GRDM.V · 2019-09-30 12:00:00

Grid Acquires New PGM Zone at East Bull Lake, Ontario Canada

Corporate Updates

Grid Acquires New PGM Zone at East Bull Lake,

Ontario Canada

September 30 , 2019 Toronto Canada Grid Metals Corp (TSXV:GRDM)(OTC:MSMGF)

("Grid" or "the Company ”) is pleased to provide details of the Parisien Lake/Kid strategic land

acquisition at its East Bull Lake PGM Property, located 80 km west of Sudbury Ontario.

Historical exploration drilling results from the newly acquired Parisien Lake claims have

outlined a 1.3 km exploration corridor defined by geological mapping, grab and channel

analytical samples, trenching and drilling.

Recently Grid acquired approximately two kilometers of prospective strike length of the Parisien

Lake Deformation Zone ( “PLDZ”) by staking unpatented mining claims. Six widely spaced drill

holes were drilled within these claims in 2000 north of the PLDZ Zone. The six drill holes were

covered 600 meters of east -west strike length and contained significant palladium and pl atinum

values. The drill ho les intersected a similar style of mineralization identified by Grid in 2002 in

a channel sampling and trenching program approximately 500 meters along strike to the west. In

all, a drill target horizon with a 1.3 km strike length has been defined and will be a priority area

for exploration at East Bull going forward. A number of other PGM mineralized horizons occur

along the south margin of the East Bull Lake Intrusion which are being evaluate d by the

Company. Grid has an extensive database of exploration information covering the 22 km x 4 km

East Bull Lake Intrusion.

The Company has commenced a field sampling program at PLDZ to confirm the mineralized

zone and prepare the target for drilling. A map showing the location of the drill holes and the

trenches at the PLDZ has been posted on the Grid website at

https://gridmetalscorp.com/properties/east-bull-lake-pgm-property/.

“Accumulation of palladium dominant mineralization , proximal to structural zones , is a key

exploration target at East Bull. The PLDZ is a major structural deformation zone with significant

mineralization and hence is an important explorati on target for PGM at East Bull ” said Robin

Dunbar President and CEO of Grid.

The PLDZ drill holes completed in 2000 were filed with the Ministry of Northern Development

and Mines (“MNDM”) as an assessment report (MNDM Assessment File # 41J08NE2010). The

mineralization in all the dr ill holes contained from trace up to a maximum of 10% sulfide

mineralization with corresponding elevated copper and nickel values. The following table

summarizes the significant assay values reported in the assessment file that were completed at

Swastika Laboratories Ltd., located in Swastika, Ontario in 2000.

1000 ppb = 1 gram per tonne

Note Widths are apparent widths. Information in the above table for the PDZ holes is historical

in nature and is not NI 43 -101 compliant. The Company believes that the exploration results

are relevant based on review of the historical information. The EB holes were drill ed by Grid in

2008.

Along strike, 500 meters to the west from PLZ drilling at UTM 409778E , 5141625N, Grid

completed a trenching program in 2001 which identified a showing with a similar style of PGM

Drill Hole UTM E UTM N Azimuth

/ Dip

From

(m)

Interval

(m)

(ppb)

Pd+Pt+Au

(ppb)

(ppm)

