MetalCORP Reports Encouraging Results of Drilling on the Tarp Lake Zone, Pickle Lake Gold Property, Northwestern Ontario

MetalCORP Limited (TSX VENTURE:MTC) is pleased to announce the results of its
drilling program at the Tarp Lake Zone on the northern part of its 100%-owned
Pickle Lake property. A total of seven drill holes were completed for a total of
2264 metres of drilling, and all holes intersected broad zones of highly
anomalous precious and/or base metals (see Table 1 below). Mineralization occurs
mainly as disseminations of pyrite and stringers of pyrrhotite, but local
semi-massive to massive pyrite also occurs locally. The sulphides are typically
hosted by well foliated chlorite-carbonate-(sericite) altered and locally
silicified mafic and local felsic metavolcanic rocks.




Table 1 - Select drill results -Tarp Lake Zone, north Pickle Lake Property

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Hole No.         Grade   Width (m)   Depth (m)
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PL09-31    1.12 g/t Au      17.25       108.5
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           0.36 g/t Au       11.9       195.5
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PL09-32   0.409 g/t Au       6.55        52.5
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            633 ppm Cu       22.5       222.5
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PL09-33   0.222 g/t Au      17.95         254
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          0.139 g/t Au       8.65         232
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PL09-34        0.2% Zn         13         109
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           2.26 g/t Ag         13         109
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PL09-35   0.391 g/t Au        8.5       126.5
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          10.53 g/t Ag        1.5       298.9
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PL09-36   0.759 g/t Au        3.5       111.4
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            619 ppm Cu       18.3       160.7
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PL09-37     6.7 g/t Ag        8.4         160
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Sulphide content generally increases southerly in the holes drilled in this
program, and this heavier sulphide mineralization is typically
pyrrhotite-dominant and more base metals- and silver-rich, as opposed to
pyrite-dominated disseminated styles that are more gold-rich in the north.


In previous work at the Tarp Lake Zone in the mid-1990s by Inmet, values of up
to 7.2 g/t Au over 4.6 metres and 1.4 g/t Au over 36 metres were returned. The
present program followed-up and extended the zones intersected by Inmet, which
mainly targeted Induced Polarization (IP) geophysical anomalies. 


"Our findings suggest that a mineralizing system of significant extent exists on
the property and its full extent remains to be tested," commented Charlie Greig,
VP Exploration. "Our geologists are encouraged by the width of the intersections
and the overall size of the mineralizing and accompanying alteration system."
Geophysical surveys are planned for early 2010, and diamond drilling may be
undertaken if the results of the survey results are encouraging.


In addition, other parts of the property show good potential for shear zone
hosted vein gold deposits, and perhaps at depth for iron formation-hosted gold
deposits similar to those mined at the nearby Pickle-Crow deposit. The Tarp Lake
area of MetalCORP's Pickle Lake property is located beside an all-weather road,
approximately 15 km north of the past-producing Pickle Crow Mine near Pickle
Lake, Ontario.


MetalCORP's geological team worked in cooperation with the Mishkeegogamang First
Nation on the diamond drilling program and the Company looks forward to
continuing its relationship in the future. 


Charles Greig, P. Geo., 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. Assay results are from core samples sent to ALS-Chemex
Laboratories, an accredited mineral analysis laboratory, for preparation and
analysis.


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. The projects, with a
total area of more than 85,000 acres, include the Hemlo East property, the Big
Lake copper-zinc-silver-gold property, the North Rock copper-nickel-platinum
property, and the Dorset, Pickle Lake, Black Bear and Keezhik Lake gold
properties.


MetalCORP has 56,349,471 common shares outstanding and approximately $2,000,000
in cash and no long-term debt. To find out more about MetalCORP visit its
website at www.metalcorp.ca. 


Except for statements of historical fact contained herein, the 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 press
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 intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise. While historical results mentioned in this press
release are not 43-101 compliant and should not be relied upon, they have been
filed in government offices with assessment reports.