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File: (7) AVM - Bory's Option Close NR.DOC

AVARONE OPTIONS THE BORYS LAKE PROPERTY

November 24, 2015  TSX-V: AVM

Vancouver, B.C., November 24, 2015 - Avarone Metals Inc. (TSX-V: AVM) (Frankfurt: W2U; WKN: A0HM01) (the "Company" or 
--->"Avarone") is pleased to announce that on November 24, 2015, the Company received TSX Venture Exchange approval for an
---> agreement with an arms'-length vendor by which the Company can earn a 100% interest in the Borys Lake Lead-Zinc Proje
--->ct, which covers an area of ~2882 hectares in the southwestern edge of the LaRonge Gold Belt, SK. The Company will ear
--->n a 100% interest in the property by completing the following; the issuance of 6,000,000 common shares upon TSX Ventur
--->e Exchange approval, the payment of further cash considerations totaling $200,000 over the next 3 years and the comple
--->tion of $1,000,000 in qualified exploration expenditures within 4 years from the date of approval.

The Borys Lake property has been explored and developed sporadically since the mid 50's by several juniors, most recen
--->tly Claude Resources Inc. in the early 90's.  This comprehensive package includes all four mineralized zones of this d
--->eposit, the Main, Mac, Cam and Will. The Borys Lake deposit occurs within northeast trending, steep northwesterly dipp
--->ing supracrustal rocks at the eastern margin of the Crew Lake Belt of the La Ronge Domain. These rocks comprise mainly
---> hornblendic and psammopelitic biotitic gneisses that are variably migmatized. The gneisses have suffered at least one
---> major phase of folding and have attained upper amphibolite facies metamorphism.

The deposit lies on the northwestern limb of a major antiform. The core of the antiform, southeast of the deposit, is 
--->occupied by predominant hornblendic gneisses. Biotitic gneisses predominate to the northwest of the deposit. The immed
--->iate vicinity of the deposit is underlain by intercalated biolitic gneisses, hornblendic gneisses, and 'granulites', c
--->alc-silicates and 'quartzities'. These rocks are invaded by a sill-like body of granodiorite southwest of Borys Lake.

Footwall rocks are mainly hornblendic but include intercalations of biotitic gneiss and 'quartzite'. The latter, 9 to 
--->24 m thick, lies 45 m to 120 m structurally below the 'Main Zone' mineralization and includes laterally persistent, co
--->nformable pyrrhotite-pyrite-graphite mineralization. The hanging wall rocks are formed mainly by biotitic and biotite-
--->hornblende gneisses with subordinate hornblende gneiss and calc-silicate units.

The 'Main Zone' is hosted predominantly within an approximately conformable, northeast trending shear zone, represente
--->d mainly by biotite-chlorite schist. Conspicuous wall rock alteration is variably developed along the mineralized zone
--->. The latter comprises mostly silicification, biotitization, chloritzation and sericitization, accompanies by minor ta
--->lk and kaolin. Locally, masses of actinolite-tremolite-diopside form the predominant alteration, especially where gale
--->na becomes conspicuous.

Mineralization is formed by pyrrhotite and sphalerite with lesser galena, pyrite and chalcopyrite. The sulphides occur
---> as fine dissemination, isolated biebs and rare veinlets. Locally, massive sphalerite-galena mineralization occurs wit
--->hin quartz-rich veins and lenses (silification?). The No. 1 Lens apparently plunges 30 to 40 degrees to the southwest,
---> within the plane of the shear zone.

In 2011, the project was examined with a VTEM, Mag/EM system and subsequent interpretation was successful in identifyi
--->ng known mineralization as well as defining new targets that may represent additional zones of mineralization. 
 * Peter Born P.Geo., the Company's Qualified Person, has supervised the preparation and approved the scientific and t
--->echnical content of this release.
On behalf of the Board of Directors,
AVARONE METALS INC.

Marc Levy
CEO

For more information contact the Company at:
Telephone:   (604) 669-9788
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.