MetalCORP Completes Geophysical and Geochemical Surveys on Pickle and Red Lake Properties

MetalCorp Limited ("MetalCorp" or the "Company") (TSX VENTURE:MTC) has completed
a review of the results of its combined geophysical and geochemical surveys on
the Connell and North Tarp sections of its 100% owned Pickle Lake property,
which lies immediately north of Pickle Lake, Ontario, and on its Black Bear
Property, near Red Lake, Ontario. The Company has initiated follow-up surveys in
both areas. 


At Pickle Lake, geochemical work (Mobile Metal Ion (MMI)) sampling on the
Connell and North Tarp grids, which lie near opposite ends of MetalCorp's
extensive property package, highlighted a number of large-scale multi-element
geochemical anomalies. A number of these coincide with chargeability and
magnetometer highs outlined in Induced Polarization (IP) and Magnetometer (Mag)
work completed by MetalCorp on the same grids this past fall. In order to fully
outline and better define several of the anomalies, MetalCorp is extending the
North Tarp grid by a further 30 to 40 line-kilometers. Further geophysical
surveying (IP and Mag) will be completed on the new grid lines prior to drilling
this winter.


In the Red Lake area, combined MMI, IP, and Mag surveys on MetalCorp's Black
Bear Property, which lies astride the well-mineralized East Bay Deformation
Zone, in an area between the "Gaz Zone" of Goldcorp and Premier Gold, and the
Sidace Lake play of Goldcorp and Planet Exploration, have yielded a number of
coincident multi-element geochemical and geophysical anomalies. At Black Bear,
the anomalies highlight at least three areas of potential precious and/or base
metals mineralization. MetalCorp has already completed the fieldwork on a higher
definition (25m x 25m grid) follow-up MMI survey on the highest priority
anomalies, and is now awaiting receipt of the interpretive report. Once
received, the results will be compiled with the results of the geophysical
surveys, so that the Company can plan its next steps in exploration, which will
include diamond drill-testing.


"The work committed to by MetalCorp on these properties is beginning to yield
positive results. We now have a very strong basis on which to expand that work,
and move toward confident drill testing of both properties" stated Chris
Dougherty, President of MetalCorp.


"We are looking forward to continuing our work on the Pickle and Red Lake
properties, and have begun planning for the drill campaigns." concluded
Dougherty.


MetalCorp's exploration programs are carried out under the supervision of
Charles Greig, P. Geo., who is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning of
National Instrument 43-101.


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.