Tectonic Metals Inc. announced the results of the Company's inaugural drill program conducted in 2023 at Chicken Mountain, the Flat Gold Project's bulk-tonnage reduced intrusion target. All 19 holes drilled in 2023 intersected gold mineralization and 12 drill holes ended in mineralization. All drill holes intersected gold mineralization: 19 holes drilled across 1.6km of strike down to a maximum vertical depth of 300 m or 428.55m drill hole length, for a total of 2,633m at Chicken Mountain, 12 drill holes ended in mineralization, Mineralization remains open in all directions, Oxidation as deep as 350m down hole, Low sulphur in all drill holes, and Drilling has identified a potentially higher-grade (>1.0 g/t Au) lode that is open for expansion and warranting drill follow up.

Drilling strengthens the case that Chicken Mountain appears to be a Fort Knox /Reduced Intrusion Related Gold System (RIRGS) characterized by gold hosted within sheeted veining and shear zones, strong correlation of gold with bismuth and tellurium and multiple phases of intrusion, with notable structural/fault/shear zones exhibiting domains of intense hydrothermal alteration and higher-grade mineralization. Diamond drilling successfully confirms continuous mineralization to 300 m vertical depth (3 times deeper than average historical drilling and still open in all directions): 37.32m at 1.02 g/t Au within a broader mineralized interval of 146.90m at 0.61 g/t Au and the entire drill hole (CMD23-001) being completely mineralized, ending in mineralization, and yielding 423.15m at 0.41 g/t Au, 36.40m of 1.22 g/t Au within a broader mineralized interval of 170.00m at 0.53g/t Au and the entire drill hole (CMD23-002), a 450m step out from CMD23-001, being completely mineralized, ending in mineralization, and yielding 344.61m of 0.36 g/t Au. Reverse circulation drilling successfully confirms mineralization beyond the periphery of historical drilling; Sixteen drill holes testing 1000m of strike along eastern and western margins of the 4km x ~ 1km gold in soil anomaly; 22.86m of 1.12 g/t Au within a broader mineralized interval of 89.92 m at 0.60 g/t Au and ending in mineralization (CMR23-001) representing a 62.00m step out from the closest historical collar; 24.39m of 1.09 g/t Au within a broader mineralized interval of 76.20m at 0.55 g/t Au and ending in mineralization (CMR23-008) representing a 102.00m step out from the closest historical collar; and 24.38m of 1.00 g/t Au within a broader mineralized interval of 50.29m at 0.74 g/t Au and ending in mineralization (CMR23-012) representing a 134.00m step out from the closest historical collar In 2024, Tectonic plans to continue drill testing new areas of Chicken Mountain.

The original historic drilling locations were predicated on drilling underneath historic placer workings and, therefore, there is not enough concrete evidence to support that this is the best part of the Chicken Mountain gold system. In fact, there is more evidence as stated above suggesting that the "sweet spot" of the system has not fully been discovered yet. That said, the 2023 and historic drill results suggest a multi-million resource opportunity already exists at Chicken Mountain and follow-up expansion drilling is warranted.

Generate drill targets for all of the five other intrusion targets at Flat. As stated previously, each of the intrusion targets has the hallmarks of another RIRGS present at Flat. Ongoing compilation, interpretation, and examination of the 2023 Chicken Mountain exploration results over the coming months.

Complete detailed analysis and integration of the new data with existing historic exploration information, to assist in developing robust 2024 drill targeting vectors at both Chicken Mountain and at other potential intrusion targets on the Flat Project. Key components include: Pathfinder element analysis of soil and drill hole data across the property to elucidate geochemical zonation patterns related to RIRGS targets; Detailed structural analysis of oriented core data at Chicken Mountain and structural interpretation of high resolution 2023 LiDAR data to develop a property wide structural framework; and 3D magnetic inversion to aid in identifying the presence and locations of non-exposed intrusion cupolas. Core cutting and assaying of 2003 historic diamond drill core (a total 744 metres in 4 holes) from Chicken Mountain and nearby intrusion target, Golden Apex, which were only partially sampled despite some samples that returned up to 20 g/t Au.

Ongoing metallurgical test work, including initial small scale column heap leach tests, that will be performed to continue to de-risk and explore heap leaching as viable recovery method for gold mineralization.