Mr. Scott McLean reports

TRANSITION METALS CORP. ANNOUNCES A $300,000 PRIVATE PLACEMENT

Transition Metals Corp. intends to raise $300,000 by way of a non-brokered private placement. The offering will consist of four million critical flow-through shares at a price of 7.5 cents per share for proceeds of $300,000. Finders' fees will be paid in connection with the offering to finders as determined by mutual agreement between the corporation and the finders and subject to regulatory approval. The finders' fee will consist of 6 per cent cash on the total financing and additional 6 per cent compensation warrants associated with $200,000 of the financing. The compensation warrants will permit the purchase of one common share in the capital of the company at a price of 10 cents per common share for a period of 18 months from closing of the offering.

Proceeds from the securities issued in connection with the offering will be used to explore and advance critical mineral properties in Ontario (Saturday Night -- platinum group metals) and Yukon (Pike Warden -- gold/silver/copper). Completion of the offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange. There can be no assurance that the offering will be completed as proposed or at all.

All securities issued in connection with the offering will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing of the offering.

About Transition Metals Corp.

Transition Metals is a Canadian-based, multicommodity explorer. The award-winning team of geoscientists has extensive exploration experience that actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively.

We seek Safe Harbor.