Mr. Brad Brodeur reports

CANAMERA ENERGY ENTERS JOINT VENTURE OPTION AGREEMENT WITH BINDI METALS FOR SCHRYBURT LAKE RARE EARTHS PROJECT, ONTARIO

Canamera Energy Metals Corp. has entered into a joint venture option agreement with Bindi Metals Ltd., an Australian-based exploration company, with respect to Bindi's Schryburt Lake rare earths project, located in Northwestern Ontario, Canada.

The project is located 120 kilometres north of Pickle Lake, Ont., and can be accessed by road to within 30 kilometres. The project comprises 255 mineral claims covering an area of 4,726 hectares, and has been the subject of historical and recent exploration work, including 3-D magnetic inversion modelling and rock-chip sampling.

Joint venture option agreement terms

Under the JV agreement, Canamera can earn a 51-per-cent interest in the project by:

• Making a $25,000 cash payment and issuing 250,000 common shares to Bindi Metals within seven business days hereof;
• Financing an aggregate of $1.5-million in project expenditures on or before the date is 12 months from the date that all required permits are received for such work.

If the first option is exercised, then Canamera shall have the right to earn up to an additional 25-per-cent interest in the project (for a total 76-per-cent interest) by:

• Financing or incurring an aggregate of $3-million in project expenditures within two years of exercising the first option.

If the second option is exercised, then Canamera shall have the right to earn up to an additional 14-per-cent interest in the project (for a total 90-per-cent interest) by:

• Financing or incurring an aggregate of $4.5-million in project expenditures with two years of exercising the second option.

Brad Brodeur, chief executive officer of Canamera, stated, "We're excited to partner with Bindi Metals on the Schryburt Lake project, which presents a compelling opportunity to advance a high-potential rare earth and niobium system in a proven Canadian jurisdiction."

Eddie King, chairman of Bindi, stated: "This joint venture is intended to enhance the development of the Schryburt Lake project and is well timed to capitalize on the increasing global demand for rare earth elements. We look forward to working closely with Canamera and leveraging their corporate and technical expertise in Canada."

All technical and scientific information disclosed herein was reviewed and approved by Warren Robb, PGeo (British Columbia), vice-president, exploration, of the company and a qualified person as defined by National Instrument 43-101.

About Canamera Metals Corp.

Canamera is a mineral exploration company focused on the acquisition and development of mineral resource projects, including the Mantle project in British Columbia, as well as high-quality REE (rare earth elements) and critical metal assets in the Americas. The company targets underexplored regions with district-scale potential, leveraging geochemical, geophysical and geological data to identify first-mover opportunities.

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