Matamec Creates New Subsidiary Specializing in Properties with Key Elements for Technology Related to Energy

MONTRÉAL, QUÉBEC--(Marketwired - Sept. 26, 2016) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce the creation of its Energy subsidiary and the Company's intent to acquire the Lorraine Property from Greg Explorations Inc. ("Greg »), subject to certain conditions, as agreed at the signature of the recently announced MOU (see the September 12, 2016 press release).

In terms of key elements that are used in technology related to energy (see Tables 1 and 2), Matamec will hold interests in the following energy-related properties (see Figure 1 for their locations):

• Elements used in lithium-ion batteries, for vehicles and energy storage:
  • The Tansim Property (100% owned by Matamec) covers 12,000 hectares (ha) and is located on the north shore of Lake Simard in the Temiscamingue region of Québec. It shows complex and zoned granitic pegmatites on more than 10 km - see the Tansim Property section and Figure 2 for more details;
    
    
  • The Lorraine Property (100% owned by Matamec) covers 4,600 ha in the Témiscamingue region approximately 40km east of the provincial border with Ontario - see the Lorraine Property section and Figure 3 for more details;
    
    
  • The Fabre Property (100% owned by Matamec) covers 2,930 ha in the Lake Temiscamingue region about 10km from the historic Cobalt mining camp, and is in a lithological and structural setting that is key to the discovery of cobalt-enriched mineralization - see the Fabre Property section and Figure 4 for more details;
    
    

• Elements used in most technologies related to energy:
  • The Kipawa Property, located 50km east of the town of Témiscaming, comprises a block of 21 mining claims covering more than 1,100 ha - see the Kipawa Property section and Figure 5 for more details.

"With the creation of its Energy subsidiary, Matamec takes its place among the companies at the vanguard of the development of properties with key elements for energy-related technology," said André Gauthier, President and CEO of Matamec. "Taken together with the properties held by Matamec Gold, the Company offers a diversified investment opportunity for the market."