Mr. Michael Rowley reports

GROUP TEN METALS SIGNS LETTER OF INTENT WITH MOUNT CAIRNES RESOURCES FOR PARTNERSHIP ON THE ULTRA PGE-NI PROPERTY IN CANADA'S YUKON TERRITORY

Group Ten Metals Inc. has signed a letter of intent with Mount Cairnes Resources Corp. for an earn-in by Mount Cairnes of a 51-per-cent interest in Group Ten's 93-square-kilometre Ultra platinum group element/nickel/copper property in Canada's Yukon Territory by completion of the following requirements over a four-year period:

• Cash payments totalling $750,000 to Group Ten;
• Issuance of three million shares to Group Ten;
• Completion of $3.75-million in exploration work on the Ultra property, with Group Ten as operator.

Group Ten and Mount Cairnes have 90 days from the signing date of the letter of intent to complete and execute a definitive agreement, which will be subject to the approval of the TSX Venture Exchange and Group Ten's board of directors.

Group Ten's president and chief executive officer, Michael Rowley, stated: "We are very pleased to have completed this LOI with Mount Cairnes. The Ultra property is a large claim block within our Kluane platinum group element/nickel/copper project and is highly prospective with multiple historic showings plus additional targets developed by our Yukon exploration team. Group Ten has worked strategically to acquire and consolidate high-quality projects through the low part of the metal price cycle, culminating in the acquisition of our flagship Stillwater West platinum group element/nickel/copper project in 2017. As a result, the company holds a portfolio of high-potential exploration properties in proven mining districts, adjacent to producing mines and advanced-stage deposits. We are now in a position to undertake partnerships or other value-creating arrangements on these secondary assets while we focus our efforts and resources on advancing the Stillwater West project. The company continues to receive and evaluate expressions of interest in our Ontario, Yukon and Alaska properties. We look forward to providing continued updates on these properties as well as reporting continuing advancements at Stillwater West."

About the Ultra property and the Kluane platinum group element/nickel/copper project

The 93-square-kilometre Ultra platinum group element/nickel/copper property is part of Group Ten's Kluane project and is located in the Kluane platinum group element/nickel/copper belt that extends through Yukon from Northern British Columbia to central Alaska. Group Ten's Kluane project properties are each within 15 kilometres of the Alaska Highway and situated on trend with the Nickel Shaw (formerly Wellgreen) deposit, one of the world's largest undeveloped platinum group element/nickel/copper projects. Among other results, trenches from the Ultra project yielded up to 19.5 grams per tonne 3E (5.5 grams per tonne platinum, 13.5 grams per tonne palladium and 0.5 gram per tonne gold), with 4.1 per cent copper and 1.7 per cent nickel from an ultramafic sill. Group Ten owns a 100-per-cent interest in the Ultra platinum group element/nickel/copper property, subject to a royalty interest with buydown provision on portions of the claim block.

About Group Ten Metals Inc.

Group Ten Metals is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The company's core asset is the Stillwater West platinum group element/nickel/copper project adjacent to Sibanye-Stillwater's high-grade platinum group element mines in Montana, United States. Group Ten also holds the high-grade Black Lake-Drayton gold project in the Rainy River district of Ontario and the highly prospective Kluane platinum group element/nickel/copper project on trend with Nickel Creek Platinum's Wellgreen deposit in Canada's Yukon Territory.

Quality control and quality assurance

Debbie James, PGeo, is the qualified person for the purposes of National Instrument 43-101, and she has reviewed and approved the technical disclosure contained in this news release.

Historic samples were collected by reputable operators, using standard quality assurance/quality control procedures and practices current at the time of collection. They are considered reliable. Samples are not necessarily representative of all the mineralization hosted in the area.

We seek Safe Harbor.