Mr. Branden Haynes reports

BOLT METALS ANNOUNCES DEBT SETTLEMENTS

Bolt Metals Corp. has entered into debt settlement agreements to settle outstanding debts owed to certain arm's-length creditors totalling an aggregate of $117,535. Pursuant to the settlement agreements, the company has agreed to issue an aggregate of 11,753,500 common shares at a deemed price of one cent per share. All shares 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 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, on the OTCQB Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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