T2 Metals Corp. announced a third set of results from the 2023 Fourth Quarter infill and delineation drill program at the Sherridon Project in Manitoba, that include the highest gold grades reported from the project to date. Sherridon is a well-known Volcanic Hosted Massive Sulphide ("VHMS") camp in the Flin Flon - Snow Lake Greenstone Belt, with both a significant mining history and substantial copper-rich historical resources calculated on behalf of Halo Resources Ltd. in 2010.

Gold results in hole SHN23005 were rechecked with screen fire assay to overcome potential coarse gold analytical issues. Additional ground in the Sherridon area has been staked by T2 Metals in response to the results from this drilling program. The most significant drill intersections of copper ("Cu"), zinc ("Zn"), gold ("Au"), and silver ("Ag") are provided below and in Table 2. (Cu(%) Cu(USD/t)) + (Pb(%) Pb(USD/t) + (Ag(USD/oz)/31.1) - 100) + (Au(g/t) - (Au(USD/oz)/31.1) /Zn(USD/t).

The 2023 Fourth Quarter drill program saw 12 holes drilled with 10 intersecting intervals of semi-massive or massive sulphide from the Lost Lake and Cold Lake prospect areas. The exceptional thickness of mineralization in hole SHN23005 may be associated with a range of factors, including late remobilization of Au, Ag and Pb into the hanging wall of the VHMS system (analogous to the Chisel Lake Basin VHMS deposits found 70 km to the southeast) following intense regional deformation and metamorphism that effectively thickened the host horizon, and present a new targeting opportunity. Gold-rich and gold-dominant VHMS deposits are well known from the Flin Flon- Snow Lake Greenstone Belt and form very attractive targets.

The grade and thickness of SHN23005 demonstrates the quality of mineralization that can exist at Sherridon, presenting new targets throughout the project area. The Sherridon project is a relatively underexplored part of the Flin Flon -Snow Lake Greenstone Belt, particularly with respect to deep drilling and targets similar to that drilled in SHN23005 lay completely untouched. It is also important to note that the while the Sherridon area is spatially and genetically associated with the prolific Paleoproterozoic Flin Flon - SnowLake Greenstone Belt ("FFSLGB"), it has been under-explored despite the abundance of highly prospective felsic volcanic rocks, which host almost all of the historic VHMS resources in the FFSLGB, and despite the widespread precious and base metal endowment.

The company is incorporating 2023 results including assays, lithogeochemistry and core logging into its 3-D geological model to complete interpretation/analysis. Many geophysical follow-up opportunities and key VHMS-associated structural controls exist at Sherridon which provide additional high-value targets for planned 2024 drill programs. Cold Lake, Lost Lake and other historic resource areas are being considered for drill testing in 2024. Cross sections will be provided during First Quarter 2024 when all drill data is received and reported.

Hole terminated before target. Hole terminated before target.