Increase in 4,000,000 Unit Private Placement to 4,900,000 Units @ $0.10 per Unit

Repricing of 1,000,000 Warrants Expiring December 16, 2012 to $0.12 per Share

Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has increased its 4,000,000 Unit private placement as announced in its November 7, 2012 press release which placement was originally announced as a 3,000,000 Unit offering pursuant to its October 17, 2012 press release, to 4,900,000 Units on the same terms and conditions as set out in the November 7, 2012 press release. The 4,900,000 Units are priced at $0.10 per Unit with each unit consisting of one common share and one transferable share purchase warrant. Each warrant will be exercisable into one additional common share at $0.12 per share for a period of two years. No other terms of the placement have been revised. The proceeds remain for the use of work performed on the Silver Hart and Bishop Mill properties as well as general working capital. There remains a 7% cash finder's fee. This transaction remains subject to TSX Venture Exchange approval.

In addition, the Company wishes to announce that it has received TSX Venture Exchange approval to the re-pricing of 725,000 of a total of 1,000,000 Warrants expiring December 16, 2012 to $0.12 per share from $0.25 per share.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

"Michael C. Scholz"
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Michael C. Scholz, CFO
CMC METALS LTD.

For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at MineralStocks Consulting. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.