CMC Metals Ltd V.CMB

CMC website update

[louisc]

September 24, 2014 Change in Board of Directors / Update on Operations at the Bishop Mill and Radcliff Mine / Grant of New Incentive Stock Options / Issuance of Bonus Shares

Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce the addition of two new Directors to its Board, Mr. Robert Wheeler and Mr. Carl Von Einsiedel, who were appointed at the Company's last Annual General Meeting held August 19, 2014. Mr. Wheeler, the former senior officer of a worldwide electronic components distributor, and Mr. Von Einsiedel, an independent consulting geologist and a registered member of the BC Association of Professional Engineers and Geoscientists, bring years of business and mining experience respectively to the Company. The Company's current Board of Directors consists of Messrs. Jatinder (Jack) Bal, Michael C. Scholz, John Bossio, Mark Gunderson, Robert Wheeler and Carl Von Einsiedel. The Company wishes to update the shareholders on the status of its US operations at the Bishop Mill and the Radcliff Mine. The construction of the tailings pond at the Bishop Mill started in March 2014. The pond has been excavated and installation of the liner will commence within the next two weeks and will take an additional two weeks to complete. A new assay lab has been installed and upgrades to the Mill are ongoing. The Company anticipates being operational at the Bishop Mill with stock piled ore prior to year end. Work at the Radcliff Mine is ongoing. A new adit has been constructed and is advancing towards the ore zone. The road to the Radcliff Mine has been upgraded to allow efficient travel from Ballarat elevation 600 feet to the mine site at 5800 feet. A crushing plant is being transported from the Company's operations in the Yukon to the Radcliff Mine. Ore from the mine will be crushed and sampled before being transported to the Bishop Mill for processing. The crushing circuit at the Bishop Mill will be removed over time and additional grinding and flotation capacity will be installed. To date, the Company has invested in excess of US$3,000,000 in the Bishop Mill and Radcliff Property. The Company further wishes to announce that it has granted 1,100,000 common shares pursuant to incentive stock options under the Company's Rolling Stock Option Plan, which Plan received shareholder approval at its last Annual General Meeting held August 19, 2014. The options granted will be set for a two year period expiring September 22, 2016 at the exercise price of $0.065 per share. This transaction is subject to TSX Venture Exchange approval. The Company further wishes to announce that since July 2014, 5,610,000 warrants issued at $0.05 were exercised by shareholders netting the Company $280,500. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On behalf of the Board: "Jack Bal"                                Jack Bal, President & CEO