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Red Hut Metals Signs LOI for Rights to Gold-Bearing Claims in California

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 23, 2017) – Red Hut Metals Inc. (the “Company” or “Red Hut”) (TSX VENTURE:ROB) announces that it has signed a Letter of Intent (“LOI”) with each of Ray Merry and Ron Coombes of Maple Ridge, B.C. and 0999940 B.C. Ltd, (a private B.C. company owned by Merry) (collectively the “Assignors”) whereby Red Hut will acquire by way of assignment all of the contractual interests held by the Assignors in various patented and located mineral claims (the “Property”) with a history of gold mineralization in Western California, USA (the “Transaction”).