CME Canadian Metals Inc

Canadian Metals (the "Company") (CNSX:CME) is pleased to announce the signature
of an agreement to acquire 100% of the rights to the Langis silica deposit. The
property is located in the regional country municipality of Matapedia, 30 km
north of Amqui. The data compilation clearly demonstrates the deposit's
production potential and the quality of the silica.


The Company also plans to conduct characterization studies to verify the data.
"Our technical team is proud to be able to help start this project and speed up
the characterization process required to validate the historic data. With the
drilling we are planning to do over the next weeks, in addition to metallurgic
tests, this historic work will provide an excellent database and additional
confirmation for the production of an NI 43-101 technical report", explained
Stephane Leblanc, President and CEO of Canadian Metals Inc.


The Transaction

Under the terms of the agreement between the Company and the Seller, the Company
will acquire a 100% interest in the Langis property in exchange for 2,500,000
warrants on signature, as well as 3.0% of the net smelter return (NSR) royalties
and 7% of the net profit interest (NPI) royalties on the claims. Each warrant
allows the Seller to acquire one class A share from the Buyer for a period of
five years following the closing date, at a price equal to the market price of
the share at market close on the day before the date the agreement was signed.
The Company has the option to acquire 5% of the 7% NPI royalties. The
transaction is subject to approval from the regulatory authorities. 


The seller of the Langis silica deposit (the "Seller") is a corporation
controlled by Mr. Leblanc. As such, the transaction constitutes an "operation
with a related person" in the meaning of Regulation 61-101 respecting protection
of minority security holders in special transactions (the "Regulation"). Mr.
Leblanc renounced his interest as major shareholder and administrator of the
Seller before the beginning of the negotiations between the Company and the
Seller. All the negotiations were carried out between the Seller and independent
administrators acting on behalf of the Company. The independent administrators
also received the advice of independent lawyers and experts.


The Company's independent administrators determined that the fair market value
of the Langis property was equal to the consideration paid and that the
obligation to carry out a formal evaluation and obtain the approval of minor
shareholders could be waived because neither the market value nor the
consideration was above 25% of the Company's market capitalization (sections 5.5
(a) and 5.7 (a) of the Regulation).


Canadian Metals is a mining exploration and development corporation based in
Montreal, Quebec. The Corporation is focused on acquiring, exploring, and
developing mining properties. Its flagship project, and still the priority, is
the Massicotte property located in the Detour Gold Trend, in the province of
Quebec, Canada. Canadian Metals is also looking for new projects to complete its
portfolio. For more information, please refer to the Corporation's website at
www.canadianmetalsinc.com.


Neither the CNSX nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Metals Inc.
Stephane Leblanc
President and CEO
(418) 717-2553
sleblanc@canadianmetalsinc.com


Canadian Metals Inc.
Victor Cantore
Vice President Business development
(514) 449-8484
vcantore@canadianmetalsinc.com
www.canadianmetalsinc.com

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