MTC MetalCorp Limited

MetalCorp Limited ("MetalCorp" or the "Company") (TSX VENTURE:MTC) is pleased to
announce that the Company will be commencing a drilling campaign at the Gouda
Lake Zone, part of MetalCorp's 100%-owned Hemlo East property, on October 4,
2010. To this end, MetalCorp has engaged Full Force Diamond Drilling Ltd. as its
contractor (www.diamondcoredrilling.com).


The work is aimed at a previously identified near-surface gold-silver
mineralized zone which was the basis for an in-house resource estimate
calculated by Lac Minerals Ltd. in the early 1990's (that resource estimate
pre-dated NI 43-101 and, accordingly, is non-compliant with the requirements of
NI 43-101; it therefore cannot be relied upon). MetalCorp, in keeping with
recent changes in its corporate strategy to include development efforts, has
completed an internal review of the Gouda Lake Zone which suggests that it may
be viable to mine.


"The geophysics survey completed on site was very encouraging, and MetalCorp is
looking forward to commencing this drill campaign to move this project forward.
Once we see the results of this campaign we can start planning the next phase of
this project", says Chris Dougherty, P.Eng., President 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.


Except for statements of historical fact contained herein, information in this
press release may constitute "forward-looking information" within the meaning of
Canadian securities law. Other than statements of historical fact, all
statements are "Forward-Looking Statements" that involve such various known and
unknown risks, uncertainties and other factors. There can be no assurance that
such statements will prove accurate. Results and future events could differ
materially from those anticipated in such statements. Readers of this news
release are cautioned not to place undue reliance on these "Forward-Looking
Statements". Except as otherwise required by applicable securities statutes or
regulation, the Company expressly disclaims any intention or obligation to
update publicly any forward-looking information, whether as a result of new
information, future events or otherwise. Historical results mentioned in this
press release are not 43-101 compliant and should not be relied upon.

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