February 24, 2015 Increase and Closing of 12,500,000 Unit Private Placement @ $0.04 per Unit / Grant of Incentive Stock Option Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has increased its originally announced 12,500,000 Unit private placement as announced pursuant to its January 22, 2015 press release, to 13,087,500 Units and closed this transaction having received TSX Venture Exchange approval. The terms of the placement remained unchanged offered at $0.04 per Unit for aggregate gross proceeds of $523,500 for the total 13,087,500 Units. Each Unit consists of one common share and one transferable share purchase warrant with each one warrant exercisable for one additional common share of the Company at $0.05 per share for a two year period expiring February 24, 2015. The funds derived from this placement will be used towards the Company's payables and ongoing operations in the US of approximately $300,000, which includes installation of the pond liner at the Bishop Mill, and payroll requirements at the Bishop Mill and Radcliff Property, with the remaining balance to be used towards Canadian payables and towards working capital. There is a finder's fee payable of $7,480 equal to 1.43% of the total proceeds raised from this placement, together with broker's warrants for 187,000 Warrant Shares issuable on the same terms and conditions as this placement. The Company further wishes to announce that it has granted 1,000,000 common shares pursuant to incentive stock options under the Company's Rolling Stock Option Plan, which Plan received shareholder approval at its last Annual General Meeting held August 19, 2014. The options granted will be set for a two year period expiring February 24, 2017 at the exercise price of $0.05 per share. This transaction is subject to TSX Venture Exchange approval. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On behalf of the Board: "Jack Bal"
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