Grid Metals Announces TSX Venture Approval for Thompson East Copper/Nickel Project Earn-In Transaction

Grid Metals Announces TSX Venture Approval for Thompson East

Copper/Nickel Project Earn-In Transaction

May 5 , 202 6 TORONTO -- Grid Metals Corp. (TSXV:GRDM ; OTCQB:MSMGF) ( "Grid" or the

"Company") is pleased to announce it has received conditional approval from the TSX Venture

Exchange (“TSXV”) for its previously announced transaction with Boliden Mineral Canada Ltd.

(“Boliden”) on April 15, 2026, for the option of the Thompson East Project in Northern Manitoba.

The option and joint venture agreement grants Boliden an option to acquire an 80% interest in

the Thompson East Project by funding cumulative expenditures of at least CAD$9,600,000 and

making staged cash payments of CAD$500,000 to Grid. After receipt of TSXV approval , Grid is

now entitled to receive an initial cash payment of CAD$200,000.

On Behalf of the Board of Grid Metals Corp.

For more information about the Company, please visit our website at www.gridmetalscorp.com

or the Company’s Curation Connect showcase here or contact:

Robin Dunbar – President, CEO & Director – [email protected]

Brandon Smith – Chief Development Officer – [email protected]

David Black – Investor Relations – [email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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) (togethe r, "forward-looking statements"). Such forward -looking

statements include statements related to the transaction with Boliden, the Company’s 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, physi cal 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 wi th the Canadian Securities

Administrators and available at www.sedarplus.ca.

Neither the TSX Venture Exchange nor its 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.