Drilling Planned on Raytec's Athabasca Uranium Projects

VANCOUVER, BC, Jul 22 (MARKET WIRE) --
Raytec Metals Corp. (the "Company") (TSX-V: RAY) is pleased to provide an
update on exploration work being carried out by its joint venture
partner, Triex Minerals Corporation ("Triex"), on the Company's Riverlake
and Highrock uranium projects in the prolific Athabasca Basin of
Saskatchewan.

Riverlake and Highrock Uranium Projects - Triex Minerals JV

As of April 2008, Triex has completed data collection and interpretation
from 211 line kilometres of ground EM surveys on the Riverlake and
Highrock uranium projects. A 2,500-metre diamond drill program is
scheduled to begin in late August to early September to test
high-priority, near-surface targets. Northwest Drilling has been
contracted to carry out the work program.

Triex plans to explore secondary targets by commencing grid-based soil
geochemistry surveys in early August. The surveys will cover conductors
defined on both airborne and ground EM surveys.

Raytec entered into a joint venture agreement with Triex Minerals in
November 2007 granting Triex the right to earn an initial 51% interest in
the River Lake project (three claims, 16,556 hectares) and HighRock
project (four claims; 15,206 hectares) through cash payments and issuance
of stock to Raytec and incurring a total of $1.2 million in staged
exploration expenditures on or before November 24, 2008.

Staked in 2004, the properties are located on either side of the Key Lake
mine road. The Riverlake property covers a large, circular magnetic low
feature with similarities to the Pasfield Lake magnetic anomaly that Triex
is also exploring. An Athabasca Group sandstone outlier is mapped
immediately to the east of the magnetic low feature. A V-TEM survey flown
in 2007 identified electromagnetic conductors on both the east and west
margins of the magnetic low feature. The Highrock property covers an
Archean basement antiform with flanking conductors, and is located only
eight kilometres southeast of the Key Lake deposit situated along the
northern margin of the adjacent Archean basement antiform.

States Brian Thurston, President of Raytec: "While Raytec is focused on
its potash projects, we remain a diversified company with highly
prospective projects in uranium and iron ore. Work will be active on all
our projects contributing to consistent news flow and potential increased
value for our shareholders from several fronts. The company continues to
believe that the mid to long-term fundamentals for uranium remain strong
and we are pleased with the progress that is being made."

About Raytec:

Raytec Metals Corp. is a dynamic Canadian exploration company focused on
the development of nearly 300,000 acres of potash claims located in
Saskatchewan, Canada. The company also holds 17 uranium mineral claims
totalling 123,945 hectares near the Key Lake mine and the Millenium
deposit. Seven of the 17 mineral claims are joint ventured with Triex
Minerals Corporation ("Triex Minerals," "Triex") and the remaining 10 are
joint ventured with Solitaire Minerals Corp. ("Solitaire Minerals"). In
addition, Raytec holds three iron ore projects in Ontario. Active work
programs are planned for all projects in the fall of 2008.

On behalf of the Board,

RAYTEC METALS CORP.

"Brian Thurston," President

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this press release, other than purely historical information, including
statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the
risks and uncertainties inherent in resource exploration and development.
As a result, actual results may vary materially from those described in
the forward-looking statements.

The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any State in which such offer, solicitation
or sale would be unlawful.

Contact:
Raytec Metals Corp.
Brian Thurston
Email: bthurston@raytecmetals.com
Phone: 604-669-9330

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