Metalink's Shares to be Delisted From NASDAQ

Metalink Ltd. MTLK, today announced that it had received notice from the staff of the NASDAQ Stock Market LLC, on April 12, 2011 indicating that the Company has failed to regain compliance with the minimum $1.00 per share requirement for continued listing as set forth in NASDAQ's Listing Rule 5550(a)(2) by April 11, 2011 and that, unless the Company appeals, the Company's ordinary shares will be delisted from The NASDAQ Capital Market at the opening of business on April 21, 2011. Metalink does not intend to appeal the delisting determination.