Transition Metals Corp. provided an update on its Pike Warden Au-Ag-Cu Property located approximately 65 kilometres southwest of Whitehorse. The Company is in receipt of its approved Quartz Class 1 Notification for the Pike Warden project from the Yukon Government.

This will allow the Company to execute exploration programs pursuant to Yukon Quartz Mining Act and Territorialands (Yukon) Act, which include prospecting, geological mapping, hand trenching, and percussion reverse circulation (RC) drilling across the property. Pike Warden boasts 18 historic and recently discovered high-grade polymetallic showings, which are indicative of a large epithermal-porphyry system. Sampling across the property to date has returned up to 11,270 g/t Ag, 44.5 g/t Au, 7.49% Cu, and 59.6% Pb.

Furthermore, maiden drilling at the ERT Zone completed by Transition returned up to 104.64 g/t AgEq over 21.34 metres. Note: AgEq (Silver Equivalent) calculation based on gold and silver content with gold price of $1,800 per Oz Au and silver price of $23 per Oz USD; with lengths reported as drilled length. In addition, the research work being carried out by Western University has demonstrated that the showings are all related to a single mineralizing event across the 37 km2 property.

Final results from the Synchrotron Mineral Studies are expect soon and will be announced once finalized. Transition Metals' exploration team is eager to get back into the field this summer to continue working on this highly prospective project. The Company intends to complete a program of work consisting of systematic prospecting, mapping, and hand trenching across the property to follow up on results acquired in 2022.

This work aims to further define and discover additional structural trends, alteration footprints, and zones of mineralization, particularly in the underexplored northern claims which were not worked in 2022. In addition, an RC drill program is also being considered, to further evaluate the extent of mineralization at the ERT Zone and additional high-priority showings on the property.