Mr. Arnab De reports

CANADIAN METALS ANNOUNCES SHARES FOR DEBT SETTLEMENTS

Canadian Metals Inc. has entered into debt settlement agreements related to an aggregate of $1,656,247 outstanding debt -- representing outstanding principal and interest owing from the debentures (as defined herein). In settlement of the debt, the company will issue an aggregate of approximately 6,091,029 common shares in the capital of the company at a deemed price of 24 cents per debt share. The indebtedness relates to outstanding principal and interest owing regarding previously issued unsecured convertible debentures of the corporation issued on Dec. 18, 2020.

All common shares issued in connection with the debt settlement will be subject to a statutory four-month-and-one-day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. The issuance of the debt shares is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the approval of the CSE.

About Canadian Metals Inc.

Canadian Metals is a diversified resource company focused on creating shareholder value through the development of large-scale mineral deposits in specific commodities and safe jurisdictions.

We seek Safe Harbor.