CMC Metals Ltd. (CMCXF)

[BMGS]

Received feedback today from management on the current status. We will be a producer in 4-6 Weeks!

"Here is a brief update:

Radcliff Mine:
- We have spent the last 2 months upgrading the road to the mine. The road is 7 miles long and goes from Balarat at 600 feet elevation to 6000 feet elevation. Our ore has to be transported down the mountain to Balarat each day. The road is very important.

- We are transporting a crushing plant to Balarat to allow us to pre-crush ore before shipping it to the Bishop Mill. This will allow us to remove part of the crushing plant at Bishop and install more grinding capacity to the mill.

- Our main drift is advancing to the ore zone. We will be in ore and stockpiling ore in 7 to 10 days.

Bishop Mill:
- We have completed excavating the pond. We are contouring the sides to a 2 to 1 slope and getting ready for liner install in 2 weeks. The liner will take 2 weeks to install.
- An additional Vadose well will be drilled next week for monitoring purposes. We now have 6 monitoring wells.
- New assay lab has been installed
- Fabrication of guards for mill equipment has started. New safety standard require guards for MSHA certification.

It's very hot down there, It has slowed us down a bit. We should be operational in 4 to 6 weeks."