Red Hut Issues Shares to Settle Debt

August 22, 2016 Trading Symbol: ROB

News Release

Red Hut Issues Shares to Settle Debt

Vancouver, British Columbia – Further to its news release of August 2, 2016, Red Hut Metals Inc. (TSXV:ROB) (“Red Hut” or the “Company”) announces that it has issued 1,422,850 shares at a deemed value of $0.15 per share in full and complete settlement of outstanding debt in the aggregate amount of $213,427.55 owed to five creditors, four of whom are directors of the Company or controlled by a director of the Company.

Shares issued in connection with the debt settlement are subject to a four month hold period, expiring on December 20, 2016.

With the completion of the debt settlement, there are approximately 8,372,851 common shares issued and outstanding, subject to adjustments for fractional shares following the Company’s recent share consolidation.

ON BEHALF OF THE BOARD

Signed “Robert Eadie”

Robert Eadie, President, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936 Website: www.redhutmetals.com Contact: Robert Eadie

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Suite 750, 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935  Fax: (604) 602-4936  E-mail: [email protected]  Website: www.redhutmetals.com