Mr. Scott McLean reports

TRANSITION METALS CORP ANNOUNCES A $700,000 PRIVATE PLACEMENT

Transition Metals Corp. intends to raise up to $700,000 by way of a non-brokered private placement consisting of up to 9,333,333 critical flow-through shares (the CFT shares) at a price of 7.5 cents per CFT share for proceeds of up to $700,000.

A finder's fee may be paid in connection with the offering to finders, as determined by mutual agreement between the corporation and the finders and subject to regulatory approval. The finders' fee will consist of 6 per cent cash for CFT shares sold to investors introduced by such finders and an additional 6-per-cent non-transferable share purchase warrants equal to 6 per cent for CFT shares sold to investors introduced by such finders. The compensation warrants will permit the finder to purchase one common share in the capital of the company for 18 months from closing at a price of 12 cents.

Proceeds from the CFT shares issued in connection with the offering will be used to explore and advance critical minerals properties in Ontario (Saturday Night PGM (platinum group metals)) and Yukon (Pike Warden Au-Ag-Cu (gold-silver-copper)). The securities issued in connection with the offering, including any common shares issued upon exercise of the compensation warrants, will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing date. completion of the offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange. There can be no assurance that the offering will be completed as proposed or at all.

About Transition Metals Corp.

Transition Metals is a Canadian-based, multicommodity explorer. The 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.

We seek Safe Harbor.