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| September 30, 2008 5,000,000 Unit Flow-Through Private Placement | |
| Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has agreed to issue up to 5,000,000 Units at $0.25 per unit, each unit consisting of one flow-through common share and one share purchase warrant. Two warrants will be exercisable for one additional non-flow-through common share at $0.35 per share for a period of twelve months. The proceeds of this private placement will be used to pay for the continued work program on the Company's properties both in British Columbia and the Yukon. A finder's fee may be payable in relation to this private placement. This transaction is subject to TSX Venture Exchange approval. The Company also wishes to announce that it will reduce the exercise price of a total 2,000,000 Warrants expiring December 28, 2008, as to 999,999 shares, and December 31, 2008, as to 1,000,001 shares, from $0.80 per share to $0.50 per share, and amend the terms of the Warrants to extend the expiry date to June 30, 2009, subject to TSX Venture Exchange approval. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On behalf of the Board: "Don Wedman" Don Wedman, P.Eng. CEO CMC METALS LTD. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. | |
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