Mr. James Rogers reports

TURMALINA ANNOUNCES TERMINATION OF MARKETING AGREEMENT

Further to the news release dated March 2, 2023, Turmalina Metals Corp. has terminated its consulting agreement with OGIB Corporate Bulletin, effective immediately.

The company seeks to clarify prior disclosure with respect to the agreement. The company previously disclosed that payments would occur in three instalments of $75,000, rather than on entry into the agreement. The full cash fee of $225,000 was paid to OGIB on entry into the agreement, and subsequently, the company arranged a refund of $150,000, with plans to pay such amount in two remaining instalments of $75,000. To date, only $75,000 has been paid of the total $225,000 previously contracted, and such amount is being retained by OGIB for the services provided.

The parties have terminated the agreement as the company was unable to receive approval from the TSX Venture Exchange for the agreement. There are no moneys currently held by OGIB in advance of any work done or to be done.

About Turmalina Metals Corp.

Turmalina is a TSX Venture Exchange-listed exploration company focused on developing its portfolio of high-grade gold-copper-silver projects in South America. Its focus is on tourmaline breccias, a deposit style overlooked by many explorers. Turmalina is led by a team responsible for multiple gold-copper-silver discoveries, which is highly experienced in this deposit style. Its projects are characterized by open high-grade mineralization on established mining licences that present compelling drill targets. The flagship project held by Turmalina is the San Francisco project in San Juan, Argentina. For further information on the San Francisco project, refer to the technical report entitled "NI 43-101 Technical Report, San Francisco Copper Gold Project, San Juan Province, Argentina," dated Nov. 17, 2019, under the corporation's profile at SEDAR+.

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