Mr. James Rogers reports

TURMALINA STRENGTHENS BOARD & ADVISORY COMMITTEE

Turmalina Metals Corp. has reappointed Miguel Inchaustegui to the company's board of directors, effective April 3, 2024. Mr. Inchaustegui will be an independent director as well as a member of the audit committee. The company is also pleased to announce the appointment of Michael Carew to the company's advisory committee.

Luis Miguel Inchaustegui Zevallos was born in Lima, Peru, and is a lawyer graduated from the University of Lima, with an MBA from the San Ignacio de Loyola University, and has taken negotiation courses at the Kellogg School Management of Northwestern University.

Mr. Inchaustegui is a consultant on strategic issues, corporate affairs and sustainable development, currently advises some mining companies when required, is an independent director of Alta Copper (before Candente Copper), OCP Cobriza and APC Corp., is a consultant for a transparency initiative in Peru carried out by the organization Resources For Development (R4D), writes articles in business and mining newspapers in Peru, and participates as a speaker in some events on governance, mining and shared value.

Mr. Inchaustegui has more than 28 years of experience in the mining sector; during his years of experience, he has been Minister of Energy and Mines from August to November, 2020, consultant for external products and services (PEC) of the Inter-American Development Bank from March to August, 2020, independent director of Turmalina Metals in 2019 and 2020, he has also served as Vice-Minister of Mines from May, 2018, to April, 2019, and as vice-president of corporate affairs and sustainable development of Gold Fields La Cima SA from April, 2012, to September, 2017, and as vice-president of government affairs and deputy general manager of Lumina Copper (Galeno project).

Mr. Carew holds a PhD in geology and has over 20 years of corporate and capital markets experience. This includes a variety of exploration/business development roles for several small-cap explorers and multinational mining companies, including Ivanhoe Mines in Mongolia and BHP Billiton in Australia. Mr. Carew was an equity analyst at Haywood Securities, providing research and recommendations to both retail and institutional clients, and has held executive positions at several Canadian-listed small-cap, junior explorers. This experience has facilitated the critical analysis of a variety of deposit and commodity types from both a technical and capital market perspective.

Grant of stock options and restricted stock units (RSUs)

The company announces it has granted 150,000 restricted stock units to officers, directors, employees and consultants of the company under the terms of the company's restricted share unit plan, and which have a two-year vesting period.

Chanape, Peru, update

Turmalina further announces that it has decided not to proceed with exercising its option on the Chanape project, its copper-gold project in the Lima district, Peru. The company will continue to focus on its current project in San Juan province, Argentina, and anticipates reviewing potential new projects in South America and globally.

About Turmalina Metals Corp.

Turmalina Metals is a TSX Venture Exchange-listed exploration company focused on developing its portfolio of high-grade gold-copper-silver projects in South America. Turmalina Metals is led by a team responsible for multiple gold-copper-silver discoveries. Its projects are characterized by open high-grade mineralization on established mining licences that present compelling drill targets. The principal 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 [National Instrument] 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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