Metals Creek ResourcesMetals Creek ResourcesJanuary 2009January 2009

Corporate UpdateCorporate Update

Michael Michael MacIsaacMacIsaac

VP VP ExplorationExploration

Sandy StaresSandy StaresPresident & President &

CEOCEO

Experienced Team, Endless Experienced Team, Endless OpportunitiesOpportunities

Forward Looking StatementForward Looking Statement

Forward-Looking Statements – Certain statements included in this presentation are forward-looking statements which Forward-Looking Statements – Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s future plans, objectives and goals, including words They include estimates and statements that describe the Company’s future plans, objectives and goals, including words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “outlook”, such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “outlook”, “will”, and other similar expressions are intended to identify forward-looking statements. In particular statements “will”, and other similar expressions are intended to identify forward-looking statements. In particular statements relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, construction and commissioning are forward-looking statements. Such forward-looking statements involve inherent construction and commissioning are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results or performance to differ materially from those currently anticipated in such statements. Important factors that could or performance to differ materially from those currently anticipated in such statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include cause actual results to differ materially from those expressed or implied by such forward-looking statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events affecting metal supply and demand, fluctuations in ore grade, ore tonnes milled, geological, technical, mining or affecting metal supply and demand, fluctuations in ore grade, ore tonnes milled, geological, technical, mining or processing problems, future profitability and production, availability of financing on acceptable terms and unexpected processing problems, future profitability and production, availability of financing on acceptable terms and unexpected problems during the development, construction and start-up phases of the underground mine. For a more problems during the development, construction and start-up phases of the underground mine. For a more comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40-F/Annual comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40-F/Annual Report under “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Report under “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements whether as a authorities. The Company disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate – requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate – Note to U.S. Shareholders” in the Annual Report in Form 40-F.Note to U.S. Shareholders” in the Annual Report in Form 40-F.The presentation has been prepared by management of Metals Creek Resources, and does not represent a The presentation has been prepared by management of Metals Creek Resources, and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any Investment decision.making any Investment decision.

Investor InformationInvestor Information

As of January 7, 2009As of January 7, 2009

Market cap……………Market cap…………… ..Cdn$4.725 ..Cdn$4.725 millionmillionTrading symbols………TSX:Trading symbols………TSX:VV – – MEKMEKShares Fully Diluted....35.31 millionShares Fully Diluted....35.31 millionIssued and Outstanding…25.78 millionIssued and Outstanding…25.78 million52 week high52 week high …………..Cdn$0.49…………..Cdn$0.4952 week low…………….Cdn$0.04552 week low…………….Cdn$0.045Website……………………Website……………………www.metalscreek.comwww.metalscreek.com

Officers & DirectorsOfficers & Directors

Alexander Stares, President and CEOAlexander Stares, President and CEO Wayne Reid, VP Corp. Development Wayne Reid, VP Corp. Development

& Director& Director Michael MacIsaac, VP ExplorationMichael MacIsaac, VP Exploration Nick Tsimidis, CFO & DirectorNick Tsimidis, CFO & Director Mick Stares, DirectorMick Stares, Director Denis Arsenault, DirectorDenis Arsenault, Director

Management TeamManagement TeamAlex (Sandy) Stares, President & CEOMr. Stares has in excess of 12 years experience in mineral exploration, spanning a variety of Canadian geological terraines. Prior to forming his own Contracting Company – Stares Prospecting Ltd., as of 2007, he has worked with Rubicon Minerals, Inco, Freewest Resources of Canada, New Millennium, Lac Des Isle Mines, and Noranda. Mr. Stares was one of the recipients of the PDAC “Bill Dennis Prospector of the Year” Award in March 2007, which was awarded to members of the Stares/Keats family.

Michael MacIsaac, VP ExplorationMr. MacIsaac brings over 20 years of exploration and management experience. Mr. MacIsaac received his B.Sc from Lakehead University and has a Professional Geoscientist (P.Geo) designation from the Association of Professional Geoscientists of Ontario. His vast experience entails both grass roots and advanced projects across Canada, in gold, base metal and PGE environments. This experience includes base metal exploration with Noranda Exploration , Gold exploration in the prolific Hemlo and Red lake Gold Camps and PGE exploration for North American Palladium , where he held position of Exploration Manager. Instrumental in the discovery of the Offset Zone (16MT) at the Lac des Iles Mine site.

