Mr. Branden Haynes reports

BOLT METALS ANNOUNCES QUEBEC FLOW-THROUGH PRIVATE PLACEMENT

Bolt Metals Corp. intends to complete a non-brokered private placement of up to four million Quebec flow-through (QFT) shares at 25 cents per QFT share for gross proceeds of up to $1-million.

The QFT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

The gross proceeds from the offering will be used to incur Canadian exploration expenses that are flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)) related to the company's Northwind property, Urban-Berry greenstone belt, Quebec.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.

In connection with the offering, the company may pay finders' fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange.

About Bolt Metals Corp.

Bolt Metals is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill ready with high-upside and expansion potential. Based in Vancouver, B.C., Bolt's portfolio of strategic properties provides target-rich diversification and also include Soap Gulch, a copper Sedex project in Montana, and Switchback, a copper-silver project located in British Columbia. Bolt trades on the Canadian Securities Exchange under the symbol BOLT, on the OTCQB under the symbol PCRFC and in Germany under the WKN A3D8AK.

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