Objective Capital's Rare Earths, Speciality & Strategic Metals Investment Summit 2012 Ironmongers' Hall, City of London 13-14 March 2012 Speaker: Caroline Wilson, Matamec

1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Zeus: home of the heavies
Caroline Wilson – Director
Business Relations, Matamec
IRONMONGERS’ HALL, CITY OF LONDON TUESDAY-WEDNESDAY 13-14 MARCH 2012
www.ObjectiveCapitalConferences.com

2. The Kipawa HREE-Y-Zr Deposit
March, 2012

3. Cautionary Statement Concerning Forward-Looking Statements
This document contains “forward-looking information” including without limitation statements relating to mineral reserve estimates, mineral resource
estimates, realization or mineral reserve and resource estimates, capital and operating costs estimates, the timing and amount of future production, costs
of production, success of mining operations, the ranking of the project in terms of cash cost and production, permitting, economic return estimates, potential
upsides, and the future price and supply and demand for rare earths. Readers should not place undue reliance on forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-
looking statements. The preliminary economic assessment study results are estimates only, are preliminary in nature and are based on a number of
assumptions, any of which, if incorrect could materially change the projected outcome. Until a positive feasibility study has been completed, and even with
the completion of a positive feasibility study, there are no assurances that Kipawa will be placed into production. Factors that could affect the outcome
include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general
business, economic, competitive, political and social uncertainties; future prices; alternative rare earth sources or substitutes; actual rare earth recovery;
conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the
mining industry, political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion or
development or construction activities.
Although the corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially for those described
in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this presentation and the Corporation disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
NI 43-101 Compliance
The technical information pertaining to the Kipawa HREE Project in this presentation is based on the news release entitled “Matamec PEA Study Shows
Robust Economics for the Kipawa HREE Project” published on January 30th, 2012 that describes the results of the Kipawa HREE Project Preliminary
Economic Assessment (“PEA”) study and was prepared in accordance with Canadian regulatory requirements by, or under the supervision of Guy Saucier,
ing. of Roche Ltd.
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4. Market Summary (TSXV:MAT)
0.7 6.0
COMPANY STATISTICS
Current share price $0.31
52 week range $0.20 to $0.70 0.6
5.0
Basic shares 120 million
Fully diluted shares 138 million 0.5
4.0
Market capitalization $37 million
Price ($CAD per share)
Entreprise value $33 million 0.4
Volume (MM)
Cash & cash equivalents $4 million 3.0
0.3
CAPITAL STRUCTURE
2.0
Issue and outstanding 120 million
0.2
Warrants 11 million
Weighted average exercise price $0.41 1.0
0.1
Options 7 million
Weighted average exercise price $0.22
1 0.0 0.0
Weighted average exercise price 3/3/2011 4/3/2011 5/3/2011 6/3/2011 7/3/2011 8/3/2011 9/3/2011 10/3/2011 11/3/2011 12/3/2011 1/3/2012 2/3/2012 3/3/2012
Shareholder Base Research Coverage
Institutional ownership 30% Byron Capital Markets Dr. Jon Hykawy
Insider ownership 2% Cormark Securities Edward Otto
Pinetree Capital, Mineralfields ~20% Jacob Securities Luisa Moreno
Source: Capital IQ, Bloomberg and company.
Data as of March 5, 2012.
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5. Properties: Main Focus - Kipawa Deposit
• Located in the Témiscamingue region of Quebec, some 160 km south of Rouyn-Noranda and
50 km east of the town of Témiscaming
• Accessed by a nearby network of logging roads, railway, electric grid and airport
• Use of Hydro-Quebec’s power grid at the mine site instead of diesel power
• High capacity of rail freight service by CN-CP-OVR-ON
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6. REE: 5 Critical Elements for 4 Clean Energy Technologies
La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y
HV electric motor &
generator
・Neodymium
・Praseodymium
・ Terbium
・ Dysprosium
Source: U.S. Department of Energy, “Critical Materials Strategy”, Dec. 2011.
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7. Rare Earths are Not Commodities!
The Needs of the End User must be Met
•They are customer-specific chemicals, produced to precise
chemical and physical specifications.
•The customer needs are continually evolving.
•It requires the suppliers to become an integral link in the supply
chain.
Source: Dudley Kingsnorth (IMCOA), March 2010.
