Transition Metals Deeply Regrets the Passing of CFO Christopher Chadder

Sudbury, Ontario--(Newsfile Corp. - July 28, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", the "Company") is saddened to report the sudden passing of Chief Financial Officer Christopher Chadder. Chris has been part of the Transition management team since 2013. He helped build the Company and was instrumental in the founding and spin out of both Sudbury Platinum Corp (now SPC Nickel) and Canadian Gold Miner (private) having served as the initial CFO of both spinout companies. In addition to his CFO duties with the Company, Chris remained a director of Canadian Gold Miner and a key advisor to SPC Nickel until his passing.

Scott McLean, CEO to the Company, remarked, "It is with great sadness that we share the news of Chris's passing. Our entire Company mourns his death and extends sincere condolences to his family. Chris was a well-respected colleague and friend to many. As a close friend of mine, I will miss him dearly from both professional and personal perspectives."

About Transition Metals Corp

Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries in Canada. The award-winning team of geoscientists has extensive exploration experience in established, emerging and historic mining camps and actively develops and tests new ideas for discovering mineralization in places that others have not looked, which often allows the company to acquire properties inexpensively. The team is rigorous in its fieldwork and combines traditional techniques with newer ones to help unearth compelling prospects and drill targets. Transition uses the project generator business model to acquire and advance multiple exploration projects simultaneously, thereby maximizing shareholder exposure to discovery and capital gain. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution. The Company has an expanding portfolio that currently includes more than 25 gold, copper, nickel and platinum projects across Canada.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information is available at or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777

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