MEK Drills 10m of 1.01g/t Gold at Staghorn

Metals Creek Resources Corp. Drills 10 meters of 1.01 g/t Gold at Staghorn,
Woods Lake Zone Remains Open To The East And At Depth.
Adoption of Shareholder Rights Plan

Toronto, January 7, 2011. Metals Creek Resources Corp. (the “Corporation”, or “Metals Creek”, TSXV: MEK) is pleased to announce the completion of a 16 hole, 2640 meter diamond drill program on its Staghorn property in west central Newfoundland. The 100% owned property covers a 40 km length of the Cape Ray Fault which hosts a number of gold deposits including Marathon Gold Corporation’s Leprechaun Deposit, located 20 km to the northeast.

Eleven holes tested the Woods Lake Zone over a 2.0 km strike length with 200 to 400 meter stepouts to the east, and the strongly altered silicified/sericite zone appears to lens out to the west however it is still open to the east and down dip. The zone ranges from 10 to 90 meters wide and is represented by anomalous gold and arsenic values over the full width of the alteration. The gold values average 0.25 g/t to 0.50 g/t throughout with higher grade sections of greater than 1.0 g/t. Best values from this latest drilling included hole ST-10-007 which intersected 1.01 g/t Au over 10 within a wider alteration zone of 0.25 g/t Au over 92.0 m.

Five additional holes were completed in the Mink Lake area located 6 to 8 km to the southwest of Woods Lake. These holes were testing regional geophysical/geochemical anomalies proximal to the projection of the Cape Ray Fault. Results included narrow sections of anomalous gold in two of the holes but for the most part were not encouraging. Additional drilling is anticipated in 2011 to further test the Woods Lake Zone and to test other anomalous sections of the Cape Ray structure. A table of the complete results and a drill location map will be posted on the Corporation’s web site once a final compilation is completed. Highlights from the recent drilling include:

ST-10-004 0.25g/t Au over 13.55m
ST-10-005 0.27g/t Au over 23m
ST-10-006 0.45g/t Au over 6m
ST-10-007 0.25g/t Au over 92.0 m, including 1.01g/t Au over 10 m.
ST-10-010 0.25g/t Au over 31m, including 0.59g/t Au over 7m
ST-10-012 0.38g/t Au over 20.8m, including 0.51g/t Au over 12m.

The remaining 10 holes returned no significant assays.

All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples exhibiting visible gold are analyzed using the pulp metallic method.

Metals Creek would like to thank the Government of Newfoundland and Labrador for its support of this project through a financial contribution from the Junior Exploration Assistance program.

In addition, Metals Creek is pleased to announce that its board of directors has approved the adoption of a shareholder rights plan (the “Rights Plan”) designed to encourage the fair and equal treatment of shareholders in connection with any take-over bid for the Corporation's outstanding securities.

The purpose of the Rights Plan is to provide shareholders and the Corporation’s board of directors with adequate time to consider and evaluate any unsolicited bid made for the Corporation, to provide the board with adequate time to identify, develop and negotiate value-enhancing alternatives to any such unsolicited bid, to encourage the fair treatment of shareholders in connection with any take-over bid for the Corporation and to ensure that any proposed transaction is in the best interests of the Corporation’s shareholders.

The Rights Plan is similar to plans adopted by other Canadian companies. Under the terms of the Rights Plan, one right (a “Right”) will be issued by the Corporation in respect of each outstanding common share of the Corporation and in respect of each common share subsequently issued. The Rights issued will become exercisable only if a person (together with its affiliates, associates and joint actors) acquires 20% or more of the Corporation's common shares without complying with the “Permitted Bid” provisions of the Rights Plan, or without the approval of the Corporation’s board of directors.

“Permitted Bids” under the Rights Plan must be made to all holders of the Corporation’s common shares and must be open for acceptance for a minimum of 60 days. If at least 50% of the outstanding common shares have been tendered and not withdrawn after 60 days, the bidder may take-up the shares, but must make a public announcement of that take-up and extend the bid for a further 10 days to allow other shareholders to tender to the bid.

Although effective as of today, the Rights Plan is subject to ratification by the Corporation’s shareholders at the next annual meeting of shareholders. If the Rights Plan is not ratified at the next annual shareholder’s meeting, the Rights Plan and all of the Rights outstanding at that time will terminate.

The Rights Plan was not adopted in response to any proposal to acquire control of MEK.

A copy of the Rights Plan is available to the public for viewing on SEDAR at www.sedar.com under the Corporation's profile.

Michael Macisaac, P. Geo, VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.

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