Mr. John Bossio reports

CMC WELCOMES NORTH BAY RESOURCES INC. PURCHASE OF 55.5% OF 0877887 B.C. LTD AND ITS GOLD PROCESSING MILL IN BISHOP, CA, USA AND DIRECTOR RESIGNATION

CMC Metals Ltd. has entered into a share purchase agreement with North Bay Resources Inc. (NBRI) to acquire 55.5 per cent of its former subsidiary company 0877887 B.C. Ltd. (087 B.C.) and all of assets, rights, and responsibilities of the Bishop mill, located in California, United States from 1436132 B.C. Ltd. (the original purchaser of 087), a private Canadian company.

Within this transaction, NBRI acquires 55.5% of 087 by assuming the amended cash payment and common share transfers to CMC as follows:

Cash Payments

US $12,500 payable on signing

US $12,500 payable on May 1, 2024

US $12,500 payable on June 1, 2024

US $12,500 payable on July 1, 2024

US $50,000 payable on or before July 11, 2024

Share Payments

$200,000 CAD in common shares of NBRI to be delivered on signing

$200,000 CAD in common shares of NBRI to be delivered on or before July 11, 2024

1436132 BC Ltd. still remains responsible for the remaining payments and share transactions to acquire a 100% interest of 087 from CMC as announced on September 19, 2023 and November 1, 2023 (see releases in www.cmcmetals.ca). NBRI now becomes the operator of the project.

The primary asset of 087 BC is the Bishop Mill, located six miles north of Bishop, Inyo County, California. The mill has a flotation circuit designed to process up to 96 tons per day. NBRI and 1436132 B.C. Ltd. proposes to operate the Bishop Mill in the near to medium term. The mill is currently permitted for operation subject to various conditions and minor infrastructure completions.

Mr. Kevin Brewer, President and CEO noted that "We are very pleased to have North Bay Resources Inc. enter into this arrangement as it will enable the parties to collectively implement an operational plan for the Bishop Mill. Having a public company enter into the arrangement strengthens the deal. CMC is committed to working with this team to help them succeed as their success is our success."

The Company also notes the resignation of Mr. Robert Wheeler as a Director. Robert has decided to fully retire and plans to spend more time with family.

Mr. John Bossio, Chairman noted "Robert is one of the longest, if not the longest, serving Directors of CMC. We thank him for his significant contributions. We wish Robert and his family the best in his retirement."

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.

We seek Safe Harbor.