Bathurst Increases Financing

December 2, 2021 PRESS RELEASE TSX-V: BMV

Bathurst Increases Financing

Vancouver, British Columbia (December 2, 2021) – Bathurst Metals Corp. (TSXV:

BMV) (“Bathurst” or the “Company”) today announced it has increased its previously

announced non-brokered private placement from 4,000,000 units to 5,000,000 units at a

price of $0.10 per unit (the “Placement”).

The Company originally announced an offering of 3,000,000 units but increased it to

4,000,000 due to strong demand. In response to continued strong demand, the Company

is now further increasing the offering to 5,000,000 units.

In all other respects, the terms of the Placement will be as announced on October 5, 2021

and October 14, 2021.

On behalf of the Board of Directors

“Harold Forzley”

CEO

Bathurst Metals Corp.

For more information contact Harold Forzley, CEO

Neither 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.

Forward Looking Statements

Certain of the statements made and information contained herein may contain forward-

looking information within the meaning of applicable Canadian securities laws. Forward-

looking information includes, but is not limited to, information concerning the Company’s

intentions with respect to the development of its mineral properties. Forward-looking

information is based on the views, opinions, intentions and estimates of management at

the date the information is made, and is based on a number of assumptions and subject

to a variety of risks and uncertainties and other factors that could cause actual events or

results to differ materially from those anticipated or projected in the forward-looking

information (including the actions of other parties who have agreed to do certain things

and the approval of certain regulatory bodies). Many of these assumptions are based on

factors and events that are not within the control of the Company and there is no

assurance they will prove to be correct. There can be no assurance that forward-looking

information will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such information. The Company undertakes no

obligation to update forward-looking information if circumstances or management’s

estimates or opinions should change except as required by applicable securities laws, or

to comment on analyses, expectations or statements made by third parties in respect of

the Company, its financial or operating results or its securities. The reader is cautioned

not to place undue reliance on forward-looking information.

BATHURST METALS CORP.

665 DOUGALL ROAD, GIBSONS BC

WWW.BATHURSTMETALS.COM