Mr. Mark Saxon reports

T2 METALS CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND COMPLETES ACQUISITION OF AURORA PROJECT, YUKON

T2 Metals Corp. has closed the second tranche of its non-brokered private placement as announced on Feb. 27, 2026, and increased on March 13, 2026. The company issued a total of 2,019,000 units at a price of 50 cents per unit, for gross proceeds of $1,009,500, with each unit comprising one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 75 cents for a period of two years from closing. To date, a total of $7,372,631 has been raised under this financing.

Furthermore, the company announces that all regulatory approvals have been received, and closing has been completed on its option to earn a 100-per-cent interest in the 76-square-kilometre Aurora gold-silver project in the Yukon Territory, Canada (see news release dated Feb. 26, 2026).

A total of 400,000 shares were issued and cash payments totalling $75,000 have been made for the Aurora option agreement. All shares issued under the option agreement are subject to a four-month hold period from March 25, 2026, in accordance with applicable securities laws.

Project highlights:

• The Aurora project option was signed with prospector and explorer, Shawn Ryan, who acquired the project via staking mineral claims approximately two decades ago.
• Situated close to Dawson City and adjacent to the Dempster Highway, the Aurora project spans a significant land package within the Tombstone gold belt, one of North America's premier gold and silver mining districts.
• The Aurora project is geologically similar to the nearby ML project of prospector Metals Corp., where recent drilling has identified high-grade gold-copper mineralization (for example, 13.79 grams per tonne Au and 1.84 per cent Cu over 44 m).
• The Aurora project mineral claims are centred on the Antimony Mountain stock, a Tombstone plutonic suite intrusion similar to other mid-Cretaceous intrusions that are genetically associated with major intrusion-related gold system deposits in the Yukon and Alaska.
• Six significant gold-bearing prospects have been identified by Shawn Ryan and past explorers over a 10-kilometre trend utilizing soil and rock chip sampling.
• Less than 3,000 metres of drilling has been completed at the Aurora project, with no work undertaken for over 15 years.
• Most recently 12 holes for 881 m were drilled at the AJ prospect as reported by Golden Predator in 2009 (see Golden Predator's news release dated Jan. 5, 2010) from which results included:
  • 4.9 metres at 12.45 g/t Au (AJ09-17);
  • 3.4 m at 24.45 g/t Au (AJ09-18);
  • 3.2 m at 25.06 g/t Au (AJ09-21).
• The Golden Wall prospect has been sampled by past explorers and shows disseminated sulphides and iron oxide over a 400 m cliff face. Up to 61 g/t Au was discovered in outcrop, and a Golden Predator drill hole GW10-028 returned two m at 3.2 g/t Au.

Mark Saxon, president and chief executive officer of T2 Metals, said: "With the second close of our private placement now complete, T2 Metals has the strongest balance sheet in its history and, as such, a clear mandate for the 2026 field season. I sincerely thank every investor who participated -- the quality of support across the two tranches reflects genuine conviction in the Yukon's gold story.

"Equally significant is today's confirmation that we have received TSX Venture Exchange approval for our acquisition of the Aurora project from Shawn Ryan. Having Shawn as our project partner and adviser, a renowned explorer and prospector responsible for multiple significant discoveries in the Yukon, gives me enormous confidence in the project and its potential."

Certain insiders of the company participated in the financing and purchased an aggregate of 110,000 units. Participation of the insiders in the offering constituted a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, but was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25 per cent of the company's market capitalization. None of the company's directors expressed any contrary views or disagreements with respect to the foregoing. The company did not file a material change report 21 days prior to the closing of the offering as the details of the participation of the insiders of the company had not been confirmed at that time.

Finders' fees in the amounts of $59,650 cash and 119,300 finders' warrants have been paid on a portion of the financing. Each finder's warrant is convertible into one common share at a price of 75 cents for a period of two years from closing. Net proceeds will be used for working capital, acquisition of the Aurora project and exploration of the company's project portfolio.

All securities issued in the financing are subject to a four-month hold period and to all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange.

The qualified person (as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects) for the company's projects, Mark Saxon, the company's president and 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.

Readers are cautioned that the discussion about adjacent or similar properties in this news release is not necessarily indicative of the mineralization or potential of the Aurora project. The company has no interest in or right to acquire any interest in any such adjacent properties.

About T2 Metals Corp.

T2 Metals is an emerging precious and critical strategic metals company enhancing shareholder value through exploration and discovery. T2 Metals is committed to engage with rights holders and stakeholders with the highest level of respect, ensuring that the company's exploration activities contribute positively to the communities in which the company operates.

We seek Safe Harbor.