investment quebec: mining exploration companies in asia...

IQ: Asia MissionJuly, 2010TSX-V: MAT

Investment Quebec: Mining Exploration Companies in Asia 2010

TSX-V: MATCorporate Presentation 2

The information contained herein has been prepared to assist interested parties in making theirown assessment of Matamec Explorations Inc. (the “Company”) and does not purport to containall of the information that an interested party may desire. In all cases, interested parties shouldconduct their own investigation and analysis of the Company, its assets, financial condition andprospects, and of the data set forth in this presentation. The Company does not assume anyresponsibility for independent verification of any of the information set forth herein, including anyfinancial forecasts or statements about the prospects of the Company contained herein. TheCompany does not make any representation or warranty as to the accuracy or completeness ofthis presentation or the information contained in, or for any omissions from, this presentation orany other written or oral communications transmitted to the recipient in the course of itsassessment of the Company. By the receipt of this presentation, the recipient acknowledges thatonly those particular representations and warranties, if any, which may be made to a party in adefinitive written agreement regarding a transaction involving the Company if, as and whenexecuted, and subject to such limitations and restrictions as may be specified therein, will haveany legal effect.

Disclaimer


PRESIDENT & CEO(2003)

André Gauthier More than 25 years experience in the mining industry

V-P EXPLORATION(2003)

Aline Leclerc1976 - … Geologist-consultant

SECRETARY TREASURER(2005)

Laval St-Gelais 1980 - … Chartered accountant

DIRECTOR(2009)

Marcel Bergeron1981 - … CMA/1983 - … Chartered accountant2007 - … Strateco Resources Inc (TSX-RSC)– Director

INDEPENDENT DIRECTOR(2009)

Normand Tamaro1982 - … Lawyer – LL.D (specialized in intellectual property law)

INDEPENDENT DIRECTOR(2010)

Sylvie Prud’homme1979 - … Geologist2005- … Director of Investors Relations at Osisko Mining Corporation (TSX-OSK)


Positioning Matamec as a:

1) Potential strategic metal producer of Rare Earth-Yttrium, Zirconium, Rare Metals (Lithium-Tantalum-Niobium), Cobalt and PGM

2) Potential green producer of “Green Metals” due to a smaller environmental footprint


Name

Anthony Mariano is a PhD geologist, he worked on the identification of eudialyte and other rare earth-bearing minerals at the Kipawa Alkaline Complex

Since 2007, he has worked as a consultant for Matamec on the mineralogy of the Kipawa Complex and building a rare earths network for the Company.

Alex Knox is an MSc geologist with extensive field experience in exploration for more than thirty-four years.

He worked on the Kipawa deposit from 1985 to 1990 and since 2007, he has acted as an advisor with regards to exploration for rare-earths-yttrium-zirconium for Matamec. He will be supervising the upcoming exploration program.

Les Heymann is a chemical engineer that has a long experience as a professional manager in the introduction of innovations to increase mineral processing plant efficiency and recovery, especially for Rare Earths.

Since 2008, he has worked as a consultant for Matamec, especially for rare earths mineral processing and metallurgy.

Raynald Vézina is a mining engineer with more than thirty-five years of experience in the mining industry.

Since 2008, he is a special advisor for Matamec regarding development of gold properties in Timmins.


TH : 7.19% REE, 2.16% Y, 2.9% Zr700 X 200m soil anomaly

Falaises : 0.9% REE, 0.4% Zr

Surprise : 2m @ 1.4% REE, 0.5% Y0.5% Zr and 0.8% Nb

Couleuvre : >11.3% REE, 0.9% Y, 1.1% Zr

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Corporate Presentation 7

.

Matamec’s Fall 2009 drilling program

established that the syenite and associated

lithologies are continuous over 1.45 km, is 200

metres wide and is 50 metres deep

The deposit is presently considered open both laterally and at depth

West Zone (Historical Resources)1.26 Mt at 0.15% Y2O3 / 0.96% ZrO2

East Zone (Historical Resources)1.01 Mt at 0.14% Y2O / 1.17% ZrO2

Matamec announced on June 3rd, 2010 that it has increased in all NI 43-101 Resource Categories of 300% for

the Kipawa Deposit!

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SW NEFor the syenite body, it calculated a volume of 41.83 Mt of rock within the Kipawa deposit, and in which it has defined two types of mineralized zones.

The majority of the Zr found in the ZrO2 zones is contained in the mineral vlasovite, a potentially non-refractory Na-Zr silicate.