Wayne Reid, VP Corporate Development & DirectorMr. Reid has in excess of 30 years experience in exploration and mining geology. Mr. Reid was instrumental in the discovery of the Brewery Creek Gold Deposit in the Yukon Territory and the Boundary Massive Sulphide Deposit / Duck Pond Mine in Central Newfoundland.  His experience includes gold, base metal and uranium exploration in most geological environments in North America.  He has over 20 years with Noranda / Hemlo. Also, he has over 10 years in the Timmins camp with Echo Bay Mines, as Canadian Manager and Exploration Manager with St Andrew Goldfields. Most recently he was VP Exploration for Ucore Uranium.

Nick Tsimidis, CFO & DirectorMr. Tsimidis has been a sole proprietor chartered accountant since 1993, and has extensive experience in the public markets. Mr. Tsimidis obtained his C.A. designation in 1989 and articled at KPMG. He continues to service publicly traded companies in the areas of finance, financial reporting and special projects such as NSP Pharma Corp, Outlook Resources, and RTICA Corp. Since February, 2005, Mr. Tsimidis has served as Chief Financial Officer of First Canadian Capital Markets, a limited market dealer.

2008 ACTIVE EXPLORATION PROJECTS2008 ACTIVE EXPLORATION PROJECTS

Ogden Joint VentureGoldcorp Ltd. / Metals Creek Resources

Signed Option Joint Venture (Nov 24/08) with Goldcorp to earn 50% in Timmins West Property for work expenditures of $3.1M and cash and shares totalling $460,000 over 4 years

MEK to be operator during earn in and while it holds a 50% interest Goldcorp can earn back 20% for a cash payment of $310,000, expenditures of

$4.1M and taking the project to a Feasibility Study Opportunity to explore along 8 km of the Prolific Porcupine-Destor Break,

partnered with World Class Gold producer Between 3 and 8 km to the east along strike, gold production exceeds 22 million

oz from six mines. This includes the 16 million oz plus Dome Mine and mill complex owned by Goldcorp

Lake Shore Gold, located 10 km on strike to the west, is the focus of underground dev’t Indicated Mineral Resource of 1,291,000 oz (Source: NR, TSX:LSG, Nov. 20, 2006)

The past producing Naybob Mine (50,731 oz Au) is located on the optioned claims and hosts a historic non 43-101 resource of 1Mt @ 4.12 g/t Au.

Historic drilling generally confined to Naybob Mine Area and a cluster of holes in the Thomas Ogden Area. Outside of this area, little or no drilling.

Future work will be predominately drilling on the numerous gold targets and trends once a detailed compilation is complete

Work in the shadow of Head frames in a World Class Gold Camp

Ogden ProjectOgden Project Geology Plan Geology Plan

Exploring for GoldExploring for Gold along the Porcupine-Destor Breakalong the Porcupine-Destor Break

Limited Exploration for GoldLimited Exploration for Gold along Highly Prospective along Highly Prospective

StratigraphyStratigraphy

Tillex/Currie Property

Option Agreement with Kinross Gold to earn Kinross’s 60% interest in the Currie Bowman Project, Selkirk Metals holds remaining 40% interest

Limited drilling discovered Grindstone Creek Zone (2.08 g/t Au / 18.9m incl. 3.95g/t Au, 132 g/t Ag, 3.0% Zn / 2.1m)

Recent drill results on Tillex Deposit include: 97.05m of 1.194% Cu incl. 37.05m of 2.583% Cu81.13m of 1.83% Cu including 27.00m of 2.73% Cu

Mineralization is ‘Volcanogenic Massive Sulfide” style and consists of a package of banded, massive and disseminated sulfides at the top of an altered felsic pyroclastic.

