DATE TITLE May 31, 2017 E3 Metals Corp. News Announcement E3 Metals Corp. Receives TSX Venture Exchange Approval for, anD closes, acquisition of 1975293 Alberta LtD. anD files NI 43-101 TSXV: ETMC.H Technical Report on Alberta Lithium Project DIRECTORS `HIGHLIGHTS Chris Doornbos Paul Reinhart o E3 Metals Corp (TSXV: ETMC.H) receives final Jeremy Read approval from the TSX Venture Exchange for the Mike O’Hara transaction to acquire 1975293 Alberta Ltd and the Peeyush Varshney Alberta Lithium Project CONTACT INFORMATION o E3 Metals Corp received approval from the TSX PO BOX 61187 Venture Exchange for the Technical Report NI 43-101 Calgary AB T2N 4S6 +1 587 324 2775 for the Alberta Lithium Project
[email protected] e3metalscorp.com Vancouver, British Columbia - (May 31, 2017) – E3 METALS CORP. (TSX.V:ETMC.H) (the “Company” or “E3 Metals”) is pleased to announce that it has received final approval from the TSX Venture Exchange (“TSXV”) and has closed its Fundamental Acquisition (as that term is defined in the policies of the TSXV) with 1975293 Alberta Ltd (“AlbertaCo”) whereby all outstanding securities of AlbertaCo have been exchanged for securities of E3 Metals (the “Transaction”) as described below. As a result of the closing of the Transaction the Company has applied to upgrade its listing to Tier 2 of the TSXV and expects to complete same shortly. Transaction Details E3 Metals has paid AlbertaCo $150,000 and issued to the securities holders of AlbertaCo (i) a total of 6,000,000 common shares (the “Escrow Shares”) of the Company in exchange for 100% of the outstanding shares of AlbertaCo and (ii) 600,000 share purchase warrants (the “Warrants”) in exchange for 100% of the outstanding share purchase warrants of AlbertaCo.