Triple One closes $500,000 financing

Mr. A. Paul Gill reports TRIPLE ONE METALS CLOSES $500,000 Triple One Metals Inc. has closed its financing, which raised $500,000 at 1.225 cents per share, and has issued 40,816,327 common shares. The shares were issued with the required hold period pursuant to securities laws. The use of proceeds is the payment of certain debts and working capital. A finder's fee of $12,862.50 was paid. One insider of the company subscribed, indirectly, for a total of three million common shares. As such, this participation constitutes a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the common shares acquired by the insiders, nor the consideration for the common shares paid by such insiders exceeds 25 per cent of the company's market capitalization. The company confirms there are no material facts or material changes related to the company which has yet to be generally disclosed. We seek Safe Harbor.