Mr. Ray Wladichuk reports

SILICON METALS CORP. ANNOUNCES PRIVATE PLACEMENT OF UP TO $600,000

Silicon Metals Corp. intends to issue up to 4,444,444 units at a price per unit of 13.5 cents. The units will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share at an exercise price of 17.5 cents for a period of 24 months. The terms of the warrants will also include an accelerator provision whereby, if the price of the common shares on the Canadian Securities Exchange closes at 60 cents or higher for a period of 10 consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days from the acceleration trigger.

The company intends to use the aggregate proceeds of the offering for advancement and development of the company's properties, as well as for general working capital purposes. Finders' fees may be payable in connection with the offering in accordance with the policies of the CSE.

All securities issued in connection with the 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 focused on exploration and development of critical minerals, with a focus on high-purity silica. 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 km 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 Ptarmigan silica project, located approximately 130 km from Prince George, B.C., which has a five-year exploration drilling and blast permit. 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 km southeast from the town of MacKenzie, B.C., as well as the exploration-stage Longworth silica project located approximately 85 km east from Prince George, B.C.

We seek Safe Harbor.