January 31, 2013

 

METALCORP MOBILIZES DRILLING PROGRAM AT PICKLE LAKE

THUNDER BAY, ONTARIO, CANADA (January 31, 2013) - MetalCorp Limited ("Metalcorp") (TSXV - MTC) is pleased to announce that it has mobilized a diamond drill program at its Pickle Lake Property in northwestern Ontario.  The exploration program is designed to test high-priority targets based on previous geophysical surveys on the Property, including Induced Polarization, MMI and Electro-Magnetics.  The program has been designed to include 4 holes totaling approximately 800 - 1,000 metres in both the Connell and Tarp Lake zones at MetalCorp's Pickle Lake Property.

MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.

For further information, please contact: Chris Dougherty, P.Eng., President
Phone: (807) 683-1731, or via email:  info(at)metalcorp(dot)ca.

Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws.  Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements".  There can be no assurance that such statements will prove accurate.  Results and future events could differ materially from those anticiapted in such statements.  Readers of this news release are cautioned not to place undue reliance on these "forward-looking staements".  Except as otherwise required by applicable securities statutes or regulation, MetalCorp expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy, accuracy or contents of this news release.