Mr. Jean-Sebastien Lavallee reports

CANADA STRATEGIC METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENTS FOR TOTAL GROSS PROCEED OF $2.6 MILLION

Canada Strategic Metals Inc. has closed its private placement of 14.3 million flow-through common shares at a price of 17.5 cents per flow-through share for gross proceeds totaling $2,502,500. The private placement was led by Canaccord Genuity Corp.

In connection with the offering, Canaccord Genuity received a cash commission of $200,200 and 1,144,000 non-transferable share purchase warrants entitling the holder to purchase 1,144,000 common shares at the price of 17.5 cents per share until March 9, 2019.

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, 2017, in the aggregate amount of not less than the total amount of the gross proceeds raised from the offering.

The company has also closed a non-brokered private placement for an amount of $100,000. In connection with this private placement, the company issued 909,091 common shares at a price of 11 cents per common share.

Closing of both private placements are subject to receipt of regulatory approvals, including the acceptance of the TSX Venture Exchange. In accordance with applicable Canadian securities laws, the flow-through shares, broker warrants and common shares are subject to a four-month hold period expiring on July 10, 2017.

We seek Safe Harbor.