Mr. Francois Biron of Matamec reports

MATAMEC ANNOUNCES NEW 5,000-METRE DRILLING CAMPAIGN AT THE SAKAMI GOLD PROPERTY, LOCATED IN THE JAMES BAY AREA

Matamec Explorations Inc. and Canada Strategic Metals Inc. have begun the winter 2018 work program at their Sakami gold property, owned 50 per cent by each company. The program will consist of a minimum of 5,000 metres of drilling focused on the La Pointe area on the edge of the lake, taking advantage of the ice coverage on Lake Sakami to confirm a possible westward extension of the known mineralized vein.

Past drill results from the La Pointe area outlined consistent gold mineralization over 700 metres on strike and 450 metres along the plunge to a vertical depth of 300 metres.

Canada Strategic will be the operator of this campaign's exploration work, supervised by a management committee comprising two representatives from Canada Strategic and two representatives from Matamec.

Previous drill results highlights from the La Pointe area:

• 4.94 grams per tonne gold over 21.05 m, including 6.35 g/t Au over 10.55 m (PT-16-92);
• 4.01 g/t Au over 22.6 m, including 7.21 g/t Au over 7.00 m (PT-13-67);
• 4.16 g/t Au over 21 m, including 6.4 g/t Au over 12.67 m (PT-15-87);
• 2.51 g/t Au over 48.20 m, including 6.93 g/t Au over 12.00 m (PT-14-79);
• Results are core length, the true thickness is 70 per cent to 95 per cent of the core length.

The mineralization is hosted in a paragneiss with very fine aersenopyrite-pyrrotite mineralization associated with strong silicification. The zone is located at the contact between the La Grande subprovince and Opinaca subprovince. The campaign will focus on testing mineralization at depth and along the strike to the northwest side of zone 25.

A map of planned drill locations is available on-line.

Jean-Sebastien Lavallee (OGQ No. 773), geologist, shareholder, executive chairman and exploration manager of Canada Strategic Metals, and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.

About Matamec Explorations Inc.

Located in Montreal (Quebec), Matamec Explorations is a junior mining exploration company in which primary activities are oriented on the development of gold assets. Matamec's main focus is on the Sakami gold property (50 per cent), in proximity to the Eleonore mine (in James Bay, Quebec); Opinaca Gold West (100 per cent), located in the Quebec Plan Nord region in similar geological settings as established gold-producing mines; and the Casa-Detour property (100 per cent), located east of the Burnbush property of Detour Gold Corp.

Matamec has two other gold properties in Ontario, the Matheson joint venture (50 per cent) and the Pelangio project (100 per cent), located near the Hoyle Pond mine in Timmins.