Mr. Simon Cheng reports

PATTERSON METALS PROVIDES UPDATE ON PRIVATE PLACEMENT

Patterson Metals Corp. has elected to revise the structure of its previously announced non-brokered private placement. The company will continue to offer up to 3,703,704 units at a price of 27 cents per unit, for gross proceeds of up to $1-million, but the offering will now be available to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions.

Each unit will continue to consist of one common share of the company and one common share purchase warrant entitling the holder to acquire an additional common share at a price of 36 cents for a period of 36 months.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The securities issued pursuant to the offering will not be subject to any statutory hold period in accordance with applicable Canadian securities legislation. No finders' fees or commissions are payable in connection with the offering. Completion of the offering remains subject to the approval of the TSX Venture Exchange.

About Patterson Metals Corp.

Patterson Metals is a mineral exploration company with a focus on uranium. The company creates value for its shareholders by engaging in promising mineral exploration opportunities. Patterson Metals' main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows the company to achieve exceptional shareholder value through the entire life cycle of the mining process.

We seek Safe Harbor.