MTC MetalCorp Limited

MetalCorp Limited ("MetalCorp" or the "Company") (TSX VENTURE:MTC) is pleased to
announce that the Company is moving ahead toward development of its 100% owned
Big Lake copper-zinc-precious metal deposit.


The Big Lake deposit - more particularly, the BL 14 zone - was first identified
in 2006 through a series of diamond drill hole intercepts, including hole 24
which assayed 7.5% copper (Cu), 2.2% zinc (Zn), 138.0 g/t silver (Ag) and 9.2
g/t gold (Au) over 4.0 metres. Drill hole 23, located approximately 200m
northeast of hole 24 also intersected the BL14 Zone yielding assays of 3.7% Cu,
2.2% Zn, 81.0 g/t Ag and 1.5 g/t Au over 3.1 metres.


In late 2010, MetalCorp engaged P&E Mining Consultants Inc. ("P&E") of Brampton,
Ontario, to complete a block model/mineralization estimate for internal purposes
only. This was further updated in April 2011. Based on these models, MetalCorp
completed an internal review of the project, and firmly believes that this
project has the potential to be developed as a small producing mine which could
net significant revenue for the Company.


In order to verify the internal work, MetalCorp plans to engage P&E to upgrade
the mineralization estimate to NI 43-101 compliance. This will provide the basis
of a Preliminary Economic Assessment to be completed by a third party consultant
who will review the project concept and assess its economic viability. This work
will take place through the summer of 2011.


Concurrently, MetalCorp will begin field work and consultations necessary to
allow the project to move forward in an efficient manner.


"This project has the potential to be a milestone for our Company. If it proves
to be economically viable as our internal reviews indicate, the Company could
generate a significant revenue stream, allowing us to fund our exploration
efforts for many years to come, and provide us with the financial wherewithal to
seek out and acquire other advanced projects that are ready for development,"
says Chris Dougherty, 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 laws. Other than statements of historical fact, all
statements that involve various known and unknown risks, uncertainties and other
factors are "forward-looking statements". 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 NI 43-101 compliant and should not be relied upon.

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