The Sakami Summer Exploration Program Launches Amidst a Rush of Interest in Mineral Exploration Along the La Grande-Opinaca Tectonic Boundary in the Baie James Sector

MONTRÉAL, QUÉBEC--(Marketwired - July 6, 2016) - Matamec Explorations inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals ("CSM") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce that the exploration program of almost CAD$700,000 that recently started on the Sakami property (see June 28th, 2016 press release), is taking place as a rush of interest in the mineral exploration is happening along the La Grande-Opinaca Tectonic Boundary in the Baie James Sector (See figure 1: Regional Geology).

Since the announcement of expanded mineralization of the Cheechoo deposit by Sirios Resources on March 29, we have seen several significant exploration budgets announced. These include exploration programs by Sirios Resources (April 22, 2016-5.5M$CAD), Midland Exploration with Osisko Exploration (June 16, 2016-1M$CAD), and Les Mines Opinaca with Eastmain Resources and Azimut Exploration (June 16, 2016-2M$CAD).

Sakami Property

Option Agreement - Sakami Property

On August 16, 2013, Matamec signed an option agreement with CSM in which the latter could acquire a 50% interest in the Sakami gold project by spending CAD$2,250,000 in exploration work and other conditions over a period of three (3) years.

Geology

The property covers a major geological contact between two sub-provinces that are very favourable for hosting gold deposits. This geological setting comprises the Opinaca sediments, the La Grande mafic volcanics, and iron formations in association with a strong deformation zone, notably near the tectonic contact of the La Grande-Opinaca sub-provinces. The mineralization style and tectonic setting share considerable similarities with the Eleonore mine held by Goldcorp (see April 4th and 25th, 2016 press releases).

Focus areas

The Summer 2016 program plans to test 4 separate areas, including a 2,000 m drill campaign on the La Pointe sector. Ground geophysics, mapping and prospecting around previously defined anomalies will be completed over the Péninsule, Île and JR sectors (see figure 2).

Significant gold potential in the La Pointe Zone

A 2,000 m drilling program is planned on the La Pointe area to extend Zone 25 to the northwest and southeast. The drilling program is also aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest and the south-east, as well as its extension at depth. In addition, a stratigraphic exploration hole is planned in the south portion of La Pointe (see figure 3, Location of projected drilling holes.)