Mr. Ranjeet Sundher reports

BOLT METALS ANNOUNCES CLOSING OF $231,000 PRIVATE PLACEMENT

Bolt Metals Corp. has completed its previously announced non-brokered private placement of units for gross proceeds of $231,000 through the sale of 1.1 million units at a price of 21 cents per unit.

Each unit is composed of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of 50 cents per share for two years from the date of issue.

The proceeds from the first tranche of the private placement are intended to be used for general working capital purposes. All securities issued pursuant to the private placement will be subject to a four-month-and-one-day hold period from the date of issue pursuant to National Instrument 45-105 (Prospectus Exemptions). Finders' fees will not be paid in accordance with the private placement.

About Bolt Metals Corp.

Bolt Metals is a Canadian-based exploration company focused on the acquisition and development of production-grade battery metal projects within the Asia Pacific region, employing a vertically integrated minerals-to-market strategy to leverage these assets to their fullest.

We seek Safe Harbor.