Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

DMX.V ·

District Reports on Initial Geological Work at the Tomtebo Property

Corporate Updates

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: 604-628-2669

District Reports on Initial Geological Work at the Tomtebo

Property

Vancouver, B.C. September 30, 2020

September 30, 2020 – District Metals Corp. (TSX-V: DMX) (FRA: DFPP); ("District" or

the “Company”) is pleased to report on the results of its recently completed initial fieldwork at

its polymetallic Tomtebo Project in the Bergslagen Mining District of south-central Sweden. This

initial work consisted of geological mapping, prospecting and geochemical sampling at the former

Tomtebo Mine, and regionally across the 17 km mineralized trend within the 5,144 hectare

Property (Figure 1). This fieldwork will be further complemented by a recently commenced

review of available historic drill core from the Tomtebo Mine. The fieldwork program and review

of historic drill core will enhance the historical data compilation and recently flown SkyTEM

survey, all in preparation for a drilling campaign at Tomtebo planned for early-2021.

Initial Fieldwork Highlights

• All outcrops in the former Tomtebo Mine area and most outcrops around the mine area

were mapped and sampled, and strongly altered and mineralized rocks were identified

to the south and southwest of the historic Tomtebo Mine for at least 600 m . Surface

mapping west, north and east of the mine was not possible due to a veneer of overburden,

but the recently flown SkyTEM survey is expected to provide valuable information about

this area with no outcrop.

• All rocks within the two accessible Tomtebo open pits are strongly altered throughout

with occurrences of sulphide mineralization. Varying proportions of silicification

(quartz-flooding), phlogopite/biotite, and anthophyllite were observed, which are all

important alte ration minerals associated with polymetallic mineralization in the

Bergslagen District. Also, a t remolite skarn after former limestone was identified, often

one of the controls on mineralization in the District.

• Sulphide mineralization observed at the Tomtebo open pits comprises disseminated

and stockwork vein -style pyrite and chalcopyrite with minor pyrrhotite,

arsenopyrite and sphalerite. The dominance of pyrite-chalcopyrite in a strongly quartz-

phlogopite altered host rock, suggests hot hydrothermal fluids from the core of a

hydrothermal system, which confirms the open pit mine areas as proximal feeder zones.

• Geological work at the Nyberget area which encompasses the historic Lövås Mine

mapped out two large marble units with associated replacement s tyle banded semi -

massive to massive sulphide mineralization . Quartz vein with abundant chalcopyrite

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: 604-628-2669

from a historic showing was also identified, which is interpreted as distal to massive

sulphide mineralization or epigenetic mineralization.

• Regional geological work at the Kvistaberget area identified several mineral occurrences

consisting of small pits and underground workings where quartz-chalcopyrite veins were

mined.

Garrett Ainsworth, CEO of District, commented: “Our preliminary geological work at the former

Tomtebo Mine and regionally across the Tomtebo Property has provided us with valuable

information that is being integrated with existing historical data and our recently flown SkyTEM

survey to generate an even more robust understanding of t he geologic package on the Property .

Surface mapping of the open pits at the Tomtebo Mine has provided geological data that correlates

well with the historic drill data, and provides additional confidence in the orientation of structures

and mineralization at the Tomtebo Mine. Also, geological work on several regional areas within

the Property identified and confirmed important indicators that have enhanced the possibility of

discovering additional polymetallic mineralization.”

Fieldwork at Historic Tomtebo Mine

The objective of ongoing geological work at the historic Tomtebo Mine is to identify the rock

types and the hydrothermal alteration pattern that hosts the copper-gold and silver-zinc-lead

mineralization, interpret the structural geom etry of the rock units, and determine relationships

between the mineralization and the stratigraphy and structure. Th e data and subsequent

interpretations, combined with evaluation of the historical drill data, interpretation of the

conductive and magnetic data from the recently flown SkyTEM survey, and ongoing 3D

modeling of the mineralized zones at the Tomtebo Mine will form the basis for defining priority

drill targets.

Mineralization at the Tomtebo Mine is within strongly altered felsic volcanic rocks, which are

most likely stratified felsic volcanic ash sandstone-siltstone. An altered limestone bed (altered to

tremolite skarn) up to one meter thick occurs in the east wall of the southernmost open pit. The

mine workings (and likely mineralization) appe ar to be discordant to both the bedding and the

foliation. Confirmation on the orientation of mineralization will be crucial for drill targeting, and

the presence of tremolite skarn is significant given this unit’s relevance to other large

polymetallic deposits in the Bergslagen Mining District.

Mineralogical layering and early foliation are observed locally throughout the Tomtebo Mine

area, and are defined by bands of varying quartz and phlogopite content and trains of andalusite

porphyroblasts. This l ayering shows a consistent northwest to southeast orientation, and a

moderate dip to the southwest. An overprinting foliation shows a consistent east-west orientation

and sub-vertical dip. The structural data suggests that the Tomtebo Mine area is on the w estern

limb of an antiform that plunges moderately to the west-southwest. This structural data obtained

from surface mapping correlates well with the 3D modeling of the mineralized zones at depth

where frequent structural measurements were historically recorded from the -200 m exploration

drift.

Rock samples have been sent to ALS Geochemistry in Malå, Sweden for multi-element analysis.

Whole rock geochemical samples were recovered to quantify the alteration intensity and assist

with the interpretation of the protolith lithologies.

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: 604-628-2669

Regional Fieldwork

The regional fieldwork focused on known polymetallic mineral occurrences, preliminary

SkyTEM conductive and magnetic anomalies, and outcrop exposures. Much of the Tomtebo

Property has a thin veneer of overburden, so mineral occurrences at the historic Lövås Mine

within the Nyberget area and the Kvistaberget area were the main focal points of the regional

fieldwork.

