Canadian Metals Announces Leadership Transition of Mr. Beat Frei Appointed Interim President and Chief Executive Officer

Canadian Metals Inc. CSE: CME

Canadian Metals Announces Leadership Transition of Mr. Beat Frei Appointed Interim President

and Chief Executive Officer

August 23, 2022, Montréal, Québec. - Canadian Metals Inc. (“CME” or the “Corporation”) (CSE: CME)

announces the appointment of Mr. Beat Frei, as its Interim President and Chief Executive Officer, replacing

Mr. Stephane Leblanc.

Mr. Frei, who has been involved with the Corporation since 2020 as Vice President Development and

Project Finance, has over 20 years experience as a Director with Credit Suisse, holding various positions

in Domestic and International Finance, Export Financing and Structured / Project Finance including Head

of Export Finance and Representative for countries in the Middle East and the FSU. He has also been

Head of Finance and Development at Champion Iron and was instrumental in the acquisition and

restart of Bloom Lake which led to the success of the company.

He is the founder of Comfortra, a financial advisor to the commodities sector, which has consulted with

companies in Europe, Middle East and CIS on structured trades and project financing. Across the years,

Comfortra helped its clients raise approximately US$ 2 billion of capital (both debt and equity) across

various projects.

Michel Gagnon, Chairman of the board of directors of the Corporation, stated: “The Board of Directors is

very pleased to welcome Mr. Frei to his new role with CME. He is well aligned with the corporation and

his leadership skills and capabilities will be beneficial for the shareholders.

About Canadian Metals Inc.

Canadian Metals is a diversified resource company focused on creating shareholder value through the

development of large-scale mineral deposits in specific commodities and safe jurisdictions.

For more information, please contact:

Michel Gagnon

On behalf of the Board of Directors

Website: www.canadianmetalsinc.com

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of this release.

The statements in this news release that are not historical facts are “forward -looking statements”. Readers are

cautioned that any such statements are not guarantees of future performance, and that actual developments or results

may vary materially from those described in such “forward-looking” statements.