Matamec Retains CHF Capital Markets

MONTREAL, QUEBEC--(Marketwired - Oct. 3, 2016) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) is a junior mining exploration company whose main focus is on developing projects in Quebec and Ontario related to gold and elements essential for energy-related technologies. Today, the Company announced it has engaged CHF Capital Markets ("CHF"), a highly regarded Canadian firm headquartered in Toronto, as its investor relations partner.

Mr. André Gauthier, President & CEO of Matamec, commented, "We are pleased to retain CHF, as the firm has superior knowledge of the mining industry, as well as many decades of capital markets experience. This will be a true value-added partnership for Matamec."

Effective immediately, the services agreement (the "Agreement") is for a twelve-month period (the "Term"). Pursuant to the Agreement, CHF will notably conduct on behalf of the Company (the "Services"), in exchange for a monthly fee of $5,000, an investor relations outreach program (including road shows), featured articles about Matamec in its newsletter, social media outreach, and periodic communications with brokers and Company shareholders. The Parties have agreed to review the Agreement and Services following the initial six months of the Term at which time the Agreement may be terminated by Matamec. The Agreement remains subject to regulatory approval.

About CHF Capital Markets

CHF's effective role is to act as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/TSX Venture and CSE listed companies, and others including private companies that may seek to list on North American Exchanges. CHF operates in a broad range of industries including mining exploration and producers, oil & gas, renewable energy and industrial services, high-tech, business solutions and products. The depth of capital market experience at CHF is formidable dating back to 1980.

About Matamec

Headquartered in Montréal, Québec, Matamec Explorations Inc. is a junior mining exploration company with two main areas of focus: gold and elements that are essential for energy-related technologies with properties containing lithium, cobalt, nickel, PGE and REE among others. It is developing the Kipawa HREE JV deposit owned at 72% by the Company and 28% by Ressources Québec (acting as agent of the Government of Québec); and Toyota Tsusho Corp. (Nagoya, Japan) holds a 10% royalty on net profit in the deposit.