The historic mineral occurrences within Nyberget revealed that most of the sulphide

mineralization present is related to carbonate replacement within the marble units. Several marble

units were identified with two large marble units containing sulphide mineralization in the form

of banded semi -massive to massive sulphides. Confirmation of these mineralized marble

horizons is important given their spatial relationship to significant polymetallic

mineralization in the Bergslagen Mining District. Additionally, quartz veins with abundant

chalcopyrite were also identified around historical mine workings, and are interpreted as distal to

massive sulphide mineralization or epigenetic mineralization.

At the Kvistaberget area an approximate northeast trending felsic and mafic volcanic sequence

was observed. Both the felsic and mafic units are at least partly extrusive in nature and in the case

of the mafic volcanics represent fire fountains proximal to a vent. This observation is important

as these specific rocks are often closely spatially associated with significant polymetallic

mineralization in the Bergslagen Mining District and elsewhere, as the metal bearing fluids

often use the same or parallel structures as the mafic magmas. Quartz-chalcopyrite veins of a

similar nature to Nyberget were also identified at Kvistaberget.

Several outcrops and historic showing were visited at the K ällberget area, which revealed two

outcrops with semi-massive to massive pyrrhotite-dominated sulphide mineralization with

associated strong alteration. The southernmost outcrop is related to a contact between laminated

felsic rocks and more mafic units, whereas the northeastern showing exhibits distinct skarn

alteration.

The lithologies mapped at the Uvberget area are dominated by banded, clastic felsic volcanic

rocks striking approximately northeast. A locally well -developed foliation of more than 45

degrees to the bedding was observed, which suggests a possible location close to a fold hinge.

Mapping found indications of an extrusive origin of the basalts (possible pillow basalts), as well

as possible small fragments indicat ing a clastic extrusive setting. Finally, two large, angular

boulders of impure marble observed in the area might indicate the presence of another unmapped

marble horizon further to the north or northwest.

Rock samples have been sent to ALS Geochemistry in Malå, Sweden for multi-element analysis.

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: 604-628-2669

Figure 1: Geological Work Areas on the Tomtebo Property

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: 604-628-2669

Technical Information

All scientific and technical information in this news release has been prepared by, or approved by

Garrett Ainsworth, PGeo, President and CEO of the Company. Mr. Ainsworth is a qualified

person for the purposes of National Instrument 43 -101 - Standards of Disclosure for Mineral

Projects.

Mr. Ainsworth has not verified any of the information regarding any of the properties or projects

referred to herein other than the Tomtebo Property. M ineralization on any other properties

referred to herein is not necessarily indicative of mineralization on the Tomtebo Property.

The data disclosed in this news release relat ed to drilling results is historical in nature. District

has not undertaken any independent investigation of the sampling nor has it independently

analyzed the results of the historical exploration wor k in order to verify the results. District

considers these historical drill results relevant as the Company will use this data as a guide to plan

future exploration programs. The Company's future exploration work will include verification of

the data through drilling.

About District Metals Corp.

District Metals Corp. is led by industry professionals with a track record of success in the mining

industry. The Company’s mandate is to seek out, explore, and develop prospective mineral

properties through a dis ciplined science-based approach to create shareholder value and benefit

other stakeholders.

The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District

of south -central Sweden is the Company’s main focus. Tomtebo comprises 5,144 ha, and is

situated between the historic Falun Mine and Boliden’s Garpenberg Mine that are located 25 km

to the northwest and southeast, respectively. Two historic polymetallic mines and numerous

polymetallic showings are located on the Tomtebo Prop erty along an approximate 17 km trend

that exhibits similar geology, structure, alteration and VMS/SedEx style mineralization as other

significant mines within the district. Mineralization that is open at depth and along strike at the

historic mines on the Tomtebo Property has not been followed up on, and modern systematic

exploration has never been conducted on the Property.

On Behalf of the Board of Directors

“Garrett Ainsworth”

President and Chief Executive Officer

(604) 288-4430

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information.

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: 604-628-2669

This news release contains certain statements that may be considered “forward -looking statements” within the meaning of

applicable securities laws. In some cases, but not necessarily in all cases, forward -looking information can be identified by the

use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity

exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations

of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be

taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that not histori cal

facts are forward looking statements including anticipated results of future exploration and the results of additional compilation

work.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are

appropriate and reasonable in the circumstances, , including, without limitation, assumptions about the reliability of histor ical

data and the accuracy of publicly reported information regarding past and historic mines in the Bergslagen District the

Company’s ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity and satisfy the

exploration expenditure requirements required by the definitive purchase agreement between the Company and the vendor of the

Tomtebo property (the "Definitive Purchase Agreement") by the times specified therein (failing which the Tomtebo Property will

be forfeited without any repayment to the Company); and stability in financial and capital markets.

There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ

materially from those anticipated in su ch statements. Important factors that could cause actual results to differ materially from

the Company's expectations include ; the risk that historic data regarding the Tomtebo property is unreliable, the risk that

information concerning production and mineralization at current and historic mines within the Bergslagen District proves to be

inaccurate; the risk that the Company will be unable to raise sufficient capital to finance planned exploration (including incurring

prescribed exploration expenditures required by the Definitive Purchase Agreement, failing which the Tomtebo Property will be

forfeited without any repayment of the purchase price); future metal prices, , general economic, market or business condition s, \

and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities

regulators, including those described under the heading “Risks and Uncertainties” in the Company’s MD&A for the financial

year ended June 30, 20 19. The Company does not undertake to update or revise any forward -looking statements, except in

accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.