Transition Metals Further Defines Cu-Au Porphyry Targets at Pike Warden, Yukon Page 1

• ZTEM™ Survey Highlights Prominent Conductivity Feature Under Coverage in Area Called Copper Junction
• Fieldwork highlights potential porphyry target at Copper Junction, coinciding with potential alteration and copper mineralization
• Four new polymetallic showings discovered, with samples yielding assay values ​​of up to 1.04 g/t Au, 3.63% Cu, 1.37% Mo, 2.6% Zn and 0.12% W

Sudbury, Ontario–(Newsfile Corp. – August 22, 2024) – Transition Metals Corp. (TSXV: XTM) (“Transition” or the “Company”) is pleased to provide an update on the exploration work completed at the Pike Warden Project (“the Property”) located near Whitehorse, Yukon. This summer, the Company’s exploration team focused on areas of the Property considered to have potential to host porphyry Cu-Au mineralization, including Copper North, Copper Junction and Olympus (Figure 1). The work included collecting samples and data to better characterize the geology, structure, alteration, fracture and vein density, and vein types within these areas, as well as sampling all prospective-looking mineralization.

Final data from the Z-Axis Tipper Electromagnetic system (ZTEM™) survey flown by Geotech Ltd. over Pike Warden (see press release dated 22 June 2024) have been received. In particular, the Company’s preliminary interpretation of the ZTEM™ data highlights a large conductivity anomaly centrally located within one of the more prominent areas of potential alteration and enhanced copper mineralization, Copper Junction.

Scott McLean, P.Geo., CEO of Transition Metals, commented: “We are pleased that our work continues to uncover a number of compelling, untested Cu-Au porphyry targets. Our geology team is actively working with our geophysical advisors to prioritize key targets on the property in preparation for drilling.”

Figure 1: Pike Warden Project Map showing notable structural trends, discovered polymetallic finds and recent highlights.

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Sampling results

A total of 79 samples were submitted for analysis, grading up to 1.04 g/t Au, 3.63% Cu, 1.37% Mo, 2.61% Zn and 0.12% W from areas of outcrop and scree mineralization. This work confirmed four new mineralized displays, named Steam, Whistle, Contrition and Daedalus (Figure 1). With the addition of these new zones, the total number of mineralized displays on the property now stands at twenty-nine.