Canada Strategic Metals Inc. announced that the change of role in its management team. It has been jointly agreed that Mr. Romary will no longer serve as President and will be replaced by Mr. Jean-Sébastien Lavallée. Mr. Romary will remain close to the company in the capacity of financial consultant.

The company reported preliminary results of the helicopter-borne magnetic and time-domain electromagnetic (TDEM) survey performed by Prospectair Geosurveys over the New Gold Property during the month of June 2015. The survey was successful in detecting series of EM conductors dispersed in the vicinity of the northern edge of a wide magnetic anomaly. The EM anomalies are not very strong and are of limited extents, which is very similar to the EM response associated to the series of gold bearing showings found in the surroundings of the past producing Eastmain Mine, as can be seen on the VTEM results collected in 2005 in the area (Sigeom reference GM62979). The high-resolution magnetic results are also very interesting. A wide, long wavelength, magnetic anomaly trending ENE-WSW is found in the middle of the Property, extending much further outside of it as can be seen on public regional magnetic data, and is interpreted to be caused by mafic/ultramafic rocks at some depth, with possible sub-outcropping expression locally. In addition, a very strong magnetic dyke striking NNW-SSE is interpreted to cross the Property in the middle. Since the magnetic signal changes abruptly, both in amplitude and wavelength, on each sides of the interpreted dyke, this dyke was likely emplaced within a regional fault structure. It is worth noting that this strong regional magnetic dyke extends for at least 50km and crosses Eastmain Resources' Ruby Hill Property some 15km further to the northwest of the New Gold Property. Several gold mineralized showings are found in the Ruby Hill Property, within a few kilometers of this same structure. These showings are also found at the northern edge of a wide ENE-WSW trending magnetic anomaly associated to mafic/ultramafic intrusive and volcanic rocks. The very similar signature found in the New Gold area increases its potential for gold exploration. Ultramafic rocks are also found in close proximity to gold mineralization at the Eastmain Mine, and have been thought to play a role in the Eastmain deposit genesis (Couture, 1993). Overall, the EM anomalies and the interpreted geological context of the New Gold Property are considered highly prospective, and follow-up work is planned for later in the summer as a result.