Mr. John Bossio reports

CMC TO CLOSE SECOND TRANCHE IN TEN DAYS AND ANNOUNCES RESIGNATION OF DIRECTOR

CMC Metals Ltd. will close the second tranche of its current financing on Sept. 15. As announced on Aug. 17, the company intends to raise up to $500,000 through a non-brokered private placement. The proposed terms are to sell flow-through units of the company at a price of 12 cents per FT unit and non-flow-through units of the company at a price of 10 cents per unit.

As announced on Aug. 24, the company has closed the first tranche of the financing for aggregate gross proceeds of $214,250, subject to TSX Venture Exchange approval. Please refer to the news release dated Aug. 17, 2023 for further detail.

The company also announces the resignation of Kristian Whitehead from the board of directors for personal reasons. John Bossio, chairman, stated: "We thank Kristian for his service, insight and incredible work ethic. We wish him the very best in his future endeavours."

About CMC Metals Ltd.

CMC Metals is a growth-stage exploration company focused on opportunities for high-grade polymetallic deposits in Yukon, British Columbia and Newfoundland. The company's polymetallic silver-lead-zinc CRD prospects include the Silver Hart deposit and Blue Heaven claims (the Silver Hart project) and Amy and Silverknife claims in north-central British Columbia. The company's polymetallic projects with potential for copper-silver-gold and other metals, include Terra Nova and Rodney Pond (central Newfoundland) and Terra Nova which has been option to Highbank Mining.

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