MEK Closes First Tranche of Private Placement

Toronto, August 3, 2010. Metals Creek Resources Corp. (“Metals Creek” or the “Corporation”, TSXV: MEK) is pleased to announce that it has closed the first tranche of its private placement previously announced on July 6, 2010. The Corporation issued 3,285,800 flow through common shares (“FT Shares”) at a price of $0.14 per FT Share and 2,000,000 units (“Units”) at a price of $0.12 per Unit for aggregate gross proceeds of to $700,012 (the “Offering”). Each Unit is comprised of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one common share of the Corporation at a price of $0.25 for a period of 24 months following the closing of the Offering, subject to accelerated exercise in the event the price of the Corporation’s shares close at or above $0.30 for a period of 20 consecutive trading days. In addition to a cash commission of $24,500 as a finder’s fee, the Corporation issued compensation warrants entitling the holders thereof to acquire 230,006 common shares of the Corporation at a purchase price of $0.25 for a period of two years, subject to the same acceleration exercise provisions as are contained in the common share purchase warrants that comprise a portion of the Units.

The proceeds from the sale of the FT shares will be used for exploration of the Corporation’s properties and the proceeds from the sale of the Units will be used for general working capital purposes.

All of the securities issued in connection with the Offering are subject to a hold period expiring on December 4, 2010.

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 TSX Venture Exchange under the symbol “MEK”. Metals Creek has an option to earn a 50 % interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins Ontario and Val’Dor Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other 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 Corporation’s profile at www.sedar.com.

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 release.

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

Forward Looking Statements:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Corporation are forward looking statements that involve various risks. The following are important factors that could cause the Corporation’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Metals Creek undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.