Mr. John Bossio reports

CMC ANNOUNCES CHANGE OF AUDITOR

CMC Metals Ltd. has changed its auditor from Crowe MacKay LLP to Green Growth CPAs. The former auditor resigned as the auditor of the company, effective Oct. 18, 2023, and the board of directors of the company appointed the successor auditor on Oct. 18, 2023, until the next annual shareholder meeting of the company.

The company's board of directors and audit committee each approved the resignation of the former auditor and the appointment of the successor auditor in place of the former auditor. There were no reservations, modified opinions or reportable events (as defined in National Instrument 51-102) in connection with each of the former auditor's audit of the company, which occurred prior to the resignation as auditor of the company; and the notice of change of auditor was approved by the company's board of directors.

In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, has been reviewed by the audit committee and the board of directors, and has been filed on SEDAR+.

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. Its polymetallic silver-lead-zinc carbonate replacement deposit prospects include the Silver Hart deposit and Blue Heaven claims and Amy and Silverknife claims in north-central British Columbia. Its 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 optioned to Highbank Mining.

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