Canada Strategic Metals Inc.: Debt Settlement

MONTREAL, QUEBEC--(Marketwired - Oct 3, 2013) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) today announced that, subject to the approval of the TSX Venture Exchange ("TSXV"), it intends to settle $16,520.14 in outstanding indebtedness through the issuance to a creditor of 275,336 common shares at a price of $ 0.06 per share (the "Debt Settlement"). The shares issued under the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance.

About Canada Strategic Metals

Canada Strategic Metals is an emerging growth company focused on the exploration and development of its large portfolio of graphite projects covering over 60,000 hectares throughout Quebec. With management experience in green technology, and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising portfolio for our shareholders.

For more information on the Company, please visit www.csmetals.ca.

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