Based on the information provided, Matamec appears to be less developed than some of its peers in the heavy rare earth space like Avalon and Quest, but it has a large land position, defined resource at its Kipawa deposit, and appears to have a lower market capitalization compared to others at its stage of development. The summary provides an overview of Matamec's key rare earth asset, plans for advancement, and competitive positioning relative to other companies exploring for heavy rare earth deposits.

1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Developing the Zeus property in Quebec
André Gauthier – CEO, Matamec Exploration
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011
www.ObjectiveCapitalConferences.com

2. Kipawa Heavy Rare Earths Deposit
A Compact, High Quality and Low Cost Mine for
2014
An Investment Opportunity
March, 2011
TSX-V: MAT

3. Disclaimer
The information contained herein has been prepared to assist interested parties in making their
own assessment of Matamec Explorations Inc. (the “Company”) and does not purport to contain
all of the information that an interested party may desire. In all cases, interested parties should
conduct their own investigation and analysis of the Company, its assets, financial condition and
prospects, and of the data set forth in this presentation. The Company does not assume any
responsibility for independent verification of any of the information set forth herein, including any
financial forecasts or statements about the prospects of the Company contained herein. The
Company does not make any representation or warranty as to the accuracy or completeness of
this presentation or the information contained in, or for any omissions from, this presentation or
any other written or oral communications transmitted to the recipient in the course of its
assessment of the Company. By the receipt of this presentation, the recipient acknowledges that
only those particular representations and warranties, if any, which may be made to a party in a
definitive written agreement regarding a transaction involving the Company if, as and when
executed, and subject to such limitations and restrictions as may be specified therein,
will have any legal effect.
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4. Future Producer of “Strategic Metals”
•Future producer of “Strategic Metals”
•Small environmental footprint on the
Zeus property.
•Matamec evaluating options for its gold assets,
particularly its Matheson JV property, along
strike of the Goldcorp’s high grade gold Hoyle
Pond mine in the Timmins Gold Camp.
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5. REE Market: Matamec’s Niche – Heavy Rare Earths
Amount of REE per Application TREO forecast production
2010f: 125,000
Metric Ton Kilograms Grams 2015f: 185,000
30%
25%
20% 2010f
2015f
15%
10%
5%
0%
Magnets (Tb, Dy) Metal Alloys Phosphors (Y, Tb, Dy) Glass (Er) Polishing Ceramics Other
Source: Dudley J. Kingsnorth, IMCOA, November 2010
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6. Production Curve: TREO
tonnes
IMCOA Kaiser Hykawy
220000
200000
180000
160000
140000
120000
100000
2010 2014
•60,000t of new capacity will be required to meet global demand in 2015

7. A Strategic Committee For Rare Earths
Advises Matamec’s Board Of Directors
A PhD geologist, worked on the
Has worked as a consultant for Matamec on
identification of eudialyte and other rare
Anthony Mariano earth-bearing minerals at the Kipawa
the mineralogy of the Kipawa Complex since
2007.
Alkalic Complex
Has worked on the Kipawa deposit from
A MSc geologist with more than thirty 1985 to 1990. Since 2007, has advised
Alex Knox four years of field experience in Matamec on the exploration for rare-earths.
exploration He will be supervising the upcoming
exploration program.
A chemical engineer with over thirty five
years of experience in the metallurgical
Since 2008, he has worked as a consultant
and management ends of the mining
Les Heymann industry. Has over eighteen years of
to Matamec. Is currently directing
Matamec’s metallurgical testing program.
experience of the production of rare
earths
A mining engineer with more than thirty- Since 2008, he has advised Matamec
Raynald Vézina five years of experience in the mining regarding the development of the Kipawa
industry. deposit.
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8. Zeus Property & HREE Kipawa Deposit - Location
The First Criteria for Industrial Mineral Deposits is
Location Near Infrastructure
•In Quebec, a premier mine
jurisdiction
•Near all weather roads
•Near railway
•Near mining towns with services
•Near electrical power grid
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9. Kipawa Deposit
Geology and Exploration Potential
Resource Calculations
Metallurgy
Timeline Going to Production in 2014
Budget
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10. Zeus Property – Geology and Exploration Potential
Kipawa Alkalic
Complex
Kipawa Deposit + Other Zones and Showings + Untested targets over
25 km strike on the property along the Kipawa Alkalic Complex
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11. Kipawa Heavy Rare Earths Deposit: Surface Expression
Logging Road 300 m of the West part of
the Deposit
Kipawa Deposit
Deposit continuous over a distance of 1.45 kilometres
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12. Resource Calculation: Showing Growth Potential
Winter 2011 - Infill Drilling
Program Completed Feb.