The Tillex Deposit is located 6 km to the east of the Grindstone mineralization and is on the Grindstone Creek horizon

Non 43-101 resource Tillex Deposit (1.34 million Tonnes @ 1.56% Cu) (Source: TSX-V:SVT website)

Recently completed detailed ground geophysical survey (Mag and electromagnetics) and drilling

Recently completed a 2800m diamond drill program on Tillex, assays pending on 9 remaining holes.

Proximal to Infrastructure, 45km from Kidd Metalurgical site.

Tillex GeologyTillex Geology

Tillex Mag & GeologyTillex Mag & Geology

Tillex LongsectionTillex Longsection

Tilt Cove Project MEK has controlling interest in 143 claim units (3565 hect) in the Tilt Cove

area of Newfoundland including: An option to earn a 100% interest in the Tilt Cove Mine property An option to earn a 100% interest in the Betts Cove Mine property An option to earn a 60% interest in Paragon Mineral’s Long Pond

Project Three MEK staked claim blocks

Claims cover a portion of the Betts Cove Ophiolite Complex which hosts two Cu-Au past producers at Tilt Cove and Betts Cove and is adjacent to the Nugget Pond Gold Mine and Mill. The mill is still operating. Also host to new PGE discovery with grades up to 11.4 g/t Palladium, 3.0 g/t Platinum and 0.93% Nickel

The Copper Deposits are hosted by ocean floor ultramafic volcanics and are characterized as “Cyprus-type” mineralization

MEK recently completed Airborne AEM-MAG (Geotech VTEM) over project area including the Betts Cove and Tilt Cove Deposits

Initial prospecting completed on all properties Future work includes compilation of summers prospecting, mapping and

airborne AEM. Drilling expected in 2009. Significant Gold - Copper land package

Tilt Cove Project Tilt Cove had historic production of 8,160,000 tonnes of Cu ore, @ 1-12% Cu(1957)

Evaluated mainly for Base Metals, limited assaying for Au. MEK initial prospecting had results from surface grab samples up to 69.39 g/t Au and 10.4% Cu

Recent sampling of massive magnetite zone returning assays of 13.2 and 6.5 g/t Au. New target at the Cape St. John unconformity

Historic non 43-101 resources listed on the property includes: 1Mt @ 1.00 % Cu at the Cliff Zone 80,000t @ 2.06 g/t Au at the Waste Dump

Betts Cove had historic production of 118,500 tonnes @ 10% Cu Recent sampling up to 10.0 g/t Au and 18.3% Cu NEW PGE DISCOVERY within Late gabbroic intrusions with values from 3

samples ranging: 6.6 to 11.4 g/t Pd, 1.15 to 3.0 g/t Pt, upto .155 g/t rhodium 0.93% to 1.86% Cu, 0.25 to 0.93% Ni and 0.04% Co.

Paragon Option has a number of gold showings including: George Showing up to 315.1 g/T Au (9.20 oz/t) Long Pond showing up to 71.5 g/T (2.09 oz/t) Nudulama Zone up to 4.58 g/T Au and 8.7 % Cu

Tilt Cove ProjectCompilation

Dogpaw Joint VentureDogpaw Joint VentureEndurance GoldEndurance Gold / Metals Creek / Metals Creek

ResourcesResources Option Joint Venture with Endurance Gold on the Dogpaw property in the Option Joint Venture with Endurance Gold on the Dogpaw property in the

Cedartree AreaCedartree Area $450,000 over 2 years work expenditures$450,000 over 2 years work expenditures Share distributions of 450,000 over 2 years Share distributions of 450,000 over 2 years Option to earn 75% interest in the projectOption to earn 75% interest in the project 23 unpatented claims, 4400 hectares23 unpatented claims, 4400 hectares 43-101 report, property of merit43-101 report, property of merit Prospective IP chargeability anomalies with associated gold mineralization Prospective IP chargeability anomalies with associated gold mineralization

up to 23 g/t within a sericite schistup to 23 g/t within a sericite schist Multiple surface showings with grabs up to 95 g/tMultiple surface showings with grabs up to 95 g/t 12 km on strike from Cameron Lake Deposit, recently announced purchase 12 km on strike from Cameron Lake Deposit, recently announced purchase

