VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 20, 2016) - Avarone Metals Inc. (CSE:AVM)(FRANKFURT:W2U)(WKN:A0HM01) (the "Company" or "Avarone") is pleased to announce that it has received final approval to list its common shares on the Canadian Securities Exchange (the "CSE") and has voluntarily delisted its common shares from the TSX Venture Exchange (the "TSXV"). The Company's common shares commenced trading on the CSE at market open on Wednesday, January 20, 2016 and will be delisted from the TSXV in short order. The Company's trading symbol "AVM" remains the same.

On behalf of the Board of Directors,

AVARONE METALS INC.

Marc Levy, CEO

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

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

We seek Safe Harbor.