Q2 Financials and MD&A

Media Release - Metalo Manufacturing Inc. file December 31, 2015 Financial Statements and MD&A on SEDAR

(NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION VIA U.S. NEWSWIRE)

HALIFAX, NS, February 26, 2016/CNW/ - Metalo Manufacturing Inc. (formerly Muskrat Minerals Incorporated) (CSE: MMI) announced today that it has filed its unaudited consolidated financial statements and management discussion and analysis for the second quarter ended December 31, 2015. Both are available under the Corporation's profile on SEDAR at www.sedar.com and on its website at www.metalo.ca.

ABOUT METALO MANUFACTURING INC.

Metalo's principal focus is the investment in metals manufacturing to create pig iron and mining projects of interest. It is currently a shareholder of Grand River Ironsands Incorporated ("GRI") with 44.3% of GRI’s issued and outstanding common shares. GRI owns a majority interest in North Atlantic Iron Corporation ("NAIC"). NAIC’s business emphasis is the manufacturing of pig iron for sale to foundries and steel mills. NAIC also owns mining rights for an iron ore resource in Happy-Valley, Goose Bay, Newfoundland. GRI also owns and operates two electric arc smelting furnaces in Pennsylvania, USA through its wholly owned subsidiary, Forks Specialty Metals Inc. ("FSM"). FSM is currently used as a testing facility for iron smelting using both iron sands and various grades of iron ore to create pig iron. FSM is actively pursuing other opportunities to maximize the economic performance of its assets. The Corporation continues to seek potential joint ventures and partnerships to enhance the value of its existing properties. The Corporation has 17,251,018 issued and outstanding common shares.

Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

The Corporation seeks Safe Harbour.

For additional information contact:

Liz MacKenzie, Corporate Communications (902) 233-7255

info@metalo.ca


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