Mr. Kevin Brewer reports

CMC RELEASES A NEW VALUATION REPORT

CMC Metals Ltd. is releasing a new valuation report of its company, recently received and prepared by Fundamental Research Ltd. (FRC) of Vancouver. FRC was contracted by the company in 2023 to produce review reports, and this work is a completion on that project.

The FRC report provides an overview of the company's activities, plans and recent deals. Although not mentioned in the report, the sale of the gold processing facility in Bishop, Calif., is incorporated into FRC's valuation. The report will be posted on the company's website, under investors and analyst reports, or can be made available by sending a request to the company.

Kevin Brewer, president and chief executive officer of CMC, noted: "The valuation presents a compelling case for investment in our company. Like many juniors in this current market, we are currently significantly undervalued according to FRC's calculations. Companies like ours are important as we are the early-stage explorers. We work to discover deposits and can generate significant value with success. It is hard work but a critical part of our sector that deserves more recognition as microcaps like CMC present the potential for significant value generation. Our plan released yesterday is solid, practical, manageable and created after considerable thought and data review. Yes we need cash -- but CMC's unique position that we will receive cash from our deals in 2024 and we will have the ability to monetize some of our assets to raise finances for the 2025 exploration season. In that regard, we hope the current valuation persuades investors that our company is a good target for investment in 2025."

About CMC Metals Ltd.

CMC Metals is a growth-stage exploration company focused on the exploration of high-grade silver-lead-zinc critical mineral carbonate replacement and skarn deposits in the Rancheria silver district in Northern British Columbia and Yukon. The company's properties include the flagship Silverknife project, which is immediately adjacent to Coeur Mining's Silvertip deposit, one of the highest-grade underground CRD (carbonate replacement deposit) vein deposits in the world, the Silver Hart deposit and Blue Heaven claims (Yukon), and the Amy claims (north-central British Columbia). Other polymetallic projects in its portfolio and available for option include the Bridal Veil (Newfoundland), which is an orogenic gold target, and silver-gold target Logjam (Yukon) possibly with porphyritic association.

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