Electric Metals - Update on change of business

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VANCOUVER, Jan. 8 /CNW Telbec/ - ELECTRIC METALS INC. (TSX-V: EMI.A) (the "Company") is pleased to provide an update on the proposed change of business as announced in the Company's news release of December 9, 2009. The Company made a submission to TSX Venture Exchange in December 2009 for obtaining their approval on the proposed change of business. The Company is also in the process of obtaining the consent from a majority of shareholders approving the change of business. The Company anticipates to close the change of business later this month.

This news release may include forward-looking statements based on assumptions and judgements of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

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.

SOURCE ELECTRIC METALS INC.

For further information: For further information: Mr. Donald Gee, President and CEO, (604) 618-3433; Mr. John Rak, Byron Capital Markets, a division of Byron Securities Ltd., (647) 426-1663; Renmark Financial Communications Inc.: Henri Perron: hperron@renmarkfinancial.com; John Boidman: jboidman@renmarkfinancial.com; Media - Valérie Lacasse, (514) 939-3989, (416) 644-2020, vlacasse@renmarkfinancial.com; www.renmarkfinancial.com

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ELECTRIC METALS INC.

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