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Raytec Metals Corp.: Raytec Metals Corp. Wins Support of RiskMetrics Group

^{Published on 2009-06-22 11:48:31, Last Modified on 2009-06-22 11:49:36 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2009) - Raytec Metals Corp. (the "Company" or "Raytec") (TSX VENTURE:RAY) announced today RiskMetrics Group (formerly ISS Governance Services), North America's leading proxy advisory firm, recommends that its clients support Raytec's proposed slate of directors as well the Company's recommendation for the appointment of BDO Dunwoody LLP as the Company's independent auditors. RiskMetrics Group is North America's leading proxy advisory firm whose recommendations are relied upon by hundreds of major institutional investment firms, mutual funds and other fiduciaries.

The Annual General Meeting of shareholders is scheduled for Tuesday, June 30, 2009 at 10:00 am (Vancouver time) at 1500 - 1040 West Georgia Street, Vancouver, British Columbia. Raytec urges all shareholders to vote their BLUE form of proxy for all proposed resolutions, including the election of Raytec's proposed slate of directors for the board. Voting is a very quick and easy process. To be effective, your BLUE proxy must be received before and no later than 10:00 a.m. (Vancouver time) on Friday, June 26, 2009, using any one of the methods described on the BLUE form of proxy. Due to the limited time available, it is recommended that shareholders vote by Internet, telephone or fax.

Shareholders with any questions or requiring assistance in completing their BLUE form of proxy are asked to contact Raytec's proxy solicitation agent, Kingsdale Shareholder Services at 1-888-518-6828 or by e-mail at [ contactus@kingsdaleshareholder.com ]. Shareholders outside North America and banks and brokers should call collect at 416-867-2272. Your vote is extremely important.

Additionally, information regarding Raytec's annual meeting, the proxy circular and other information can be found on its website at [ www.raytecmetals.com ].

About Raytec:

Raytec Metals Corp. is a well-financed, Canadian exploration company with a recently signed Farm-In letter of intent with Africa Oil Corp. and a recently signed letter of intent with Angus Ventures Corp. and Encanto Potash Corp. Raytec currently holds over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company holds approximately a 20 per cent interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with an iron ore project in Ontario, and a uranium joint venture project in the Athabasca Basin of Saskatchewan.

To find out more about Raytec Metals Corp., please visit the company website at [ www.raytecmetals.com ] or review the documents filed on [ www.sedar.com ].

On behalf of the Board,

RAYTEC METALS CORP.

Brian Thurston, President and CEO

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploration activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the Offering (including the anticipated closing date) and future exploration plans and expenditures. Although, the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions, including among others, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals for the transactions described herein, the ability of the Company and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for the Company's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected on the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.