Mr. Mark Saxon reports

T2 METALS BEGINS DRILLING AT THE SHERRIDON COPPER-ZINC PROJECT, MANITOBA

T2 Metals Corp. has commenced drilling at the Sherridon copper-zinc project in west-central Manitoba. Sherridon is a well-known VHMS camp in the Flin Flon-Snow Lake district, with both a significant mining history and substantial copper-rich historical resources calculated on behalf of Halo Resources Ltd. in 2010. A granted work permit allows for execution of the 2023 drill program and future drill programs until May, 2026, subject to notification of future proposals.

Despite its resource pedigree, Sherridon has seen no drilling for more than a decade, due a sustained period of low metal prices when the previous operator was active. T2 Metals has acquired, collated and reprocessed past exploration data that includes more than 400 drill holes and extensive geophysical data, and has identified opportunities for additional copper-zinc discoveries. The presence of year-round road and operational rail access to the project and near-surface historical resources provides the opportunity for both cost-effective exploration and near-term production.

The 2023 drilling program by T2 Metals is targeting the Lost and Cold historical resource areas where high-grade copper (Cu) and zinc (Zn) rich mineralization has previously been discovered from surface to more than 250 metres vertical depth. These two prospects lie less than two kilometres (km) from the Sherritt Gordon East and West mines, where 7.74 million tonnes were mined at an average grade of 2.46 per cent Cu, 2.84 per cent Zn, 0.6 gram per tonne (g/t) gold (Au) and 33 g/t silver (Ag) between 1931 and 1951. Other resource areas will be drill tested during this campaign and in 2024.

Lost and Cold mineralization comprise a continuously mineralized horizon over a strike length of approximately 1.8 km. The Lost and Cold prospects were the subject of investment by HudBay Minerals Inc. from 2009 to 2012 that included metallurgical drilling with a view to open-pit mining and subsequent processing in Flin Flon.

Mark Saxon, chief executive officer of T2 Metals, said: "The Sherridon project in Manitoba is long overdue for investment and our team feel fortunate to be exploring such a substantial site with large datasets and even larger discovery potential. We have built a strong team with experience in the region, who are leading us to exciting new targets. In collaboration with the Kiciwapa Cree was a building both assets and skills in Sherridon as we progress to a new phase of discovery."

A drill contract is in place for a total of 1,600 metres (m) with Quesnel Bros. Diamond Drilling Ltd. Near surface targets in the vicinity of known mineralization will be prioritized, with approximately 12 holes planned.

The company has established an exploration agreement with the Kiciwapa Cree, part of the Mathias Colomb First Nation, to ensure maximum benefit from T2 Metal's investment at Sherridon is captured within the region. The Kiciwapa Cree community and are now working collaboratively to support the drilling program and establish facilities for core handling and logging.

The recent launch of "The Manitoba Critical Minerals Strategy: Driving Sustainable Growth" by the government of Manitoba highlights the importance of exploration for copper and other critical metals and minerals in Manitoba. The honourable Heather Stefanson, Premier of Manitoba, noted that the "clean and low-cost energy sources, competitive business costs, a young and skilled work force and world-class education and research institutions," alongside high geological potential places Manitoba in an excellent position, to continue to supply low-carbon metals to the world.

Sherridon is a large volcanic hosted massive sulphide (VHMS) camp with an extensive mining history and multiple copper-zinc-silver-gold historical resources and occurrences. The project is well served by all weather roads, rail and the Sherridon/Cold Lake village.

The qualified person for the company's projects, Mr. Saxon, the company's chief executive officer, a fellow of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists, has reviewed and approved the contents of this release.

About T2 Metals Corp.

T2 Metals is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon project in Manitoba, the Lida project in Nevada and the Cora project in Arizona.

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