Mr. Victor Feng reports

TINCORP ANNOUNCES APPROVAL OF OMNIBUS EQUITY INCENTIVE PLAN AND GRANT OF STOCK OPTIONS

Tincorp Metals Inc.'s omnibus equity incentive plan has been approved by the TSX Venture Exchange. The omnibus plan was approved by the company's shareholders at the company's annual and special meeting of shareholders on June 21, 2024. It replaces the company's existing stock option plan and allows for the grant of options to purchase up to 10 per cent of the total issued and outstanding common shares calculated on the date of the grant, and the grant of other forms of equity incentive securities to acquire up to 6,690,742 common shares.

The company has granted, subject to regulatory approval, an aggregate of 2.44 million stock options to directors, officers, employees and consultants of the company, pursuant to the terms of the company's omnibus plan. The options are exercisable for a period of five years from the date of grant at price of 25 cents per share, being the closing price of the common shares on the TSX-V on July 4, 2024. The options vest in six equal tranches over a period of three years and are subject to the provisions of the omnibus plan and the policies of the TSX-V.

About Tincorp Metals Inc.

Tincorp Metals is a mineral exploration company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The company acquired a 100-per-cent interests in the Porvenir project and the SF tin project, which are 70 kilometres southeast of Oruro, Bolivia. The company's 100-per-cent-owned Skukum gold project is approximately 84 km south of Whitehorse by road. An independent mineral resource estimate update in respect of the Skukum gold project was completed in October, 2022.

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