MAT Matamec Explorations Inc. (delisted)

Matamec Explorations Inc. ("Matamec" or the "Company")( TSX
VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals (TSX
VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce that it has
signed an option agreement where Canada Strategic Metals can acquire an interest
of up to 70% in the Sakami project, located in the James Bay region of northern
Quebec, approximately 570 kilometers north of Val-d'Or and 900 kilometers
northwest of Montreal. The property consists of a total of 120 mineral claims
covering 6,032 hectares. 


The property straddles the structural contact between the Opinaca and La Grande
sub-provinces of the Archean-age Superior structural province. This is a major
structural corridor that occurs on surface as a 100-kilometer long "S" shaped
feature trending northeast to southwest. The Sakami property covers
approximately 13 kilometers of this structure, which is up to 500 meters wide on
the property. Several gold bearing have been discovered on the property within
or near this structural zone. 


"Matamec is pleased to partner with Canada Strategic Metals in advancing the
exploration of the Sakami gold project," said Andre Gauthier, President and CEO
of Matamec Explorations Inc. "The location of Sakami up north in Quebec is a
strong potential for gold as evidenced by past drilling campaigns." 


Jean-Sebastien Lavallee, President of Canada Strategic Metals, states: "Canada
Strategic Metals has been looking for an opportunity to acquire a project with
strong historical results. The Sakami property meets exactly Canada Strategic
Metals' criteria and is over a highly prospective geological area of the known
gold mineralized trend from the multimillion-ounce discovery of the Eleonore
Deposit owned by Goldcorp and other deposits such as the La Grand sud and the
Orfee deposit owned by Virginia Gold Mines. I believe the acquisition of the
Sakami project is a key turning point for Canada Strategic Metals future
growth."


Canada Strategic Metals can acquire a 50% interest by issuing common shares and
carrying out exploration as follows:




                                           Number of shares Exploration work
                                                                            
i)   Signature of a formal agreement                500,000               --
ii)  On the First Anniversary                       500,000         $500,000
iii) On the Second Anniversary                      500,000         $750,000
iv)  On the Third Anniversary                       500,000       $1,000,000
                                                                            
TOTAL                                             2,000,000       $2,250,000



A minimum of $500,000 must be spent by Canada Strategic Metals on exploration
before the first anniversary of the agreement. In the event that Canada
Strategic Metals renounces its option, the unspent portion of the $500,000
minimum in exploration expenses shall be paid in cash or in shares, at the sole
discretion of Canada Strategic. 


Canada Strategic Metals will have acquired an interest of 50% in Sakami after
issuing a total of 2,000,000 common shares and carrying out exploration in the
amount of $2,250,000 before August 16, 2016. 


Once Canada Strategic Metals has earned a 50% interest, the parties will form a
full joint venture and will enter into a formal agreement with the standard
clauses. 


The property is subject to a 1% Net Smelter Return royalty on certain claims.

Within 180 days of acquiring its 50% interest in the property, Canada Strategic
Metals will have an option to acquire an additional 20% property interest by
issuing 1 million shares to Matamec and completing an independent bankable
feasibility study within five years of the date of the share issuance. During
the period that the additional option is valid, the Company must spend a minimum
of $2,000,000 on exploration by the end of each year until the feasibility study
is completed. 


Aline Leclerc, V-P Exploration (Geo.) is Matamec's Qualified Person for this
press release.


About Canada Strategic Metals

Canada Strategic Metals Inc. is an emerging growth company focused on the
exploration and development of its large portfolio of graphite projects covering
over 60,000 hectares throughout Quebec. With management experience in green
technology, and junior resource exploration and development, Canada Strategic
Metals is well positioned to aggressively advance this promising portfolio for
our shareholders. For more information on Canadian Strategic Metals, please
visit www.csmetals.ca. 


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


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

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