Mr. Branden Haynes reports

BOLT METALS CLOSES DEBT SETTLEMENTS

Bolt Metals Corp. has closed its previously announced 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 issued an aggregate of 3,277,960 units at a deemed price of five cents per unit. Each unit consists 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 are 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 was in the best interests of the company to complete the debt settlement 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 and base metal properties that are drill-ready with high upside and expansion potential. Based in Vancouver, B.C., Bolt has a portfolio of strategic properties that provides target-rich diversification and also includes 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 exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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