VANCOUVER, BC --(Marketwired - June 08, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
TriMetals Mining Inc. (TSX: TMI) (OTCQX: TMIAF)
(the "Company" or "TMI") is pleased to announce that in connection with its recently closed
brokered private placement for gross proceeds of $3.5 million (the "Offering") announced in its news release of
June 2, 2017, the syndicate of agents led by BMO Capital Markets and including PI Financial Corp. and GMP Securities L.P.
(collectively, the "Agents") exercised the agents' option granted by the Company and have arranged for the
purchase of an additional 1,458,270 units (the "Additional Units"). Each Additional Unit consists of one common
share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each
whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share
at a price of $0.30 for a period of 30 months. As a result, the Company has received gross proceeds of $3,853,985 from the
Offering.
Net proceeds from the sale of the Additional Units of approximately $329,000, combined with the net proceeds of approximately
$3,249,000 received on June 2, 2017 (previously incorrectly disclosed as $3,048,000), will be used for the continued exploration
and resource expansion at the Gold Springs gold-silver project and for general corporate purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from the registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be
any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development
of the near surface, Gold Springs gold-silver project in mining friendly Nevada and Utah in the U.S.A.
The Company's approach to business combines the team's track record of discovery and advancement of large projects, key
operational and process expertise, and a focus on community relations and sustainable development. Management has extensive
experience in the global exploration and mining industry.
The Company's common shares and Class B shares are listed on the Toronto Stock Exchange under the symbols "TMI" and "TMI.B"
and the common shares and Class B shares also trade on the OTCQX market under the symbol "TMIAF" and "TMIBF". Note that the Class
B shares have no interest in the properties or assets of the Company other than a collective entitlement to 85% of the net cash,
if any, (after deducting all costs, taxes and expenses and the third-party funder's portion thereof) received by TMI from award
or settlement in relation to the Company's subsidiary South American Silver Limited's arbitration proceeding against Bolivia for
the expropriation of the Malku Khota project in 2012. Additional information related to TriMetals Mining Inc. is available at
www.trimetalsmining.com and on SEDAR at www.sedar.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the
future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may
include words such as "intends", "continue", "creating", and similar expressions. These forward-looking statements are based on
current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known
and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Factors that could
cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements,
include, but are not limited to, the outcome of the international arbitration process, including the timing and the quantum of
damages to be obtained, management's expectation with regard to the final amount of costs, fees and other expenses and
commitments payable in connection with the arbitration, and any inability or delay in the collection of the value of any award or
settlement; and risks of the mineral exploration industry which may affect the advancement of the Gold Springs or Escalones
projects, including possible variations in mineral resources or grade, recovery rates, metal prices, availability of sufficient
financing to fund further required work in a timely manner and on acceptable terms, availability of equipment and qualified
personnel, failure of equipment or processes to operate as anticipated, changes in project parameters as plans continue to be
refined; and other risks more fully described in the Company's Annual Information Form filed and publicly available on SEDAR at
www.sedar.com. The assumptions made in developing the forward-looking statements include: the ability of the
Company to realize value from its investments in Bolivia; the arbitration proceeding in a customary manner and in accordance with
Procedural Order No. 1 (as amended in April and June 2015 and in January 2016) and the third party funder honouring its
contractual commitments, the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and
other exploration results; the continuing support for mining by local governments in Nevada, Utah and Chile, the availability of
equipment and qualified personnel to advance the Gold Springs project; and the execution of the Company's existing plans and
further exploration and development programs for the Gold Springs Project, which may change due to changes in the views of the
Company or if new information arises which makes it prudent to change such plans or programs.
Readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release. Except
as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of
new information, future events or any other reason. Unless otherwise indicated, forward-looking statements in this news release
describe the Company's expectations as of June 8, 2017.
The TSX has not approved or disapproved of the contents of this news release.