Mr. Alexander Stares of Metals Creek reports

METALS CREEK AND GOLDEN DORY ANNOUNCE HIGH GRADE IRON RESULTS FROM RECENT SAMPLING AT THE GABBRO LAKE PROJECT IN WESTERN LABRADOR; IRON VALUES UP TO 75.38% FE2O3 FROM LABRADOR TROUGH IRON FORMATION

Metals Creek Resources Corp. and Golden Dory Resources Corp. have released assay results from their recently completed sampling program on the Gabbro Lake project located 160 kilometres northeast of Labrador. The project consists of 295 claim units (21 square kilometres) and was initially acquired to cover the most eastern extent of the prolific Labrador Trough iron formation, which hosts all of Canada's present iron ore production in western Labrador and northeastern Quebec. The Gabbro claims are 35 kilometres north of the Trans-Labrador Highway and 50 kilometres east of the Labrador-Quebec railway.

The project is a 50-50 joint venture between Metals Creek and Golden Dory, with Metals Creek as the operator. The claims were acquired by both companies in 2007; airborne geophysics (magnetic, electromagnetic and radiometrics) were completed in 2008. Within the Gabbro property, the magnetic data define the Knob Lake iron formation as a structurally folded and faulted iron formation, and show a number of areas that may be thickened by the structural complexity. The prospecting/sampling program was carried out in June, targeting the magnetic iron formations. Highlights from this sampling include a total of 34 grab samples taken from various iron formation targets that were outlined as discrete magnetic highs on the airborne geophysics survey. Results from grab samples of both outcrop and angular float ranged from 11.42 per cent Fe2O3 to 75.38 per cent Fe2O3, with 79 per cent of the samples assaying greater than 25 per cent Fe2O3 and 62 per cent of the samples over 40 per cent Fe2O3. The samples represented massive to semi-massive medium-grained magnetite and banded cherty magnetite iron formation. There has been no known previous work carried out on these iron formation prospects.

Future work will include petrographic work on the higher-grade iron samples and generation of a 3-D model using the airborne magnetic data to get a better understanding of the iron formation dimensions. Follow-up fieldwork is recommended; this would include additional prospecting/sampling, ground geophysics and diamond drilling.

The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades on the property.

Michael MacIsaac, PGeo, vice-president, exploration, for Metals Creek 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.