Mr. Lawrence Roulston reports

MTB ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

MTB Metals Corp. has closed a non-brokered private placement for gross proceeds of $320,000 through the issuance of 3.2 million flow-through units at a price of 10 cents per FT unit.

Each FT Unit consists of one flow-through common share in the capital of the Company (each, an "FT Share") that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share (a "Warrant Share") for a period of three (3) years from the date of issuance at an exercise price of $0.18 per Warrant Share. In connection with the Offering, the Company issued 224,000 finder's warrants (the "Finder's Warrants") and paid a cash commission of $22,400 to certain arm's length finders, including Qwest Investment Fund Management Ltd and Red Cloud Securities Inc. Each Finder's Warrant entitles the holder thereof, to purchase one additional Warrant Share at a price of $0.18 for a period of three (3) years from the date of issuance.

The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued in connection with the Offering are subject to a four-month hold period from the closing dates under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The Company intends to use the gross proceeds raised from the Offering for exploration and related programs on the Company's mineral properties, primarily the Telegraph porphyry copper-gold project in British Columbia's Golden Triangle.

About MTB

MTB has six active projects spanning 580 square kilometres in the prolific Golden Triangle of northern British Columbia. With the focus on the Telegraph project, discussions are now underway leading to joint ventures and/or spinouts of other projects.

Telegraph is located in the vicinity of 4 world-class porphyry deposits being advanced by major mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newmont / Imperial Metals). Field work, including drilling, by MTB on its 344 square kilometre property, together with earlier results, provides compelling evidence for the presence of one or more porphyries, similar to the others in the area. Assay are pending from four drill holes.

The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 km from the deep-water port of Stewart. There are multiple silver, gold and copper occurrences on the property, including a 2006 drill hole that encountered 5 kgs of silver over 5 metres. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. Recent drill results include 2 meters of 26 g/t gold. On the BA property, 182 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Several targets with high-grade silver potential remain to be tested. Drilling in October on the George Copper zone encountered copper mineralization, with assays pending. On the Theia project, work by MTB and previous explorers has outlined a silver bearing mineralized trend 500 metres long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton). Two other zones on the property produced copper values over 5%.

Southmore is in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s and was overlooked until MTB consolidated the property and carried out airborne geophysics and field work which confirmed several zones of gold and copper, with values up to 20% copper and 35 g/t gold.

We seek Safe Harbor.