Mr. Scott McLean reports

TRANSITION METALS ATTENDING PDAC, STRENGTHENS BOARD POST-AGM

Transition Metals Corp. has released the results of its annual general meeting of shareholders held on Feb. 21, 2024, in Toronto, Ont. Transition's shareholders voted in favour of each of the matters considered at the meeting, including: electing each of Scott McLean, PGeo, Jason Marks, Thomas Atkins, Brian Montgomery and Jordan Black, PEng, as directors of the company to hold office for the ensuing year; appointing McGovern Hurley LLP as the company's auditor for the ensuing year and authorizing the board of directors to set the auditor's remuneration; and approving Transition's omnibus equity compensation incentive plan.

The company is delighted to welcome Mr. Black as a new director. Mr. Black, who is a professional engineer (PEO), currently serves as the chief executive officer at Ramp Metals Inc. His background includes a range of roles in engineering, business development and investment within the mining sector.

Regarding Mr. Black's election, Scott McLean, Transition CEO, commented: "We're thrilled to welcome Jordan to our team. His blend of entrepreneurial spirit, industry expertise, management acumen and capital market knowledge is truly exceptional. We eagerly anticipate the impact he'll have on driving the company's growth through his insights and influence."

PDAC (Prospectors & Developers Association of Canada) 2024: investors exchange booth No. 2126

Transition Metals invites interested parties to meet with company representatives at booth No. 2126 in the investors exchange at the annual PDAC Mining Convention. The 2024 convention will be held from March 3 to March 6 at the Metro Toronto Convention Centre (MTCC), Toronto, Canada. The PDAC is considered to be the world's premier mineral exploration and mining convention.

Company representatives will be available to provide updates about the company's many attractive projects and exploration plans for 2024. In addition, the company holds numerous high-quality exploration properties available for option and representatives would be happy to review these opportunities with those looking for projects in Canada.

Next Gen Geo prospect generation challenge sponsor

Transition Metals is once again pleased to be a sponsor of Next Gen Geo's 2024 prospect generation challenge, held during the PDAC. This competition is a Dragon's Den-style live event where exploration ideas are pitched by teams of university students from around the world. Winners of the event receive cash prizes for the advancement of their proposed ideas. From previous iterations of the challenge, Transition Metals has reviewed excellent projects that have led to option agreements with participants.

Qualified person

The technical elements of this news 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 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.

We seek Safe Harbor.