Transition Metals Corp. disclosed assay results from a program of shallow reverse- circulation (RC) drilling completed at the ERT Zone on its Pike Warden Au-Ag-Cu Property located approximately 65 kilometres southwest of Whitehorse. Three track mounted percussion RC drill holes totalling 204.2 metres, completed in October 2022, tested the down-dip extent of sub-cropping mineralization at the ERT zone.

Previously disclosed chip sampling of this zone returned a length weighted average of 42.0 metres grading 64.28 g/t AgEq, including 7.8 metres grading 170.63 g/t AgEq, 0.70 metres grading 539.72 g/t, and 0.4 m grading 563.97 g/t AgEq*. The holes intersected two sub-parallel zones of high-grade silver mineralization which dip steeply to the south (070°/65°) and are hosted within a broad zone of altered brecciated and flow-banded felsic to intermediate volcaniclastic rocks associated with the Bennett Lake Volcanic Complex (BLVC). The mineralization consists of diffuse, fine-grained, black to sooty, replacement style silver-bearing sulphosalts and sulphides associated with shear zones within a larger pyritic envelope.

Discussion of Results: Located 10 kilometres to the north in a similar geologic environment, the Skukum Creek Gold-Silver Deposit is estimated to contain an Indicated Mineral Resource of 1,001,300 tonnes at 7.75 g/t Au equivalent and an additional Inferred Mineral Resource of 537,000 tonnes at 6.22 g/t Au equivalent. Work completed by Optionor on the Property in 2019, 2020, and 2021 identified multiple new showings associated with the BLVC dykes and associated structures. Mineralization tends to be concentrated near the intersection of northeast and east-west-trending structures.

High silver, gold, copper, molybdenum, and lead values in quartz veins suggest an intermediate to high sulfidation setting.