MetalCorp Limited announced that the TSX Venture Exchange has provided its acceptance of MetalCorp's recently announced earn-in agreement (the "Earn-In Agreement") with Barrick Gold Inc. ("Barrick"), a wholly-owned subsidiary of Barrick Gold Corporation, relating to MetalCorp's Hemlo East gold property (the "Hemlo East Property") located about 350 kilometers east of Thunder Bay, Ontario. Barrick is currently operating the Williams and David Bell Gold Mines which are adjacent to the Hemlo East Property. Over 21 million ounces of gold have been produced to date from the Hemlo gold deposits. The Earn-In Agreement provides that Barrick has the right and option to earn an 80% interest in the Hemlo East Property upon satisfaction of the following conditions: Barrick paying CDN 3,000,000 (the "Initial Payment") to MetalCorp on or before the third business day following TSX Venture Exchange acceptance of the Earn-In Agreement (the date of such payment being the "Initial Payment Date"); Barrick funding expenditures on the Hemlo East Property as follows: (A) at least CDN 700,000 (the "Guaranteed Amount") on or before the first anniversary of the Initial Payment Date; and (B) at least CDN 4,500,000 (including the Guaranteed Amount) on or before the third anniversary of the Initial Payment Date; and Barrick delivering a National Instrument 43-101 technical report in respect of the Hemlo East Property on or before the third anniversary of the Initial Payment Date.