Zinc

[Lone Clone]

Metco Adds a Minimum of 4,000 m of Drilling on Orphee at Lebel-sur-Quevillon
Tue Jul 3, 7:00 AM

http://ca.news.finance.yahoo.com/s/03072007/28/link-finance-news-metco-adds-minimum-4-000-m-drilling...

MONTREAL, CANADA--(CCNMatthews - July 3, 2007) - Metco Resources Inc. ("Metco") (TSX VENTURE: MKO.V) is pleased to announce a second phase of drilling for a minimum of 4,000 m of additional drilling on the lower periphery and at proximity to the western side of the deposit. This work shall commence at the beginning of July. The Orphee deposit located in the Lebel-sur-Quevillon mining camp is held in a 50:50 joint venture with Breakwater Resources Ltd ("Breakwater").

The ongoing prefeasibility studies being prepared are due in the near future, namely in July for the Caber-Caber North study and in August for the Orphee study.

Metco also wishes to announce that it has increased by 5,000,000 the number of shares reserved for issuance within its stock purchase option plan (the "Plan"). The amount of shares that can be issued under the Plan now totals 10,000,000. This increase is subject to the approval of the TSX Venture Exchange (the "Exchange").

Metco further announces the granting on June 22nd, 2007 of 200,000 stock purchase options of Metco to a director of Metco at the exercise price of $0.10 per share for a period of two years ending on June 22nd, 2009. These options replace the same amount of options that were granted to the same person, which have expired on June 20th.

About Metco

Metco's corporate strategy is to search for, acquire, explore and develop mining properties with strong base metal potential 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 who has reviewed the content of this news release.

Contacts

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

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