MCM.A Matachewan Consolidated Mines Limited

Matachewan Consolidated Mines, Limited ("MCM") (TSX VENTURE:MCM.A) announces the
sale effective May 12, 2011, to Northgate Minerals Corporation ("Northgate")
(TSX:NGX)(NYSE Amex:NXG) of its former producing gold property located in the
Matachewan Gold Camp, 50 miles southeast of Timmins, Ontario. The property
consists of 24 mining leases in Powell and Cairo townships, Larder Lake Mining
Division, Ontario, which prior to the sale had been optioned to Northgate as the
company builds the Young-Davidson gold mine.


Terms of the sale include cash of $216,500, retention of the royalty of ore
mined and processed from the property, and Northgate assuming liability for a
note payable on the property of $383,434.


The base royalty is $1.00 U.S. per ton of ore mined and processed from the
property. An additional royalty will be paid when the price of gold exceeds $270
U.S. per ounce. This will amount to 5% of the increase per ounce recovered above
the base rate of $270 U.S. per ounce. The royalty relates to the current
reserves of approximately 600,000 tonnes on the 24 Powell and Cairo mining
leases, subject to this agreement.


These tonnes form part of an open pit containing 6.2 million tonnes of ore and
will be mined once Young-Davidson commences production in 2012. In addition,
underground exploration activity within these mining leases will commence
shortly as Northgate explores outside of its current reserve envelope.


Northgate is currently building the Young-Davidson mine, which is scheduled to
commence production in late Q1 2012. Young-Davidson is forecasting an initial
15-year mine-life and is projecting average annual production of 180,000 ounces
of gold at a cash cost of $400 per ounce.


Matachewan is a Canadian publicly-traded junior resource company that has oil
and gas investments in Western Canada. Matachewan's common shares are traded on
the TSX Venture Exchange under the trading symbol MCM.A


Northgate is a gold and copper producer with mining operations, development
projects and exploration properties in Canada and Australia. Our vision is to be
the leading intermediate gold producer by identifying, acquiring, developing and
operating profitable, long-life mining properties.


Certain statements contained in this press release constitute "forward looking
statements". These statements are based on current expectations of management,
however are subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from the forward-looking
statements in this news release. Readers are cautioned not to place undue
reliance on these statements. The Company does not undertake any obligation to
revise or update any forward-looking statements as a result of new information,
future events or otherwise after the date hereof, except as required by
securities laws.


Shares Outstanding: 12,445,025

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