Mr. Kevin Brewer reports

CMC METALS LTD. ANNOUNCES TERMS OF PRIVATE PLACEMENT UNITS TO RAISE C$500,000

CMC Metals Ltd. has provided the terms of its proposed non-brokered private placement. The proposed terms are to sell flow-through units of the company at a price of four cents per FT unit for gross proceeds of $400,000 and non-flow-through units of the company at a price of 3.5 cents per unit for gross proceeds of $100,000. The aggregate gross proceeds will be $500,000 and may be increased up to $750,000. Red Cloud Securities Inc. and other agents will be acting as finder on behalf of the company in relation to the offering. A new corporate presentation has been placed in the company website and interested participants are encouraged to contact the company president and chief executive officer, Kevin Brewer, for further information.

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-half of one transferrable non-flow-through share purchase warrant. Each unit will consist of one common share of the company and one warrant. Each whole warrant will entitle the holder thereof to acquire one non-flow-through common share of the company at a price of seven 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 and Silver Hart properties in the Rancheria silver district (Yukon/British Columbia), potentially limited activities at Logjam (Yukon) and Bridal Veil (Newfoundland and Labrador), and the net proceeds from the sale of NFT units will be used for general working capital.

The company may pay finders' fees comprised of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the finder's warrants will be the same as the warrants distributed in the FT units and the NFT units. 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 British Columbia, Yukon and Newfoundland. Itsr 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). The company's 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.

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