Ms. Brooklyn Reed reports

MOLTEN METALS CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Molten Metals Corp. has arranged a non-brokered private placement of up to 6.25 million units at a price of eight cents per unit for gross proceeds of up to $500,000. Each unit consists of one common share of the company and one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the company at a price of 18 cents per share for two years from the date of the closing of the offering, provided that if, at any time prior to expiration of the warrants, the company's shares trade on the Canadian Securities Exchange at or above 30 cents per share for a period of 10 consecutive days, the company may, by issuing a news release or by providing written notice to the warrant holders, reduce the exercise period to 30 days from the date of such notice.

The company may pay finders' fees in connection with the financing. Securities issued under the financing will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The company intends to use the proceeds for general working capital and for advancing its projects with a particular focus on the Trojarova antimony-gold project. Consequently, a significant portion of the capital raised will be used to produce a preliminary economic assessment on Trojarova. The work will be undertaken by DMT and may require a preliminary exploration program, which will include reopening and expanding the Trojarova adit.

Previous exploration programs on Trojarova undertaken in 1992 under the Soviet system suggested that there was 831,000 tonnes of resource at 5.645 per cent Sb and 0.676 gram per tonne Au. The aim of this program would be to substantiate these findings. If successful, Molten Metals would be home to one of the largest undeveloped antimony mines globally.

More information on the use of funds

Part of the funds raised will be used to advance Trojarova. The exploration program for Trojarova will be carried out by DMT Group Natural Resources Consulting Services (Germany) in two stages.

Stage 1 -- Data compilation, review and preparation 3-D geological and block models of the deposit based on existing historic data

These models will be prepared to show the various veins and metals (antimony and gold) so that a formal assessment of the deposit size and grade(s) can be made by DMT to assess the potential mining viability, ideally (assuming it is safe underground) samples are to be taken from locations that can be properly referenced within the structure of the orebody.

DMT will prepare a 3-D geological model and a mineral resource estimate based on a block model and following best industry practices. This model is expected to, inter alia, provide Molten Metals with a level of confidence to go to the next stage.

In addition, the block model will assist in planning for a twinning or infill drilling program and most critically will inform Molten Metals, how and where representative bulk samples can be collected and composited for ore characterization and processing metallurgical testwork.

Stage 2 -- preliminary economic assessment

The PEA is an assessment of the mine/process plant viability (at a relatively high level) using the information from stage 1 and will include base-case information on capex (capital expenditure) for achieving production, opex (operating expenditure) estimates on how the min/process plant would operate, recoveries, metal to be produced and potential sales values.

The PEA would include an outline mine plan and information on preproduction capex, LoM (life of mine) sustaining capital, mine life and cash flow, as well as details on processing and production methods and rates.

Typically PEAs include information on project economics at various metal pricing levels, given that there are several high-value metals contained in the raw ore.

In summary, the PEA will include a discounted cash flow financial model showing economic viability and key financial indicators (for example, NPV (net present value), IRR (internal rate of return) and payback period) using historic data and following either National Instrument 43-101 or JORC (Joint Ore Reserves Committee) guidelines.

Should the PEA prove the project to be viable, Molten Metals will move toward calculating a resource estimate on the whole property which, once finalized, will allow the company to apply for a mining licence.

About Molten Metals Corp

Molten Metals is a mining company exploring for and developing antimony projects. Antimony is a critical element with many industrial applications.

We seek Safe Harbor.