CMC Metals TSXV:CMB Stock Report

CMC Metals Ltd. Announce First Field Crews Have Been Mobilized to the Silver Hart Property, Yukon

CMC Metals Ltd. announce that the first field crews have been mobilized to the Silver Hart Property, Yukon, to prepare for the largest drill program on that property to date. Significant improvements are being made to the camp to support the 2022 exploration program and a camp is also being established to support exploration of the properties in British Columbia. At flagship Silver Hart Property the access road has been reopened after some challenging conditions related to record snow levels and high freshet runoff conditions. The drill is being mobilized to site and geological crew will be at site later this week. Highlights of the proposed program at Silver Hart are as follows: This will be CMC's largest drill program to date with an estimated 5,000 meters of drilling planned for this season, focussed on exploring major carbonate replacement ("CRD") targets at Silver Hart. The primary targets are T1 and T4 which have been described in previous news releases. These are very significant targets. An extensive geochemical soil and rock sampling program will be conducted on all conductor targets and to expand on previously identified anomalies. Drill core and soil/rock samples will be examined using X-ray diffraction technologies ("XRF') to guide ongoing sampling efforts in real time prior to samples being submitted for assay. This is being done to try and provide better guidance to the exploration team to deal with the ongoing problems of delays in receiving assays from testing facilities. CMC has and continues to work on identifying options for improved turnaround times from assay facilities.

CMC Announces the Identification of a Significant Area of Exploration Interest at Its Rodney Pond Property, Central Newfoundland

CMC Metals Ltd. announced that preliminary exploration efforts at its Rodney Pond, Central Newfoundland have identified a large area of exploration interest and as a result it is deemed a property of merit. The nature of mineralization and alteration on the property is considered to be indicative of a porphyritic style setting. The mineralization in Rodney Pond comprises of several parallel quartz veins emplaced in a compact gneiss that strike in a northwesterly direction and occurs within an alteration area with dimensions of 2.5 kilometers by 1.2 kilometers in size that remains open in all directions. Rodney Pond is located within the Gander Zone in Central Newfoundland, an area of which is subject to several major exploration programs including Newfound Gold's Queensway Gold Project. Structural controls indicate northeast oriented structures which are thought to provide opportunity for the emplacement of an intrusive body and related mineralization. A recent ground magnetic survey completed over the entire property by the Company further infers that the mineralization could be associated with a possible fault system and/or associated with an intrusive. The Rodney Pond Prospect is located on a high and low magnetic contrast envelope that is comparable to the setting of the highly prospective "GRUB line".

CMC Metals Ltd. Announces Appointment of Brigido Campillo as a New Chief Geologist

CMC Metals Ltd. Appoints Douglas Coleman to Board of Directors

CMC Metals Ltd. announced that Mr. Douglas Coleman has agreed to join the Board of Directors of CMC Metals Ltd. His skill sets will be particularly useful as the Company is advancing several significant exploration efforts in Yukon and British Columbia in geological environments similar to many areas previously worked by Mr. Coleman. Mr. Coleman ("Douglas") is an experienced executive and geological engineer with over 30 years of experience in the mineral sector and in particular Mexico. He is currently the co-founder, President and CEO of Mexico Mining Center, which is the digital media serving the Mexican mining community and which hosts the Annual Discoveries Mining Conference which is recognized as one of the best technical conferences in Latin America focussed on mining exploration, innovation and development. Douglas is also the Director of Business Development for Layne, a granite company, and is a Member of the Society of Economic Geologists Inc. ("SEG') where he also acts as the Regional Vice President for Mexico, Central America and the Caribbean. Douglas has also held numerous senior geological, engineering, and operations management roles with Riverside Resources Inc., GlobeExplore Drilling S.A. de C.V., Tiger Drilling, Dateline Drilling, Newmont Exploration and Wharf Resources.

Insufficient new directors

No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. CEO, President & Director Kevin Brewer was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.