CMC Metals Ltd. (CMCXF)

[BMGS]

News Release - Sale of Silver Hart Ore
Wednesday, December 05, 2012
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has entered into a Contract for the sale of 800 tonnes of ore from its Silver Hart Property to a Chinese purchaser. The purchaser has posted a Letter of Credit backing the initial delivery of 100 tonnes of ore.

The Company further wishes to announce that it has completed its previously announced private placement (see press releases dated October 17, 2012, November 7, 2012 and November 22, 2012) of 4,900,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $490,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share in the capital of the Company (a "Share") at a price of $0.12 per Share for a period of two years expiring November 30, 2014. A finder's fee equal to 2% of the total proceeds raised pursuant to this transaction was paid. All securities issued on the closing of this placement are subject to a hold period which expires March 30, 2013. The proceeds from this placement will be used for work performed on the Silver Hart and Bishop Mill properties, as well as general working capital.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

"Michael C. Scholz"
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Michael C. Scholz
CMC METALS LTD.