Mr. Jean-Sebastien Lavallee reports

CANADA STRATEGIC METALS ANNOUNCES C$4 MILLION MARKETED FLOW-THROUGH AND COMMON SHARE PRIVATE PLACEMENT

Canada Strategic Metals Inc. has entered into an agreement with Canaccord Genuity Corp., pursuant to which Canaccord will act as agent in connection with a proposed fully marketed private placement to raise gross proceeds of approximately $4.0-million. The marketed offering will consist of the sale of 17.15 million flow-through common shares of the company at a price of 17.5 cents per flow-through share and the sale of 9,091,000 common shares of the company at a price of 11 cents per marketed common share.

In addition, the company will grant the agent an option to sell up to an additional 9,091,000 common shares of the company at 11 cents per offering common share to raise additional gross proceeds of up to $1.0-million.

The gross proceeds raised from the sale of flow-through shares will be used to incur Canadian exploration expenses as defined in the Income Tax Act (Canada) on the company's properties in Quebec. The qualifying expenditures will be renounced to the subscribers with an effective date no later than Dec. 31, 2016, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issuance of flow-through shares.

The net proceeds from the sale of the offering common shares will be used for the exploration and development of the company's properties in Quebec and for general working capital purposes.

Closing of the offering is anticipated to occur on or about Dec. 8, 2016. Closing of the offering is subject to receipt of regulatory approvals, including the acceptance of the offering by the TSX Venture Exchange. The flow-through shares and offering common shares will be subject to a four-month hold period under applicable securities laws in Canada.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.

We seek Safe Harbor.