Canadian Metals Inc. Completes its Initial Public Offering

Canadian Metals Inc. (the "Corporation") (CNSX:CME) is pleased to announce that
it successfully completed its initial public offering (the "Offering") and that
its common shares are expected to commence trading on the Canadian National
Stock Exchange ("CNSX") under the symbol "CME" on or about July 2, 2013. The
Offering raised total gross proceeds of $809,974.80 through the Corporation's
agent, Industrial Alliance Securities Inc. (the "Agent").


Pursuant to the Offering, Canadian Metals Inc. raised total gross proceeds of
$809,974.80 through the issuance of 5,399,832 units of the Corporation (the
"Units") at a price of $0.15 per unit. Each unit is comprised of one (1) common
share of the Corporation and one (1) common share purchase warrant. Each warrant
entitles its holder to acquire one additional common share at a price of $0.25
per share for a period of eighteen (18) months from the date of closing. After
giving effect to the Offering, the Corporation now has 18,141,246 common shares
issued and outstanding. 


The Agent received a commission equal to 8% of the gross proceeds of the
Offering and compensation warrants (the "Agent's Warrants") to purchase that
number of common shares equal to 8% of the total number of Units sold. The
Agent's Warrants will be exercisable in whole or in part on the same terms and
conditions as the Offering at any time up until twelve (12) months after the
closing of the Offering. 


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 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 final long form prospectus dated
April 30, 2013 available on SEDAR (www.sedar.com). 


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Vincent
President and CEO
[phone]
[e-mail]


Stephane Leblanc
VP Business Development
[phone]
[e-mail]
www.canadianmetalsinc.com