Canadian Metals issues shares for debt settlement

Canadian Metals Inc. CSE: CME

Canadian Metals Announces Shares for Debt Settlement

March 18, 2020 Montréal, Québec. - Canadian Metals Inc. (“CME” or the “Company”)

(CSE: CME) announces that it has entered into debt settlement agreements with arms -

length parties (the "Creditors") to settle an aggregate C$141,975 in debt (the "Debt"). In

settlement of the Debt, the Company will issue an aggregate of 567,901 common shares

in the capital of the Company (the "Debt Shares") at a deemed price of C$0.25 per Debt

Share (the "Debt Settlement").

The Debt will be completely satisfied and extinguished upon the issuance of the Debt

Shares.

All securities issued in connection with the Debt Settlement are subject to a statutory hold

period of four months plus a day from the date of issuance in accordance with applicable

securities legislation.

Closing of the Debt Settlement is subject to a number of conditions, including receipt of all

necessary corporate and regulatory approvals, including the Canadian Securities

Exchange.

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:

Stéphane Leblanc

Vice President Corporate Development

Email: : [email protected]

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of

this release.