Mr. John Bossio reports

CMC ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $1,200,000

CMC Metals Ltd. has arranged a non-brokered private placement of non-flow-through units of the company at a price of 3.5 cents per unit for aggregate gross proceeds of up to $1.2-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of five cents for a period of 12 months from issuance.

The company expects to use approximately 85 per cent of the net proceeds from the offering to finance property expenses and exploration at the Gavilanes project in Durango, Mexico, and/or its other exploration projects in Canada, and to use the remainder for general working capital, with less than 5 per cent of the net proceeds used for investor relations activities, as such term is defined in the policies of the TSX Venture Exchange.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX-V. Each finder's warrant will be exercisable into one common share of the company at a price of five cents for 12 months from issuance. 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 the receipt of applicable regulatory approvals, including approval of the TSX-V.

About CMC Metals Ltd.

CMC Metals is a growth-stage exploration company focused on opportunities for high-grade polymetallic deposits in Mexico, Yukon, British Columbia and Newfoundland. The company's new flagship project is the Gavilanes silver-gold project, San Dimas district, Durango, Mexico. CMC Metals' polymetallic silver-lead-zinc CRD (carbonate replacement deposit) prospects in the Rancheria silver district include the Silverknife and Amy projects (British Columbia) as well as the Silver Hart deposit and Blue Heaven claims (Yukon). The company's polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon).

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