Mr. Branden Haynes reports

BOLT METALS ANNOUNCES DEBT SETTLEMENT

Bolt Metals Corp. has entered into a debt settlement agreement to settle an outstanding debt owed to an arm's-length creditor totalling $33,500. Pursuant to the settlement agreements, the company has agreed to issue an aggregate of 3,722,222 common shares in the capital of the company at a deemed price of 0.9 cent per share. The shares issued pursuant to the settlement agreement 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 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'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 exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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