of 700tpd mill for Cameron Lakeof 700tpd mill for Cameron Lake Significant land position within Cedartree / Cameron Lake gold playSignificant land position within Cedartree / Cameron Lake gold play Completion of recent prospecting program within the stephens lake stock Completion of recent prospecting program within the stephens lake stock

resulting in 27 percent of the samples assaying over 1 g/t Au.resulting in 27 percent of the samples assaying over 1 g/t Au. Discovery of 3 new Gold showings within the Stevens Lake Stock with Discovery of 3 new Gold showings within the Stevens Lake Stock with

assays up to 18 g/t Au. assays up to 18 g/t Au. Strongly Carbonatized North South Structures with associated pyrite Strongly Carbonatized North South Structures with associated pyrite

mineralization.mineralization.

DOGPAW LAKE PROJECTDOGPAW LAKE PROJECTPROPERTY LOCATION MAPPROPERTY LOCATION MAP

R ain y L ake

L ac S eu l

T r ou t L ake

L akeS t. J oseph

O n am anL ake

L A K E

N I P I G O N

L A K E S U P E R I O R

R ed L ake

L ake of theW oods

CANADAU.S .A .

51°

49° 49°

51°

94° 92° 90° 88° 86°

94°

92° 90° 88° 86°

527

17

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11

599

105

17

11

17

C N R

C N R

C N R

C P R

THUNDER BAY

FortFrances

Dryden

S iouxLookout

RedLake

Kenora

Hem lo

Marathon

Geraldton

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DOGPAW LAKEPROPERTY

0 20 40 60 80 100

KILOMETRES

Cedartree Area PropertiesCedartree Area Properties

Stevens Lake Claim Block Stevens Lake Claim Block SURFACE SAMPLE RESULTSSURFACE SAMPLE RESULTS

Proposed Work ProgramProposed Work Program Ogden Ogden

Model geology & mineralizationModel geology & mineralization Prioritize drill targetsPrioritize drill targets 2000 meter drill program – 2000 meter drill program –

Winter/springWinter/spring

Tillex / CurrieTillex / Currie Compile results and geology from Compile results and geology from

recently completed drill programrecently completed drill program

DogpawDogpaw Recently Completed Prospecting Recently Completed Prospecting

Program – 3 new showingsProgram – 3 new showings Line-cutting & Geophysics over Line-cutting & Geophysics over

new gold discoveries – Winter?new gold discoveries – Winter?

Tilt Cove Project AreaTilt Cove Project Area Compile data from recently Compile data from recently

completed AEM-Mag Airborne completed AEM-Mag Airborne Geophysical SurveyGeophysical Survey

Line-cutting & Geophysics – Line-cutting & Geophysics – Winter/SpringWinter/Spring

Model Cliff Zone ResourceModel Cliff Zone Resource

Gabbro Lake Gabbro Lake Compile results of AEM-Mag-Compile results of AEM-Mag-

Radiometrics Airborne Radiometrics Airborne Geophysical Survey to be Geophysical Survey to be completed in Octobercompleted in October

Awaiting resultsAwaiting results Ground truth prospective Ground truth prospective

anomalies 2009 - Summeranomalies 2009 - Summer

MEK SummaryMEK Summary

Partnered with two world class Gold Miners Goldcorp & Partnered with two world class Gold Miners Goldcorp & KinrossKinross

Managed by experienced team and core of prospectors and Managed by experienced team and core of prospectors and geologistsgeologists

Good exposure to Gold with advanced gold projects in both Good exposure to Gold with advanced gold projects in both Newfoundland and Ontario.Newfoundland and Ontario.

Advanced Au and Cu prospects with resources, past Advanced Au and Cu prospects with resources, past production and ore grade intersections near existing production and ore grade intersections near existing infrastructure.infrastructure.

Focusing on productive camps Timmins, Tilt Cove with a Focusing on productive camps Timmins, Tilt Cove with a balance of grassroots and advanced projects.balance of grassroots and advanced projects.

Presently low market capPresently low market cap Mining friendly jurisdictions in Ontario and Newfoundland & Mining friendly jurisdictions in Ontario and Newfoundland &

LabradorLabrador