Mr. Morgan Good reports

SILICON METALS CORP. ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $195,000

Silicon Metals Corp. has the intention to complete a private placement of flow-through common shares for gross proceeds of up to $195,000.

Pursuant to the flow-through offering, the company intends to issue up to three million flow-through common shares at a price per share of 6.5 cents. The company intends to use the aggregate proceeds of the flow-through offering to incur eligible exploration expenditures on its projects in British Columbia and Ontario. Finders' fees may be payable in connection with the flow-through offering in accordance with the policies of the Canadian Securities Exchange.

All securities issued in connection with the flow-through offering will be subject to a statutory hold period expiring four months and one day after the date of issuance as set out in National Instrument 45-102 (Resale of Securities).

About Silicon Metals Corp.

Silicon Metals is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The company's Maple Birch project, located approximately 30 kilometres southeast of Sudbury, Ont., is a high-purity quartz pegmatite project with a 3,000-tonne-per-year production permit. The company holds a 100-per-cent interest in the Crystal Hills project, located approximately 40 kilometres north of the city of North Bay, Ont., Canada, which consists of five mineral claims composed of 18 cells totalling approximately 400 hectares. The company also holds an undivided 100-per-cent right, title and interest in the exploration stage and the fully five-year permitted Ptarmigan silica project, located approximately 130 kilometres from Prince George, B.C. The company has also acquired an undivided 100-per-cent right, title and interest in both the exploration-stage Silica Ridge silica project located approximately 70 kilometres southeast from the town of MacKenzie, B.C., as well as the exploration-stage Longworth silica project located approximately 85 kilometres east from Prince George, B.C.

We seek Safe Harbor.