Red Hut Approves Debt Settlement

August 2, 2016 Trading Symbol: ROB

News Release

Red Hut Approves Debt Settlement

Vancouver, British Columbia – Red Hut Metals Inc. (TSXV:ROB) (“Red Hut” or the “Company”) announces that it has agreed to settle $233,875 in outstanding debt to various creditors, including certain directors and officers of the Company, through the issuance of 1,559,167 shares at a deemed value of $0.15 per share. The debt settlement is subject to approval by the TSX Venture Exchange. Shares issued in connection with the debt settlement will be subject to a four-month hold period.

Upon completion of the debt settlement, it is expected that there will be approximately 8,509,168 common shares issued and outstanding.

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