May 6, 2014 – Toronto, Ontario – Matica Resources Inc. (GRF) (“Matica” or the “Company”) is pleased to announce that the Company has signed an agreement with Galaxy Graphite (TSX.V;GXY) to acquire an additional land position in Buckingham Quebec. With this new additional graphite property, Matica will have a total land package of 44 claims in the Buckingham area.
Galaxy Graphite reported that the graphite property in Buckingham comprises two former producing mines, located just east of Buckingham, QC. They are located in the highly prospective Central Metasedimentary Belt of the Grenville geological province, host to many active graphite projects. The host rocks for both deposits are graphitic crystalline marbles, similar to the host stratigraphy at Timcal’s Lac des Iles graphite mine, currently Canada’s only producing graphite mine.
The Company has signed an option agreement with Galaxy Graphite (TSX.V;GXY) to acquire 100 per cent interest in graphite claims located east of Ottawa/Gatineau near Matica’s existing property. This additional new property is comprised of 22 mining claims totaling 1324 hectares. To exercise the option and earn 100 per cent interest in the Property the company must deliver 300,000 shares of Company common stock.
ABOUT MATICA GRAPHITE
Matica is a junior exploration company with projects in Buckingham Quebec. Buckingham is a historic graphite producing area which has been the scene of renewed exploration activity. The Company has also signed an LOI for, and is reviewing, a graphite property in Nevada. Matica trades on the CSE under the symbol GRF. For more information on Matica Graphite visit the website at Maticagraphite.com.
On behalf of the board of Directors
MATICA RESOURCES INC.
CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
The CSE has not reviewed, approved or disapproved the content of this press release.