Net smelter royalties on the Hoyle-Matheson and Montclerg properties to be sold

3,000m campaign on Zone 25 seeks to confirm the extension of gold mineralization to the west and follow up on previous results that include 21.05m of 4.94g/t Au

Matamec’s Kipawa deposit contains holmium, the heavy rare earth element essential to new storage technology that allows for 1000x more data to be stored than ever before.

The joint venture plans to invest the remaining $2,030,000 CAD over the next year in pursuit of its 2015-2017 objectives.

Matamec receives CAD$500,000 and NSR on the new Hoyle-Matheson Royalties Property

Matamec to receive $500,000 and NSR on 4 properties

The PRE AA (agreement) sets out the arrangements among the parties related to, among other things, the consideration to be received by the Company for the sale of its interest in the properties, being CAD$500,000 and certain net smelter royalties, all as detailed below.