Matamec Receives Prestigious Quebec Award for Excellence in Exploration

MONTREAL, QUEBEC--(Marketwired - Nov. 14, 2013) - Matamec Explorations Inc. ("Matamec" or the "Company")(TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce that it has been awarded the prestigious "Entrepreneur of the Year Award" by the Québec Mineral Exploration Association (AEMQ) for its work in developing the Kipawa Heavy Rare Earth Elements (HREE) Project.

The association noted that "the award emphasizes the work of a team and its contractors whose company has made significant progress over the past year. This progress can be related to the development of a specific project, to all company activities or the development of a mining project towards its phase of production."

"We are very honoured to have been recognized by the association for our Québec Kipawa Heavy Rare Earth Project, which is the first project outside of China to have filed a 43-101 Feasibility Study Technical Report," said Andre Gauthier, President and CEO of Matamec Explorations. "I would like to congratulate Aline Leclerc, Vice President of Exploration, Frederic Fleury, Head Geologist, Kipawa Project and their team for their dedication and passion to the profession of exploration. This award is a clear statement to the high quality of work the Kipawa project has demonstrated to industry professionals."

Mr. Gauthier further commented, "I would like to also give special tribute to Dr. Tony Mariano and Tony Mariano Jr. for their steadfast support these so many years in building the Kipawa Project into the most advanced heavy rare earth project outside of China." As Dr. Mariano commented in August, 2013, "The best source for a sustained quantity of HREEs is Matamec Exploration's HREE mineral-bearing deposit in Kipawa, Québec."

The award was granted at AEMQ's annual recognition awards ceremony during the Québec Mining Exploration Convention, November 13, 2013.

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan.

In parallel, the Company is 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. Since 2007, Matamec discovered eight (8) new rare earth showings. Particularly, it drilled the PB-PS Zone in the fall of 2012 and identified Eudialyte-Mosandrite/Yttro-Titanite/Britholite mineralization similar to those found at the HREE Kipawa Deposit. This mineralization is presently known over a length of 200 metres and is open laterally and at depth. This mineralized zone is 2.3 Km SW of the Kipawa deposit and a soil anomaly seems to connect the two. The Company plans to drill these extensions later this year.