Mr. Frank Smeenk reports

CCC ANNOUNCES PROPOSED PRIVATE PLACEMENT OF UNITS AND APPOINTMENT OF MICHAEL MINAS AS VP CAPITAL MARKETS

The Canadian Chrome Company Inc. has proposed a private placement of up to 1.4 billion units at a price of 0.6 cent per unit for aggregate gross proceeds of up to $8.4-million. Each unit will be composed of one subordinate voting share of the company and one-100th of one multiple voting share purchase warrant, with each warrant enabling its holder to purchase one multiple voting share from treasury upon payment of an exercise price of $1 at any time prior to the earlier of: (i) five years from the date of the first closing of the offering; or (ii) two business days after a change of control of the company. Warrants will be rounded down to the nearest whole number of warrants so that no fractional warrants will be issued. One hundred subordinate voting shares are convertible at the option of any shareholder at any time into one multiple voting share, and, correspondingly, one multiple voting share is convertible at the option of any shareholder at any time into 100 subordinate voting shares. At all meetings of shareholders, shareholders are entitled to cast one vote for each one subordinate voting share and to cast 100 votes for each one multiple voting share. Dividend and liquidation rights for each multiple voting share are correspondingly 100 times the dividend and liquidation rights for each subordinate voting share.

The company will pay finders' fees to finders of up to 5 per cent of the aggregate amount subscribed for by subscribers referred to the company by finders entitled to receive such fees in accordance with applicable securities laws, which fees will be payable in units at a deemed price of 0.6 cent per unit.

Each subscriber for units must be an accredited investor within the meaning of applicable securities laws or otherwise qualify to purchase units on a prospectus-exempt basis in accordance with applicable securities laws. The proceeds from the offering will be used to finance the company's business focused on the acquisition of interests in, and the exploration, evaluation and development of, large-scale mineral deposits of chromite and other base metals and minerals, including, without limitation, financing the company's overhead and operating expenses, and the costs of this private placement.

All of the securities to be issued pursuant to the offering will be subject to a four-month hold period.

Appointment of vice-president, capital markets

The company is also pleased to announce the proposed appointment of Michael Minas to the position of vice-president, capital markets. Management of the company intends to present the proposed appointment to the board of directors of the company for approval at the next meeting of the board of directors.

"Michael is a global markets institutional equity trader, having launched his international career trading treasuries at Cantor Fitzgerald in NYC, following which he joined CIBC World Markets as an executive director. He then joined Genuity Capital Markets as a co-founder and was subsequently appointed director of institutional sales for Canaccord Genuity Group Inc. Until recently, he was CEO of The Ring of Fire GP Inc. under its engagement by The Canadian Chrome Company," said Frank Smeenk, chief executive officer of the company. "We are delighted to have Michael join us in this capacity, now that the path forward into the USA and its capital markets has been addressed for Canada's critical minerals."

About The Canadian Chrome Company Inc.

Canadian Chrome is an exploration-stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals,. including chromite in the Ring of Fire, as well as other base metals and strategic minerals and, where applicable, support for the development of transportation and electrification links to access remote areas where these deposits may be located.

We seek Safe Harbor.