
MetalCORP Limited
TSX VENTURE:	MTC

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December 30, 2008
MetalCORP Limited Announces Completion of $350,000 Non-Brokered Private Placement
THUNDER BAY, ONTARIO--(Marketwire - Dec. 30, 2008) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES. MetalCORP Limited (TSX VENTURE:MTC)("MetalCORP") is pleased to announce the completion of the previously announced non-brokered private placement of 2,800,000 flow-through common shares at a price of $0.125 per flow-through common share (the "Offering"), for aggregate gross proceeds of $350,000. All securities issued pursuant to this private placement are subject to a four (4) month hold period expiring May 1, 2009. Completion of the private placement was subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange. The gross proceeds to MetalCORP from the Offering will be used to fund exploration expenses eligible for Canadian Exploration Expense in connection with MetalCORP's projects in Ontario including its Pickle Lake, Keezhik Lake, Fearless and Python properties. This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The flow-through common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

MetalCORP Limited
Mr. Aubrey Eveleigh, P.Geo
COO & VP Exploration
(807) 346-2760
Website: www.metalcorp.ca

INDUSTRY: Manufacturing and Production - Mining and Metals

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Metalcorp Limited.

	EXPLORATEUR
	CODE : MTC.V
	ISIN : CA5911451071

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Metalcorp est une société d’exploration minière d'argent et d'or basée au Canada.

Metalcorp détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BLACK BEAR (RED LAKE), PICKLE LAKE PROPERTY, CROOKS TOWNSHIP, NORTH ELBOW LAKE- METALCORP et RED LAKE PROPERTIES (BLACK BEAR) au Canada.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.

Metalcorp Limited.

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Metalcorp Limited.