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8. Developing a Rare Earth Project
Must develop 3 aspects simultaneously:
•Drill off a NI43-101 resource
•Define mineralogy and extraction process
•Find an end user
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9. Company Overview
• Focused on developing the Kipawa deposit, 100% owned
property located in Quebec - One of the top 5 HREE assets outside of China
• Signed an MoU with a high profile end-user, Toyota Tsusho
Corp. (“TTC”), as a strategic partner
– TTC will provide an off-take agreement for 100% of production at market prices and CAPEX
financing
• Experienced management team and directors
• Fast tracking to production
– Mining lease application and environmental permitting to be filed by Q1 2012
– Hydrometallurgical pilot plants to be completed by Q2 2012
– Feasibility study by Q1 2013
– Environment and permitting by Q2 2014
– First production as early as Q2 2016 (Able to accelerate production by mid 2015 with help of
TTC)
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10. Strong project
economics Before tax NPV8% of $606 million (36.9% IRR)
Robust Average annual production of 5,072 tonnes of mixed
production TREO concentrate with at least 200 tonnes of
profile dysprosium
Low projected
cash costs $16.97/kg mixed TREO concentrate
Simple Straightforward mineralogy, ideal deposit geometry,
metallurgy simple processing flow-sheet, most infrastructure in
place
Upside Significant upside potential from several by-products
potential and deposit expansion drilling
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11. Kipawa HREE Project: Location and Infrastructure
Rouyn-Noranda
Val d’Or
Mining services are found in Sudbury, Rouyn-
Noranda and Val d’Or
Témiscaming Kipawa
Sudbury Deposit
North Bay
Montréal
Ottawa
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12. Mineral Resource
TREO Enriched Zones
SW NE
Schematic Cross-
Section with TREO
enriched envelopes
Mining – open pit,
Zirconium Zone
low strip ratio, small op
2011 discovery
Deposit Open Laterally
and at Depth
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13. Resource Update
• Indicated resources represent 79.8% of the total resource
• Mineral concentrate grade of 1.11% TREO; overall REE recovery of 81%
• Heavy rare earth oxides and yttrium combine for an average of 36% TREOs totaling 22,940 tonnes of indicated and 6,300
tonnes of inferred HREO + Y2O3
Grade (%) Tonnes
Cut-off Grade Category Tonnage 1 2 3
ZrO2 Y2O3 HREO TREO (H+Y) /TREO HREO Dy2O3 Y2O3 Tb2O3 Eu2O3 Nd2O3
Indicated 17,645,000 0.909 0.097 0.060 0.435 36% 1,58,700 2,823 17,116 423 300 10,234
0.2% TREO
Inferred 6,805,000 0.866 0.080 0.051 0.371 35% 347,055 885 5,444 136 95 3,403
Indicated 12,472,000 0.913 0.114 0.070 0.512 36% 873,040 2,245 14,218 349 249 8,481
0.3% TREO
Inferred 3,842,000 0.912 0.101 0.063 0.463 35% 242,046 653 3,880 100 69 2,420
1
Sum of all heavy rare earths in oxides (terbium to lutetium)
2
Sum of all rare earths in oxides plus yttrium in oxide; TREO = LREO + HREO + Y 2O3
3
HREO plus Y2O3
In-Pit Mineral Resources* Tonnes Grade (%)
Indicated (79.8% of the deposit) 15,161,000 0.434
Inferred (20.2% of the deposit) 3,843,000 0.403 Open pit design
at Kipawa HREE
Total 19,004,000 0.428 Project mine site
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14. Kipawa Deposit: Simple Mineralogy
-Main bearing-REE mineral is Eudialyte, contains 70% of TREO of the deposit
-Simple mineralogy: medium grained, well-crystallized and not intergrown
- can eliminate 65% of ore through magnetic concentration with 90%
recoveries
= less ore to heat and leach = less cost
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15. Low Cost Ore Processing with Simple Mineralogy
3 steps for low-cost chemical extraction for a competitive edge vs. current producers
Step 1 Step 2 Step 3
Mineral Concentrate
Ore from Open Pit (0.42%) (1.11%)
Mixed TREO Concentrate
Regrind
Crushing
Heat: Room temp.
