Matador Mining Limited provided an update on exploration drill results received for the Company's 100% owned Cape Ray Gold Project located in Newfoundland, Canada. The Cape Ray Gold Project comprises 120 kilometres of continuous strike in the proven, yet under-explored multi-million ounce Cape Ray Shear gold corridor. Matador is the large continuous land holder along this highly prospective shear zone. Mineral Resource infill drilling at Isle aux Morts (IAM) continues to deliver wide intervals with exceptional gold grades, including 18m @ 10.96 g/t Au in CRD162 and 19 m @ 4.6 g/t Au as part of a broader intercept of 29.5 metres @ 3.06 g/t Au in CRD161. These results support the broad spaced historical Mineral Resource drill hole intercepts, and significantly improve the resource potential on the smaller scale, providing the Company with new insight into possible structurally controlled higher- grade shoots that require further investigation. Assays are pending for an additional six infill holes.