Mr. Scott McLean reports

TRANSITION METALS COMMENCES HYPERSPECTRAL AND LIDAR SURVEYS ON PIKE WARDEN PROJECT IN THE YUKON, AND MOBILIZES FIELD CREWS

Transition Metals Corp. has commenced a comprehensive remote sensing program comprising hyperspectral and lidar surveys on its Pike Warden project located near Whitehorse, Yukon. In addition, the company's field crews have mobilized to initiate a program of mapping, sampling and hand trenching activities on select targeted areas.

The property covers a substantial land package on the margins of the Bennett Lake volcanic complex (BLVC). The company has characterized 18 identified mineralized zones, which demonstrate the significant potential of a much larger epithermal mineralizing system. Drilling of one of the showings in 2022 returned 21.34 metres grading 91.43 grams per tonne silver, including 1.52 m grading 362 g/t Ag (see company news release dated Jan. 16, 2023). Transition is committed to leveraging cutting-edge technologies, such as those being used in this remote sensing program, along with a strong foundation of scientific work to fully discover the project's exploration opportunities.

Scott McLean, PGeo, chief executive officer of Transition Metals, expressed his enthusiasm about the forthcoming field work, saying: "We are progressing the project with the initiation of comprehensive hyperspectral and lidar surveys on the Pike Warden project. By utilizing advanced remote sensing technologies, we aim to unlock the full exploration potential of this highly prospective area. Our team is excited to commence fieldwork and begin the process of collecting and analyzing data, which will guide our future exploration efforts."

Remote sensing surveys

The company has engaged PhotoSat to carry out hyperspectral mapping. PhotoSat utilizes high-resolution multispectral satellite imagery from optical satellites to locate zones of highly altered rocks typically associated with mineralization. The survey is designed to target areas for follow-up ground exploration. This innovative approach will allow Transition's exploration team to focus its exploration programs and help locate and delineate alteration and mineralization zones on the property.

Simultaneously, a property-wide lidar survey, contracted to Pioneer Exploration Consultants Ltd., will employ state-of-the-art light detection and ranging technology to generate precise three-dimensional elevation maps of the project area, inclusive of orthophotography. These high-resolution topographic data will offer invaluable insights into geological structures and potential mineralization patterns across the Pike Warden project. The integration of hyperspectral and lidar data will enhance the company's understanding of the project's geology, enabling more effective and targeted exploration.

Fieldwork

Transition is deploying a multiperson, 10-day field program on the property, focused on ground truthing, sampling and geological mapping of previously unexplored regions of the property. A total of 18 mineralized zones have been identified to date (see news releases dated Jan. 16, 2023, and Oct. 5, 2022) highlighting the importance of groundwork on this property. The work this year will further characterize the potential polymetallic mineralizing system present at Pike Warden.

About the Pike Warden property

The Pike Warden property is located approximately 65 kilometres southwest of Whitehorse, Yukon, and comprises 185 contiguous mining claims totalling approximately 37 square km. The property encompasses a combination of historic and recently discovered high-grade polymetallic gold, copper and silver epithermal showings that are potentially indicative of a large epithermal-porphyry system in the vicinity of the BLVC. In June, 2022, Transition Metals entered into an option to acquire a 100-per-cent interest in the property from the vendor in exchange for cash shares and work expenditures over a four-year period (please refer to news release dated June 8, 2022).

Qualified person

The technical elements of this press release have been approved by Benjamin Williams, PGeo (PGO), who is a qualified person as defined under National Instrument 43-101.

About Transition Metals Corp.

Transition Metals is a Canadian-based, multicommodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by financing a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution.

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