Mr. Jean-Sebastien Lavallee reports

CANADA STRATEGIC METALS ANNOUNCES THIRD CLOSING OF $164,450

Canada Strategic Metals Inc. has closed the third and last tranche of a non-brokered private placement for an amount of $164,450. A total of $1,229,690 was raised through the three closings of this private placement.

The company has issued 1,495,000 common shares at a price of 11 cents per share for gross proceeds of $164,450.

The company paid intermediary fees of $7,084, along with 64,400 compensation options entitling their holders to purchase 64,400 common shares of the company at a price of 11 cents per share for a 24-month period following the closing of the private placement.

All the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.

The proceeds of this private placement will be used for working capital and for property development.

The private placement is subject to regulatory approval.

About Canada Strategic Metals Inc.

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects in Quebec.