Mr. Mario Pezzente reports

MUSK METALS COMPLETES EXPLORATION AT ITS FAFNIR LAKE URANIUM AND MOLYBDENUM PROPERTY IN QUEBEC

Musk Metals Corp. has completed its initial outcrop sampling program on its 100-per-cent-owned Fafnir Lake uranium and molybdenum property, located in the Upper Laurentides region of Quebec. The company carried out detailed outcrop sampling in an area roughly four kilometres by one kilometre encompassing both the Fafnir Lake and Huillier Lake showings, which are nearly three kilometres apart.

Property geology consists of predominantly quartz-feldspar paragneisses intruded by multiple late-stage coarse to mostly pegmatitic granite dikes that are sometimes of monzonite composition due to its variable quartz content. These whitish-to-pinkish pegmatites are of plurimetric size and often tens of metres and can become orange to reddish with increasing hematization. Intensities of alteration and deformation of paragneisses are generally enhanced with increasing number of intruded pegmatite dikes; in some areas, these paragneisses have low cohesion.

This exploration campaign allowed to better outline the area of interest at approximately three kilometres to 500 to 700 metres wide, oriented north-south within the Fafnir property. West and east of that zone of interest, the percentage and number of pegmatites are decreasing rapidly. Nearly 100 outcrops were mapped, including the Fafnir showing and most mineralized and reported outcrops within this area of interest. Unfortunately, the Huillier showing, identified and reported in 1968, may have not been sampled.

Although sulphides were not observed in most samples, few samples had sulphides up to 5 per cent either in pegmatites and paragneisses. Black and dark minerals are often present in pegmatites and allanite, a rare earth element, was positively observed. Metamict texture was also observed in some samples, indicating the possible presence of thorium and/or uranium.

Forty-one rock samples were sent in Val d'Or for critical element assays, including uranium, molybdenum and rare earth elements.

The Fafnir Lake property consists of 36 claims covering 2,102 hectares (21 square kilometres). The property is approximately 75 kilometres north of the town of Mont-Laurier and has good access through a network of secondary and lumber roads. The property comprises the Huillier Lake and Fafnir Lake showings.

The Fafnir Lake showing was discovered in 2006 and consists of an intensely altered pegmatite body, where a grab sample yielded 0.16 per cent uranium oxide (U3O8), 0.06 per cent molybdenum, 0.06 per cent lead, 0.15 per cent zirconium and 92 parts per million niobium. Approximately 750 metres to the north-northwest, historical drill hole C-8 returned 0.19 per cent U3O8 over three metres.

Discovered in 1968 and never followed up, the Huillier Lake showing is nearly three kilometres north of the Fafnir Lake showing and consists of at least five light-coloured and parallel pegmatite dikes, striking almost due north and dipping 10 to 20 degrees to the east. A total of three historical holes drilled from the Huillier showing crosscut several 0.3-to-0.6-metre-wide intervals that assayed 0.06 per cent to 0.11 per cent U3O8; no assays were available for molybdenum, lead, zirconium or niobium.

Musk Metals cautions that the geological information provided in this news release is of historical nature and mineralization may not be representative of mineralization on the Fafnir Lake property.

Benoit Moreau, PEng, a qualified person as defined by National Instrument 43-101, and vice-president of exploration for Musk Metals, is responsible for the technical information contained in this news release.

About Musk Metals Corp.

Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada's top mining jurisdictions. The company's properties are in the Allison Lake batholith of Northwestern Ontario and in the Chapais-Chibougamau, Abitibi, Upper Laurentides and James Bay regions of Quebec.

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