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File: Prim - Blue Lagoon LOI (Apr 22-19).docx


PRIMARY ENERGY METALS ENTERS INTO AGREEMENT TO SELL RD GOLD / COBALT PROPERTIES IN HAZELTON BRITISH COLUMBIA
VANCOUVER, BC, CANADA (APRIL 22nd 2019) - Primary Energy Metals Inc. (CSE: Prim FSE: 1WZ:GR OTC: PEMTD-0) ("Primary" o
--->r the "Company") is pleased to announce it has signed an arm's length letter of agreement ("LOA") with Blue Lagoon Cap
--->ital Inc. ("Blue Lagoon"), pursuant to which Blue Lagoon will have the right to acquire the Company's RD Gold/Cobalt P
--->roperties. In consideration for the acquisition, Blue Lagoon will make cash payments totaling $25,000, with $15,000 on
---> execution of the LOA.

Primary has the mining rights to the RD Gold/Cobalt Property, which is located in west central British Columbia, Canad
--->a, in the Hazelton area, on NTS map sheet 093M03 (BCGS map sheets 093M012, 013, 022, and 023). The area lies at the no
--->rth end of the Rocher Deboule Range, near the junction of the Bulkley and Skeena Rivers.  The Property comprises five 
--->contiguous mineral claims that cover an area of approximately 7,327.32ha.

Completion of the transaction with Blue Lagoon is subject to completion of filings with the Canadian Securities Exchan
--->ge, confirmation as to title to the RD Cobalt Property and negotiation of a definitive agreement with Blue Lagoon.
About Primary 
PRIMARY ENERGY METALS INC. (CSE: PRIM FSE: 1WZ:GR OTC: PEMTD-O) is a listed company on the Canadian Stock Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS  Patrick Morris 
CEO and President
Telephone: +1 778-735-1000
E-mail: info@primaryenergymetals.com 
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
---> of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. 
Forward Looking Statements 
Certain information set forth in this news release may contain forward-looking statements that involve substantial kno
--->wn and unknown risks and uncertainties. All statements other than statements of historical fact are forward- looking s
--->tatements, including, without limitation, statements regarding future financial position, business strategy, use of pr
--->oceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co- operatio
--->ns, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects mana
--->gement's current beliefs and is based on information currently available to management. Often, but not always, forward
--->-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "schedu
--->led", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (i
--->ncluding negative variations) of such words and phrases or may be identified by statements to the effect that certain 
--->actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unk
--->nown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any 
--->future results or performance expressed or implied by the forward-looking information. These forward-looking statement
--->s are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, b
--->ut not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory appro
--->vals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reas
--->onable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forw
--->ard-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements,
---> whether as a result of new information, future events, or otherwise, except as required by securities laws.