Mr. Ray Wladichuk reports

SILICON METALS CORP. ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Silicon Metals Corp. has appointed Aeron Kawakami to its board of directors and the audit committee of the company. Mr. Kawakami has over a decade of experience in institutional finance, as well as early-stage public companies. Mr. Kawakami is a former director of Quebec Innovative Materials Corp. (QIMC), and former chief financial officer and director of Tarachi Gold Corp. He currently holds a financial management role with RBC Wealth Management. He is a CFA charterholder and a member of the CFA Society Vancouver.

The company also announces that it has agreed to issue an aggregate of 245,614 common shares to settle debt of $35,000 to certain directors of the company at a deemed price of 14.25 cents, for amounts owed by the company for unpaid services.

Accordingly, the portion of the debt settlement with the directors constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance of the shares to the directors is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) as the value of the shares being issued under the debt settlement does not exceed 25 per cent of the company's market capitalization.

All securities issued in connection with the debt settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102, Resale of Securities.

About Silicon Metals Corp.

Silicon Metals is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The company's Maple Birch project, located approximately 30 kilometres (km) southeast of Sudbury, Ont., is a high-purity quartz pegmatite project with a 3,000-tonne-per-year production permit. The company holds a 100-per-cent interest in the Crystal Hills project, located approximately 40 km north of the city of North Bay, Ont., Canada, which consists of five mineral claims comprising 18 cells totalling approximately 400 hectares. The company also holds an undivided 100-per-cent right, title and interest in the exploration-stage and now fully five-year permitted Ptarmigan silica project, located approximately 130 km from Prince George, B.C. The company has also acquired an undivided 100-per-cent right, title and interest in both the exploration-stage Silica Ridge silica project, located approximately 70 km southeast from the town of MacKenzie, B.C., as well as the exploration-stage Longworth silica project, located approximately 85 km east from Prince George, B.C.

We seek Safe Harbor.