MTC MetalCorp Limited

MetalCORP Limited (TSX VENTURE:MTC) is pleased to announce a change in the
Company's direction, provide an update on progress on our focus properties and
announce changes in personnel. 


Chris Dougherty, P.Eng., President, and MetalCORP's Board of Directors are
pleased to announce a strategic change in focus for the Company going forward,
wherein MetalCORP will focus not only on exploration but also on development of
mineral properties. To this end, the Company is actively pursuing projects that
are at an advanced stage or include past-producing properties with identified
resources that are considered to have high potential for development.


"The intention is to bring at least one new project into the Company that will
provide MetalCORP with a cornerstone development project, allowing us to bring
it to an advanced state, or even production, thereby enhancing our value as a
company, and potentially providing us with a revenue stream to establish our
financial self-sufficiency.", says Chris Dougherty, President and Director.
"This additional facet to MetalCORP's strategic focus is intended to exploit the
strengths, background and experience of MetalCORP's management and board of
directors." To this end, MetalCORP is reviewing several potential projects that
would offer this opportunity.


In addition, the Company is moving forward with a plan to focus on three of its
current properties for the 2010/2011 work plan. These include the Pickle Lake
property, near Pickle Lake, Ontario, the Black Bear property in Red Lake,
Ontario and the North Rock property, near Fort Frances, Ontario. The results of
previous exploration on the three properties has been compiled and reviewed
under a process established by Charles Greig, P.Geo, V.P. Exploration, and
systematic exploration, which includes high-resolution airborne magnetic,
geophysical and geochemical surveys. The results of these efforts will be
collated to formulate the plan for upcoming drilling campaigns on the
properties.


This new approach has been implemented, and the following progress achieved to date:

Pickle Lake

MetalCORP holds more than 18,000 acres in the Pickle Lake area in a
northeast-trending belt adjacent to the northern boundary of PC Gold's Pickle
Crow property. The Company recently completed a systematic compilation and
analysis of previous work on the property and in the past two weeks it completed
a second phase of grid-controlled Induced Polarization (IP) and magnetometer
(Mag) surveying on the southernmost part of the property. In addition, initial
results of the first round of Mobile Metal Ion (MMI) soil geochemical surveys on
the property are being received and will be compiled and interpreted by Dr. Mark
Fedikow, Ph.D., a well-known and experienced geochemist who is very familiar
with the technique. MetalCORP is confident that the combination of geochemical
and geophysical surveys, along with the results of previous work (see News
Release dated March 26, 2010), will outline some excellent drill targets along
the length of the property, which is, in general, covered by thick overburden.


The Pickle Lake property exhibits good potential for shear zone hosted
quartz-carbonate vein gold deposits, and for iron-formation-hosted gold deposits
similar to those mined historically at the nearby Pickle-Crow and Central
Patricia deposits.


Red Lake/Black Bear

MetalCORP has also begun geophysical (IP and Mag) and geochemical (MMI) surveys
on a recently-completed cut grid on its Black Bear gold property, which lies 20
km northeast of Red Lake in northwestern Ontario. The property covers a key part
of the northeast extension of the East Bay Deformation Zone in the historic Red
Lake gold camp. The East Bay Deformation Zone hosts a number of known gold
occurrences including three past producers, of which the Cochenour-Willans mine
with 1.24 million ounces of historical gold production is the most significant.
The East Bay trend also hosts a number of exciting exploration plays, including
the F2 Zone (Phoenix gold project) of Rubicon Minerals Corp., the GAZ Gold zone
(East Bay property) of Premier Gold Mines Ltd. and Goldcorp Inc., and the Sidace
Lake property of Planet Exploration Inc. and Goldcorp Inc. The grid-controlled
ground IP survey will be the first of its kind on the property, which is similar
to the Pickle Lake property, in that exposure is very limited.


North Rock

The North Rock property encompasses nearly 15,000 acres approximately 25km east
of Fort Frances in northwestern Ontario. The property is underlain by the 20km
long Grassy Portage layered mafic intrusion, which hosts four known zones of
magmatic Cu-Ni (+/-PGM and Au) sulphide mineralization near its base. The most
significant zone (the Beaver Pond zone) was discovered by Noranda in the late
1950's, and it hosts a non-compliant Cu resource (i.e., a historical estimate
not prepared in compliance with National Instrument 43-101) which appears to be
open below the 90 meter depth of the base of the resource block. Beneath the
resource, at a vertical depth of 175 meters, a drillhole intersected 2.21% Cu
over more than ten meters in core length. 


Further potential at North Rock lies in the exploration for nickel, cobalt,
platinum group metals (PGM) and gold in the Cu-bearing magmatic sulphides.
Recent sampling by MetalCORP has shown that mineralization from Noranda's
underground development work may yield significant assays for these elements. 


Between 2005 and 2007, MetalCORP undertook surface exploration, an airborne
MAG/EM survey and drilled 56 drillholes for a total of over 15,000 meters of
drilling in three drill campaigns on the property. The first drill campaign was
designed to test the depth extension of the known copper mineralization at the
Beaver Pond Zone. All drillholes intersected widespread net textured
copper-nickel sulphide mineralization similar to that reported in previous
drillholes by Noranda, and a number of significant PGM values were intersected.
In subsequent campaigns, the drilling targeted other parts of the property,
where several other holes also intersected PGM-bearing Cu-Ni mineralization.


Work initiated by MetalCORP in the late Spring of 2010 was aimed at reevaluating
the results of previous exploration on the property. In the forefront of this
work is a digital compilation of all the available geochemical, geophysical, and
geological data for the property, including both underground and drill data. The
ultimate aim of the work will be to target the areas of greatest potential for
Cu-Ni-PGM (Au) mineralization, and to understand the geological controls for it.
Once that work is complete, the company looks forward to prioritizing targets
for a late-fall or winter drill campaign.


"Progress to date with the new exploration plan has been excellent, and we are
very pleased with the initial results; we look forward to releasing results from
the combined surveys in the near future", Chris Dougherty said in this regard.


Personnel Changes

Along with these operational changes, the Company is very pleased to announce
that Mr. Sam Garofalo, H.B. Comm., CA, CMA, will be joining MetalCORP as the
Chief Financial Officer, to replace Michael Thompson who has tendered his
resignation from the Company to take effect after a reasonable transition
period.


Mr. Garofalo has over 25 years of accounting experience as a professional
accountant, having obtained both the CA (Chartered Accountant) and CMA
(Certified Management Accountant) designations. Mr. Garofalo is also currently
the CFO for Rockex Limited, a privately-owned developing mining company, and is
a Professor of Accounting at Confederation College in Thunder Bay. He has worked
as an auditor with Ernst & Young, Chartered Accountants, and served as CFO for
several private companies.


Chris Dougherty summarized, "I firmly believe that the changes we have made to
our strategic vision, refocusing our efforts on these three properties, and the
addition of Sam to our management team collectively give MetalCORP a strong
foundation moving forward."


MetalCORP is a mineral exploration company based in Thunder Bay, Ontario with
gold and base metal projects in the Canadian Shield of Northern Ontario, Canada,
one of the most prolific mineral districts in the world.


MetalCORP has 62,699,471 common shares outstanding and approximately $1,500,000
in cash and no long-term debt. To find out more about MetalCORP visit its
website at www.metalcorp.ca.

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