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*Avarone Metals Inc. 
Listed Company 

AVARONE METALS INC. ("AVM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 17, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Discretionary Waiver Non-Brokered Private Placement announced April 20, 2015:

Number of Shares: 36,750,000 shares

Purchase Price: $0.01 per share

Warrants: 1,375,000 share purchase warrants to purchase 18,375,000 shares

Warrant Exercise Price: $0.05 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at $0.10 or greater for 10 consecutive trading days.

Number of Placees: 25 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Anita Algie Y 750,000
Marc Levy Y 2,500,000

Aggregate Pro Group Involvement P 2,000,000
[2 Placees]

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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