District Metals Corp. reported assay results for the two drill holes (TOM22-037B to -038) from the Spring 2022 drill program at the high grade polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. A total of 750 m in two drill holes was completed during this drill program that was carried out from mid-April to mid-May 2022, before moving the rig to the Gruvberget Property.

Drill hole TOM22-038 targeted the Steffenburgs zone massive sulphide lens down plunge beneath holes TOM21-025 and -028, which were highlighted by down hole intercepts of 14.3 m at 14.2% ZnEq1 (210.0 to 224.3 m) and 30.05 m at 10.9% ZnEq1 (148.35 to 178.40 m), respectively. Hole TOM22-038 was drilled 40 m down-plunge from TOM21-025 where mineralization remains open at depth. Highlights: TOM22-038 intersected 25.5 m at 8.2% ZnEq1 (249.0 to 274.1 m).

including 11.1 m at 11.1% ZnEq1 (263.0 to 274.1 m). including 3.6 m at 15.8% ZnEq1 (263.0 to 266.6 m). Bonanza grade gold interval of 384 g/t Au and 855 g/t Ag over 0.4 m (273.7 to 274.1 m) intersected in hole TOM22-038 was capped at 10 g/t Au for the ZnEq calculation.

Hole TOM22-037B was drilled as an aggressive 665 m step out northeast from the historic Tomtebo Mine at a virgin regional target to test a magnetic high anomaly along the Tomtebo Mine Volcanogenic Massive Sulphide (VMS) mineralized horizon. No significant assay results were returned and interpretation from the whole rock geochemistry data is underway to provide vectors for possible follow up drill holes at this exploration target area. Drill hole TOM22-038 successfully intersected the Steffenburgs massive sulphide lens approximately 40 m down-plunge below previous significant intersections in holes TOM21-025 and -028.

High grade polymetallic mineralization remains open at depth. Hole TOM22-038 also provides important geological information that extends its interpretation of the structure and zonation of mineralization at the Steffenburgs zone. The assay data shows elevated copper and gold grades in parts of the intensely altered footwall "feeder" zone prior to the massive sulphide lens that occurs further down-hole, which is common for VMS style mineralization.

An irregular zone of intense stringer, stockwork, impregnation, semi-massive and massive polymetallic sulphides extends from 249.0 to 274.1 m. Continuous massive sulphides intersected over 3.6 m at 15.8% ZnEq1 (263.0 to 266.6 m) in TOM22-038 represent the "base" of the massive sulphide lens with similar high grades encountered in hole TOM21-001, -025 and -028. The high grade precious metals interval from 273.7 to 274.1 m returned 384 g/t Au and 855 g/t Ag occurs in a sheared chlorite altered zone just above the "top" of the massive sulphide lens.