TECTONIC METALS INC - TETOF STOCK NEWS

Tectonic Metals announced a strategic investment by Crescat Capital, totaling C$3,000,000 through a non-brokered private placement. The funding will support Tectonic's Tibbs and Seventymile properties while highlighting Crescat's commitment to the company's potential in mineral exploration. Each unit is priced at C$0.06, including common shares and warrants. The warrants can be exercised at C$0.10, with a two-year expiration. The offering is subject to TSXV conditions, emphasizing Tectonic's focus on advancing its gold projects in Alaska.

Tectonic Metals Inc. has appointed veteran geologist Peter Kleespies as Vice President of Exploration, effective immediately. With over 30 years of experience, Kleespies has a strong background in mineral exploration and resource delineation across multiple continents. He succeeds Eric Buitenhuis, who played a significant role in the company's growth. Tectonic granted Kleespies 300,000 stock options as part of his employment agreement, which will vest over three years.

Tectonic Metals has reported significant drill results from its 2021 Phase II campaign at the Tibbs Gold Project, near the Pogo Gold Mine. Key highlights include the discovery of low-angle quartz veins with Pogo-style gold mineralization, featuring intersections like 9.95 g/t Au over 0.75m and 7.64 g/t Au over 0.60m. Discoveries at Gray Lead West confirm the Pogo Exploration Model and showcase potential for further high-grade mineralization, with visible gold observed in multiple holes. The company plans additional drilling to define the extent of mineralization and explore further opportunities.

Tectonic Metals (TETOF) announced significant results from its Michigan Zone drill hole TBDD21-002, with a check assay returning 104.5 g/t Au over 1.0 m, indicating a notable gold nugget effect. Previous assays showed varied gold concentrations, evidencing a coarse gold distribution influenced by structural factors. The mineralized strike is 275 m with a depth of 250 m, with mineralization open in all directions. Future assays will focus on better understanding nuggety gold's distribution. This assay is part of ongoing exploration at the Tibbs Gold Project in Alaska.

Tectonic Metals Inc. has summarized its successful 2021 exploration activities, including 5,018 meters of drilling at the Tibbs Gold Project in Alaska. The company focused on high-grade gold targets, with phase I results released and phase II assays pending. Notable highlights include the first drill tests at five targets, high-grade rock grab samples up to 190 g/t Au, and a significant acquisition of the Flat Gold Project. The company aims to discover mineable gold deposits using the Pogo Geological Model.

Tectonic Metals Inc. announced a significant surface discovery of high-grade quartz-sulphide veining at the Tibbs Gold Project, with rock sample values reaching 190.4 g/t Au. This marks the first identification of 'Pogo-style' vein mineralization in the western gneissic region of the Tibbs project, aligning with the geological features of the nearby Pogo Gold Mine. The Phase II drilling campaign tested six targets, comprising 4,215 meters across 23 drill holes, with assay results pending. This discovery reinforces Tectonic's exploration model and indicates potential for further mineralization.

Tectonic Metals Inc. (OTCQB: TETOF) reported positive results from its Phase I diamond drilling at the Tibbs Gold Project in Alaska, with high-grade gold intercepts including 12.45 g/t Au over 5.15m and 7.69 g/t Au over 6.12m. The drilling targeted two key zones: Gray Lead and Michigan, revealing a previously unknown northwest plunge to high-grade core mineralization. A total of 803m were drilled, with assays pending for an additional 4,215m. The results suggest strong potential for further gold discoveries in the region.

Tectonic Metals Inc. (OTCQB: TETOF) has appointed Allison Rippin Armstrong as Chair of the Board, following the passing of Mel E. Benson. With over 25 years in mineral exploration, Armstrong brings expertise in environmental compliance and community development. Her prior roles include Vice President at Kaminak Gold Corp. and involvement with various non-profits. Tectonic, known for wealth creation in shareholder value, aims to continue its growth under her leadership, emphasizing sustainability and Indigenous relations.

Tectonic Metals Inc. (TETOF) announced the approval of all matters at its Annual General and Special Meeting held on October 6, 2021. Key decisions included the re-election of directors Antonio Reda, Curt Freeman, Allison Rippin Armstrong, and Michael Roper, the re-appointment of Davidson & Company LLP as auditors, and the adoption of a new Equity Incentive Plan. Following the recent passing of Chairman Mel E. Benson, the board plans to appoint a new chairperson and director. Tectonic is focused on mineral exploration in stable jurisdictions with potential for significant ore deposits.