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New High Grade Intersections on Matamec’s Matheson JV Gold Property

September 11, 2008

Matamec Explorations Inc. (TSX VENTURE: MAT)(“Matamec”) is pleased to announce additional assay results from four drill holes in Target A on the Matheson JV Gold Property (Figure 1).

Hole MM08-10 intersected in the North Mafic Volcanics 76.0 g/t gold over 0.35 metre in a moderate Grey Zone containing several notations of visible gold (Figure 2, Image 01). Hole MM08-06 intersected, in the North Mafic Volcanics, 9.68 g/t gold over 1.0 metre in a moderate Grey Zone and 47.5 g/t gold over 1.0 metre in ultramafic volcanics (Figure 3). Hole MM08-07 returned a value of 10.50 g/t gold over 1.0 metre in Porcupine Sediments greywacke (Figure 4). Hole MM08-09 intersected 17.0 g/t gold over 1.0 metre and 9.85 g/t gold over 0.35 metre in intense grey zone in the North Mafic Volcanics (Figure 5). The assays reported in the following chart are only those that assayed above 1.0 g/t and the length is core length not true width.

 ----------------------------------------------------------------------- ---                                                             Length    Gold Hole #             Rock Unit                   From      To     (m)   (g/t) --------------------------------------------------------------------------          Weak Grey Zone in North Mafic          Volcanics                           137.45  138.45    1.0    2.33       --------------------------------------------------------------------                                               140.0   141.0    1.0    2.38                                              -----------------------------                                               144.3  145.05   0.75    1.63          Moderate Grey Zone in North Mafic   -----------------------------          Volcanics                            149.0   150.0    1.0    9.68                                              -----------------------------                                              151.85   152.5   0.65    3.71 MM08-06 ------------------------------------------------------------------                                               160.0   161.0    1.0    1.02                                              -----------------------------                                               161.6   162.0   0.40    5.24                                              -----------------------------          Ultramafic Volcanic                  162.0   163.0    1.0    4.42                                              -----------------------------                                               163.0   164.0    1.0    1.31                                              -----------------------------                                               176.0   177.0    1.0   47.50 --------------------------------------------------------------------------          Greywacke with Quartz Stringers &          Pyrite                               127.0   128.0    1.0   10.50 MM08-07 ------------------------------------------------------------------          Moderate Grey Zone in North Mafic          Volcanics                            232.0   232.5   0.50    1.52 --------------------------------------------------------------------------                                              200.65  201.65    1.0   17.00                                              -----------------------------                                              201.65  202.15   0.50    1.72          Intense Grey Zone in North Mafic    -----------------------------          Volcanics                           202.50  202.85   0.35    9.85                                              -----------------------------                                              203.25  204.00   0.75    5.91 MM08-09 ------------------------------------------------------------------                                              211.00  211.40   0.40    1.03          Moderate Grey Zone in North Mafic   -----------------------------          Volcanics                           214.40  215.40   1.00    1.17 --------------------------------------------------------------------------                                              215.80  216.70   0.90    1.06                                              -----------------------------          Moderate Grey Zone in North Mafic   219.00  219.70   0.70    1.66          Volcanics                           -----------------------------                                              221.10  221.45   0.35   76.00                                              -----------------------------                                              223.35  224.35   1.00    1.30 MM08-10 ------------------------------------------------------------------          Silicified and Sericitized North           Mafic Volcanics                     248.80  249.60   0.80    1.58 -------------------------------------------------------------------------- 

Matamec is presently awaiting assay results for holes MM08-04 and MM08-11 in Target A, and MM08-12 and MM08-13 in Target B. We expect most of these results to be available by the third week of September and they will be released as results for complete holes are received.

Matamec Explorations Inc. maintains a quality control program conforming to industry best practices in the sampling and analysis of drill core. The NQ core is split and submitted in batches containing a known standard, blank and a pulp duplicate to the Actlabs preparation facility in Timmins where the samples are reduced to pulps and couriered to Actlabs in Ancaster, Ontario for analysis. The samples are analysed by fire assay methods on a 50 gram sample size with a gravimetric finish. The samples and core are managed in a secure location until delivered to Actlabs. Actlabs maintains ISO 17025 certification, the highest accreditation available for QA/QC.

The geological data of this Press Release was prepared by Bill MacRae, VP Exploration (Ontario) for Matamec and a Qualified Person as defined by NI 43-101.

About Matamec

Matamec is a mining exploration company which is exploring for significant gold deposits in Ontario, and uranium and base metals deposits in Quebec. For gold, it has mainly targeted the East Timmins mining camp, in particular properties that are underexplored or have only been explored near-surface. Matamec’s numerous uranium and base metals properties are located throughout the province of Quebec.

All six figures can be found at the following address: http://media3.marketwire.com/docs/MATPDF.pdf

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

 Contacts: Matamec Explorations Inc. Andre Gauthier President Head Office 514-844-5252  Matamec Explorations Inc. Michael D'Amico Investor Relations East Region  Matamec Explorations Inc. Barry Bergstrom Investor Relations West Region  Matamec Explorations Inc. info@matamec.comwww.matamec.com

SOURCE: Matamec Explorations inc.




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