Transition Metals Corp. announced a non brokered private placement of 4,000,000 Flow Through Unit at a price of CAD 0.10 per Unit for the gross proceeds of up to CAD 400,000,up to 3,424,658 Charity Flow Through Units at a price of CAD 0.1168 per Unit for proceeds of up to CAD 400,000 and 2,500,000 Hard Dollar Units at a price of CAD 0.08 per Unit for proceeds of up to CAD 200,000, for the aggregate proceeds of CAD 1,000,000 on May 9, 2023. All Units will consist of a common share and a half warrant.

Each full warrant entitles the investor to purchase a common share in the Company at anytime for CAD 0.15 for a period of 2 years. The transaction will be subject to all necessary approvals, including the approval of the TSX Venture Exchange.