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M3 Metals Completes Consolidation

Corporate Actions

M3 Metals Completes Consolidation

Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) -

M3 Metals Corp. (TSXV: MT)

(OTCQB: MLGCF) (FSE: X0VP)

("M3 Metals" or the "Company") announces that Effective September

16, 2022, M3 Metals will implement the previously announced share consolidation on the basis of one

postconsolidation common share for ten preconsolidation common shares. The share consolidation was

approved by a director's resolution dated August 22, 2022 and the company has received approval from

the TSX Venture Exchange.

Following the share consolidation, the common shares are scheduled to begin trading on a

postconsolidation basis at market open on September 16, 2022. The new Cusip number will be

55379R206, and the new ISIN number will be CA55379R2063. Following the share consolidation, the

company will have approximately 3,274,727 common shares issued and outstanding prior to rounding

for fractional shares.

No fractional shares shall be issued in connection with the share consolidation. Any fractional share

resulting from the share consolidation will be rounded down to the nearest whole number, and any such

fractional interest will be cancelled without consideration.

To find out more about M3 Metals Corp., please contact investor relations at 604-669-2279 or email

[email protected]

. You may also visit the website at

www.m3metalscorp.com

.

M3 Metals Corp.

"Kosta Tsoutsis"

Director

604-669-2279

"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."

Except for historical information contained herein, this news release

contains forward-looking statements that involve risks and uncertainties. Actual results may differ

materially. The Company will not update these forward-looking statements to reflect events or

circumstances after the date hereof. More detailed information about potential factors that could affect

financial results is included in the documents filed from time to time with the Canadian securities

regulatory authorities by the Company.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/137133