Mr. Scott Eldridge reports

MILITARY METALS ANNOUNCES BUYBACK OF 1% ROYALTY ON SLOVAKIAN PORTFOLIO

Military Metals Corp. has exercised its buyback right to retire the 1-per-cent net smelter royalty (NSR) that applied to its Slovakian portfolio. The 1-per-cent NSR covered three mineral properties, including the flagship Trojarova antimony gold project, as well as the Tiennesgrund antimony gold project and the Medvedi Potok tin project. All three projects are now royalty-free thus strengthening the strategic value of the portfolio.

Scott Eldridge, chief executive officer of the company, commented: "We are very pleased to have completed the buyback of the NSR royalty on our Slovakian assets, including our flagship Trojarova antimony gold project. This strategic acquisition eliminates future royalty obligations and is intended to provide Military Metals greater financial flexibility as we advance these properties. With our initial drill results from Trojarova now in hand and a mineral resource estimate expected to be completed later this quarter, we believe this was an opportune time to consolidate our ownership position. We look forward to continuing our exploration programs and updating shareholders as we work towards defining the full potential of this exciting project."

The company's wholly owned subsidiary has exercised the NSR buyback pursuant to the terms of a share purchase agreement previously entered into by such subsidiary. Management and the board of directors of the company determined that the completion of the NSR buyback and the resulting termination of the 1-per-cent NSR is beneficial to the company's shareholders and the economics of the company's applicable projects. The NSR buyback consideration is a one-time cash payment in the amount of $162,800. There are no further royalties on any of the company's mineral projects in Slovakia.

About Military Metals Corp.

The company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

We seek Safe Harbor.