Metals Creek Resources Corp. Announces Private Placement for Gross Proceeds of up to $1.3 Million

Toronto, Ontario CANADA, February 20, 2009 /FSC/ - Metals Creek Resources Corp.  (MEK - TSX Venture), (the "Corporation") is pleased to announce an offering by private placement of up to 6 million non flow-through units at a price of $0.10 per unit and up to 5 million flow-through units at a price of $0.14 per unit, for aggregate gross proceeds up to $1.3 million.

Each non-flow through unit issued in the private placement will consist of one common share and one common share purchase warrant, each warrant entitling the holder to acquire one common share at an exercise price of $0.15 for a period of 18 months following the issuance date.  

Each flow-through unit issued in the private placement will consist of one common share and one half of one common share purchase warrant, each whole warrant entitling the holder to acquire one common share at an exercise price of $0.20 for a period of 18 months following the issuance date.

Arm's length third parties assisting in the private placement will be entitled to cash commission equal to 8% of gross proceeds raised and broker warrants equal to 10% of placed securities (each broker warrant entitling the holder to acquire one common share of the Corporation for $0.10 for a period of 18 months following the issuance date of the units).  

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". The Corporation is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:
Alexander (Sandy) Stares, President and CEO
telephone: (709)-256-6060
fax: (709)-256-6061
email: astares@metalscreek.com



Source: Metals Creek Resources Corp. (MEK - TSX-V)
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