Mr. Tony Reda reports

TECTONIC METALS ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Tectonic Metals Inc. shareholders have approved all matters voted on at the annual general and special meeting of shareholders held on Thursday, Sept. 21, 2023, including:

• The re-election of Antonio Reda, Curtis J. Freeman, Allison Rippin Armstrong, Joseph J. Perkins and Michael W. Roper to the Tectonic board of directors;
• The reappointment of Davidson & Company LLP as auditor of the company;
• The approval of the special resolution authorizing Crescat Capital as a new control person;
• The approval of the special resolution authorizing a potential consolidation of the company's common shares on the basis of one postconsolidation common share to 20 preconsolidation common shares (noting that the company has no current plans, nor obligation, to enact a share consolidation);
• The approval of the company's amended equity incentive plan (which was updated to comply with changes to the underlying security regulations).

About Tectonic Metals Inc.

Tectonic brings a highly disciplined capital allocation and development process to mineral exploration. By consistently limiting their focus to Tier 1 opportunities that fit their formula for mine economics, and derisking projects upfront, the team has established a tremendous record of success. Members of the Tectonic team have been directly involved in identifying and monetizing several significant gold discoveries throughout North America that have created a tremendous amount of value for shareholders and stakeholders.