MetalCORP Announces New CFO Appointment and Shareholder Meeting Results

TORONTO, ONTARIO, Jun 26 (MARKET WIRE) --
MetalCORP Limited (TSX VENTURE: MTC) is pleased to announce the
appointment of a new, highly-qualified member to its management team.
Beginning immediately, Michael C. Thompson, FCCA will assume the role of
Vice President Finance and Chief Financial Officer. The appointment is
subject to TSX Venture Exchange acceptance.

Mr. Thompson has over 30 years of Senior Financial and Operations
management experience and has worked in the mining industry for the past
9 years, most recently as Senior Controller and Manager of Administration
for North American Palladium Ltd (including V.P. Administration for their
Lac des Isles mine). Mr. Thompson is a Fellow of The Association of
Chartered Certified Accountants, UK.

As part of his compensation, Mr. Thompson was granted options to purchase
60,000 common shares of MetalCORP at an exercise price of $0.15 per
share, one-half of which vest immediately and the remaining half will
vest after 6 months; the options have a maximum term of 5 years, subject
to earlier termination 30 days after ceasing to be an officer of
MetalCORP.

"The Board of Directors of MetalCORP is both pleased and honoured to have
Mr. Thompson join the management team of MetalCORP and bring with him
such vast experience in the resource sector", commented Donald Sheldon,
President and CEO.

"MetalCORP's Board of Directors and management are also pleased to report
on the turn-out and support for the Board and management at the recent
shareholder meeting," continued Mr. Sheldon. "Shareholders holding
23,165,421 shares representing more than 47% of MetalCORP's outstanding
shares, attended in person or by proxy to re-elect the directors and
re-appoint auditors. Although a relatively small percentage of votes were
withheld on the voting, no votes were cast against either decision. We
would like to thank our shareholders for this overwhelming show of
support and endorsement of the decisions that the Board of Directors has
been implementing."

MetalCORP is a mineral exploration company based in Thunder Bay, Ontario
with base metal and gold projects in the Canadian Shield of Northern
Ontario, Canada, one of the most prolific mineral districts in the world.
The projects, with an area of more than 65,000 acres, include the Big
Lake copper-zinc-silver-gold property, the North Rock
copper-nickel-platinum property, the new Python nickel-copper-zinc
property and the new Fearless zinc-copper-gold property, all of which are
under active exploration. MetalCORP's four gold projects, with a claim
area of more than 20,000 acres, include the Dorset Joint Venture, Pickle
Lake, Black Bear and Keezhik Lake properties.

MetalCORP has 49,106,636 common shares outstanding and approximately
$1,700,000 in cash and no long-term debt. To find out more about
MetalCORP visit its website at www.metalcorp.ca.

Contacts:
MetalCORP Limited
Donald A. Sheldon
President and CEO
416-595-0147
dsheldon@sheldonhuxtable.com

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