Clean Air Metals Inc. (TSXV:AIR) announced that it has formalized a process to explore strategic alternatives to maximize the value of the Company's common shares, including strategic funding, strategic partnerships or joint ventures, the possible divestiture of all of the Company's outstanding common shares or other potential transactions. As part of that process, the board of directors of the Company has formed a special committee of the Board to review and advise on these strategic alternatives. Paradigm Capital Inc. is providing financial advisory services to Clean Air Metals in connection with this mandate.

There can be no assurance that the exploration of strategic alternatives will result in any agreements or transactions and no timetable has been set for its completion. The Company does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board has approved a definitive agreement or transaction or there are material developments to report.