CMC Metals Identifies High Grade Silver-Lead-Zinc-Stibnite Samples at its Amy Property, British Columbia

Vancouver - CMC Metals Ltd. (TSX-V: CMB) (Frankfurt: ZM5N) (CMCZF: OTC PINKS) ('CMC' or the 'Company') is pleased to announce that recent exploration has identified high grade polymetallic samples at its Amy property in northern British Columbia.

During a brief reconnaissance of the property at the end of the 2021 exploration season. The Amy Property is road accessible and located only 8 kilometers west of the Silvertip mine and mill owned by Coeur Mining Limited in the southern part of the Rancheria Silver District. The property was subjected to considerable exploration in the 1960-1985 period that included adit development, the discovery of the Amy prospect, exploration drilling, numerous mineralized areas, and an anomalous area in excess of 4 kilometers in strike length with widths from 300-1,300 meters.

Mr. Kevin Brewer, President and CEO noted, 'We are very excited about the potential of the Amy Property, and we now intend to advance the project to the drill-ready stage. Historical work demonstrated that Amy has the potential to host a high-grade carbonate replacement deposit ('CRD'). The presence of stibnite in the sampling has pleasantly surprised us and we will be studying that closely. Our limited reconnaissance efforts confirmed that extensive mineralization exists at the surface and from material that came out of the adits. We are now intending to initiate a detailed compilation of the data relating to the property from extensive prospecting, geological mapping, geochemical sampling and geophysical surveys to prepare for advanced exploration efforts on the property in 2022. Permits will be filed with the Government of British Columbia for upgrading of the access roads to the site, trenching, and drilling.

Mr. John Bossio, Chairperson noted, 'Being in such close geographic proximity to a silver-lead-zinc mill Amy has become a very attractive target for CMC. This project has the right geology, the right geophysics, and is in the right place. It has great exploration potential to host a significant high-grade silver-base metal deposit in the Rancheria Silver District. Our focus at Amy will be resource definition and medium- term development. Once we take the project to drill-ready stage we will entertain a possible joint venture as our main focus remains the flagship Silver Hart project.'

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities high graded polymetallic deposits in Yukon, British Columbia and Newfoundland and Labrador. Our silver-lead-zinc prospects in the Rancheria Silver District include the Silver Hart Deposit and Blue Heaven claims (the 'Silver Hart Project') in Yukon, and Rancheria South, Amy and Silverknife claims (the 'Rancheria South Project') in British Columbia. Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

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Kevin Brewer

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