Webcast for Matamec's Kipawa HREE Deposit PEA Study January 30th, 2012 at 11:00 am EST

MONTREAL, QUEBEC--(Marketwire -01/27/12)- (TSX-V: MAT.V - News)(OTCQX: MHREF.PK - News) - Matamec will be hosting a conference call and webcast to discuss the PEA highlights concerning its Kipawa HREE deposit on Monday, January 30, 2012 beginning at 11:00 AM EST. Participants may join the call by dialing toll free 1-800-954-0629 or 1-416-981-9000 for local calls or calls from outside Canada and the United States. A live webcast of the call will be available through our website at: www.matamec.com. A copy of the presentation will be available on our website one hour prior to the webcast.

The press release accompanying the webcast with the PEA study results will be published at 8:00am (Eastern Time) on January 30th, 2012 EST.

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the heavy rare earths Kipawa deposit and exploring more than 35 km 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.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."