Mr. Matthew Gollat reports

ERRINGTON METALS EXPANDS LAND POSITION IN THE WORLD-CLASS SUDBURY BASIN

Errington Metals Corp. has signed a purchase and sale agreement to acquire certain unpatented mining claims to expand its land position in the world-class Sudbury basin by approximately 48 per cent, adding 2,727 hectares complementary to the company's growing portfolio.

Highlights:

• Acquisition adds 2,727 hectares in the Sudbury basin, increasing total companyland holdings by approximately 48 per cent;
• Expansion strengthens Errington's district-scale position near established infrastructure and producing mines;
• New claims provide additional exposure to prospective geological units associated with known sulphide mineralization in the region.

Agreement terms:

• Total cash payments of $150,000;
• 60,000 common shares;
• 1.5-per-cent net smelter royalty with 50-per-cent buyback option;

"This acquisition reflects our opportunistic and disciplined approach to growing Errington's land position in the Sudbury basin when we see ground that is strategically located and geologically compelling and at a very attractive valuation," said Matthew Gollat, president and chief executive officer of Errington Metals. "However, while this acquisition meaningfully expands our regional footprint and gives us additional exposure to prospective targets, our primary focus remains firmly on advancing our current flagship property through systematic drilling, technical work and the development of a clear path toward an initial mineral resource estimate."

About the property

The claims to be acquired provide Errington with an expanded footprint over prospective geology within the Sudbury igneous complex, one of the world's premier mining districts. The majority of the claims cover the upper portion of the Sudbury igneous complex (granophyre unit), with the producing Garson nickel/copper/platinum group element mine located approximately five kilometres to the south. The property also covers portions of the lower Onaping formation, the stratigraphic footwall rocks associated with the company's other mineralized zones, consisting of volcanic and sedimentary rocks.

Although bedrock exposure is limited across much of the property, a power line corridor traversing the claims has been previously mapped, highlighting a volcanic sequence, including volcanic ash units and coarse volcanic breccias. Of particular interest, the fine-grained ash unit that forms the immediate footwall to the Vermilion and Errington massive sulphide occurrences is present immediately north of the property. Stringer-style mineralization is prevalent throughout footwall rocks.

Elsewhere within the Sudbury basin's North Range, particularly near Dowling, similar coarse breccia units host sulphide mineralization. This disseminated style of mineralization may represent hydrothermal feeder systems capable of supporting nearby massive sulphide mineralization. The widespread occurrence of this style of mineralization suggests massive sulphides may have formed elsewhere in the Sudbury basin.

As consideration for the property, the company has agreed to pay to the vendors in the aggregate: (i) $150,000 in cash; (ii) 60,000 common shares of the company; and (iii) the grant of a 1.5-per-cent net smelter returns royalty on the Property, with the company having a right to reduce the royalty to a 0.75-per-cent net smelter return royalty by paying $750,000.

The consideration shares will be subject to four-month hold period under applicable Canadian securities laws. The completion of the acquisition is subject to certain customary conditions, including the approval of the TSX Venture Exchange.

About Errington Metals Corp.

Errington Metals is a focused Canadian exploration and development company targeting critical and precious metals. The company is advancing its wholly owned Sudbury basin project, which hosts high-grade VMS-style (volcanogenic massive sulphide) mineralization in the world-renowned Sudbury mining district. Errington Metals aims to efficiently assess this opportunity and advance high-quality targets through systematic drilling and technical studies.

The company is advancing a planned 45,000-metre drill program designed to support an initial mineral resource estimate and test regional targets.

Qualified person

The scientific and technical information in this press release has been reviewed and approved by Dr. Frank Santaguida, PhD, PGeo. Dr. Santaguida is vice-president, exploration, for Errington Metals and is a qualified person under National Instrument 43-101.

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