Spacing 50 X 50m
New Resource Estimate
Coming this Spring
Deposit Open Laterally
and at Depth
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13. Kipawa Deposit Schematic Cross-Section
TREO Enriched Zones
SW NE
70% 20%
10%
37%
HREE/TREE
Zirconium Zone (with TREO)
Heavy Rare Earth Enriched Zones: Cut-off of Dy2O3 0.016% 4,920,000
Indicated tonnes + 4,260,000 Inferred tonnes (January 20, 2011, NI43-101)
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14. Indicated and Inferred NI 43-101 Resources:
at a Cut-off of Dy2O3 @ 0.016%
20
Kipawa Deposit
K tons
Advantage
15
10
5
0
La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y
$0
Price in Millions
$200
$400
$600
$800
Inferred Value
$1,000
Indicated Value
$1,200
Gross
value
in situ
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$0 $1,000,000,000 $2,000,000,000 $3,000,000,000 $4,000,000,000 $5,000,000,000 $6,000,000,000
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15. Kipawa Deposit: Ore Processing
Recovery of 89.2% of TREO to be found in eudialyte concentrate
= less volume to leach
= low cost
Because medium grained, well-crystallized and not intergrown
Unique in the world: simple mineralogy
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16. Ore
Crushing
Kipawa Deposit
Rare Earth
Ore Processing
Grinding
Physical
Concentration The physical characteristics
of the Kipawa ore allow for
Heat Acid
low-cost chemical
Cracking extraction, which gives it a
competitive edge against
Water
current rare earth producers
Leaching (January 20,2011)
Solid / Liquid Solid Tailings Test results: recovery
Separation
81% Liquor Stabilization
TREO
Purification/
Precipitation
Raffinate or
Solvent Extraction Barren Liquor
Products Products
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17. IM Exposure – Sept. 2009
Rare Earth Elements (REE)-Yttrium-Zirconium Kipawa Deposit is
the subject of a one page article in the Exposure section of the
Industrial Minerals magazine September 2009.
“… exploitation of the Kipawa deposit faces two challenges:
-the first one is “to increase the Ree-Y gross tonnage contents of 42,000
tonnes to 100,000 tonnes to be interesting for an end-user,” …
-the second one is to work on solving the liquid/solid separation step, ie
silica gel forming during the dissolution of the Ree in the ore. …”
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18. Project Timeline
Development 2009 2010 2011 2012 2013 2014
Activity
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Explora Zeus
tion
Kipawa
Resource Update
Metallurgical
Tests
PEA
Prefeasibility
Feasibility
Business Plan
Permitting
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19. Kipawa REE-Y-Zr Deposit: 3 Year Plan - Budget
Cost and Schedule of Future Work
2011 2012 2013
1- Geology $1.970M $3.630M $1.500M
2- Engineering Studies including Mining
- PEA
$0.300M
- Pre-Feasibility
$1.100M
- Feasibility
$3.850M
3- Mineral Processing and Metallurgy
- Specific Testwork
$1.000M
- Continuous Testwork $2.500M
- Pilot Plant - Construction $3.750M
$0.400M $0.600M $0.600M
4- Environment and Permitting
$0.150M $0.500M $0.850M
5- Relation with the Community
Incl. in the
6- Market Study - -
Eng. Studies
Total: $3.820M $8.330M $10.550M $22.700M
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20. 2011 – Exploration Program & Budget
Properties Program Budget6 100
M$ %
Strategic/Critical/Green/Energy Metals
Zeus -Kipawa Deposit Drilling Program/PEA Study 3.820M 63%
-PB-PS Zone – Surprise/TH/Falaise Drilling Program/Trenching $
(REE-Y-Zr-Nb)
Showings
-Other untested targets – large Mag-EM-Radiometric /Soil
coverage of the KAC Sampling Surveys/Trenching
Tansim -Tanco Model Mag-Radiometric Ground Survey 0.380M 6%
-Rare metals in simple and Prospecting/Mapping/ Trenching $
(Li-Ta-Nb-Cs)
complex pegmatites Drilling Program
Vulcain - World Class untested target Mag-EM-Radiometric survey 0.4M$ 7%
identified by WMC in 2005
(Ni-Cu-Co-PGM-Au)
Gold
Matheson JV - NE of the Goldcorp High Grade Drilling Program 0.6M$ 10%
Hoyle Pond Mine
- Basal till anomalies unexplained
Wachigabau/Lespérance - Geophysical Gold Anomlies Mag Survey 0.6M$ 10%
- Known gold showings Drilling Program
Sakami - Zone 25 as compared with Geochemical Study 0.1M$ 2%
Goldcorp’s Eloneore Deposit Compilation
Valmont - Gold and massive sulphide Prospecting/Mapping/Tenching 0.1M$ 2%
anomalies
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21. Markets: Rare Earth Supply Chain
Scrap/
Ore Mixture Oxide Metal Alloy Magnet Product Recycling
China
•China produces 97%:
•Sichuan Mianning Canada/UK •GM
Mining Co •GWMG Japan •Ford
•Jiangxi Copper China •Aichi Steel •Toyota
•Baotou Steel Rare Earth •CAS Key Laboratory Corp •Nissan
•Sichuan Hanxin Mining of Rare Earth USA •Hyundai
Japan Chemistry and •Allstar •Mitsubishi
•Japan Industrial CoJapan Physics •Quadrant •Apple
Oil, Gas and Metals •Neo Materials •Adams •LG
National Corp Japan •Bunting •Samsung
Australia •Santoku, •Etc.
