Mr. Alexander Stares reports

METALS CREEK TO OPTION ITS 1/3 STAKE IN NEW LEAD/SILVER PROPERTY ON NEWFOUNDLANDS GREAT NORTHERN PENINSULA, TO QUADRO RESOURCES

Metals Creek Resources Corp. has entered into an option agreement with Quadro Resources Inc., whereby Quadro Resources can earn Metals Creek's 33.33-per-cent interest in the new claims that were jointly staked on Newfoundland's Great Northern Peninsula.

To acquire Metals Creek's one-third interest, Quadro Resources will issue to Metals Creek a total of one million shares according to the following schedule:

1. On signing -- 200,000 Quadro Resources shares;
2. Within six months of the approval date -- 300,000 Quadro Resources shares;
3. Within 18 months of the approval date -- 500,000 Quadro Resources shares.

Metals Creek will retain a 1-per cent net smelter return royalty (NSR) on any future mineral production from the claims. Quadro Resources will have the right to purchase 50 per cent of the NSR from Metals Creek for $500,000.

Alexander Stares, president and chief executive officer of Metals Creek, stated: "Metals Creek already has a substantial share position in Quadro. Management believes this was the best path forward, allowing the company to focus on current projects, preserve capital, and be in a position to leverage the upside through this share position and retained a NSR, should the project advance towards development."

Recent grab samples taken from the newly discovered zone returned values up to 15.5 per cent lead and 192 grams per tonne (g/t) silver. The attached table provides the assay results.

Sample     Lead (%)    Silver (g/t)    Copper (ppm)    Zinc (ppm)

309910        1.99            30.7           3,954            40
309911        5.30            13.4             140            90
309912       15.50              44             400            94
309913        1.74            26.6             214            27
309914       10.20            70.7           4,581         2,600
309915        1.38            14.6             485            38
309916        6.30            86.2           1,188           520
309917        0.08             0.5              11            18
309918        5.07             192           2,372           344

The property is located approximately seven kilometres from the southeast boundary of Altius Minerals Corp.'s new Sail Pond discovery, where Altius obtained grab samples of up to 2,030 g/t Ag, 7.08 per cent Cu, 9.40 per cent Pb, 2.54 per cent antimony and 0.46 g/t Au. Altius has executed a letter of intent to sell its Sail Pond silver-copper-lead-zinc project to New Found Gold Corp., a private Newfoundland-focused precious metals explorer. Key conditions of the letter of intent include New Found Gold listing its common shares on a recognized Canadian stock exchange and raising a minimum of $7.5-million via a private placement (Altius would invest a minimum of $1-million).

Wayne Reid, PGeo, a qualified person (as defined in National Instrument 43-101), was involved in the collection of the samples, supervised the analytical program, and approved the scientific and technical disclosure in the news release.

Analysis reported in this release were completed by Eastern Analytical in Springdale, Nfld., with ISO 17025 accreditation. Samples were transported, by the qualified person, in sealed bags to Eastern Analytical and all samples were analyzed using a gold plus-34 element ICP (inductive coupled plasma) procedure. Overlimits for base metals and silver were assayed using industry-standard assay techniques.

The option will be effected with Quadro Resources. Metals Creek Resources is an insider and, as such, the transaction is a related party transaction (as such term is defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions). The company is relying on exemptions from the formal valuation and minority approval requirements set out in MI 61-101. The company is exempt from the formal valuation requirement of MI 61-101 (under sections 5.5(a) and 5.5(b)) in respect of the transaction, as the fair market value of the transaction, insofar as it involves the interested parties, is not more than 25 per cent of the company's market capitalization. Additionally, the company is exempt from minority shareholder approval under sections 5.7(1)(a) and (b) of MI 61-101, as, in addition to the foregoing, neither the fair market value of the transaction nor the consideration to be provided to the interested parties exceeds $2.5-million, the company has one or more independent directors who are not employees of the company and all of the independent directors have approved the transaction.

About Metals Creek Resources Corp.

Metals Creek Resources is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the exchange under the symbol MEK. Metals Creek has earned a 50-per-cent interest in the Ogden gold property, including the former Naybob gold mine, located six kilometres south of Timmins, Ont., and has an eight km strike length of the prolific Porcupine-Destor fault (P-DF) that stretches between Timmins, Ont., and Val d'Or, Que.