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Raytec Evaluates Its Potash Claims in Saskatchewan

Tuesday February 5, 5:29 am ET

http://biz.yahoo.com/iw/080205/0357395.html

VANCOUVER, BC--(MARKET WIRE)--Feb 5, 2008 -- Raytec Metals Corp. (the "Company") (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) is pleased to announce preliminary data from its ongoing evaluation of historic drill information on its Exploration Permit Application Area KP441 ("KP441"), located in Saskatchewan.

KP441 covers an area of approximately 88,320 acres within the extensive Middle Devonian Prairie Evaporite formation of south-central Saskatchewan, in an area of both highly prospective properties and producing mines. An Isopack thickness map of the Patience Lake member evaporite shows thicknesses under KP441 equal to those at mines in close proximity to the property. These include Potash Corporation of Saskatchewan's Cory (located approximately 25 km to the south) and Patience Lake (located 33km to the southeast) mines, and Agrium Products Inc.'s ("Agrium") Vanscoy potash and salt mine (located approximately 34 km south of KP441).

Information derived from Agrium's website explains that mining operations at Vanscoy are currently at 1075 meters below surface with active headings along four different faces of the ore body. The stratum currently being mined is 3.3 meters thick.

Two phases of exploratory drilling have been conducted on the KP441 permit area in the past. In 1946, Sohio Exploration Ltd. drilled three stratigraphic exploratory wells in the north and central parts of the area. Results are unknown. This historic drill hole information has been requested from the Saskatchewan Ministry of Energy and Resources, and it is expected that the Company will be in possession of the data within the next week.

In 1969, Canadian Exploration Ltd. drilled six potash exploration holes within a ten kilometer square area near the southern extent of KP441. Two of these holes are within the KP441 area, and four are located on adjacent claims currently held by a joint venture between BHP Billiton Diamonds Inc. and Prairie Potash Corp. (Anglo Minerals Ltd.). The two drill holes that were drilled on KP441 ground are located approximately 3.3 kilometres apart and intersected several significant potash-rich horizons. Historic analyses from the most significant intersections in these two holes are presented below.

Historic Drill Hole 16-6-39-7W3:

From 928.3m to 931.36m (3.06m interval) -- 28.77% K(2)O, 50.77% NaCl, 0.28% MgCl(2) 4H(2)O, 2.96% insoluble.

From 940.58m to 947.07m (6.49m interval) -- 12.24% K(2)O, 43.37% NaCl, 0.29% MgCl(2) 4H(2)O, 4.05% insoluble.

Historic Drill Hole 16-18-39-7W3:

From 920.37m to 927.02m (6.64m interval) -- 14.49%K(2)O, 50.73% NaCl, 0.45% MgCl(2) 4H(2)O, 6.41% insoluble.

(Note: Potash (K(2)O) grades were calculated by applying a 0.6318 conversion factor to the historically reported sylvite (KCl) values. MgCl(2) 4H(2)O is the mineral carnallite. NaCl is common salt.)

This information was not collected under the current NI43-101 policy. It is important to note that these assays, being historic in nature, cannot be verified by the Company, do not comply with modern reporting standards (NI 43-101), and therefore should not be relied upon. This information is reported for historical purposes only.

Currently there is no NI43-101 report on this property, nor are there proven, indicated or inferred resources. Readers are cautioned that the presence of the potash-rich horizons in historic drill holes does not guarantee the presence of economic quantities of potash.

Raytec president, Brian Thurston states, "We are very pleased with the information obtained about the property to date, and will continue with the process of collecting and reviewing all available data from and around the KP441 area. Our goal is to use this existing data to evaluate the property and expedite exploration activities which will include a current 43-101 report for the property. Near future work programs include a seismic survey(s) followed by a drilling campaign once we receive our exploration permit."

Gordon Allen, P.Geo, is the qualified person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.

On behalf of the Board,

RAYTEC METALS CORP.



Per:
Brian Thurston, President

Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 43-101 report on the Key Lake properties. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

Contact:
Contact:
RAYTEC METALS CORP.
Suite 1130 - 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel: [phone]
Fax: [phone]

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Source: Raytec Development Corp.