MAT Matamec Explorations Inc. (delisted)

Matamec Explorations Inc. ("Matamec" or the "Company") (TSX
VENTURE:MAT)(OTCQX:MHREF) is pleased to provide an update on the upcoming plans
for the Kipawa Joint Venture ("JV") Heavy Rare Earth Elements Project ("HREE"). 


As planned, the Matamec team met recently with Toyotsu in Nagoya, Japan, for the
first time since the completion of the positive feasibility study. It was agreed
to commence the second pilot plant for beneficiation with the expectations of
achieving higher rare earths recovery rates which would be a first step toward
improving the economics of the project. Beneficiation in the case of the Kipawa
project is mainly magnetic separation after crushing and grinding.


Both companies will meet this fall to finalize the upcoming budget and
strategies for the optimization, permitting and financing phase of the project
we are presently in and to review the progress made over the past several
months. 


Matamec would like to make very clear reference to the feasibility study press
release that it strongly believes it can achieve greater success with bringing
the IRR above 25% by only slightly reducing the CAPEX and OPEX per tonne of
concentrate produced while improving the recovery. There are a number of
opportunities that have the potential to add additional value for the Company to
optimize.


"We are committed to improving the economics of the Kipawa project and feel
confident we will be able to achieve stronger results," said Andre Gauthier,
President and CEO of Matamec. "The completion of the feasibility study was a
very important step for Matamec to achieve as it has initiated several new
exciting opportunities which have come about with the completion of the study.
There is growing interest from potential end-users with our Zeus property now
that Matamec has demonstrated a positive feasibility study on the Kipawa deposit
which sets the next phase of growth for the Company. While Matamec is focused on
developing its Zeus rare earth property, we are presently evaluating
opportunities to monetize some of our gold properties which we will communicate
once finalized." 


The second pilot plant for beneficiation is starting today at SGS Minerals
Services (Lakefield site). The plant consists of crushing and grinding circuits,
followed by 2 stages of dry magnetic separation. The last results regarding
beneficiation testwork confirmed 85% recovery in the variability sample program
which has been used in the Feasibility Study. The second pilot plant for
beneficiation will be done with a "Master Composite" of ore representing the
overall ore deposit. From recent testwork it is reasonable to anticipate
improvement in recovery for this beneficiation process.


Technical information in this press release was reviewed and adopted by Bertho
Caron, VP Project Development & Construction (Eng.) and Aline Leclerc, VP
Exploration (Geo.),Matamec's Qualified Persons for this press release. 


About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main
focus is in developing the Kipawa HREE deposit with TRECan. 


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 gold 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 Valmont and
Vulcain properties. Matamec signed in August 2013 an option agreement where
Canada Strategic Metals can acquire an interest of up to 50% in the Sakami gold
project, located in the James Bay region of northern Quebec by committing $2.25
million in exploration work including $500,000 in the first year on drilling. 


Cautionary Statement Concerning Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of
Canadian Securities legislation. Generally, forward-looking statements can be
identified by the use of forward-looking terminology such as "scheduled",
"anticipates", "expects" or "does not expect", "is expected", "scheduled",
"targeted", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements contained herein
include, without limitation, statements relating to mineral reserve estimates,
mineral resource estimates, realization of mineral reserve and resource
estimates, capital and operating costs estimates, the timing and amount of
future production, costs of production, success of mining operations, the
ranking of the project in terms of cash cost and production, permitting,
economic return estimates, power and storage facilities, life of mine, social,
community and environmental impacts, rare metal markets and sales prices,
off-take agreements and purchasers for the Company's products, environmental
assessment and permitting, securing sufficient financing on acceptable terms,
opportunities for short and long term optimization of the Project, and continued
positive discussions and relationships with local communities and stakeholders.
Forward-looking statements are based on assumptions management believes to be
reasonable at the time such statements are made. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. 


Accordingly, readers should not place undue reliance on forward-looking
statements. Although Matamec has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. Factors that may cause actual results
to differ materially from expected results described in forward-looking
statements include, but are not limited to: Matamec's ability to secure
sufficient financing to advance and complete the Project, uncertainties
associated with Matamec's resource and reserve estimates, uncertainties
regarding global supply and demand for rare earth materials and market and sales
prices, uncertainties associated with securing off-take agreements and customer
contracts, uncertainties with respect to social, community and environmental
impacts, uncertainties with respect to optimization opportunities for the
Project, as well as those risk factors set out in the Company's year-end
Management Discussion and Analysis dated December 31, 2012 and other disclosure
documents available under the Company's profile at www.sedar.com.
Forward-looking statements contained herein are made as of the date of this news
release and Matamec disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or results or
otherwise, except as required by applicable securities laws. 


"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

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