T2 Metals Corp. announced the safe and successful completion of a 12-hole drill program at the Sherridon copper-zinc project in west-central Manitoba. Sherridon is a well known VHMS camp in the Flin Flon - Snow Lake district, with both a significant mining history and substantial copper-rich historical resources calculated in 2010.

The program was very successful, with 9 of the 12 holes intersecting intervals with greater than 20% chalcopyrite (Cu) or sphalerite (Zn) including numerous intervals of semi-massive or massive sulphide. The final holes from the program are now being logged and sampled by T2 Metals personnel, with half core being progressively dispatched for assay. Assay results remain pending and will be announced as they come available.

With the support of the community, semi-per permanent core and storage facilities have been established in the Sherridon village. Prior to the recently completed program, the Sherridon district had not seen drilling for more than a decade, due a sustained period of low metal prices when the previous operator was active. T2 Metals acquired and reprocessed past exploration data that includes more than 400 drill holes and extensive geophysical data and has identified multiple opportunities for additional copper-zinc discoveries.

These two prospects lie less than 2km from the Sherritt Gordon East and West mines, where 7.74 million tonnes were mined at an average grade of 2.46% Cu, 2.84% Zn, 0.6 g/t Au and 33 g/t Ag (Goetz & Froese, 1981) between 1933 and 1951. Other resource areas will be drill tested in 2024. Lost and Cold mineralization comprise a continuously mineralized horizon over a strike length of approximately 1.8 km.

Indicated and Inferred resources for Bob, Lost, Cold, and Jungle deposits. Mineral Resources were estimated at a net smelter return (NSR) cut-off of USD 20 per tonne and USD 45 per tonne for open pit and underground respectively. Metal prices used were USD 3.00/lb copper, USD 1.05/lb zinc, USD 1,000/oz gold and USD 15.00/oz silver.

Aguila has received the exploration and drilling data, but has not independently confirmed the Mineral Resource estimates. Halo has indicated that no Mineral Resource estimates were completed subsequent to those provided in Table 1.