Market Overview

State Releases Six Draft Water Appropriation Permits for PolyMet Copper-Nickel Project

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These are the first of the major draft permits expected to be
released for public review this year

PolyMet Mining Corp. ("PolyMet" or the "Company") TSX: POM; NYSE
AMERICAN: PLM – reports that the Minnesota Department of Natural
Resources today released six draft water appropriation permits for
public review and comment. These are the first of several major permits
required to build and operate the NorthMet copper-nickel-precious metals
project in northeastern Minnesota.

The individual water appropriation permits are needed to use or withdraw
water from a surface or groundwater source for the project. The draft
permits are subject to a 30-day public review and comment period,
commencing today.

PolyMet submitted all of its major permit applications in 2016; the
water appropriation permits are the first of the major draft permits to
be released for public review and comment. Other permit applications
currently under review by the DNR and Minnesota Pollution Control Agency
include two Dam Safety permit applications, which completed local units
of government and tribal review in June, and the Permit to Mine
application.

"These six draft permits represent another big step forward for PolyMet.
We anticipate the state will release the remaining draft permits for
public review later this summer and fall," said Jon Cherry, president
and CEO.

The draft water appropriations permits, associated consolidated water
appropriation permit application and other permit applications and their
status are posted on www.polymet.mn.gov.
The website also provides information about the permitting process
conducted by the DNR and MPCA.

About PolyMet

PolyMet Mining Corp. (www.polymetmining.com)
is a publicly-traded mine development company that owns 100 percent of
Poly Met Mining, Inc., a Minnesota corporation that controls 100 percent
of the NorthMet copper-nickel-precious metals ore body through a
long-term lease and owns 100 percent of the Erie Plant, a large
processing facility located approximately six miles from the ore body in
the established mining district of the Mesabi Iron Range in northeastern
Minnesota. Poly Met Mining, Inc. has completed its Definitive
Feasibility Study. The NorthMet Final EIS was published in November
2015, preparing the way for decisions on permit applications. The
NorthMet Project is expected to require approximately two million hours
of construction labor, create approximately 360 long-term jobs directly,
and generate a level of activity that will have a significant multiplier
effect in the local economy.

PolyMet Disclosures

This news release contains certain forward-looking statements
concerning anticipated developments in PolyMet's operations in the
future. Forward-looking statements are frequently, but not always,
identified by words such as "expects," "anticipates," "believes,"
"intends," "estimates," "potential," "possible," "projects," "plans,"
and similar expressions, or statements that events, conditions or
results "will," "may," "could," or "should" occur or be achieved or
their negatives or other comparable words. These forward-looking
statements may include statements regarding the receipt of environmental
and operating permits, or other statements that are not a statement of
fact. Forward-looking statements address future events and conditions
and therefore involve inherent known and unknown risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements due to risks facing PolyMet or due to actual
facts differing from the assumptions underlying its predictions.

PolyMet's forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements are
made, and PolyMet does not assume any obligation to update
forward-looking statements if circumstances or management's beliefs,
expectations and opinions should change.

Specific reference is made to risk factors and other considerations
underlying forward-looking statements discussed in PolyMet's most
recent Annual Report on Form 40-F for the fiscal year ended January 31,
2017 and in our other filings with Canadian securities authorities and
the U.S. Securities and Exchange Commission, including our Report on
Form 6-K providing information with respect to our operations for the
three months ended April 30, 2017.

The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

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