T2 Metals Corp. announced a second set of results from the 2023 Fourth Quarter infill and delineation drill program at the Sherridon Volcanic-Hosted Massive Sulphide ("VHMS") Project in Manitoba. Sherridon is a well-known 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. The Project has year-round road access, is 70 km from the mining centre of Flin Flon, and lies upon an operating rail line. The 2023 Fourth Quarter drill program saw 12 holes drilled with 10 intersecting intervals of semi-massive or massive sulphide. The first batch of the Third Quarter 2023 results included 4 shallow holes at the Lost Lake and Cold Lake prospect areas, from which results included 14.5 m at 2.52 % copper equivalent ("CuEq"). This second set of results includes 4 shallow holes from Lost Lake, with very high grades of copper and zinc over significant widths plus associated gold and silver. The high grades demonstrate the potential provided by the VHMS style of mineralization which is common throughout the region. Twelve holes for a total of 1,500 metres were completed by T2 Metals during Fourth Quarter 2023, testing a total strike length of 1,420 metres within and between the Cold Lake and Lost Lake Deposits. These two deposits occur along a VHMS horizon that is both parallel to and normally less than 850 metres perpendicular to the VHMS horizon that hosts Sherritt Gordon's historic Sherridon East and Sherridon 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 1931 and 1951. The Lost Lake and Cold Lake zones comprise a continuously mineralized horizon over a known strike length of approximately 1.8 km. The current T2 Metals drilling campaign further delineates shallow-dipping and plunging massive sulphide lenses and extends the historical drilling results by the previous explorers. It is also important to note that the while the Sherridon area is spatially and genetically associated with the prolific Paleoproterozoic Flin Flon - Snow Lake 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. VHMS deposits are attractive high-value exploration targets that sustain much of the world's supply of zinc, copper and silver and, in addition, are a major source of critical "high tech" metals germanium and indium. They typically occur in districts or "camps" comprised of numerous deposits of various sizes. They can be very high grade and are regularly gold enriched, with large very long-life deposits being "company-makers". Longer-life mining operations tend to show total production exceeding the original pre-mining size by more than three times. VHMS deposits can be discovered with conventional geophysical methods. Most deposits have simple sulphide mineralogy that is amenable to processing and high recovery. The Company's QA/QC drill core sample protocol consists of collection of samples over a minimum 0.3 m interval to a maximum 1.4 m interval over the mineralized portions of the drillhole. The drill core sample is cut in half with a diamond saw, with half of the core placed in individual sealed polyurethane bags and the remaining half securely retained in the original core box for permanent storage. Drill core samples are shipped by transport truck in sealed woven plastic bags to Bureau Vertias Minerals Analytical Lab preparation facility in Timmins, ON for sample preparation. Sample analysis was carried out at Bureau Veritas Minerals laboratory in Vancouver, BC. Gold was determined by Bureau Veritas method FA430, a lead fire-assay fusion of a 30 g pulverized sample with a atomic absorption spectroscopy (AAS) finish. Various metals including silver, gold, copper, lead and zinc were determined by inductively-coupled plasma atomic emission spectroscopy (ICP-AES) or inductively-coupled plasma mass spectroscopy (ICP-MS), following multi-acid digestion (Bureau Veritas method MA270). This method is considered an assay method with a precision of 5% for elements including copper, lead, zinc and silver. Select samples were analysed for gallium (Ga) and germanium (Ge) and concentrations were determined using a
hydrofluoric and aqua regia digest, followed by an ICP-MS finish.