Mr. Branden Haynes reports

BOLT METALS ANNOUNCES DEBT SETTLEMENTS

Bolt Metals Corp. has entered into debt settlement agreements to settle outstanding debts owed to two arm's-length creditors totalling $163,898.02. Pursuant to the settlement agreements, the company has agreed to issue an aggregate of 3,277,960 units at a deemed price of five cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant being exercisable for one common share for a period of two years at a price of five cents. All securities issued pursuant to the settlement agreements will be subject to a four-month-and-one-day hold period, pursuant to National Instrument 45-106, Prospectus Exemptions.

The board of directors of the company determined that it is in the best interests of the company to complete the debt settlement in order to preserve the company's cash for working capital.

About Bolt Metals Corp.

Bolt Metals is a North American mineral acquisition and exploration company focused on the development of quality precious metal 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 (sedimentary exhalative) project in Montana, and Switchback, a copper-silver project located in British Columbia. Bolt trades on the Canadian Securities Exchange under the symbol BOLT, the OTCQB Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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