	0.022	0.606	0.007
JR0042	outcrop	0.201	0.693	0.026	1.392	0.018
GTSP-010	outcrop	0.184	0.449	0.024	1.348	0.015
DM083-1	outcrop	0.172	0.509	0.021	1.487	0.015
DM077-2	outcrop	0.162	0.099	0.018	0.437	0.006
JR0038	outcrop	0.161	3.103	0.031	0.832	0.042
JR0040	boulder	0.149	2.449	0.026	0.890	0.031
GTSP-009	outcrop	0.136	0.962	0.024	0.772	0.020
GTSP-007	outcrop	0.070	0.081	0.010	0.271	0.003
DM077-1	outcrop	0.058	0.212	0.009	0.200	0.005
DM081	outcrop	0.053	0.569	0.010	0.310	0.009
JR0049	outcrop	0.047	0.240	0.008	0.263	0.007
DM082	outcrop	0.029	0.250	0.005	0.177	0.004
JR047	outcrop	0.021	0.604	0.004	0.128	0.006
GTSP-005	boulder	0.017	0.476	0.004	0.107	0.006
GTSP-011-2	outcrop	0.012	0.082	0.002	0.069	0.002
Makwa Showing
JR0025	outcrop	0.235	1.907	0.038	1.316	0.036
SSD010	boulder	0.190	1.674	0.031	0.981	0.032
BM015	boulder	0.151	3.126	0.031	0.815	0.036
JR0022B	outcrop	0.101	2.012	0.019	0.411	0.022
JR0022	outcrop	0.100	0.900	0.017	0.535	0.014
SSD014	outcrop	0.058	0.308	0.009	0.451	0.007
JR0027	outcrop	0.031	0.433	0.005	0.163	0.006
BM014	outcrop	0.023	0.483	0.005	0.116	0.006
BM016	outcrop	0.019	0.468	0.004	0.079	0.005
JR0026	outcrop	0.014	0.301	0.003	0.065	0.003
Certitude Nord Showing
DM042	outcrop	0.485	0.131	0.051	2.209	0.019
DM039	outcrop	0.062	0.275	0.012	0.459	0.009
BM0023	outcrop	0.047	0.164	0.007	0.239	0.005
DM017	angular boulder	0.042	0.168	0.006	0.239	0.004
BM030	outcrop	0.039	0.781	0.008	0.177	0.010
DM008	outcrop	0.035	0.094	0.006	0.281	0.005
DM024	boulder	0.030	0.457	0.006	0.154	0.006
DM051	boulder	0.026	0.018	0.004	0.185	0.001
BM032	outcrop	0.026	0.342	0.005	0.082	0.007
DM041	outcrop	0.025	0.008	0.003	0.188	0.001
DM026	outcrop	0.024	0.247	0.005	0.126	0.006
DM007	outcrop	0.022	0.138	0.003	0.171	0.003
DM023	outcrop	0.021	1.133	0.005	0.085	0.008
DM038	outcrop	0.021	0.007	0.002	0.187	0.001
DM034	outcrop	0.020	0.105	0.003	0.106	0.002
DM029	outcrop	0.018	0.377	0.004	0.098	0.004
DB057	outcrop	0.017	0.114	0.003	0.070	0.002
DM045	outcrop	0.017	0.050	0.002	0.127	0.001
DM028	outcrop	0.017	0.377	0.003	0.084	0.005
DM056	outcrop	0.015	0.099	0.002	0.063	0.002
DM043	outcrop	0.013	0.048	0.002	0.088	0.001
BM0026	outcrop	0.013	0.107	0.002	0.100	0.001
DM048	outcrop	0.012	0.036	0.002	0.071	0.001
DM054	outcrop	0.012	0.087	0.002	0.064	0.002
BM0025	outcrop	0.011	0.202	0.002	0.050	0.003
DM013	outcrop	0.009	0.096	0.002	0.051	0.001
DM044	outcrop	0.007	0.012	0.001	0.063	0.000
DM053	outcrop	0.005	0.020	0.001	0.057	0.000
DM016	outcrop	0.003	0.026	0.001	0.012	0.001
DM050	outcrop	0.003	0.002	0.000	0.029	0.000

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan. Following the positive conclusion of the PEA study filed on SEDAR in March 2012, Matamec and TRECan decided to move directly to the feasibility study currently in process and expected to be completed by the end of the second quarter 2013. The PEA study highlighted that the project has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012). Resources that are not mineral reserves do not have demonstrated economic viability.

In parallel, the Company is exploring more than 35km 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 Wachigabau property.

A figure is available at the following address: http://media3.marketwire.com/docs/mata-eng.pdf