New Project Acquisition In Alaska

VANCOUVER - Tectonic Metals Inc. reported on exploration activities and new project acquisition in Alaska. Over the course of 2021, Tectonic successfully completed 5,018 meters ("m") of drilling, including 12 holes for 2,319m of the first oriented core diamond drilling and 18 holes for 2,699m of reverse circulation ("RC") drilling at the Company's Tibbs Gold Project ("Tibbs"). Drilling tested known high-grade gold targets and newly discovered prospects exhibiting coincident gold-in-soil anomalies, high-grade mineralization in grab samples, and both surficial structural lineaments and subsurface geophysical anomalies. Phase I drill results have been released; Phase II assays (85% of Tectonic's total drill program) are pending.

Tony Reda, President and CEO, said, "Tectonic's 2021 exploration program at Tibbs was predicated on our desire to find the next mineable gold deposit in the Goodpaster Mining District. Our ambition is reflected in the capital we raised this year and the diligent, aggressive approach we have taken with this year's exploration program at Tibbs resulting in the deployment of two drills to site and the most targets being drill tested in one season at Tibbs. For us, the win is not only in discovering gold, but doing so in a safe and responsible manner. This year, like last year, we had zero COVID-19 cases. Were there challenges, yes of course, there always are, but how you deal with those challenges is what separates a good team from a great team. I am proud of our team, both in the field and off, for their ability to adapt to each situation, pivot, regroup and execute. The Phase I exploration program was a success with drilling demonstrating high-grade gold at two Tibbs' gold zones while prospecting, rock sampling and an accompanying geophysical survey fortified the merit of drill testing our gold-in-soil anomalies now. Having raised additional funds to allow us to be opportunistic, Tectonic quickly launched a Phase II exploration program and delivered a comprehensive drill test focused on making new discoveries in the gneissic terrain of our property. Lab delays mean the majority (85%) of our assays have yet to be released, but we eagerly anticipate sharing these with the market as soon as they are available."

Eric Buitenhuis, VP Exploration, commented, "2021 was a year of "Firsts" for the team at Tectonic, with a comprehensive exploration program led by an aggressive drill campaign that stepped out on our previous discoveries, built on our existing knowledge and pushed into the previously unexplored western gneissic frontier at Tibbs. We not only drilled the first ever oriented diamond core at Tibbs but also completed comprehensive mapping and prospecting programs at our Tibbs South, Mt. Harper and Maple Leaf properties. Another "First" was our TITAN-160 survey, the first high-powered ground-based geophysical survey completed over the western rocks at Tibbs, which provided unprecedented insight into the nature of the controlling structures there. Our 2021 exploration program reflected our attention to detail, aggressive targeting, and fundamental reliance on a scientific approach to advancing our projects."

While positive results have been released from Tibbs' Phase I programs, Tectonic eagerly awaits assays from Phase II of our campaign. The planning and development of our 2022 field season will be informed by these results and the Company looks forward to updating the market at the earliest opportunity.