Tectonic Metals Acquires Three Additional Potential Intrusions On-Trend with the Flat Gold Project

Adds 7680 Acres North of Original Flat Claim Boundary to Secure the Underexplored Northern Extension of the Flat Gold System

VANCOUVER, BC / ACCESSWIRE / October 30, 2023 / Tectonic Metals Inc. (TSXV:TECT)(OTCQB:TETOF)(FSE:T15B) ("Tectonic" or the "Company"), a mineral exploration company applying a disciplined, up-front de-risking strategy to address the economics, community benefits and sustainability of the Company's projects, today announced the acquisition of three potential intrusions that are on-trend and similar in many respects to Flat's main, gold-bearing intrusion, Chicken Mountain, and the potential buried intrusion at Golden Apex.

Key Highlights:

• Immediately north of and contiguous with Tectonic's 92,160 acre Flat Gold Project, the Company added 7,680 acres (48 x 160 acres state claims):
  • 2,720 acres (17 x 160 acres state claims) were acquired from a third-party vendor; and
  • 4,960 acres (31 x 160 acres state claims) of new claims were staked by Tectonic.
• Secures the rights to three geophysical anomalies north of the Company's Flat Gold Project that follow the 20km "string-of-pearls" geophysical trend of several confirmed intrusion related gold systems currently being explored.
• These potential intrusions represent the possible bedrock source of the historic placer production from Otter Creek and Malamute Pup.

"Introducing ‘The Flat Gold System' - a network of interconnected geophysical anomalies that indicate six confirmed or potential intrusion related gold systems. Spanning a 20km trend, these intrusion targets are significant in size and interpreted to be bedrock sources for placer gold, reinforcing our belief that Flat is a Tier One Opportunity," stated Tony Reda, President and Chief Executive Officer of Tectonic. "It is truly remarkable that our company has access to such a large number of intrusion targets, which would be nearly impossible in a more established, mature, exploration and mining district. There is a collective sense of relief and excitement now that we have secured the right to explore these three additional potential intrusions north of the Flat Gold Project.