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Matamec, CSM Announce Results from Second Drill Hole on Sakami Property in Quebec

Matamec Explorations Inc. ("Matamec" or the "Company") and Canada Strategic Metals ("CSM") are pleased to announce results for the second hole, PT-16-92, drilled during its Summer 2016 exploration program on the Sakami property. This hole, drilled on the Northwest extension of Zone 25 (main zone), returned an intersection of 4.94 g/t Au over 21.05 metres within a wide gold-bearing intersection of 2.52 g/t Au over 48.55 (see table below).

Once again, the drill results for the Northwest extension confirmed the extension of Zone 25 and tend to indicate higher gold grades in this direction (see Matamec and CSM's press releases of August 25, 2016). The exploration program consists of a total of nine holes for a total of 2,058 metres of drilling.

Table of mineralized intersections from 2016 drilling

Hole # From (m) To (m) Length * (m) Au (g/t)
PT-16-91** 165.20 208.50 43.30 2.21
Including 176.00 187.50 11.50 3.46
PT-16-92 203.60 252.15 48.55 2.52
Including 206.95 228.00 21.05 4.94
Including 206.95 225.00 18.05 5.38

* The Company estimates the true width of the mineralized zone at 70 to 95% of the core length.

** Results already announced in a press release dated August 25, 2016.

The program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its south extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, Zone 25 will have been tested laterally over more than 300 metres and over 500 metres along its strike.

As soon as CSM and Matamec have received and compiled the results from drillholes PT-16-93 to PT-16-99, they will be disseminated. The locations of the new drill holes are presented in figure 1. Highlights of previous results can be found on the press release dated April 4, 2016.

Guy Desharnais, P.Geo., Ph.D. (OGQ No.1141), is a Qualified Person as per NI 43-101; he reviewed and approved the technical content of this press release.

"Taken together with the promising results from the first hole, these positive findings reinforce our understanding of the main gold zone at Sakami," said André Gauthier, president and CEO of Matamec. "We look forward to obtaining and sharing the complete results of this summer's drilling program."


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