Mr. John Bossio reports

CMC RAISES C$249,998 BY FLOW THROUGH PRIVATE PLACEMENT

CMC Metals Ltd. has raised $249,998 by way of a non-brokered flow-through private placement. One placee purchased 3,571,400 flow-through (FT) units at a price of seven cents per unit, subject to TSX Venture Exchange approval.

Each FT unit will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one transferable non-flow-through share purchase warrant. Each unit will consist of one common share of the company and one warrant. Each warrant will entitle the holder thereof to acquire one non-flow-through common share of the company at a price of 10 cents per warrant share for a period of 24 months from the closing date of the offering.

Proceeds from the sale of FT shares to eligible investors in Canada will be used to incur Canadian exploration expenses and flow-through mining expenditures as these terms are defined in the Income Tax Act (Canada). Such proceeds will be renounced to the subscribers with an effective date not later than Dec. 31, 2024, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT shares.

The net proceeds from the sale of FT units will be used to finance the company's exploration program at its Silverknife, Amy, Silver Hart projects in the Rancheria silver district (Yukon/British Columbia), and the Bridal Veil project in Newfoundland.

Red Cloud Securities Inc. acted as a finder on behalf of the company in relation to the offering and will be compensated with $14,999.88 and 214,284 non-transferable finder's warrants priced at 10 cents for a period of 24 months from the closing date of the offering. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions, including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

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, and the Amy and Silverknife claims in north-central British Columbia. Located in Newfoundland, the company's Bridal Veil project has potential for copper, silver, gold and other metals.

We seek Safe Harbor.