Azarga Metals Closes Shares for Debt

FOR IMMEDIATE RELEASE

7 June 2017 TSX-V: AZR

AZARGA METALS CLOSES SHARES FOR DEBT

AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) reports that as announced June 1, 2017, the Company issued a total of 1,224,034 common shares of the Company in settlement of interest on the Loan and the Deferred Payment owing to the minority shareholders of Azarga BVI.

All securities issued are subject to a hold period in Canada expiring October 8, 2017.

About Azarga Metals Corp.

Azarga Metals is a mineral exploration and development company that owns 60% of the Unkur Copper-Silver Project in the Zabaikalsky province in eastern Russia.

AZARGA METALS CORP.

"Dusty Nicol"

Dorian L. (Dusty) Nicol, President and CEO

For further information please contact: Doris Meyer, at +1 604 536-2711 ext 6, or visit www.azargametals.com.

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.

AZARGA METALS CORP.

UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA www.azargametals.com