Michael C. Scholz Acquires Securities of Cmc Metals Ltd.

NEWS RELEASE

MICHAEL C. SCHOLZ ACQUIRES SECURITIES OF CMC METALS LTD.

Vancouver, December 12, 2016 – Mr. Michael C. Scholz (the “Offeror”), Suite 605, 369 Terminal Avenue, Vancouver, British Columbia, V6A 4C4, announces that effective June 15, 2016, he acquired a further 300,000 common shares of CMC Metals Ltd. (the “Reporting Company”) pursuant to his participation in the Reporting Company’s 15,500,000 Unit private placement, increasing his position from 4,600,000 Units as reported in an Early Warning Report dated and filed May 10, 2016. Pursuant to the purchase of a further 300,000 Units at $0.10 per Unit, 100,000 of which was by way of a corporation to which he is the sole director and officer, named 369 Terminal Holdings Ltd., 100,000 Units in his name personally, and 100,000 Units in his wife’s name, Carolyn Scholz. The terms of the Units remain the same as announced on May 10, 2016 in that each Unit consists of one common share and one transferrable Share Purchase Warrant which Warrant is exercisable into one common share of the Reporting Issuer for every two Warrant Shares surrendered, for a two year period at $0.12 per share expiring June 15, 2018. In addition, the Offeror purchased on the open market a further 632,500 common shares for prices per share varying from $0.145 to $0.10 per share. The issuance of the securities pursuant to the Offeror’s increased participation in the noted placement and purchases made on the open market brings the Offeror’s holdings in the Reporting Company to 20.68% on an undiluted basis and 31.05% on a diluted basis assuming exercise of all warrants held, including the warrants granted pursuant to the noted placement.

The shares issued pursuant to the noted placement were acquired from treasury in connection with the noted private placement of the Reporting Company which closed as to 11,200,000 Units on May 5, 2016 and the balance of 4,300,000 Units on June 15, 2016. The 300,000 additional shares acquired pursuant to the private placement were purchased at a purchase price of Cdn$0.10 per Unit for aggregate consideration of $30,000. The Offeror purchased the 632,500 common shares on the open market for an aggregate consideration of $76,077 at price varying between $0145 and $0.10 per share. These transactions were effected for investment purposes and the Offeror could increase or decrease his investments in the Reporting Company at any time, or continue to maintain his current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting:

Mr. Michael C. Scholz Tel: (604) 605-0166

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.