Acid: 150 kg/t Rare Earth Separation
Leaching Time: 2 hours
+ Water
Grinding
Solid/Liquid Separation Solid Tailings
Stabilization Individual REE Oxide
Physical Concentration
Liquor
Purification/Precipitation
Mineral Concentrate
Mixed TREO
Concentrate
90 % of TREO in 35% of 88% of TREO 79% of TREO Recovered in
Original Mass Recovered in Recovered in Step 2 Steps 1& 2 to the liquor
Step 1 Up to Purification / Precipitation stage
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16. 16

17. PEA Highlights (January 30, 2012)
CAPEX OPEX
CAPEX Items Initial Cost OPEX Items Annual Cost Per kg of
(million CAD) Cost Mixed TREO
(Million $/y) concentrate
Kipawa site 100.778 ($/kg)
Temiscaming site 85.999 General & 8.841 1.682
Administration
Other Infrastructure 10.730
Mining(including 16.619 3.161
Total Direct Cost 197.507 Mine Manpower)
Total Indirect Cost 55.103 Total Process 58.350 11.099
Contingency (25%) 63.153 Tailings 0.240 0.046
Transportation 5.160 0.982
Total 315.763 Total 89.210 16.970
•Kipawa deposit: Mining and mineral pre-concentration Plant
•Temiscaming: Hydrometallurical processing Plant
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18. Financial Analysis - Assumptions
Economic Assumptions Technical Assumptions
REOs Price deck Item Unit Base Case Value
Market Prices (US $/ Kg)
Total Ore Mined M tonnes 19.0
Ce2O3 5
Processing Rate Tonnes / year 1,500,000
La2O3 10
Nd2O3 75 Life of Mine years 12.9
Pr2O3 75 Average Combined %
81.0
Sm2O3 9 Process Recovery
Average Mining Cost ($ / tonne mined) 4.67
Eu2O3 500
Average Processing Cost ($ / tonne milled) 38.90
Gd2O3 30
Tb2O3 1 500 Average General & ($ / tonne milled)
5.90
Administration Costs
Dy2O3 750
Concentrate Transport ($ / tonne concentrate)
Ho2O3 65 8.00
between Process Plants
Er2O3 40 Mixed TREO Transport to ($ / tonne concentrate)
183.00
Asia
Lu2O3 320 Refining Charges $ /Kg
18.34
Y2 O 3 20
Exchange
1.00
Rate(CAD $/US $)
Discount Rate
8.0
(%)
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19. Financial Analysis 0.02
Er Tm
0.00
Lu Ce
Yb 0.02 0.02
0.00
La
0.02 Revenue
Base Case Y
Ho 0.07 Pr
(million CAD) Nd
0.05
Total At-mine
Revenue
2,822.1
0.01 0.16
Sm
5 Critical
Pre-production
Capital 315.8
0.00 Elements
Expenditures
Sustaining Capital
Eu (DOE)
38.3 Dy 0.03
Expenditures Tb
Initial Working 0.44 Gd
0.14
Capital 9.9 0.01
Requirement
Mine Reclamation
Costs
7.5
Lu
Production
Total Operating 0.003
Cost
1,142.5 Y
Total Before-tax 0.223 Ce
Cash Flow
1,679.6 Tm Yb 0.291
Before-tax NPV @ 0.004 0.023
8%
606
Before-tax NPV @ Er
811 Dy 0.025 Ho
5%
Before-tax NPV @ 0.036 0.008 La
500
10% Tb 0.148
Before-tax IRR (%) 36.9 0.006 Nd
Before-tax Payback
Gd Eu 0.132
Period (years)
2.4 0.030 0.004 Sm Pr
0.030 0.038
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20. Management and Technical Team
Board of Directors 6 members
Officers
President and CEO Andre Gauthier (2003)
VP Exploration Aline Leclerc (2003)
VP Project development and construction Bertho Caron (2012)
Director of metallurgy Paul Blatter (2012)
Director of environment Hiring in progress
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21. Kipawa Deposit – Main Project Tasks Schedule
2011 2012 2013 2014 2015 2016
PEA 43-101
Feasibility Study
Environment &
Permitting
EPCM &
Construction
Mining Pre-Prod.
And Tailing
Facilities Const.
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22. A Strategic Partner: Toyota Tsusho Corp.
