Mr. Lawrence Roulston reports

MTB ANNOUNCES SHARES FOR DEBT TRANSACTION

MTB Metals Corp. has agreed to issue an aggregate of one million common shares of the company at a price of four cents per share in settlement of payment owed pursuant to an advisory agreement with Red Cloud Securities Inc., totalling $40,000.

The debt settlement is subject to TSX Venture Exchange approval. The settlement shares will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable securities legislation.

About MTB Metals Corp.

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 under way, leading to joint ventures and/or spinouts of other projects.

Telegraph is located in the vicinity of four 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 centred on the historic Mountain Boy silver mine. The project is road accessible and 20 kilometres from the deepwater port of Stewart. There are multiple silver, gold and copper occurrences on the property, including a 2006 drill hole that encountered five kilograms of silver over five metres.

Red Cliff is a past-producing gold and copper mine in which the company holds a 35-per-cent interest. Recent drill results include two metres of 26 grams per tonne (g/t) gold.

On the BA property, 182 drill holes have outlined a substantial zone of silver-lead-zinc mineralization, located four kilometres 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 kilograms per tonne silver (1,100 ounces per ton). Two other zones on the property produced copper values over 5 per cent.

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 per cent copper and 35 g/t gold.

We seek Safe Harbor.