PP completed and raised from 10mill to 15.5millMay 02, 2016 Update on 10,000,000 Unit Private Placement at $0.10 per Unit Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to provide an update on the terms of its private placement announced in its February 10, 2016 press release, wherein we advised the public of our intention of conducting a private placement of up to 10,000,000 Units at $0.10 per Unit. The Company has received an overwhelming response to its placement and as a result, the placement has been increased from 10,000,000 Units to 15,500,000 Units on the same terms and conditions as set out in our February 10, 2016 press release, with the Units consisting of one common share and one transferrable share purchase warrant, with every two warrants exercisable for one additional common share of the Company at $0.12 per share for a two year period. The proceeds derived from the now total 15,500,000 Unit placement are to be used towards our ongoing costs associated with the further development of the Company's Bishop Mill and Radcliff Property projects held in the US and to bring the Bishop Mill closer to production. Approximately 35% of the funds raised through this placement will come from insiders of the Company and a finder's fee of 8% cash and 8% in broker's warrants are payable to third parties, subject to Exchange approval. On behalf of the Board: "Jack Bal"