CMC Metals Ltd. Closes C$3,151,780 Non-Brokered Private Placement - Seite 2

Mr. John Bossio, Chairman noted, "This financing is a pivotal event for the growth and development of our Company. We were especially pleased with the support provided by the Crescat team and Dr. Quinton Hennigh and funds managed by Sprott Asset Management LP."

Kevin Brewer, President and CEO noted "I would like to thank the efforts of Mark Styles and the Red Cloud Securities team. Through Red Cloud we have for the last year or more been building critical relationships and linkages into the investment community which will help serve us well as we continue to grow and advance wealth generation for our shareholders."

In connection with the Offering, the Company paid finders' fees of C$165,406.18 and issued a total of 523,217 non-transferable warrants (the "Finder's Warrants"), with each Finder's Warrant exercisable into one common share of the Company at a price of C$0.20 at any time on or before April 19, 2024 after the hold period ending on August 20, 2022.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities high graded polymetallic deposits in Yukon, British Columbia and Newfoundland and Labrador. Our silver-lead-zinc prospects in the Rancheria Silver District include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") in Yukon, and Rancheria South, Amy and Silverknife claims (the "Rancheria South Project") in British Columbia. Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

US Securities Act

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.