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MetalCORP Ltd.

10:50 AM EST - MetalCORP Ltd. : announced that its option agreement with Kennecott Canada Exploration Inc. has been terminated and the NorthRock/Cousineau Property returned to MetalCORP. MetalCORP reports that Kennecott has advised that it has been processing samples taken during its summer exploration program at the GUP Project, located on the NorthRock/Cousineau Property and, based on results to date, has concluded that the diamond potential is very low. Accordingly, Kennecott decided to terminate its program and its option. MetalCORP Ltd. shares V.MTC are trading unchanged at $0.18.