Transition Metals resumes drilling at Saturday Night

Executive Summary

• Transition Metals Corp. has commenced follow-up drilling at its 100%-owned Saturday Night PGM project in Ontario, aiming to extend previous encouraging results and test additional basal contact targets.
• The program focuses on deepening hole SN-25-03 by up to 300 meters to test the ultramafic basal contact and drilling new holes to test shallower updip extensions of mineralization, with a minimum of 1,500 meters planned before year-end.
• The company highlights strengthening global PGM market fundamentals, with platinum and palladium prices up over 50% since May 2025, driving interest in secure PGM supply sources.

Key Details

• Drilling Program Scope:
  • Resumed drilling at the Saturday Night project, located ~30 km northwest of Thunder Bay, Ontario.
  • Goal: Follow up on earlier results and target additional zones along the basal contact of the Saturday Night intrusion.
  • Plan: Deepen hole SN-25-03 by up to 300 meters to test the basal contact and related mineralized zones.
  • Additional Holes: Target shallower updip extensions of mineralization intersected in hole SN-25-02.
  • Volume: Minimum of 1,500 meters of drilling planned before year-end.
• Previous Results Context:
  • Hole SN-25-02 intersected 14.00 meters grading 1.04 g/t 3E (Au+Pt+Pd) with 0.19% Cu.
  • Hole SN-25-03 intersected >450 meters of rift-related gabbroic intrusion but was terminated before reaching the ultramafic basal contact due to budget constraints.
  • Earlier assays (Feb/Mar 2025) returned up to 1.44 g/t Pt, 0.90 g/t Pd, 0.21 g/t Au (2.55 g/t 3E PGM) with 0.12% Ni and 0.46% Cu in a 14.00m interval.
• Market Context:
  • Platinum and palladium prices up >50% since May 2025.
  • Company views the timing as favorable for advancing high-quality PGM projects in stable jurisdictions.
• Corporate/Financial Update:
  • Confirms participation of officers and directors in the previously closed critical flow-through-share (CFT) offering.
  • Officers/directors purchased 333,333 CFT shares for an aggregate of $24,999.98.
  • This is a related-party transaction exempt from MI 61-101 valuation/minority approval requirements.
  • Securities subject to a four-month restricted resale period ending Feb 2, 2026.
• Project Geology:
  • Saturday Night comprises 63 staked mining claims in Fowler Township.
  • Hosts a mafic-ultramafic intrusion linked to the Midcontinental Rift (MCR).
  • MCR is associated with Ni-Cu and PGM bearing systems (e.g., Sunday Lake, Eagle, Tamarack, Duluth).
  • Property subject to a 1.0% net smelter return royalty.

Notable Quotes

• Scott McLean, CEO: "Our goal with this program is to build on our previous exploration work at Saturday Night and extend hole SN-25-03, as well as test additional basal contact targets... This program aims to expand the footprint of mineralization and refine our understanding of the basal cumulate geometry and its potential to trap sulphide mineralization."