Mr. A. Paul Gill reports

TRIPLE ONE METALS INC. ANNOUNCES FINANCING

Triple One Metals Inc. has arranged a financing to raise $800,000.01 through the issuance of 26,666,667 units at three cents. Each unit will consist of one common share and one warrant exercisable for two years at five cents.

The use of proceeds will be for exploration, regulatory, audit fees, legal fees and working capital. While the company intends to spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the board.

A cash finder's fee of 10 per cent has been agreed to be paid, subject to regulatory approval.

All securities to be issued will be issued with the required hold period as required by securities laws.

The closing of the financing is subject to receipt of all necessary regulatory approvals, including the Canadian Securities Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws.

The company confirms there are no material facts or material changes related to the company, which have yet to be generally disclosed.

We seek Safe Harbor.