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Raytec Acquires New Potash Claims

Monday February 11, 3:05 am ET

http://biz.yahoo.com/iw/080211/0359655.html

VANCOUVER, BC--(MARKET WIRE)--Feb 11, 2008 -- Raytec Metals Corp. (the "Company") (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) is pleased to announce that, subject to regulatory approval, it has signed an agreement to purchase a 100% interest in Exploration Permit Application Area ("EPAA") KP452, located in Saskatchewan.

EPAA KP452 covers an area of approximately 92,160 acres in south-central Saskatchewan. The newly acquired EPAA is in the south-eastern portion of the evaporite formation, located approximately 380 kilometres southeast of the Company's EPAA KP441. The new EPAA lies approximately 42 kilometres southwest of the Mosaic Company - Compass Mineral Group's K-1 and K-2 Potash-Salt Mines, and 53 kilometres west of Potash Corporation of Saskatchewan's Rocanville Potash-Salt Mine.

The Company now has a total of 290,880 acres of prospective potash ground under permit application within the extensive Middle Devonian Prairie Evaporite formation of south-central Saskatchewan.

Saskatchewan Ministry of Energy and Resources data indicates that EPAA KP452 is underlain by both the Belle Plain and the Esterhazy potash members. Exploratory drilling has been conducted on the newly acquired ground in the past. This historic information will be reported once the Company has reviewed all pertinent data.

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 Belle Plain and the Esterhazy potash members does not guarantee the presence of economic quantities of potash.

Terms of the acquisition with the arms-length vendor are as follows:

1) On acceptance by the TSX Venture Exchange - $150,000 cash, 275,000 common shares of the Company and 275,000 share purchase warrants which may be converted to common shares of the Company for a period of 12 months following TSX Venture Exchange approval at a price of $1.00 per share;

2) Six months after receiving acceptance by the TSX Venture Exchange - $150,000 cash, 250,000 common shares of the Company and 250,000 purchase warrants which may be converted to common shares of the Company for a period of 18 months following TSX Venture Exchange approval at a price of $1.00 per share;

3) After issuance of the final Exploration Permit from the Saskatchewan Ministry of Energy and Resources - 250,000 common shares of the Company.

A finders fee will be payable on this acquisition in accordance with TSX Venture Exchange policy.

On behalf of the Board,
RAYTEC METALS CORP.

Per:
Brian Thurston, President

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

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.

Contact:
RAYTEC METALS CORP.
Suite 1130 - 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel: [phone]
Fax: [phone]
Trading Symbol: TSX-V: RAY US: RAYTF

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Source: Raytec Development Corp.