Matamec Appoints Director, Investor Relations and Announces Upcoming Presentation at Cambridge Conference

MONTREAL, QUEBEC -- (Marketwire) -- 01/17/13 -- Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE: MAT)(OTCQX: MHREF) is pleased to announce the continued expansion of its management team with the appointment of Edward Miller to the position of Director, Investor Relations. Mr. Miller is responsible for developing and implementing Matamec's investor relations strategy and its day-to-day contacts with the investment community. He reports to President and CEO Andre Gauthier.

Edward Miller began his career in 1999 working as an associate broker at Merrill Lynch. He then joined Paladin Labs in 2001 where he held various positions including Manager, Investor Relations where he successfully built their investor relations program. Following his five year tenure at Paladin Labs he worked for Adaltis as Director, Investor Relations and spent considerable focus of his strategy building awareness in Europe and Asia. Mr. Miller then moved into the role as an investor relations consultant in 2007 working for Christensen IR and then as an independent where he has been working with a variety of companies of all sizes and sectors including mining and clean technologies in building award winning programs.

"I am pleased to welcome Edward Miller to the Matamec team. His depth of experience in investor relations, governance and sustainability is a clear intention to improve the Company visibility in the capital markets. Mr. Miller's international experience building Investor Relations programs will help to broaden Matamec's shareholder base in foreign markets," said Andre Gauthier, President and CEO of Matamec Explorations.

Mr. Miller is the Past President of CIRI (Canadian Investor Relations Institute) Quebec Chapter where he served two terms (2009 - 2012) and (2005 - 2007). In addition, he served as a national board member of CIRI and FSI (Finance and Sustainability Initiative). He is a graduate of John Molson School of Business, Concordia University with a Bachelor of Commerce.

Cambridge House Vancouver Resource Investment Conference

The Company also announced that Mr. Andre Gauthier, President and CEO, will present a corporate update at the 2013 Cambridge House Vancouver Resource Investment Conference on Sunday, January 20, 2013, at 4:00 p.m. PT - Workshop 1 at the Vancouver Convention Centre West. Matamec will host a booth at the conference located at #2035 from Sunday, January 20 to Monday, January 21, 2013. For further information, please visit www.cambridgehouse.com.

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 and the hiring of a VP Project development and Construction, Matamec and TRECan decided to move directly to the feasibility study. The March 2012 press release highlighted that the project has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012).

In parallel, the Company is 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.

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."

Contacts:

Andre Gauthier

President

(514) 844-5252

(514) 844-0550 (FAX)
info@matamec.com
www.matamec.com


Edward Miller

Director IR

(514) 844-5252 ext. 205

(514) 844-0550 (FAX)
edward.miller@matamec.com