Tectonic Metals Set to Launch Inaugural 2023 Drill Program to Unlock the Tier-One Potential of the Flat Gold Project - Seite 2

Phase 1 with the oriented diamond drill is expected to commence mid-August with the following priority targets:

• Step down drilling along approximately 900 metres of the main Chicken Mountain Trend beneath historical drill holes that returned highlights of 12.6 g/t Au over 24.7m (including 211.3 g/t Au over 1.4m),0.55 g/t Au over 141.7m, 1.27 g/t Au over 31.7m and 1.52 g/t over 45.7 m. Maximum expected hole depths of 400m are designed to test the mineralization to depth where historical drilling only averaged 96m metres vertical depth. Diamond core orientation to yield additional information about the structural setting of mineralization to provide ongoing exploration vectors
• Flat hosts an 11 km long geophysical anomaly that suggests additional reduced intrusion-related gold systems may be present at Flat. Drilling will test several of these anomalies:
  • Lateral drilling into the unexplored and undrilled flank of Chicken Mountain East; and
  • Diamond drilling of Golden Apex, an interpreted buried intrusive under overlying volcanics.

Phase 2 - Strategic Drill Fences Testing Gold-in-Soil Anomaly

Goal: Demonstrate scale

Phase 2 with the RC drill is expected to commence mid to late August and will test a significant portion of the 4 km long gold in soil anomaly at Chicken Mountain for near surface bedrock mineralization through a series of focused drill fences across the anomaly. Much of the soil anomaly is currently untested by historic drilling.

The Flat Gold Project - Alaska's Next Tier 1 Opportunity

Tectonic is currently assessing the Flat Gold Project in partnership with Doyon Limited ("Doyon"), one of Alaska's largest native regional corporations and a significant Tectonic investor. Between 1908 and 1966 approximately 1.4 million ounces of Placer Gold was produced in and around the Flat Gold project. Chicken Mountain is credited as the primary source of this historic placer gold.

Tectonic is currently evaluating this target, which features a four-kilometer long gold in-soil anomaly and 55 historic drill holes, all of which intersected and 25 of which ended in gold mineralization. Preliminary metallurgical analysis to-date has demonstrated rapid leach kinetics and gold recoveries averaging 95% from bottle roll testing (see Tectonic's news release dated February 16, 2023). This, combined with gold intersections at or near surface, suggest Chicken Mountain could represent an open pit, heap leach opportunity. Chicken Mountain is part of a larger geophysical anomaly that appears to represent an 11-kilometer-long intrusion related gold system that incorporates the additional targets of Golden Apex and Chicken Mountain East.