•Lynas – exp. 2011 •Shin Etsu
USA
•Molycorp – exp. 2012
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22. Summary
– One of the few known HREO resources in the world with well understood
and simple low cost processing solution
– Mining friendly location with low cost electricity
Low Cost
– Excellent access to infrastructure and mining services
– Open pit , low cost mining
– Addresses worsening shortage of REE and HREE supply
High Value – Highly favourable exploration potential (chance of finding more)
– Fits demand
Timely – Advanced discussions with end-users
Undervalued Compared with its Peers
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23. Capitalization and Cash Position
Current Market Price (Mar. 4th, 2011) $ 0.485
Price Range – 52 Weeks $0.11 to $0.70
15-Day VWAP $0.489
30-Day VWAP $0.493
Average daily volume – last 6 months 592,000
Insider Ownership 1.7%
Known Institutional Ownership 25%
Market Capitalization $56M
Common Shares Outstanding 116M
Stock Options (Average exercise price: $0.22) 7M
Warrants (Average exercise price: $0.41) 15M
Common Shares Fully Diluted 138 M
Cash Position $7M
Cash Position Fully Diluted $14.85M
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24. Is Matamec in your REE stock portfolio?
Share
Heavy Capital
Last Development stage Value Market
REE Company REE Out-
Completed ($) Capital
Deposits standing
(Mar. 4)
Lake Pre-Feasibility
Avalon (T: AVL) 93.338M 7.12 664M$
Zone (July 2010)
Quest (V: QRM) B Zone PEA Study (Sept 2010) 58.358M 5.80 338M$
Resource Calculation:
Matamec (V:MAT) Kipawa Indicated and Inferred 116.465M 0.485 56M$
(January 20, 2011)
Norra Resource Calculation:
Tasman (V: TSM) 56.636M 5.00 283M$
Karr Inferred (Nov. 30, 2010)
Bokan-
UCORE (V: UCU) Dotson - 142.902M 1.10 157M$
Ridge
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25. THE END, THANK YOU FOR YOUR
ATTENTION!
QUESTIONS?
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26. Appendix
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27. Management and Board of Directors
PRESIDENT & CEO André Gauthier
(2003) More than 25 years experience in the mining industry
Brought in 5 properties to Matamec in 2003, including the HREE Kipawa deposit
V-P EXPLORATION Aline Leclerc
(2003) 1976-2011 Geologist-consultant
SECRETARY TREASURER Laval St-Gelais
(2005) 1980-2011 Chartered accountant
DIRECTOR Marcel Bergeron
(2009) 1981-1983 CMA
1981-1983 Chartered accountant
2007-2011 Director - Strateco Resources Inc (TSX-RSC)
INDEPENDENT DIRECTOR Normand Tamaro
(2009) 1982-2011 Lawyer – LL.D (specialized in intellectual property law)
INDEPENDENT DIRECTOR Sylvie Prud’homme
(2010) 1979-2011 Geologist
2005-2011 Director of Investor Relations – Osisko Mining Corporation (TSX-OSK)
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28. A Strategic Committee: Advises Matamec’s Board Of Directors
President and Chief Executive Officer of Osisko Since 2011, has advised Matamec regarding it’s
Sean Roosen since March 2006. corporate strategy
Mr. Wares was President and Chief Executive
Officer of Osisko from August 1998 to March
Since 2011, has advised Matamec regarding the
Robert Wares 2006 and has been Executive Vice-President and
development of the Kipawa deposit
Chief Operating Officer of the Corporation since
March 2006.
A chemical engineer with over thirty five years of
experience in the metallurgical and management Since 2008, has worked as a consultant to
Les Heymann ends of the mining industry. Has over eighteen Matamec. Is currently directing Matamec’s
years of experience in the production of rare metallurgical testing program.
earths
A mining engineer with more than thirty-five Since 2008, has advised Matamec regarding the
Raynald Vézina years of experience in the mining industry. development of the Kipawa deposit.
