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

TECT.V ·

Tectonic Announces the Appointment of Peter Kleespies as Vice President, Exploration

Management Changes

1

TECTONIC ANNOUNCES THE APPOINTMENT OF PETER KLEESPIES AS VICE

PRESIDENT, EXPLORATION

VANCOUVER, B.C., March 14, 2022 – Tectonic Metals Inc. (TECT: TSX -V; TETOF: OTCQB;

T15B: FSE) (the "Company" or "Tectonic") is excited to announce the appointment of veteran

geologist, Peter Kleespies, M.Sc., as Vice President, Exploration (“VPX”) effective immediately .

Peter has over 30 years of combined corporate and mineral exploration experience resulting in

numerous discoveries and the delineation of multi-million-ounce mineral deposits across several

continents, North and South America, Australia, and Africa.

Although Peter has worked internationally for junior and major mining companies, such as BHP,

the bulk of Peter’s career was spent in the Canadian arctic where he designed, oversaw , and

successfully executed multi -million-dollar exploration and resource delineation programs at

such renowned greenstone belts as High Lake, Hope Bay , and Committee Ba y. His expertise

ranges from conceptual project generation , project evaluation , and grassroots exploration to

large-scale surface and underground drill programs, deposit modeling , and resource

estimation. By applying sound technical principles and his vast experience, Peter can integrate

complex geological, geochemical , and geophysical datasets in the search for, and delineation

of, economically viable mineral deposits.

Tony Reda, President & CEO of Tectonic commented, “I am ecstatic to welcome Peter to the

Tectonic Team as he brings a wealth of geological knowledge and proven experience in not only

discovering mineral deposits but also understanding and advancing them systematically through

to the Feasibility Stage. Pe ter is someone who I have known since 2005 and have the utmost

respect for. Aside from being one of the smartest geologists I know, he is a person of integrity,

transparency, and honesty with strong morals and ethics. He is accountable and says it how it is,

which is always a welcome breath of fresh air in our industry. I look forward to working with him

as we continue on our mission of finding the next mine.”

With his appointment, Peter succeeds Eric Buitenhuis as Vice President, Exploration. Eric has

played an important role in Tectonic’s growth, and we are grateful for his efforts on behalf of the

Company. We wish Eric every success in his future endeavours.

Stock Option Grant

As part of his employment agreement (the "Agreement"), the Company granted Peter Kleespies

300,000 stock options (the "Options"). The Options shall have an exercise price set at a 35%

premium to the share price on the date of the grant of the Options. Th e Options shall vest in

three equal installments with 100,000 Options vesting on the first anniversary of the Agreement,

and an additional 100,000 Options vesting on the two subsequent anniversary dates thereafter.

The vesting and exercise of Options shall otherwise be governed by the terms and conditions of

Tectonic's stock option plan.

To learn more about Tectonic please click here.

2

On behalf of Tectonic Metals Inc.,

Tony Reda

President and Chief Executive Officer

For further information about Tectonic Metals Inc. or this news release, please visit our website

at www.tectonicmetals.com or contact Tony Reda, President & CEO of Tectonic, or Bill Stormont,

Investor Relations, at toll-free 1.888.685.8558 or by email at [email protected]

Facebook: https://www.facebook.com/TectonicMetals/

Twitter: https://twitter.com/TectonicMetals

Instagram: https://www.instagram.com/tectonicmetals/

LinkedIn: https://www.linkedin.com/company/tectonic-metals

Cautionary Note Regarding Forward-Looking Statements and Historical Information

Certain information in this news release constitutes forwar d-looking information and statements under applicable

securities law. Any statements that are contained in this news release that are not statements of historical fact may be

deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”,

“should”, “anticipate”, “expect”, “intend” and similar expressions and include, but are not limited to, statements with

respect to the potential for mineralization at Tectonic’s projects, planned exploration programs, and re sults of any

future exploration activities. The Company makes no representation or warranty regarding the accuracy or

completeness of any historical data from prior exploration undertaken by others other than the company and has not

taken any steps to verify, the adequacy, accuracy or completeness of the information provided herein and, under no

circumstances, will be liable for any inaccuracies or omissions in any such information or data, any delays or errors in

the transmission thereof, or any loss or di rect, indirect, incidental, special or consequential damages caused by

reliance on this information or the risks arising from the stock market.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and

assumptions of management at the date the statements are made including, among others, assumptions about future

prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions,

political stability, obta ining governmental and other approvals and financing on time, obtaining required licenses

and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral

resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on

factors and events that are not within the control of Tectonic, and there is no assurance they will prove to be correct.

Although Tectonic considers these beliefs and assumptions to be reasonable based on information currently available

to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks,

uncertainties and o ther factors that may cause future results to differ materially from those expressed or implied in

such forward -looking statements. Forward -looking statements necessarily involve known and unknown risks,

including, without limitation: the Company’s ability to implement its business strategies; risks associated with mineral

exploration and production; risks associated with general economic conditions; adverse industry events; marketing

and transportation costs; loss of markets; volatility of commodity prices ; inability to access sufficient capital from

internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and

government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest

rate fluctuations; and other risks.

Readers are further cautioned not to place undue reliance on forward -looking statements as there can be no

assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although

considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may

differ materially from those anticipated. Forward -looking statements contained in this news release are expressly

qualified by this cautionary statement. Although Tectonic has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking information, there may be other factors that

3

cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will

prove to be accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking information. Tectonic does not

undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the

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

release.