Zinc

[Lone Clone]

Metco Acquires 50% of the B6-20 McIvor Property: Matagami Mining Camp
Tuesday May 22, 4:16 pm ET

http://biz.yahoo.com/ccn/070522/200705220392268001.html?.v=1

MONTREAL, QUEBEC--(CCNMatthews - May 22, 2007) - Metco Resources Inc. ("Metco") (TSX VENTURE:MKO - News) is pleased to announce that SOQUEM Inc. ("SOQUEM") has confirmed the exercise of the B6-20 option and Metco's acquisition of an undivided 50% interest in the mining claims of the B6-20 property, as the Company has fulfilled its obligations under the option. Metco has consequently increased its position in the western flank of the Matagami mining camp, as the B6-20 property comprises 54 claims covering 2,221 hectares contiguous to the southeastern portion of the Caber block, already owned 50-50 by Metco and SOQUEM.

The Caber block surrounds the Caber and Caber North deposits, which are wholly-owned by Metco. The Company is presently conducting a prefeasibility study on future production from these deposits. Resources for the Caber and Caber North deposits are currently estimated at:

 
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 Deposit         Tonnes     Resources      Zn      Cu          Ag         Au 
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 Caber          515,000     Indicated   11.00%   0.56%  11.10 g/t   0.14 g/t 
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                285,000      Inferred    8.50%   0.80%  11.60 g/t   0.14 g/t 
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 Caber North  2,610,000      Inferred    4.26%   1.59%  21.06 g/t          - 
 --------------------------------------------------------------------------- 
 

Effective January 1, 2006, the option agreement provided for Metco to acquire a 50% interest in the B6-20 McIvor property by funding a minimum of $50,000 in exploration in 2006, with SOQUEM as operator, and additional work for a cumulative amount $450,000 by March 31, 2008. The B6-20 McIvor block is subject to a 1.5% NSR payable to BHP Billiton Canada Inc.

Metco is also seeking regulatory approval for the issuance of 1,314,933 common shares at $0.1209 per share to settle a $158,975.34 debt payable to the Solidarity Fund QFL pursuant to a debenture dated April 27, 2004 that matured on April 29, 2007.

About SOQUEM

SOQUEM Inc. is a wholly-owned subsidiary of Societe generale de financement du Quebec ("SGF"). SGF is an industrial and financial holding company whose mission is to carry out industrial economic development projects in collaboration with partners and in accordance with the Quebec government's policy of economic development.

About Metco

Metco's mission is to search for, acquire, explore and develop mining properties with a high potential for base metals throughout Canada. Its properties are located in the well-known Matagami, Lebel-sur-Quevillon, Rouyn-Noranda, Chibougamau and Gaspe mining camps. Two of its projects, Caber (100% Metco) and Orphee (50% Metco, 50% Breakwater), are presently at the prefeasibility stage. For more information, please consult the Company's website at www.metco.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Florent Gauthier, P.Eng., is the qualified person which has reviewed the content of this news release.


Contact:

Florent Gauthier
Metco Resources Inc.
President
514-875-6279
[e-mail]
www.metco.ca.

Francois Kalos
SOLAK Communications
President
450-993-0828
[e-mail]

Source: Metco Resources inc.