Grid Metals Corp. announced that it has entered into agreements with arms' length third party vendors to acquire additional property in southeast Manitoba. The acquisitions have enabled Grid to establish a dominant land position prospective for nickel, copper, platinum group metals and cobalt - all key critical metals.

Additional ground in the belt has been acquired through staking. The new properties provide a significantly enhanced scope for the discovery of additional nickel-copper-PGM mineralization in the belt. The Company currently owns a resource prepared in accordance with NI 43-101 comprising a total of 33.3 Mt of Indicated Resources averaging 0.27% Ni, 0.37% Cu and 0.14 g/t Pd (Report on the Preliminary Economic Assessment of the Combined Mayville-Makwa Project, Manitoba, Canada (RPA Inc., April 2014)).

The resources comprise two separate near-surface magmatic sulfide deposits, viz.: The Makwa deposit, comprising 7.2 Mt of Indicated Resources averaging 0.61% Ni, 0.13% Cu and 0.36 g/t Pd; and, The M2 deposit, comprising 26.6 Mt of Indicated Resources averaging 0.18% Ni, 0.44% Cu and 0.14 g/t Pd The acquisition of these new properties will result in an immediate increase to project resource inventory and provide significant scope for further resource expansion through exploration. The Company's aspirational target/model (goal) is to expand the base metal resources at the project to greater than 200,000 tonnes of contained nickel and 300,000 tonnes of contained copper (i.e., increase global resources to >80 million tonnes combined at approximate current grades) and to proportionally increase the associated platinum group metals and cobalt content. The Company believes that these levels will provide scope for a long-life high output nickel copper PGM operation having high metal tenors and average grades similar to that of the Kevitsa Mine (Boliden NL) in northern Finland - one of the lowest cost nickel producers in the world.