High-Grade Gold Anomaly And The Mobilization Of Second Drill To Tibbs Gold Project

VANCOUVER - Tectonic Metals Inc. reported initial results from the Company's 2021 mapping campaign at Tibbs. Grab rock sampling in the southern extent of Tibbs produced two robust, high-grade gold rock anomalies with gold values ranging from trace to 50.3 g/t Au at the Jorts Prospect and trace to 7.8 g/t Au at the Jeans Ridge Prospect, 1.25km to the northeast of Jorts. Mineralization at both prospects consists of granodiorite-hosted sheeted quartz veins which contain bismuthinite and rare visible gold (VG). Mineralization is interpreted to represent veining associated with an intrusion-related gold system.

Tectonic is also pleased to announce that a second drill rig (Reverse Circulation (RC)) has been mobilized to Tibbs to scale up the exploration program by focusing on two priority objectives: Immediately drill test the Jorts and Jeans targets with approximately 1,200m of RC drilling; and Test low-angle structures interpreted from the recently completed TITAN-160 geophysical survey and observed in drill core from the Company's ongoing diamond drilling campaign with a further ~2500m of RC drilling in the western portion of Tibbs.

Based on the exciting new sampling results at Tibbs, Tectonic has elected to defer the drilling of the Company's Seventymile Gold Project until next season to focus its time, energy and capital on these newly identified, high-grade gold targets at Tibbs. Up to 3,700m of additional RC drilling is planned for Tibbs with work expected to continue into October 2021.

Tony Reda, President and CEO, said, "We are extremely excited by the results of our early-season mapping and sampling program at Tibbs, which exceeded our expectations with 11 of 44 rock samples from Jorts returning over 20 g/t gold, including two samples returning over 50 g/t gold. These high-grade samples are found within a prominent northeast trend of mineralization running through Tectonic's ground at Jorts and Jeans. With the mobilization of an RC rig to site, Tectonic is drill testing these new anomalies now, along with the newly identified low-angle structures observed in our Phase I diamond drilling, acting decisively and aggressively to advance our exploration targets."