Transition Metals Corp. to present channel sampling results from summer field work on its Maude Lake Property located near Schreiber, Ontario. A total of 13 channel samples were taken over a strike length of 45 metres on the main surface mineralized area.

The Company will be shortly mobilizing a diamond drill to site to test a major conductivity feature measuring 300 by 500 metres that is associated with the potential extension of the high tenor surface mineralization. Assay results from the 2022 channel sampling completed over the new exposure returned broad intervals of elevated nickel, copper, cobalt and platinum group elements. Of note, channel 4 returned 17.01 metres grading 0.46 % Ni, 0.35 % Cu and 0.03 % Co including 4.26 metres grading 1.27 % Ni, 0.84 % Cu, and 0.08 % Co.

Channel 7 returned 8.17 metres averaging 0.50 % Ni including 1.70 metres grading 1.61 % Ni The initial drill target is an approximate 300 by 500 metre conductor outlined by a Versatile Time Domain Electromagnetic (VTEM) and Magnetic (Mag) geophysical survey completed over the property by the Company earlier this year (See Company news release of May 31, 2022). Modelling has outlined an untested conductive body dipping to the south-southeast at a vertical depth of 150 metres which may be associated with historical diamond drill intersections of Ni-Cu-Co mineralization encountered up-dip or off section from the newly defined conductive target.