Mr. Michael Liik reports

CYMAT ANNOUNCES COMPLETION OF $1.5 M PRIVATE PLACEMENT FINANCING

Cymat Technologies Ltd. has completed a non-brokered private placement of equity units, generating gross proceeds of $1,499,500.

Each unit was priced at 13 cents, with one unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 18 cents for a 24-month period. The warrants contain a provision that precludes the warrant holders from exercising a number of warrants that would create a new insider unless the required submissions are made to, and approvals are received from, the TSX Venture Exchange.

As the result of this offering, Cymat will issue 11,534,615 common shares and the same number of common share purchase warrants. No finders' fees, other related compensation or broker warrants are to be issued in conjunction with this offering.

Proceeds of the offering will be used for capital equipment purchases in support of a major strategic business development initiative and for working capital requirements.

In accordance with applicable Canadian securities laws, the securities issued under this offering will be subject to a four-month trading hold period from the date of their issuance.

Michael Liik, Cymat's chief executive officer and chairman, stated: "We are pleased to be able to raise the balance of the capital required to execute on the previously announced Rio Tinto Alcan business opportunity, as well as funding for our strategic automotive initiatives under way." He added, "In short order, we will be hosting a webinar to provide stakeholders with updates on the progress of these initiatives."

The terms of this offering are subject to approval from the TSX Venture Exchange.

About Cymat Technologies Ltd.

Cymat Technologies has the global rights, through patents and established know-how, to manufacture and sell stabilized aluminum foam (SAF), a unique, ultralight, cellular metallic material. The proprietary production process entails the injection of gases through a molten bath of alloyed aluminum infused with ceramic particles. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. A key benefit of this continuous foam production process is its scalability and resultant low cost of production. SAF is used in such industries as architectural design, military and automotive. Cymat markets its architectural SAF under the Alusion brand and its automotive and military SAF under the SmartMetal brand.

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