Mr. Andre Gauthier reports

MATAMEC AND CANADA STRATEGIC METALS ANNOUNCE AGREEMENT FOR SAKAMI GOLD PROJECT

Matamec Explorations Inc. and Canada Strategic Metals Inc. have signed an option agreement where Canada Strategic Metals can acquire an interest of up to 70 per cent in the Sakami project, located in the James Bay region of Northern Quebec, approximately 570 kilometres north of Val d'Or and 900 kilometres northwest of Montreal. The property consists of a total of 120 mineral claims covering 6,032 hectares.

The property straddles the structural contact between the Opinaca and La Grande subprovinces of the Archean-age Superior structural province. This is a major structural corridor that occurs on surface as a 100-kilometre-long S-shaped feature trending northeast to southwest. The Sakami property covers approximately 13 km of this structure, which is up to 500 metres wide on the property. Several gold-bearing areas have been discovered on the property within or near this structural zone.

"Matamec is pleased to partner with Canada Strategic Metals in advancing the exploration of the Sakami gold project," said Andre Gauthier, president and chief executive officer of Matamec Explorations. "The location of Sakami up north in Quebec is a strong potential for gold as evidenced by past drilling campaigns."

Jean-Sebastien Lavallee, president of Canada Strategic Metals, stated: "Canada Strategic Metals has been looking for an opportunity to acquire a project with strong historical results. The Sakami property meets exactly Canada Strategic Metals' criteria and is over a highly prospective geological area of the known gold mineralized trend from the multimillion-ounce discovery of the Eleonore deposit owned by Goldcorp, and other deposits such as the La Grand Sud and the Orfee deposit owned by Virginia Gold Mines. I believe the acquisition of the Sakami project is a key turning point for Canada Strategic Metals future growth."

Canada Strategic Metals can acquire a 50-per-cent interest by issuing common shares and carrying out exploration as shown in the table.

                                      Number of shares  Exploration work

Signature of a formal agreement                500,000                 -
On the first anniversary                       500,000          $500,000
On the second anniversary                      500,000          $750,000
On the third anniversary                       500,000        $1,000,000
Total                                        2,000,000        $2,250,000

A minimum of $500,000 must be spent by Canada Strategic Metals on exploration before the first anniversary of the agreement. In the event that Canada Strategic Metals renounces its option, the unspent portion of the $500,000 minimum in exploration expenses shall be paid in cash or in shares, at the sole discretion of Canada Strategic.

Canada Strategic Metals will have acquired an interest of 50 per cent in Sakami after issuing a total of two million common shares and carrying out exploration in the amount of $2.25-million before Aug. 16, 2016.

Once Canada Strategic Metals has earned a 50-per-cent interest, the parties will form a full joint venture and will enter into a formal agreement with the standard clauses.

The property is subject to a 1-per-cent net-smelter-return royalty on certain claims.

Within 180 days of acquiring its 50-per-cent interest in the property, Canada Strategic Metals will have an option to acquire an additional 20-per-cent property interest by issuing one million shares to Matamec and completing an independent bankable feasibility study within five years of the date of the share issuance. During the period that the additional option is valid, the company must spend a minimum of $2-million on exploration by the end of each year until the feasibility study is completed.

Aline Leclerc, vice-president of exploration (Geo), is Matamec's qualified person for this press release.