THUNDER BAY, ONTARIO, CANADA (October 08, 2013) – MetalCorp Limited (“MetalCorp” or the “Company“) (TSXV – MTC) announces that it has received notice from Cava Resources Inc. (“Cava“) that Cava has terminated its option to earn a 50% interest in that part of the Hemlo East Property which is East of the White River.

“We were reluctant to grant an option on this property last year but we were pleased that Cava would fund additional exploration work and were confident that Cava would have been a good joint venture partner. However, we are very pleased that MetalCorp again has a 100% interest in this property, unencumbered by any royalties or option interests,” said Donald A. Sheldon, President and Chief Executive Officer of MetalCorp.

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: Donald A. Sheldon, Chief Executive Officer. Phone: (416) 595-0147, or via email: da(dot)sheldon(at)metalcorp(dot)ca.

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.

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October 8, 2013

METALCORP ANNOUNCES TERMINATION OF CAVA OPTION ON HEMLO EAST

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