Commencement Of 2024 Drilling Program At Flat Gold Project

VANCOUVER - Tectonic Metals Inc. announced the initiation of the 2024 drilling program at the Company's flagship, Flat Gold Project in southwestern Alaska. This program only marks Tectonic's second year of drilling at Flat, an expansive, district-scale intrusion-hosted gold system hosting six intrusion targets. The project, covering 99,000 acres is located on predominantly Alaskan Native-owned land under Doyon, Limited, one of Alaska's largest Native Regional Corporations and Tectonic's second-largest shareholder. The partnership between Doyon and Tectonic is formalized through a legally binding mineral lease production and impact benefits agreement, covering all aspects of exploration through to production. This agreement aligns the interests of both parties, reduces risk, and streamlines the process from discovery to development, production, and reclamation.

Peter Kleespies, Vice President of Exploration, commented: "We are pleased to commence the 2024 exploration program at our flagship Flat project and test the results of our ongoing compilation and interpretive work based on the application of modern exploration models and technologies which has resulted in the generation of a suite of high quality, intrusion-related gold targets. Our 2024 Reverse Circulation drilling program will follow-up on the higher-grade mineralized corridors identified in our 2023 drilling at Chicken Mountain and Adit, and focus on outlining the extent, orientations, and potential intersection geometries of the mineralized structures. We are especially excited to begin the inaugural exploratory drilling on potential buried intrusions at the Golden Apex Target and the extension of the Chicken Mountain Intrusion at the Alpha Bowl Target, both of which have received very limited past work despite over 50 years of exploration history at Flat."