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29. Recent Rare Earth Market Development
Chinese policy changes continue to dominate the landscape
• Government rare earth pricing mechanism introduced and industry consolidation being pursued
• Clampdown on illegal mining and stricter environmental controls now in force
• Further significant reductions in export quotas announced 28 December 2010 (-35% H1 vs. H1 2010)
• Significant increase in REO prices in last 6 months, with strong price growth forecast to continue through
2015 and beyond
US government to re-establish domestic REE supply chain
• Rare Earth and Critical Revitalization Act passed by House of Representatives in Oct 2010.
High level discussions between Washington and China regarding security of rare earth supply
continuing
China confirms only 15-20 years of HREO and MREO reserves (Oct 2010)
Plans by countries including China, Japan and more recently US, to stockpile rare earths widely
reported
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30. Media: Recommendations and Articles
Judith Chegwidden and Dudley Kingsnorth, at the Metal-Events Conference in
Hong Kong, 9-11 Nov. 2010
─ Identified five heavy rare earths projects in the world: Dubbo, Nechalacho, Strange Lake, Bokan-Dotson Ridge
and Kipawa.
Matt Gowing, Mackie Research Capital Corporation, Alternative Energy – Rare Earth Industry
Update (Feb. 2011)
- Recommended plays- Focus on Heavy Rare Earths
Mr. Yasushi Watanabe (National Institute of Advanced Industrial Science and
Technology) highlighted, at this same conference
– That the Japanese government and private sectors are looking for sources of rare earths outside of China,
particularly heavy rare earths deposits.
“These sources must be timely, compact and inexpensive projects.”
John Kaiser, John Kaiser Bottom Fishing (Oct. 26th, 2010)
─ Recommends buying Matamec shares
Because they offer the potential for 500% (or higher) gains in medium
to long term time frames.
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31. Zeus Property – Surprise Showing: One of many potential areas
Matamec identifies: Surprise, best channelled interval:
2 large rare earths and niobium soil 2m @ 5.3% TREO
anomalies in the Surprise showing area (66% of HeavyREO+Y2O3/TREO),
3.6% ZrO2 and 3.9% Nb2O5.
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32. KIPAWA DEPOSIT GROSS VALUE UNRECOVERED IN THE GROUND
Zone TREO ENRICHED ZONES (Cut-off of Dy2O3 ˃0.016%) – February 10, 2011
Tonnage 4,920,000** 4,260,000**
Value in Situ
Classification Indicated t** Value in Situ (USD) Inferred t**
(USD)
Lanthanum (61$/kg*) La 4,200 256,200,000 3,600 219,600,000
Cerium (66$/kg*) Ce 8,700 574,200,000 7,600 501,600,000
Praseodymium (102$/kg*) Pr 1100 112,200,000 900 91,800,000
Neodymium (103$/kg*) Nd 4,000 412,000,000 3,500 360,500,000
Samarium (60$/kg*) Sm 900 54,000,000 800 48,000,000
Europium (620$/kg*) Eu 100 62,000,000 100 62,000,000
Gadolinium (67$/kg*) Gd 900 60,300,000 800 53,600,000
Terbium (620$/kg*) Tb 200 124,000,000 200 124,000,000
Dysprosium (360$/kg*) Dy 1100 396,000,000 1,000 360,000,000
Holmium (44$/kg*) Ho 200 8,800,000 200 8,800,000
Erbium (58$/kg*) Er 800 46,400,000 700 40,600,000
Thulium (N/A) Tm 100 100
Ytterbium (N/A) Yb 700 600
Lutetium (288$/kg*) Lu 100 28,800,000 100 28,800,000
Yttrium (75$/kg*) Y 6,700 502,500,000 6,400 480,000,000
Zirconium (4$/kg*) Zr 43,400 173,600,000 43,000 172,000,000
2,811,000,000 2,551,300,000
*Prices from Metal-Pages , Industrial Minerals and Asian Metals, February 10, 2011. REE oxides 99% min FOB China, Y oxide 99.999% min FOB China and Zr structrural
ceramic/electronic grade. 1 CNY = 0.151711 USD.
**Source: SGS Geostat (November 29th, 2010).
LREO: Light rare earths in oxides = La2O3 to Nd2O3. MREO: Medium rare earths in oxides = Sm2O3 to Gd2O3. HREO: Heavy rare earths in oxides = Tb2O3 to Lu2O3.
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33. Sustainable Development
- Clean-tech and ‘new age’ applications
- Small environmental footprint
- Implication of the local communities from the beginning
- Preferential hiring policy for locals
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