Mr. Steve Hanson reports

SURFACE METALS INC. ANNOUNCES PRIVATE PLACEMENT FINANCING

Surface Metals Inc. has arranged a non-brokered private placement financing of up to 17.4 million units at 5.5 cents per unit for aggregate gross proceeds of up to $957,000. Each unit will comprise one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of seven cents for three years from the closing date of the offering.

The issuer intends to use the proceeds of the offering to finance exploration at the Cimarron gold project and the continuing maintenance and development of its Clayton and Fish Lake Valley lithium brine projects in Nevada, as well as for general working capital purposes.

Finders' fees, including cash and warrants, may be paid on some or all of the offering. All securities that are issued pursuant to the offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.

About Surface Metals Inc.

Surface Metals is a mineral exploration company focused on acquiring, exploring and developing battery and precious metal projects in partnership with leading technology and commodity companies in North America. Surface Metals holds a 90-per-cent interest in the Cimarron gold project in Nye county, Nevada, and through its U.S. subsidiary, ACME Lithium U.S. Inc., is advancing and developing a lithium brine resource at Clayton Lake Valley, Nevada, and holds a sedimentary lithium claystone project at Fish Lake Valley, Nevada. Surface Metals has entered into a strategic exploration agreement with Snow Lake Resources Ltd., a leading partner at a group of lithium projects in the pegmatite region of Shatford, Birse and Cat-Euclid Lakes in southeastern Manitoba.

We seek Safe Harbor.