PDZ 1 410500 5141743 180/45 32.00 76.66 44.66 319 100 25 444 724.9

Including 39.93 40.84 0.91 789 677 24 1490 530

Including 45.72 47.24 1.52 1149 446 81 1676 512

And 56.69 61.26 4.57 849 161 35 1045 1282

83.52 87.78 4.26 80 79 218 377 1924

PDZ 8 410500 5141761 180/90 36.58 39.01 2.43 883 265 48 1196 973

And 61.57 73.15 11.58 1029 300 46 1375 580

Including 66.14 71.32 5.18 1945 476 87 2507 1109

And 85.04 87.78 2.74 1293 259 39 1590 697

Including 85.04 85.95 0.91 2811 634 81 3526 1250

And 111.86 119.79 7.93 113 22 433 567 537

And 134.72 154.53 19.81 430 125 33 588 668

Including 134.72 138.38 3.66 1142 296 55 1492 998

PDZ 10 410500 5141920 180/65 97.84 101.50 3.66 504 214 23 740 730

And 104.24 110.64 6.4 1254 346 38 1637 402

And 112.47 113.39 0.92 1054 370 27 1451 22

And 119.18 123.75 4.57 513 116 29 657 551

PLZ 6 410300 5141709 180/45 39.62 42.37 2.75 800 237 63 1101 920

And 43.28 45.11 1.83 352 128 34 513 812

And 46.94 48.46 1.52 1057 303 48 1408 1542

And 61.87 64.62 2.75 774 210 40 1024 366

And 65.53 69.19 3.66 603 162 40 805 863

PDZ 7 410300 5141742 180/75 68.58 142.95 74.37 319 98 25 442 498

Including 68.58 69.49 0.91 957 233 77 1267 1680

Including 82.30 86.56 4.26 988 241 43 1271 441

Including 110.95 113.69 2.74 809 163 59 1032 1669

Including 134.72 135.64 0.91 931 310 65 1306 2190

PLZ 9 410900 5141806 180/45 86.67 99.06 12.39 383 117 50 550 1513

Including 87.78 90.37 2.59 1224 320 44 1588 708

mineralization as that reported within the drill hole records. Samples were taken by continuous

channel sampling (south to north) across the outcrops at 1 meter intervals.

When averaged, the 1 meter continuous channel sample mineralized intervals are:

Discussion

The Parisien Lake Deformation Zone is one of a number of prospective stratabound PGM

horizons that occur at East Bull representing both bulk tonnage and underground targets. The

potential for concentration of PGM mineralization around cross cutting faults and/or structures

on the property has been proposed in an updated geological model for PGM depositi on. Grid

controls approximately 80% of the East Bull Intrusion with its interest held by unpatented

mining claims subject only to an underlying NSR. With solid prospects for palladium prices

going forward, prospective geology and encouraging historical e xploration results the Company

perceives an excellent opportunity at the East Bull Property.

The Company has submitted an application to the Ministry of Energy, Northern Development

and Mines in order to obtain an exploration permit for drilling at the P roperty. Field map ping

and geological sampling has commenced to further define and test the on strike extent of the

PLDZ and other mineralized trends within the property boundaries.

QA/QC

The 2001 trench samples completed by Grid were analyzed at XRAL Laboratories in Rouyn -

Noranda Quebec using Fire Assay. Standards were inserted in the samples and a number of

duplicates were analyzed for quality control purposes.

The drill core from the 2008 diamond drill program was logged at site and prepared and assayed

for platinum, palladium, gold, copper and nickel at Accurassay Laboratories in Thunder Bay,

Ontario. Platinum, palladium and gold were sampled using a lead pelle t fire assay. Copper was

analyzed by Aqua Regia dissolution with analysis by ICP. The core was split at the drill site

and a sample split retained and the other sent to the laboratory. As part of the QA/QC program,

blank and standards were introduced into the sample shipment at known intervals.

Paul Davis P. Geo is overseeing the exploration at East Bull as a consultant to the Company and

is a Qualified Person under NI 43-101. He has reviewed and approved the scientific and

technical information in this release

About Grid Metals Corp.

From

(m)

Interval

(m)

(ppb)

Pd+Pt+Au

(ppb)

Kid-Parisien Channel Sample 43.00 99.00 56.00 570 164 50 784

Including 43.00 67.00 24.00 787 213 51 1051

Including 88.00 98.00 10.00 979 306 126 1411

Grid Metals Corp. is an exploration and development Company that has a diversified portfolio of

projects in the nickel -copper-platinum group metals and lithium -rare metals sectors. These

commodities are vital to the emerg ing battery metals and energy storage sector. All of Grid's

projects are located in secure North American mining jurisdictions. The Company is focused on

timely advancement of its property portfolio through prudent exploration and development

activities.

To find out more about Grid Metals, please visit www.gridmetalscorp.com.

On Behalf of the Board of Grid Metals Corp.

Robin Dunbar - President, CEO & Director

Telephone: 416-955-4773

David Black - Investor Relations

Email: [email protected]

We seek safe harbour.

This news release contains forward-looking statements within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the

Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may

include the Company's plans for its properties, the overall economic potential of its properties, the

availability of adequate financing and involve known and unknown risks, uncertainties and other factors

which may cause the actual results, performance or achievements expressed or implied by such forward-

looking statements to be materially different. Such factors include, among others, risks and uncertainties

relating to potential political risk, uncertainty of production and capital costs estimates and the potential

for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk,

currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of

economic evaluations, changes in project parameters as plans continue to be refined, the inability or

failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those

described in the Company's Management Discussion and Analysis for the most recent financial period

and Material Change Reports filed with the Canadian Securities Administrators and available at

www.sedar.com.

Neither the TSX Venture Exchange nor it Regulations Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press

release.

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