Exploration Program At Stillwater West Project

VANCOUVER - Group Ten Metals Inc. has retained Oretest Drilling and Simcoe Geoscience for 2021 exploration programs at the Stillwater West platinum group element, nickel, copper, cobalt, and gold (PGE-Ni-Cu-Co + Au) project in Montana, adjacent to Sibanye-Stillwater's high-grade palladium-platinum mines. Group Ten's 2021 exploration program targets world-class polymetallic deposits of battery metals, platinum group elements and gold in a famously productive and metal-rich mining district which supports the highest-grade palladium-platinum mines in the world, as well as a smelter and refinery complex, in the USA. The Company's work to date has demonstrated potential for bulk tonnage Platreef-style deposits of nickel and copper sulphide that host palladium, platinum, rhodium, gold, and cobalt within the lower Stillwater complex, based on known parallels with South Africa's Bushveld complex.

Highlights: Oretest Drilling has been retained for a planned 10,000-meter, multi-rig drill campaign with the primary objective of expanding drill-defined mineralization at the three most advanced areas, while also testing adjacent priority targets identified in the 2020 Induced Polarization ("IP") survey; Results from 2021 drilling are expected to drive expansion of the inaugural mineral resource estimates that are now in development at each of the Chrome Mountain, Camp, and Iron Mountain target areas. Publication of these initial resources is targeted for summer 2021 from mineralization that starts at or near surface, runs from 1 to 1.5 kilometers in strike, and is open for expansion along trend and at depth as demonstrated by IP anomalies; Simcoe Geoscience has been retained for a planned 54-line-km Alpha IP survey to expand on the success of the 2020 survey which produced wide, high-level, and coincident chargeability and conductivity anomalies with exceptional continuity across the 9.2-kilometer length and 800m depth of the 3D model; Thick intervals of drill-defined nickel and copper sulphide mineralization with palladium, platinum, rhodium, gold, and cobalt, confirm the presence of significant Platreef-style polymetallic mineralization in the most advanced target areas, and this mineralization correlates spatially with the geophysical anomalies identified in the 2020 survey; The 2021 IP survey will include extension lines off the east and west ends of the 2020 survey grid with the objective of advancing drill-defined polymetallic Platreef-style mineralization at the Crescent target area and drill-defined high-grade gold at the Pine target, among other targets. The new survey will also include infill coverage to detail wider-spaced areas within the 2020 survey; and Work in 2021 will further include geological mapping and prospecting programs intended to advance earlier-stage targets to drill-ready status across the 32-kilometer-long project.

Michael Rowley, President and CEO, said, "We are excited to announce contracts and plans for our largest exploration program yet at Stillwater West. IP geophysics and drilling proved to be a powerful combination last year, driving the successful expansion of known mineralization into untested adjacent targets and identifying multiple new high-grade magmatic horizons, and we look forward to building on that success at the three most advanced target areas with a view to expanding inaugural resources that are targeted for release this summer. We also plan to drill some step-out and exploratory holes at priority targets. Stillwater West continues to rapidly advance towards becoming a world-class source of low-carbon, sulphide-hosted nickel, copper, and cobalt, critical to the electrification movement, as well as key catalytic metals including platinum, palladium and rhodium used in catalytic converters, fuel cells, and the production of green hydrogen. We look forward to further announcements in the near term."