MONTREAL, QUEBEC--(Marketwired - Oct 3, 2014) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(MHREF) following-up on its press releases of April, 2^nd and September 19^th, is pleased to announce the closing of a first private placement of $999,999.96 CAD with Ressources Québec Inc. ("RQ"), a subsidiary of Investissement Québec.

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit owned at 100% by the Company. 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 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 is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Valmont and Vulcain properties. In August 2013, Matamec signed an option agreement where Canada Strategic Metals ("CSM") can acquire an interest of up to 50% in the Sakami gold project, located in the James Bay region of northern Quebec by committing $2.25 million in exploration work. To this day, CSM' has spent over $500 000 CAD on the property and is planning to spend more than $1M CAD for its exploration campaign in the fall/winter 2015.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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