Mr. Scott McLean reports

TRANSITION IDENTIFIES NEW PGM-NI-CU TARGET NEAR SUNDAY LAKE

Transition Metals Corp. has staked a magnetic target, comparable with other early rift intrusions in this area, located approximately 16 kilometres west of its Sunday Lake discovery near Thunder Bay, Ont. The target, named Saturday Night, was highlighted by a recent airborne survey flown by the Ontario Geological Survey (OGS), released to the public on April 24, 2015. The Saturday Night target occurs on strike of major structures interpreted to have controlled the emplacement of the nearby Sunday Lake and Thunder Bay North PGM-bearing (platinum group metals) intrusions.

Transition's chief geophysicist, Kevin Stevens, PGeo, commented, "The target has the right-looking remanent magnetic response signature and shape to be a prospective early rift intrusion, with many similarities to the anomaly associated with the Sunday Lake intrusion."

Company chief executive officer and president Scott McLean, PGeo, commented: "Our efforts in the area over the years have taught us a great deal about the features characteristic of fertile Mid-Continental rift intrusions. We are excited about the prominent magnetic feature associated with this new target and that it lies along one of the main structures associated with the Sunday Lake discovery. Without the significant contribution gained from new airborne geophysical data provided by the Ontario Geological Survey and its strong commitment to encouraging exploration for Ni-Cu-PGM [nickel-copper-PGM] deposits in the Thunder Bay area, this target would not have been known."

About the Saturday Night target

The Saturday Night target is a one-kilometre-diameter, circular magnetic feature located 16 kilometres west of the Sunday Lake discovery in Fowler township, north of Thunder Bay, Ont. The target is situated along the northern contact of the Trout Lake granite and appears to have a similar magnetic expression to that of Sunday Lake, being strongly remanently magnetized and roughly circular in shape. It occurs on a strong magnetic lineament, believed to be associated with a south-bounding structure to the Sunday Lake intrusion. Following a review of the released OGS data, Transition staked a 100-per-cent interest in 512 hectares to cover the target. This property lies outside the currently defined areas of interest for the Sunday Lake joint venture.

Qualified person

The technical elements of this press release have been approved by Greg Collins, PGeo (APGO), a qualified person under National Instrument 43-101.

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