Continuation of Private Placement and Increase in Units Offered @ $0.25 per Unit / Investor Relations

Jan 29, 2010 (TheNewswire.ca via COMTEX News Network) --

(via Thenewswire.ca)

Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that further to its press release dated August 21, 2009, it is continuing with its private placement of 1,000,000 Units at a price of $0.25 per Unit. This placement has been oversubscribed by 270,000 Units and received conditional acceptance from the TSX Venture Exchange (the "Exchange") on September 3, 2009. The Company expects to issue up to a total of 1,270,000 Units, each unit consisting of one common share and one share purchase warrant. Two warrants will be exercisable for one additional common share at $0.30 per share for a period of twelve months. The proceeds of this private placement will be used to pay for general working capital purposes A finder's fee may be payable in relation to this private placement in accordance with Exchange policies.

Closing of the private placement is anticipated to occur on or before February 15, 2010, and is subject to the negotiation, execution and delivery of definitive agreements and the receipt of applicable regulatory approvals including approval of the Exchange. Any securities to be issued will be subject to a hold period of four months from the closing date in accordance with the rules and policies of the Exchange and applicable Canadian securities laws. No "control persons" (as defined in Policy 4.1 of the Exchange) or new insiders are expected to be created as a result of the private placement.

The Company further announces that Gord Zelko of StoxNetwork Corp. will also be providing investor relations and shareholder communications services to the Company on an ongoing monthly basis effective February 1, 2010. As announced in the Company's April 15, 2009 press release, Mr. Zelko was previously appointed as the Company's Vice President of Business Development. Following issuance of the recent revocation order by the British Columbia Securities Commission in respect of the securities of the Company, Mr. Zelko's role has now been expanded to include investor relations and shareholder communications services. Mr. Zelko will continue to receive a fee of $6,500, plus GST, per month and be reimbursed for expenses in connection with his work as Vice-President, Business Development and shareholder communications.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

"Michael C. Scholz

Michael C. Scholz

CMC METALS LTD.

For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.

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.

Copyright (c) 2010 Thenewswire.ca - All rights reserved.