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Scenario 1: TREO Resources with ZrO2 by-productCut-off grade

% Classification Tonnes TREO*%

ZrO2%

(H+Y)**/TREO*%

TREO > 0.50 Indicated 2,510,000 0.63 0.88 32

TREO > 0.50 Inferred 4,730,000 0.66 0.97 33

Y2O3 > 0.10 Indicated 3,350,000 0.58 0.89 33

Y2O3 > 0.10 Inferred 6,480,000 0.60 0.99 34

SCENARIO 1 - TREO ENRICHED ZONESIndicated and Inferred NI 43-101 Resources at a cut-off of TREO >0.50%

Zone TREO ENRICHED ZONESTonnage 2,510,000 4,730,000

Classification Indicated % Indicated t Inferred % Inferred tLREO* Light rare earth oxides 0.39 9,800 0.39 18,400MREO* Medium rare earth oxides 0.040 1,000 0.042 2,000HREO* Heavy rare earth oxides 0.063 1,600 0.071 3,400Y2O3 Yttrium 0.14 3,500 0.15 7,100

HREO + Y2O3 0.20 5,100 0.22 10,500

TREO* Total rare earth oxides 0.63 15,800 0.66 31,200Zr2O2 Zirconium 0.88 22,100 0.97 45,900

Current resources of 15,800,000 kg indicated TREO and 31,200,000 kg inferred TREO with a TREO cut-off grade of 0.50% with a HREO +Y2O3 ratio of 30-33

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SCENARIO 2 - ZrO2 ZONESIndicated and Inferred NI 43-101 Resources at a cut-off of ZrO2 >0.50%

Zone TREO ENRICHED ZONE ZIRCONIUM ZONE ALL ZONESTonnage 6,560,000 10,310,000 14,460,000 7,730,000 21,020,000 18,040,000

Classification Indicated Inferred Indicated Inferred Indicated Inferred% t % t % t % t % t % t

LREO 0.28 18,400 0.30 30,900 0.07 10,100 0.08 6,200 0.14 29,400 0.21 37,900MREO* 0.030 2,000 0.033 3,400 0.007 1,000 0.008 600 0.014 2,900 0.022 4,000HREO* 0.049 3,200 0.055 5,700 0.013 1,900 0.013 1,000 0.024 5,000 0.037 6,700Y2O3 0.10 6,600 0.12 12,400 0.02 2,900 0.03 2,300 0.05 10,500 0.08 14,400

HREO + Y2O3 0.149 9,800 0.175 18,100 0.033 4,800 0.043 3,300 0.074 15,500 0.117 21,100TREO* 0.46 30,200 0.51 52,600 0.12 17,400 0.12 9,300 0.23 48,300 0.34 61,300Zr2O2 0.90 59,000 0.99 102,100 1.02 147,500 1.03 79,600 0.99 208,100 1.01 182,200

Scenario 2 : ZrO2 resources with TREO by-productCut-off grade

% Classification Geologic zones Tonnes ZrO2%

TREO*%

(H+Y)**/TREO*%

ZrO2 > 0,50 Indicated TREO enriched 6,560,000 0.90 0.46 32ZrO2 > 0,50 Indicated ZrO2 zones 14,460,000 1.02 0.12 28ZrO2 > 0,50 Indicated Total 21,020,000 0.99 0.23 32ZrO2 > 0,50 Inferred TREO enriched 10,310,000 0.99 0.51 34ZrO2 > 0,50 Inferred ZrO2 zones 7,730,000 1.03 0.12 36ZrO2 > 0,50 Inferred Total 18,040,000 1.01 0.34 34

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Corporate Presentation12

1. Industrial Minerals DepositLocalization

2. Type of MineralsKnown Metallurgy?

3. REE distribution: Enriched in heavy REEs

4. Extraction costsOpen PitMedium grained, well crystallisedClose to infrastructures

5. MetallurgyEasily solubleHydrometallurgy progressing in a good way

6. Sufficient tonnage for 10 yearsResource calculation available as of June 3rd, 2010

100

1000

10000

100000

1000000

La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y

Kipawa EudialyteKipawa MosandriteKipawa BritholiteBulk K-1Bulk K-2Bulk K-3

TSX-V: MATCorporate Presentation

13

Rare Earth Oxide Demand Supply/ProductionREO Tonnes Percentage REO Tonnes Percentage

Lanthanum 51,050 28.4% 54,750 26.9%

Cerium 65,750 36.5% 81,750 40.2%

Praseodymium 7,900 4.4% 10,000 4.9%

Neodymium 34,900 19.4% 33,000 16.3%

Samarium 1,390 0.8% 4,000 2.0%

Europium 840 0.5% 850 0.4%

Gadolinium 2,300 1.3% 3,000 1.5%

Terbium 590 0.3% 350 0.2%Dysprosium 2,090 1.2% 1,800 0.9%

Erbium 940 0.5% 1,000 0.5%

Yttrium 12,100 6.7% 11,750 5.7%Ho-Tm-Yb-Lu 200 0.1% 1,300 0.5%

TOTALS 180,050 90.1% 203550 103.6%

*Dudley J. Kingsnorth (2009)

