Matamec Explorations inc.: First Two Drill Holes Have Been Completed on the Heavy Rare Earths Kipawa Deposit

MONTREAL, QUEBEC–(Marketwire – Nov. 26, 2009) – Matamec Explorations Inc. (”Matamec”)(TSX VENTURE:MAT) announces that the 2000-metre NQ calibre drilling campaign has begun on the heavy rare earths-yttrium-zirconium Kipawa deposit, located on the Zeus property. The first two drill holes: 09-KM-35 and 09-KM-36 were drilled at 74 and 71.5 metres respectively.

The current drilling campaign aims to confirm the historical resources of the Kipawa deposit and to increase resources by drilling the central portion which has seen very little work along its 620 metre length separating the East and West zones, zones that were the focus of the historical resources. Additional information will be communicated in the near future as the fall 2009 exploration program advances.