Mr. Branden Haynes reports

BOLT METALS COMPLETES DEBT SETTLEMENT

Bolt Metals Corp. has completed its previously announced debt settlement agreement to settle outstanding debts owed to an arm's-length creditor totalling $33,500. Pursuant to the settlement agreement, the company has issued 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 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 provide 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, the OTCQB exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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