Matamec Explorations Inc. ("Matamec" or the "Company") (TSX
VENTURE:MAT)(OTCQX:MHREF) is pleased to announce that the Company has received
$565,769 CDN from its Japanese partner Toyotsu Rare Earth Canada Inc.
("TRECan"), a subsidiary of Toyota Tsusho Corporation ("TTC"). The goal of the
Kipawa mine project is to supply TTC with heavy rare earths ("HREE") for the
production and marketing of hybrid and electric vehicles.


The Company has received $16,000,817 CDN toward the completion of a definitive
feasibility study on the Kipawa HREE deposit. This amount includes $163,660 paid
by TTC for lab test work. Matamec has managed to stay on budget for the
completion of the feasibility study and will communicate the results on
Wednesday, September 4th. 


Under the terms of the Joint Venture Agreement ("JVA"), with the final payment
received, TRECan will now acquire a 49% undivided interest in the Kipawa JV
Property. Matamec received $8.5M CDN for the first 25% undivided interest on
July 18, 2012. With the cumulative payment of $7,500,817 CDN, TRECan has paid
Matamec for the second 24% undivided interest. The $565,769 CDN is the eighth of
a number of successive payments in the completion of the $7.5M CDN. Matamec will
transfer the 24% undivided interest to TRECan effective immediately.


Conference Call 

Matamec will be hosting an analyst's conference call and webcast to discuss the
feasibility study highlights on Wednesday, September 4, 2013 beginning at 10:00
AM (Eastern Time). Participants may join the call by dialing toll free
1-800-381-7839 or 1-416-981-9000 for local calls or calls from outside Canada
and the United States. A live webcast of the call can be accessed through our
website at: www.matamec.com. A copy of the presentation will be available on our
website prior to the webcast.


About TTC and TRECan 

Established for more than 60 years and subsidiary of Toyota Motor Group, TTC is
a general trading company that develops business together with over 400
consolidated group companies in Japan and overseas, with customers around the
world, via a global network covering Japan and more than 60 other countries
worldwide. TRECan is a subsidiary of TTC especially created for the Kipawa JV
property where the Kipawa HREE Deposit is located. TTC has four rare earth
projects globally including in India, Vietnam, Indonesia (HREE) and Canada (HREE
Kipawa JV). For further information, please view the TTC 2012 Annual Report
online. 


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 (resources
that are not mineral reserves do not have demonstrated economic viability),
Matamec and TRECan, JV partners, decided to move directly to the feasibility
study.


In parallel, the Company is 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. Since 2008, Matamec discovered many
potential showings. Particularly, it drilled the PB-PS Zone in the fall of 2012
and identified similar Eudialyte-Mosandrite/Yttro-Tantanite/Britholite
associated mineralization founded at the HREE Kipawa Deposit. This type of
mineralization is presently known over 200 metres long and it opens laterally
and at depth. The Company plans to drill these extensions later this year. 


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. 


"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: 
Andre Gauthier, President
(514) 844-5252
info@matamec.com
www.matamec.com


Edward Miller, Director IR
(514) 844-5252 ext. 205
edward.miller@matamec.com
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