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TORONTO, ONTARIO--(Marketwire - July 16, 2010) - REC Minerals Corp. ("REC" or the "Company") (TSX VENTURE:REC) has completed its initial diamond drilling program (the "Program") at its Yukon Olympic Property (the "Property"), located in the Yukon Territory, Canada. The Company currently holds an option to acquire up to a 65% interest in the Property from Copper Ridge Explorations Inc. ("Copper Ridge"). The Property is comprised of 272 quartz mining claims totaling 5,359 hectares.

The $400,000 Program consisted of five holes totaling 1194 metres of diamond drilling. The five holes tested coincident induced polarization (IP) and gravity targets associated with airborne magnetic anomalies.

Hole YO-10-01, set up to drill vertically into a distinct chargeability anomaly, was lost in overburden at 36.6 metres.

Hole YO10-02, drilled 336 metres to test a large chargeability anomaly, entered bedrock at 11.6 metres and remained in chlorite and iron oxide hematite breccia for its entire length. Trace chalcopyrite and up to 2% pyrite were encountered sporadically throughout the hole.

Hole YO10-03 was collared to test the southern part of the same anomaly. The hole, drilled 184 metres, intersected brecciated quartz and iron oxides from 30.5 to 103 metres. From trace to up to 3% each of pyrite and chalcopyrite were observed sporadically throughout the breccia.

Hole YO10-04 was collared to test a broad moderate chargeability anomaly. The hole, drilled to 340 metres, intersected mostly interbedded mudstone and limestone intruded by sections of hematite breccia. Trace to up to 10% percent pyrite and trace chalcopyrite were encountered locally throughout the hole.

Hole YO10-05 represented a second attempt to test the chargeability anomaly in YO-10-01. The hole successfully intersected bedrock at 47 m, but remained in limestone until it was shut down at 300 metres.

The observation of the presence of chalcopyrite associated with disseminated pyrite and local hematite mineralization hosted in brecciated rocks together in holes YO10-02 to YO10-04 are consistent with the proximity of an iron-oxide copper gold mineralized system.

A total of 312 samples, including quality control blanks, duplicates and standards, were collected from holes YO10-02, 03 and 04 and are being sent for geochemical analysis with results pending.

J. Greg Dawson, B.Sc., M.Sc., P.Geo., the President of Copper Ridge, the owner of the Yukon Olympic Property, and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information contained in this press release in compliance with National Instrument 43-101.

ABOUT REC

REC is a junior mineral exploration company with an experienced management team engaged in the acquisition, exploration and development of properties for the mining of precious and base metals and uranium. The principal property of REC is the Yukon Olympic Property, comprised of 272 quartz mining claims in the Dawson Mining Division, Yukon Territory, Canada, which is prospective for iron oxide, copper and gold mineralization and in which REC holds an option to acquire up to a 65% interest. The Corporation also holds an option to acquire a 100% interest in the North Nonacho Property comprised of two mining claims covering 60 units in the vicinity of Nonacho Lake, Northwest Territories, Canada, an option to acquire a 100% interest in the MC Dalhousie Property comprised of two mineral claims located in northwestern British Columbia, Canada, and an option to acquire a 100% interest in the Esten Property comprised of 26-claim unit block located 10 km south of Elliott Lake, Ontario, Canada. The common shares of REC trade on the TSX Venture Exchange under the stock symbol "REC". The Company has 16,575,000 common shares issued and outstanding.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of REC or the industry in which it operates to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current expectations of the management of REC with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in REC's prospectus and in other continuous disclosure documents that will be filed by REC from time to time with the Ontario Securities Commissions which are available at [ www.sedar.com ] and to which readers of this press release are referred for additional information concerning REC, its prospects and the risks and uncertainties relating to REC and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of REC to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, REC cannot assure investors that actual results will be consistent with these forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The forward-looking information contained in this press release is current only as of the date hereof. REC does not undertake or assume any obligation, except as required by law, to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

No securities commission or regulatory authority has approved or disapproved the contents of this press release.

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.