Jacob Securities Initiates Coverage of Matamec Explorations

Matamec-Badge June 20, 2011 (Source: Marketwire) –Matamec Explorations Inc. ("Matamec" or the "Company")(TSX VENTURE:MAT) is pleased to announce that Jacob Securities Inc. initiated investment research coverage on the Company. The author of the report, entitled "The Tight Race to the Finish Line", is Ms. Luisa Moreno, Ph.D., Analyst. She starts with a speculative risk recommendation for Matamec (for the full report, please contact Luisa Moreno at lmoreno@jacobsecurities.com).

About Matamec

Matamec Explorations Inc is a junior mining exploration company whose main focus is in developing the Kipawa deposit and exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.

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.

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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. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Lesperance/Wachigabau property.

"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."


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