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File: 2017-01-03 Closing of FT PP.docx

TSXV: CRF 
 OTCQX: CORMF
 FWB: 2CM
Closing of Flow Through Private Placement
Vancouver B.C., January 3, 2018 - Coronet Metals Inc. (the "Company") is pleased to announce that, the Company has com
--->pleted a non-brokered private placement (the "Offering") of 11,025,000 flow-through shares ("Flow-Through Shares") at 
--->a subscription price of $0.20 per Flow-Through Share for gross proceeds to the Company of $2,205,000.   Each Flow-Thro
--->ugh Share has been issued within the meaning in the Income Tax Act (Canada) therefore proceeds from this Offering will
---> be used on qualifying Canadian Exploration Expenditures pursuant to the Income Tax Act (Canada).  The Flow-Through Sh
--->ares issued in connection with this Offering will be subject to a statutory hold period of four months and one day. 
No finders fee has been paid in connection with this Offering. 

FOR FURTHER INFORMATION AND ENQUIRIES: 

Theo van der Linde 
President and CEO 
Tel: +1 604-336-3193 
Email: tvanderlinde@coronetmetals.com

Forward Looking Information 

This news release contains forward-looking statements and other statements that are not historical facts. Forward-look
--->ing statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expr
--->essions. All statements other than statements of historical fact included in this release are forward-looking statemen
--->ts that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and 
--->actual results and future events could differ materially from those anticipated in such statements. Important factors 
--->that could cause actual results to differ materially from the Company's expectations are risks detailed from time to t
--->ime in the filings made by the Company with securities regulations. 

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be in
--->correct. Events or circumstances may cause actual results to differ materially from those predicted, as a result of nu
--->merous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
---> As a result, the Company cannot guarantee that any forward-looking statement will materialize and the reader is cauti
--->oned not to place undue reliance on any forward-looking information. Such information, although considered reasonable 
--->by management at the time of preparation, may prove to be incorrect and actual results may differ materially from thos
--->e anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary st
--->atement. The forward-looking statements contained in this news release are made as of the date of this news release an
--->d the Company will only update or revise publicly any of the included forward-looking statements as expressly required
---> by Canadian securities law. 

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.