MEK Metals Creek Resources Corp

Metals Creek Resources Corp. (TSX VENTURE:MEK) ("Metals Creek" or "the Company")
is pleased to announce that it has executed an agreement (the "Agreement") with
Xmet Inc. ("Xmet") pursuant to which Xmet has the option to earn a 60 % interest
in the Feagan Lake Graphite Project located 7 west of and adjacent to Zenyatta
Ventures Ltd.'s new hydrothermal graphite discovery.


Metals Creek has discovered several conductive electromagnetic targets on the
recently staked Feagan Lake Graphite property. These new electromagnetic (EM)
conductive responses were flown with the VTEM plus time domain system targeting
previously identified magnetic lows that resulted in the discovery of several
new exploration targets exhibiting similar features to that of Zenyatta's
hydrothermal graphite discovery. One of the EM responses in particular returned
a strong conductive response on all channels with an associated magnetic low.


In order to earn a fifty percent (50%) interest in the claims, Xmet has agreed
(a) to make a cash payment of $5,000 and issue 1,000,000 common shares to Metals
Creek, forthwith after receiving the approval of the Exchange; (b) carry out
$60,000 in work obligations, make a cash payment of $15,000 and issue a further
1,000,000 shares to Metals Creek within five months of Exchange approval; (c)
carry out a further $150,000 in work obligations and perform a minimum 500m of
drilling within one year of Exchange approval; (d) carry out a further $250,000
in work obligations and issue 500,000 shares to Metals Creek within two years of
Exchange approval; and (e) carry out a further $425,000 in work obligations and
issue 500,000 shares to Metals Creek within three years of Exchange approval.
Xmet may then increase its interest from fifty percent to sixty percent within
90 days after earning its fifty percent interest by making a cash payment of
$100,000, issuing 1,500,000 shares to the Optionor and conducting $1,000,000 in
work obligations over the next year. Xmet may at any time accelerate its
obligations to earn its interest earlier. Once Xmet's interest is earned, the
project will continue as a joint venture with Metals Creek. This agreement is
subject to the approval of the TSX Venture Exchange (the "Exchange").


Michael MacIsaac, P. Geo, VP Exploration for the Corporation and a qualified
person as defined in National Instrument 43-101, is responsible for this
release, and supervised the preparation of the information forming the basis for
this release.


About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a well funded junior exploration company
incorporated under the laws of the Province of Ontario, is a reporting issuer in
Alberta, British Columbia and Ontario, and has its common shares listed for
trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50%
interest in the Ogden Gold Property, including the former Naybob Gold mine,
located 6 km south of Timmins, Ontario and has a 8 km strike length of the
prolific Porcupine-Destor Fault (P-DF) that stretches between Timmins, Ontario
and Val d'Or, Quebec. The Corporation is also engaged in the identification,
acquisition, exploration and development of other mineral resource properties,
and presently has mining interests in Ontario, Yukon and Newfoundland and
Labrador. Additional information concerning the Corporation is contained in
documents filed by the Corporation with securities regulators, available under
its profile at www.sedar.com


Neither the 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: 
Metals Creek Resources Corp
Alexander (Sandy) Stares
President and CEO
(709)-256-6060
(709)-256-6061 (FAX)
astares@metalscreek.com
www.MetalsCreek.com


Metals Creek Resources Corp
www.twitter.com/MetalsCreekRes
www.facebook.com/MetalsCreek

Metals Creek Resources (TSXV:MEK)
Historical Stock Chart
From Apr 2024 to May 2024

Metals Creek Resources (TSXV:MEK)
Historical Stock Chart
From May 2023 to May 2024