Mr. Lawrence Roulston reports

MTB ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

MTB Metals Corp. has arranged a non-brokered private placement of securities to raise total gross proceeds up to $400,000.

The offering will comprise flow-through units to be sold at a price of 10 cents per FT unit. Each FT unit will comprise one flow-through common share in the capital of the company that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share for a period of three years from the date of issuance at an exercise price of 18 cents per warrant share. The company intends to use the gross proceeds raised from the offering for exploration and related programs on the company's mineral properties, primarily the Telegraph porphyry copper-gold project in British Columbia's Golden Triangle.

Lawrence Roulston, chief executive officer, commented: "These flow-through dollars will fund the ongoing work on Telegraph while preserving the hard dollars. The geological team are continuing to compile and evaluate the results of the past season and are conducting further work to extract as much information as possible from the drilling and other work this season. These results will put us in a strong position for plan and fund the next phase of work."

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About MTB Metals Corp.

MTB has six active projects spanning 580 square kilometres in the prolific Golden Triangle of Northern British Columbia. With the focus on the Telegraph project, discussions are now under way leading to joint ventures and/or spinouts of other projects. Telegraph is located in the vicinity of four world-class porphyry deposits being advanced by major mining companies: Galore (Teck/Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newmont/Imperial Metals). Fieldwork, including drilling, by MTB on its 344-square-kilometre property, together with earlier results, provides compelling evidence for the presence of one or more porphyries, similar to the others in the area. Assay are pending from four drill holes.

We seek Safe Harbor.