Mr. Mark Saxon reports

T2 METALS INTERSECTS COPPER-ZINC MASSIVE SULPHIDE AT THE SHERRIDON VHMS PROJECT, MANITOBA

T2 Metals Corp. has completed a 12-hole drill program 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 in 2010.

The program was very successful, with nine of the 12 holes intersecting intervals with greater than 20 per cent chalcopyrite (Cu (copper)) or sphalerite (Zn (zinc)), including numerous intervals of semi-massive or massive sulphide. The final holes from the program are now being logged and sampled by T2 Metals staff, with half-core being progressively dispatched for assay. Assay results remain pending and will be announced as they come available.

Twelve holes for a total of 1,500 metres were completed, testing a total strike length of 1,600 metres within and between the Cold Lake and Lost Lake deposits. Near-surface targets were prioritized on undrilled and under drilled sections, to better quantify the near-term mining opportunity, understand wall rock conditions, and to provide sample for mineral characterization and metallurgical testing. While data are available, drill core from past programs has not been successfully recovered from either deposit to date.

Mark Saxon, chief executive officer of T2 Metals, said: "This successful first drilling program is a milestone for both T2 Metals and the Sherridon project. Our team achieved a very high hit rate of near-surface massive and semi-massive copper-zinc mineralization. In the process, we have established ourselves as part of the Sherridon community and collaborated with the Kiciwapa Cree to build both assets and skills. We look forward to sharing drill results as they come available over coming months and thank Quesnel Bros. Diamond Drilling Ltd. for their delivery of a timely and professional program."

The drilling program was well supported by members of the Kiciwapa Cree, part of the Mathias Colomb First Nation. The company has established an exploration agreement with the Kiciwapa Cree to ensure maximum benefit from T2 Metals' investment at Sherridon is captured within the region. With the support of the community, semi-permanent core and storage facilities have been established in the Sherridon village.

Prior to the recently completed program, the Sherridon district had not seen drilling for more than a decade, due a sustained period of low metal prices when the previous operator was active. T2 Metals acquired and reprocessed past exploration data that includes more than 400 drill holes and extensive geophysical data and has identified multiple opportunities for additional copper-zinc discoveries.

The presence of year-round road and operational rail access to the project, near-surface historical resources, and a local community enables both cost-effective exploration and provides the potential for near-term production.

The 2023 drilling program by T2 Metals targeted the Lost and Cold historical resource areas where high-grade copper- and zinc-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 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.

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.

T2 Metals is focused on copper, nickel and lithium acquisition, exploration and development within the major mining belts of western North America. The company continues to target underexplored areas, including the Sherridon, Lida and Cora projects where postmineralization cover masks areas of high geological prospectivity in the vicinity of major mines.

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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