Source: TTC-Annual Report 2011
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23. MoU with Toyota Tsusho Corp. (December 7, 2011)
• Signed a MoU with Toyota Tsusho Corp. (“TTC”), a trading company of Toyota Motor
Group, in order to secure a HREE supply for the production and marketing of hybrid and electric vehicles
– Mutual collaboration to accelerate the development of the Kipawa Deposit
– Technical assistance will be provided in association with TTC’s chain of suppliers
• MoU is divided into three stages with a final decision at the end of the first two stages
Stage 1) Due diligence period which may extend to the end of March 2012
• Evaluation of PEA/ preparing joint venture and off-take agreements
Stage 2) If TTC decides to pursue further, TTC will reimburse Matamec $1.5 million for its historical metallurgical
expenditures
• Negotiate/receive internal approval for the joint venture, off-take agreement and other agreements
Stage 3) A definitive joint venture agreement would then be established for the Kipawa Deposit between TTC (49%)
and Matamec (51%) with an off-take agreement
• Contribution from TTC based on up to 49% of Matamec’s market capitalization for the 90-day period
ending on November 30, 2011 (~CAD$17.23 million)
• Off-take agreement for 100% of the mixed rare earths concentrate to be sold at a price equal to 70% of
the fair market value of the processed form of such elements
• Expected definitive joint venture between TTC and Matamec (TTC: 49%/
Matamec: 51%) which covers 1,000 hectares on and around the Kipawa Deposit.
Source: Capital IQ.
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24. MOU - Matamec Gets:
Mutual collaboration to accelerate the development of the
Kipawa Deposit
• Feasibility study paid for
• Access to TTC balance sheet (financing arranged for
capex)
• Technical expertise from TTC supply chain (huge
intangible value in terms of cost and time)
• Accelerated development program (enables “first to
market” with HREE)
• A buyer for 100% of the production
• A mine not a story!
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25. Zeus (HREE-Y-Zr) Property Upside Potential
TTC may negotiate in good faith to
participate in the exploration and
development of all other REE
prospects found on the Zeus Property
Showing potential outside of
Kipawa
• Surprise REE-Nb-Ta (16 samples)
– Average of 3.2% TREO at 27%
HREO+Y2O3
• Certitude REE-Y-Nb-Ta (13 samples)
– 5.2% TREO at 36% HREO+Y2O3
Spring 2012
Follow-up ground exploration to define potential drill targets in the area
Ground traverses, mechanical trenching, line cutting, ground geophysics
and geochemical surveys
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26. REE Deposit Comparables
Price Projections for Key 45% $2,400
$1,000
REOs
40% $2,100
$900
35%
$1,800
Market Capitalization (US$ Million)
$800
30%
$700 $1,500
HREO/TREO%
$600 25%
$1,200
First year of $500 20%
expected
production by $900
$400
Matamec 15%
$300 $600
10%
$200
5% $300
$100
0% $0
$0
2016E 2017E 2018E 2019E 2020E
HREE (Eu, Tb, Dy, Y*)
LREE (La, Ce, Pr, Nd)
Source: Capital IQ, Technology Metals Research LLC and company filings.
1 Byron Capital Markets Research Department.
* The economic assumption for Y2O3 is based on the cash flow model used in the PEA.
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27. HREE Company Comparables
Deposit Company Mine TREO HREO/ OPEX/kg Required Pre-Tax NPV IRR Full
Type (Project) Type* In-situ TREO TREO CAPEX ($ MM) (%) CAPEX
Grade (%) ($) ($ MM) Financing
(%) Partner
Frontier Rare Earth OP 3.2% 7.8% $13.1 910 $4,340 57.6% KORES
(Zankopsdrift) at 11% (PEA)
Great Western UG 17% 7.8% N/A N/A N/A N/A
Minerals
(Steenkampskraal)
LREE
Rare Element OP 3.75% 3.3% $4.6 446 $1,300 44.9%
Resources at 10% (PFS)
(Bear Lodge)
Avalon Rare Metals UG 1.35% 15.5% $5.5 1,200 $1,770 39.0%
(Nechalacho) at 10% (PFS)
Matamec OP 0.42% 36.9% $16.9 315 $606 36.9% Toyota
Explorations at 8% (PEA)
(Kipawa)
HREE
Quest Rare Minerals OP 1.3% 43.2% $16.0 560 $1,826 36.4%
(Strange Lake) at 10% (PEA)
Ucore Rare Metals UG 0.75% 39% N/A N/A N/A N/A
(Bokan Mountain)
Source: Technology Metals Research LLC and company filings.
* OP = Open-pit; UG = Underground
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28. 1010 Sherbrooke West, Suite 200
Montreal, Quebec
Canada H3A 2R7
Tel (514) 844 5252
Fax (514) 844 0550
Email info@matamec.com
Website www.matamec.com
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