CME Canadian Metals Inc

Canadian Metals Inc. (the "Corporation") (CSE:CME) is pleased to announce that
it has signed an agreement with Zimtu Capital Corp. (TSX
VENTURE:ZC)(FRANKFURT:ZCT1) to acquire a 100%-interest in the Longworth and
Kinney High Purity Silica Properties located in British Columbia, Canada.


Stephane Leblanc, President and CEO, remarked, "We are delighted to have secured
these two properties and bolster our position in what many believe to be a
promising growth resource sector." 


Longworth Property

The Longworth Property, consisting of 17 claims totalling 1,160 hectares, covers
a band of quartzite on Bearpaw Ridge, on the east side of the Fraser River,
about 85 km east of Prince George, British Columbia.


A sequence of clastic sediments, limestone and volcanics equivalent to the Lower
Silurian Nonda Formation, outcrop along the ridge. The quartzite is comprised of
one main unit, up to 400 m thick, and three thinner units, all of which are
characterized as massive, fine-grained, equigranular quartzite with silica
values mainly in excess of 99.5% (Quartermain 1986).


The property is accessible by logging roads and is less than 4 km from the
Canadian National Railroad mainline and power lines suitable for a quarry type
mining operation. The current property covers recently lapsed claims that were
held by Silver Standard Resources Inc. ("Silver Standard") since 1977. Silver
Standard had completed detailed metallurgical work on the contained silica
mineralization which yielded positive characteristics for a feed source for
silicon metal smelting (Quartermain 1986). Silver Standard was incorporated in
1948 as a B.C. focused multi commodity mining company and has been recently
letting its portfolio of legacy properties to expire in the current market
environment to focus on their South American projects.


Kinney Property

The Kinney Property consists of two individual, continuous claims totaling 518
hectares located approximately 70 km's south-east of Mackenzie, British
Columbia, adjacent to Mt. Kinney. The majority of the visible outcrop on the
property was held by Silver Standard historically and was host to a drilling
program by the company in July 1975. It is known that Silver Standard
encountered quartzite at 12'-298 feet and quartzite and dolomite from 298-358
feet. In 1975, Silver Standard was engaged in a joint venture on the project
with Hanna Mining Ltd. whom produced crude historic economic studies for the
project.


Canadian Metals Inc. will be compiling all of the available historic exploration
information available for the Longworth and Kinney Properties in anticipation of
initial surface exploration program in the Spring/Summer of this year.


High Purity Silica 

High purity silica is prized by the silicon industry who use it in the
production of silicon metal. Silicon-based materials, including silicones, can
be formulated to deliver a wide range of products from more durable construction
materials; faster, smarter electronic devices and more efficient solar panels
and wind turbines. They also used in healthcare and cosmetic products.


High purity silica can be used to make silicon and ferrosilicon. Silicon is used
in the manufacturing of aluminum alloys, where iron, calcium and phosphorus are
critical elements; silicones and silanes, where calcium and aluminum are
critical elements; and semiconductor silicon (polysilicon) which remains the
fastest-growing segment of the metallurgical silicon market. 


Terms 

Canadian Metals Inc. has the option to earn a 100%-interest in the Longworth and
Kinney Properties from Zimtu Capital Corp. (the "Optionor") by making the
following payments and issuing the following common shares to the Optionor: (i)
$50,000 and 1,000,000 common shares within five business days following, and
subject to, the closing of a private placement of CME common shares as described
hereafter (the "Financing Closing"); (ii) 1,000,000 common shares on that day
which is 12 months from the date of the Financing Closing and; (iii) 1,000,000
common shares 24 months from the date of the Financing Closing. The Optionor
will retain a 2% Royalty on the Property. Upon commencement of Commercial
Production, Canadian Metals will also pay the underlying vendor whom sold a
portion of the claims to Zimtu $250,000 cash and 100,000 common shares. 


The private placement will be for minimum gross proceeds of (i) $500,000 through
the sale of units (hard dollars) ("Units") at a price of $0.15 per Unit. Each
Unit will consist of one common share and one full common share purchase warrant
("Warrant") and each whole Warrant will entitle the holder to acquire one common
share of CME at a price of $0.25 per common share for a period of 18 months
following the closing date and (ii) $500,000 through the sale of flow-through
common shares of CME ("FT Share") at a price of $0.175 per FT Share. 


The agreement remains subject to acceptance by the CSE. A finder's fee will be
payable with respect to the transaction pursuant to the policies of the CSE. 


NI 43-101 Disclosure 

The technical information above has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed on behalf of the company by Donald Theberge Eng., M.B.A, a qualified
person.


About Canadian Metals 

Canadian Metals Inc. is focused exclusively on the exploration and development
of high-purity Silica properties in Canada. The Company is rapidly positioning
itself as North America's premier pure-play silica company through the
exploration and development of its portfolio of Silica assets in Quebec and
British Columbia. Silicon-based materials can be formulated to deliver a wide
range of products from more durable construction materials; faster, smarter
electronic devices and more efficient solar panels and wind turbines.


We expect to become a global supplier for a number of industries and
applications, namely but without limitation, glass, ceramics, lighting, oil and
gas, paint, plastic and rubber. We also wish to become an integrated supplier
for metallurgical industries and foundries, and to participate in a wide range
of civil, industrial, environmental and related building applications. These
target markets for Canadian Metals affect the lives of millions of people every
day. Canadian Metals is also looking for new projects to add to its portfolio. 


This news release contains forward-looking information within the meaning of
applicable Canadian securities laws. All information other than historical fact
is forward-looking information. Forward-looking information relates to future
events or future performance and is based on CME current internal expectations,
estimates, projections, assumptions and beliefs. Forward-looking information is
often, but not always, identified by the use of words such as "expect",
"project", "proposed", "intend", "seek", "anticipate", "budget", "plan",
"continue", "estimate", "forecast", "may", "will", "predict", "potential",
"targeting", "could", "might", "should", "believe" and similar expressions.
Although management considers the assumptions and estimates, reflected in
forward-looking information, to be reasonable, based on information currently
available, there can be no assurance that such information will prove to be
correct. As a consequence, actual results may differ materially from those
anticipated.


Undue reliance should not be placed on forward-looking information which is
inherently uncertain, and subject to known and unknown risks and uncertainties
(both general and specific) and other factors that contribute to the possibility
that the future events or circumstances contemplated by the forward looking
information will not occur or that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information. These risks
include, but are not limited to risks associated with general economic
conditions, the actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue to be
refined, future metal prices, financial risks and substantial capital
requirements. Further information regarding certain of these risks (as well as
risks relating generally to the Company's business) may be found under the
headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial
risk factors" in the latest Company's Management's Discussion & Analysis on
www.sedar.com. Readers are cautioned that the foregoing list of factors that may
affect future results is not exhaustive. The forward-looking statements
contained in this news release are made as of the date hereof and CME does not
undertake any obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.  


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


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


Victor Cantore
Vice President, Business Development
(514) 449-8484
vcantore@canadianmetalsinc.com

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