Matamec Explorations Inc. ("Matamec" or the "Company") (TSX
VENTURE:MAT)(OTCQX:MHREF) is pleased to announce that the Company has received a
third payment of 263,887 CDN from its Japanese partner Toyotsu Rare Earth Canada
Inc. ("TRECan"), a subsidiary of Toyota-Tsusho Corp. ("TTC").


Under the terms of the Joint Venture Agreement ("JVA") by which TRECan can
acquire 49% undivided interest in the Kipawa HREE Deposit, Matamec received 8.5M
CDN for the first 25% undivided interest on July 18, 2012. To acquire the second
24% undivided interest, TRECan has to pay to Matamec a maximum amount of 7.5M
CDN. The 263,887 CDN is the second of a number of successive payments in
completion of the 7.5M CDN, but the third overall payment received from TRECan.
Matamec will transfer the 24% undivided interest to TRECan when it will receive
a cumulative maximum amount of 7.5M CDN.


To date Matamec has received $10,147,550 CDN of the maximum $16M CDN for the
completion of a definitive feasibility study on the Kipawa HREE deposit, which
are expected in the second quarter of 2013.


"This agreement secures a heavy REE supply for the production and marketing of
hybrid vehicles and adds significant tangible value to Matamec. TRECan is a
well-recognized strategic partner that has committed $16M to Matamec to complete
a definitive feasibility study; and signing an agreement to buy 100% of a mixed
rare earths concentrate," said Andre Gauthier, President and CEO of Matamec
Explorations. TRECan also brings intangible value including a mutual
collaboration to accelerate the development of the Kipawa HREE deposit and
technical assistance through the worldwide Toyota Network".


About TTC and TRECan 

Established for more than 60 years and subsidiary of Toyota Motor Group, TTC is
a general trading company that develops business together with over 400
consolidated group companies in Japan and overseas, with customers around the
world, via a global network covering Japan and more than 60 other countries
worldwide. TRECan is a subsidiary of TTC especially created for the JVA for the
Kipawa HREE deposit. 


About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main
focus is in developing the Kipawa HREE deposit with TRECan. Following the
positive conclusion of the PEA study filed on SEDAR in March 2012 and the hiring
of a VP Project development and Construction, Matamec and TRECan decided to move
directly to the feasibility study. The March 2012 press release highlighted that
the project has robust economics such as: $606 million before-tax value (NPV8%),
a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax
payback period of 2.4 years, etc. (see press release dated January 30, 2012).


In parallel, the Company is exploring more than 35km of strike length in the
Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum
mineralization on its Zeus property. 


The company is also exploring for gold, base metals and platinum group metals.
Its gold portfolio includes the Matheson JV property located along strike and in
close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins,
Ontario.


In Quebec, the Company is exploring for lithium and tantalum on its Tansim
property and for precious and base metals on its Sakami, Valmont and Vulcain
properties. As well, it is exploring for gold together with Northern Superior
Resources Inc. on the Lesperance/Wachigabau property.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Andre Gauthier, President
(514) 844-5252
info@matamec.com
www.matamec.com


Joanna Longo
(416) 238-1414 ext 233
jlongo@terrepartners.com
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