Received by email:

File: May 2 2016 Update of 10Mil PP to 15+Mil.pdf

                                               CMC METALS LTD.
                                        Suite 605   369 Terminal Avenue
                                           Vancouver, B.C. V6A 4C4
                                    Phone (604) 605-0166 / Fax (604) 692-0117
                           Email: jackbalyvr@gmail.com/ Website: www.cmcmetals.ca


                                                           NEWS RELEASE
TSX-V: CMB                                                                                                            
--->      May 2, 2016
PK: CMCXF
Frankfurt: ZM5.F

                               Update on 10,000,000 Unit Private Placement at $0.10 per Unit

Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to provide an update on the terms of its private
placement announced in its February 10, 2016 press release, wherein we advised the public of our intention
of conducting a private placement of up to 10,000,000 Units at $0.10 per Unit. The Company has received
an overwhelming response to its placement and as a result, the placement has been increased from
10,000,000 Units to 15,500,000 Units on the same terms and conditions as set out in our February 10, 2016
press release, with the Units consisting of one common share and one transferrable share purchase warrant,
with every two warrants exercisable for one additional common share of the Company at $0.12 per share for
a two year period. The proceeds derived from the now total 15,500,000 Unit placement are to be used
towards our ongoing costs associated with the further development of the Company's Bishop Mill and
Radcliff Property projects held in the US and to bring the Bishop Mill closer to production. Approximately
35% of the funds raised through this placement will come from insiders of the Company and a finder's fee of
8% cash and 8% in broker's warrants are payable to third parties, subject to Exchange approval.

                                                                      On behalf of the Board:

                                                                      "Jack Bal"
                                                                                                         __
                                                                     Jack Bal, President & CEO
                                                                     CMC METALS LTD.

For further information on the Company, please contact Mr. Jack Bal, CEO, Telephone:                                  
--->        604-306-5285
jackbalyvr@gmail.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

"This news release includes certain statements that constitute "forward-looking information" within the meaning of app
--->licable securities law,
including without limitation, statements that address the timing and content of upcoming work programs, geological int
--->erpretations, receipt of
property titles and exploitation activities and developments. Forward-looking statements address future events and con
--->ditions and are
necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reas
--->onable by the
management of the Company, they are inherently subject to significant business, economic, competitive and regulatory u
--->ncertainties and risks,
including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur
---> as described herein or at
all. Actual results may differ materially from those currently anticipated in such statements. Factors that could caus
--->e actual results to differ
materially from those in forward looking statements include market prices, exploitation and exploration successes, the
---> timing and receipt of
government and regulatory approvals, and continued availability of capital and financing and general economic, market 
--->or business conditions.
Readers are referred to the Company's filings with the Canadian securities regulators for information on these and oth
--->er risk factors, available
at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or 
--->events and,
accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of s
--->uch statements. The
forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any 
--->intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future events o
--->r otherwise, except as
expressly required by applicable securities legislation."