Mr. Andre Gauthier reports

CHINESE STUDY SHOWS EUDIALYTE FROM THE KIPAWA DEPOSIT IS UNIQUE

Matamec Explorations Inc. is bringing attention to a comparative study by Wu and others from the Institute of Geology and Geophysics of the Chinese Academy of Sciences, Beijing, China, published in Volume 273, May, 2010, edition, of Chemical Geology. The study details the chemical composition of eudialyte from nine alkaline syenites from the following locales:

• Kipawa (Quebec);
• Mont St-Hilaire (Quebec);
• Khibiny (Russia);
• Lovozero (Russia);
• Illimaussaq (Greenland);
• Saima (China);
• Tamazeght (Marocco);
• Pocos das Caldas (Brazil);
• Langesund Fjord (Norway).

Wu and others conclude that eudialyte from the Kipawa deposit has a unique composition characterized by:

• The highest overall value of heavy rare earths (lanthanum to gadolinium);
• The lowest ratio of light rare earths (lanthanum to gadolinium) to heavy rare earths (terbium to lutetium) (see a figure available on-line).

This independent study was carried out using the latest in high-precision analysis methods (laser ablation coupled with a high-resolution mass spectrometer).

Andre Gauthier, president of Matamec, comments: "This is yet another brick in the mounting wall of evidence underlining the quality and unique heavy rare earth enrichment of the eudialyte found at the Kipawa deposit. It also demonstrates the foresight of companies like Unocal/Molycorp, who targeted Kipawa eudialyte in the mid-1980s as an yttrium source that could potentially compete with the low production costs of the South China clays."

Aline Leclerc, geologist (OGQ) and vice-president, exploration, of Matamec, is the qualified person for this news release. As qualified person, she has supervised the preparation of the scientific and technical information for the Zeus property and verified the data in this news release.