Forecast supply shortage in 2014

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Greater volume tradedLow unit price (6 to 34$US/kg, except Eu 520$US/kg)95% of the market dominated ChinaMt Weld : TREO 9.7%(Australia) andMountain Pass: TREO 9.2%(USA) are theonly currently known potential competitorsto Bayan Obo:

Light and Medium REEs

1,460 million tonnes @3.9% REO, 56 million Tonnes

La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y

High price per kg (22-505$US per kg)Limited global supply; shortage predicted for 2014 (IMCOA & Roskill, 2010)Chinese trend toward limiting exports, consolidating the producers and implementing environmental protection measures (May 2010)Growing applications and usesAccording to Les Heymann (P.Eng.) and A. Mariano (Ph.D), the Kipawa deposit is a potential source of HREO/Yttrium which could compete with the South China clays deposits:

Heavy REEs

0.03% TREO

Courtesy of Lynas

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* Source: Dudley J. Kingsnorth, IMCOA, October 2009

** Source: Metal – Pages, July 2010

***Source: Industrial Magazine, July 2010

Application Gross Value US$M Market Share by Value

Catalysts 60 5%

Glass (Er) 25 2%

Polishing 60 4%

Metal Alloys 175 14%

Magnets (Tb, Dy) 475 37%Phosphors (Y, Tb, Dy) 400 31%

Ceramics 50 4%

Other 40 3%

Total US$1335M 100%

Sm Ce La Gd Y Pr Nd Dy Tb Eu Ho Er Tm Yb Lu

4.25$ 6$ 7.9$ 10.1$ 22$ 33$ 34.5$ 220$ 505$ 520$ N/A N/A N/A N/A N/A

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•Another mineral regarded by some as a potential source of zirconium is eudialyte, but vlasovite is an even more important source of zirconium than eudialyte in the Kipawa deposit.

•With current resources of 208,100,000 kg indicated ZrO2 and 182,200,000 kg inferred ZrO2 with a ZrO2cut-off grade of 0.50%, the Kipawa deposit currently represents a potential supply of ZrO2 or zirconia.

• The Kipawa deposit would leave less of an environmental footprint than the exploitation of heavymineral sands in Australia and South Africa from zircon, where most zirconium comes from.

Prices of Various Zirconium Compounds (April-July 2010) in US$*Fused zirconia –

Monoclinic – Ceramic pigment grade

Fused zirconia – Monoclinic –

Structural Ceramic/electronic grade

Fused zirconia –Stabilized –

Refractory grade

Fused zirconia –Monoclinic –

Technicalceramic grade

Fused zirconia –Stabilized –Technical

ceramic grade

Un-wrought Zirconium

Nuclear-Grade zirconium sponge

Nuclear-Grade zirconium alloy

3.40-4.20 4.00-5.30 5.10-5.70 15.90-21.00 50.00-100.00 58.00 20.00-30.00 60.00-80.00

* Source: Industrial Magazine, July 2010 & ** UxC, June 2010 (All prices are in $/kg)

•The main potential market for Matamec is that of zirconia with global consumption of about 40,000 tpy (more specifically, the advanced ceramic and the electronics market is growing rapidly).

• Another potential market for Matamec would be as input in the transformation of zirconium metal with world consumption of 7000 tpy, of which 85% is intended to produce nuclear energy and the rest mainly for alloys.


17

2010 Preliminary Project Schedule

Area Description Activities

Kipawa Deposit

Exploration/Geology Trenching/Channel-Sampling (In progress)Surface Drilling (Summer)Geological Modeling (Spring-Fall)NI43-101 Resources Calc (Completed)Metallurgical Tests (In progress)

Studies Preliminary Economic Assessment (Fall)Other Zones and

Showings Exploration/Geology Prospecting (In progress)

Trenching/Channel-Samp. (Spring-Fall)Surface Drilling (Fall)

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.3,500m of new DDH on the Kipawa Deposit (NQ caliber)

1 000m of new trenches 1,500m of DDH on the outskirts

The drilling holes completed strongly suggest that there is a very good spatial continuity in the Kipawadeposit, both in terms of different lithologies and enriched mineralization in rare earths-yttrium.

The deposit is presently considered open both laterally and at depth.

Follow-up drilling in this area will start this spring;

In eight of nine sections examined within the Central Zone, the down-dip drill holes are

better mineralized than those up-dip, strongly suggesting potential to encounter still better mineralization down dip from the currently defined deposit. Only one section

hosts the opposite tendency.


19


20

Location of Matamec’s Ni-Cu Properties Surrounding the Renzy Shear Belt

and Lac Gale big Mag anomaly targeted


21

La Pointe sector:

Zone 25DDH-EX-10 assayed 2.95 g/t

Au over 43.0 metres

Zone 26DDH-EX-19 assayed 9.22 g/t

Au over 12.55 metres

North to the La Pointe Sector- 5 gold showings:

KalmiaJ.R.9.643Island

THE END, THANK YOU FOR YOUR ATTENTION!

TSX-V: MAT

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