Mr. Garrett Ainsworth reports

DISTRICT STRENGTHENS THE ADVISORY COMMITTEE WITH THE APPOINTMENT OF SOPHIA SHANE

District Metals Corp. has appointed Sophia Shane as a strategic adviser for the company.

Ms. Shane brings decades of experience in capital markets, corporate development and investor relations to District following a career spanning nearly 30 years at the highly successful Lundin Group of Companies. At the Lundin Group, she was involved in all aspects of marketing, branding, shareholder communications, corporate access, financing, regulatory compliance as well as media relations.

Her steadfast mission throughout the years has been to provide the very best in shareholder information. She is passionate about serving investors and looks forward to working with District as it develops and expands into a global leader in exploration and development of uranium and polymetallic projects.

Ms. Shane has been a director of a number of public companies, including Anfield Ventures, which ultimately became Equinox Gold. She is currently a director of Interfield Global Software Inc., a company that provides a fulfilment marketplace for the efficient procurement and management of mining and oil and gas industrial equipment around the globe. She was a fellow of the Canadian Securities Institute (FCSI) and early in her career an investment adviser at Odlum Brown Ltd.

Garrett Ainsworth, chief executive officer of District, commented: "We couldn't be more pleased to have Sophia join the team at District Metals, and her biography speaks for itself. Sophia's deep understanding of Sweden along with her extensive marketing skills and network have already proven to be an asset to the company."

In connection with this appointment the company has granted a total of 250,000 stock options to Ms. Shane, in accordance with the provisions of its stock option plan. Each stock option is exercisable at 17.5 cents per common share (being above the closing price of the company's common shares on Dec. 5, 2023, the grant date). All stock options have a term of five years and vest on the grant date.

About District Metals Corp.

District Metals is led by industry professionals with a record of success in the mining industry. The company's mandate is to seek out, explore and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.

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