Grid Metals Provides Corporate Update & Announces Participation At PDAC - Seite 2

PDAC

Grid Metals will be exhibiting on site at the PDAC from March 3-6 and invites interested parties to stop by booth number 2122 in aisle 2100. PDAC is one of the premier mining conferences in the world bringing companies in the mining and exploration business, suppliers and service providers, investors and governments together.

Grid has been selected to be a Corporate Presenter at PDAC and will provide an updated corporate presentation at the Investors Forum (Electric Materials 2 Session) on March 6, 2024 at 11:14 am in Room 801B at the Metro Toronto Convention Centre.

For more information or to attend the conference, please visit the PDAC 2024 Convention website (https://www.pdac.ca/convention).

About Grid Metals Corp.

Grid Metals is focused on its Donner Lake Lithium Project located in the Bird River greenstone belt in southeastern Manitoba, approximately 150 km northeast of Winnipeg, Manitoba. Grid has a 75% project interest in Donner Lake and is the project operator subject to a joint venture agreement with a fund controlled by Waratah Capital Advisors. Grid has a lease agreement on the True North mill where it plans to process feed from the Donner Lake Property. Grid also has an MOU with Tantalum Mining Corporation of Canada Limited who operates the nearby producing Tanco Mine which is one of only two lithium-producing mines in Canada. In addition to the 100%-owned Falcon West Lithium Project, the Company controls the PEA stage Makwa-Mayville Ni-Cu-PGM-Co project. Grid's properties are located in the traditional territory of the Sagkeeng First Nation.

Dr. Dave Peck P. Geo is the Qualified Person for the Company and has reviewed and approved the technical content of the release for purposes of National Instrument 43-101.

On Behalf of the Board of Grid Metals Corp.

For more information about the Company, please see the Company website at www.gridmetalscorp.com or contact:

Robin Dunbar - President, CEO & Director - [e-mail]

Brandon Smith - Chief Development Officer - [e-mail]
David Black - Investor Relations - [e-mail]

We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the Company's closing of the proposed financial transactions, sale of royalty and property interests. the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward- looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.