Tectonic Metals Secures Over $5 Million in Strategic Funding Led by Crescat Capital; Launches $7 Million Financing to Fund 2025 Drilling - Seite 3

The first hole of the 2025 campaign will be a +300-metre-long diamond drill hole at Alpha Bowl, designed to:

• Test the continuity and strength of mineralization at depth

• Assess the intensity of veining and alteration, and

Collect critical structural data to inform future drill targeting and resource expansion.

Strategic Share Consolidation: A Proactive Move to Unlock Long-Term Value
In connection with the Offering, Tectonic hereby provides notice that it intends to complete a 10-for-1 share consolidation (the "Share Consolidation") of its common shares (the "Common Shares"). This initiative is not driven by necessity, but by strategic foresight aimed at positioning the Company and its shareholders to fully capitalize on strengthening gold prices, increasing institutional interest in gold, and Tectonic's own imminent, high-impact catalysts.

As of the date of this press release, there are 419,853,777 Common Shares (the "Pre-consolidation Common Shares") issued and outstanding. Upon the completion of the Share Consolidation, these Pre-consolidation Common Shares will be consolidated to approximately 41,985,378 post-consolidation Common Shares (the "Post-consolidation Common Shares"), excluding up to an additional 14,000,000 Post-consolidation Common Shares issuable at closing of the Offering. No fractional Post-consolidation Common Shares will be issued as a result of the Share Consolidation, and any fractional share interest will be rounded down to the nearest whole Post-consolidation Common Share. The Post-consolidation Common Shares are expected to commence trading on the TSX Venture Exchange ("TSXV") on or around May 16, 2025 - concurrent with the expected closing of the Offering. The Share Consolidation was previously approved by shareholders at the Company's Annual General and Special Meeting held on September 21, 2023, and is subject to TSXV approval.

Why Now?

• Gold Market Tailwinds: With strong macroeconomic support for gold, investors are increasingly looking for high-quality gold exploration stories with clear upside. A higher share price improves our visibility and appeal to this inflow of capital.

• ETF and Index Eligibility: ETFs, indices, and institutional funds have minimum share price thresholds for inclusion or participation and are now moving into gold companies. This consolidation removes those barriers, unlocking access to new sources of long-term capital.