Matamec Announces that CSM Has Exercised the Option to Acquire an Additional 20% Interest in the Sakami Property - Seite 2

In Zone 25, the last 3 drill holes done in 2016 in the west have resulted in the following intersections:

• PT-16-91 : 2.21 g/t Au over 43.3 metres;
• PT-16-92 : 2.52 g/t Au over 48.55 metres;
• PT-16-93 : 1.87 g/t Au over 27 metres.

The Péninsule sector is located approximately 1.5 km northwest of La Pointe and is almost entirely within the Laguiche sedimentary units. There are numerous outcrops of greywacke, paragneiss, pegmatite, and a single outcrop of basalt to the northwest. Gold showings in this area are associated with quartz-pyrite veinlets.

Following channel sampling done in 2016, the Simon showing has been identified and supports the presence of high-grade gold values, with channel sampling results of up to 20.8 g/t Au over 1 metre and 17.45 g/t Au over 1 metre. This new gold showing is located on a geophysical anomaly where a strong magnetic low is observed, as well the junction of multiple faults. It is also located on the contact between the Laguiche sediments (Opinaca) and the La Grande belt volcanic.

The JR sector consists mainly of Yasinski group basalts from the La Grande Subprovince, which contact the detrital sediments of the Laguiche Group (Opinaca Subprovince) in the east; this contact continues to be the focus of exploration work on JR.

The Île showing could be a northeastern extension of the JR showing, 2.5 km to the east-northeast.

Figure 1. ''Map of the Sakami Property, identifying regional geology and explored local sectors.'' is available at the following address: http://media3.marketwire.com/docs/1085820a_fig1.jpg

La Pointe Sector: Zone 25 (see figure 2)

Matamec has identified three (3) distinct gold zones between the two geological subprovinces of La Grande and Opinaca on the La Pointe sector, namely Zones 23, 25 and 26 from east to west. Zone 25 in particular is continuous along a lateral distance of at least 500 m and extends more than200 m in the down dip direction (50-60 degrees to the south). Zone 25 outcrops at surface, however, it plunges gently to the west-north-west under lake Sakami.

Figure 2. ''Geology and west part of Zone 25'' is available at the following address: http://media3.marketwire.com/docs/1085820a_fig2.jpg

The results from PT-16-93 together with PT-16-91 and PT-16-92 confirm that Zone 25 increases in thickness and grade to the northwest. The mineralization remains open to the northwest, as well as at depth, with the best intersects along the northern edge, where the thickness varies between 6 and 40 metres. Note that the grade of the intervals are relatively consistent; there are no extreme grade assays that carry very low grade intervals. The very thick intervals and their relative position suggest a possible merging of Zone 22 and 25 to the northwest (see figure 3).