Montreal, August 27, 2015 - Matamec Explorations Inc. ("Matamec" or the "Company" - TSX-V: MAT; OTCQX : MHREF) is pleased to announce that the Board decided to grant 1,275,000 stock option Company’s to directors, officers and employees.
All stock options, totalling 1,275,000, were granted at an exercise price of $0.10 per share, for a period of five years. These options, as well as the terms and conditions of their exercise, are governed by the Company’s Stock Option Plan.
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit owned at 72% by the Company and at 28% by Ressources Québec. Furthermore, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property holds at 50% located along strike and in close proximity to the Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. In Quebec, the Company optioned its Sakami property located in the James Bay region of northern Quebec to Canada Strategic Metals which can be acquired a 50% interest by spending $2,250,000 on the property in three years. Furthermore, Matamec is exploring for precious and base metals on its Valmont and Vulcain properties, and for lithium and tantalum on its Tansim property.
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