Mr. John Ulmer reports

WESTERN MAGNESIUM COMPLETES DEFINITIVE AGREEMENT WITH CCMA, LLC

The memorandum of understanding (MOU) Western Magnesium Corp. recently signed with CCMA LLC has been turned into a definitive agreement.

CCMA will work with the company's technical team to develop and identify demand for magnesium new alloys for various industries, such as automotive, aerospace, eco-friendly tech companies and the Department of Defense. Through this definitive agreement, CCMA is securing 25,000 metric tonnes for purchase from future production from the company's main plant.

Based in New York, CCMA has emerged as an independent, knowledgeable and innovative trading house focused on metals, alloys and other raw materials. With its years of experience in the magnesium industry CCMA is a catalyst for global trade, efficiently bridging producers and consumers of raw material commodities. This agreement will combine Western Magnesium's current commercial-scale pilot production with CCMA's vast market knowledge, to provide the company with target products and customers in different industries throughout the United States and eventually the world market.

CCMA will manage the global sales, logistics, financing and marketing of Western Magnesium products, from the new plant through to the final consumers. CCMA's familiarity with consumers of commodities makes them an ideal channel for Western Magnesium. CCMA will begin to secure purchase orders from its established client base in various industries for the magnesium metal samples produced from the commercial pilot plant. This will include the securing of magnesium metal and alloy supply from Western Magnesium's full-scale commercial facility, starting with end-users in the United States such as the automotive, aluminum, die cast and aerospace industries, as well as eco-friendly technology companies.

Sam Ataya, executive president and chief executive officer, said: "This definitive agreement reflects the growing demand for magnesium metal within various industries, and CCMA's desire to secure our future production shows this critical metal is in high demand and limited supply. By obtaining letters of intent to purchase product once full commercial production comes on-line, Western Magnesium can focus on the buildout of is commercial plant and being the main domestic supplier of green magnesium metal for the U.S. military and industry."

CCMA is very excited to co-operate with Western Magnesium on this project. CCMA's customers are eager to be supplied with this new source of magnesium.

About CCMA LLC

With roots in the production of raw materials for metallurgy in North America, CCMA's expertise in the supply chain for industry stretches back a generation. In the new global economy, CCMA has emerged as an independent, knowledgeable and innovative trading house focused on metals, alloys and other raw materials. They are a catalyst for global trade, efficiently bridging producers and consumers of raw material commodities. CCMA's expertise in commodity markets and access to end-users gives them strength and creates value for its partners.

About Western Magnesium Corp.

Western Magnesium's goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and light weight. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labour and energy costs relative to current methods and processes, while being environmentally friendly.

We seek Safe Harbor.