TORONTO - Grid Metals Corp. (the 'Company') (TSXV: GRDM) (OTCQB: MSMGF) is pleased to report additional drilling results from the Phase 1 drill program at its Donner Lake lithium property in southeastern Manitoba.

In addition, the Company has started field work at the Property that will initially focus on sampling of several previously mapped pegmatite dykes. The project is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite and the associated Tanco lithium-cesium-tantalum mine and concentrator. The project is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance.

About the Donner Lake Lithium Property

The Property is owned 75% by Grid Metals Corp. and 25% by Lithium Royalty Corp. (LRC), which is funding 25% of the current exploration program. LRC holds an overriding 2% royalty on the property.

The Property was acquired by Grid from Tantalum Mining Corporation of Canada Limited (Tanco) which has the first right to acquire products produced from the property at commercial terms and holds a 2% royalty on certain claims.

Sinomine Canada is currently operating a lithium spodumene circuit at its Tanco Mine facility, located approximately 35 km to the southwest of the Donner Lake Property.

Donner Lake is only 180 km from the provincial capital of Winnipeg and accessible by all season roads and logging trails and there is nearby access to Canada's major east-west railway line.

Grid Metals has an exploration agreement in place with the Sagkeeng First Nation, whose Traditional Lands include the Donner Lake and Mayville properties.

The Property has nearby access low-cost renewable power from Manitoba's extensive hydro-electric grid.

There are multiple LCT-type pegmatite dykes on the Property including the Main Dyke that, in 2018, was drill tested by Grid over a 1 km strike length. The dykes are located along a 9 km long prospective geological contact between the Bird River greenstone belt and the Makwa Lake batholith and occupy obvious structural trends.

The Main Dyke and Northwest Dyke together supported a non-compliant historical resource estimate of 3.8 million tons at a grade of 1.28% Li2O (Manitoba Mines Branch Assessment file 91769A). This resource estimate cannot be independently verified by the Company. The Company is looking to complete resume drilling later this year to establish a maiden NI 43-101 lithium resource and continue exploration for other LCT-type pegmatites on the Property.

The Property is significantly underexplored with a large portion of the prospective geology having seen no prior lithium exploration.

About Grid Metals Corp.

Grid Metals Corp. maintains an attractive portfolio of exploration and development stage properties focused on battery metals (nickel, lithium, copper, cobalt, platinum group metals cobalt) and emission reduction technologies (palladium, platinum, rhodium) in the Provinces of Manitoba and Ontario, Canada. The Company is currently focused on advancing both its Donner Lake lithium and its PEA stage Makwa-Mayville Cu-Ni-PGM-Co assets in southeastern Manitoba.

Contact:

Robin Dunbar

Tel: 647 201 6844

Email: rd@gridmetalscorp.com

(C) 2022 Electronic News Publishing, source ENP Newswire