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File: 20150526 Extension of Private Placement of Units at $0 01.doc

AVARONE ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

May 26, 2015  TSX-V: AVM

Vancouver, B.C., May 26, 2015 - Avarone Metals Inc. (TSX-V: AVM) (Frankfurt: W2U; WKN: A0HM01) (the "Company" or "Avar
--->one") announces that the TSX Venture Exchange (the "Exchange") has granted the Company an extension to complete the no
--->n-brokered private placement financing (the "Offering") previously announced on April 20, 2015.
 Closing of the Offering is anticipated to occur on or before June 25, 2015 and is subject to receipt of applicable re
--->gulatory approvals including final Exchange acceptance. 

The securities issuable under the Offering will be subject to resale restrictions for a period of four months plus one
---> day from the closing date in accordance to applicable Canadian securities laws.

On behalf of the Board of Directors,
AVARONE METALS INC.

Marc Levy
CEO

For more information contact the Company at:
Telephone:   (604) 669-5778
Facsimile: (604) 669-9768


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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information con
--->tained herein.

We seek Safe Harbor.