TECT.V · 2020-10-26 12:00:00

Tectonic Metals Identifies New High-Tenor Gold-in-Soil Anomalies at Tibbs Gold Project, Alaska New Gneiss-Hosted Gold, Arsenic, and Bismuth Soil Anomalies Point to Pogo-like Targets

Exploration Programs Sampling & Geoscience Results

Tectonic Metals Identifies New High-Tenor Gold-in-Soil Anomalies at

Tibbs Gold Project, Alaska

New Gneiss-Hosted Gold, Arsenic, and Bismuth Soil Anomalies Point to Pogo-like Targets

VANCOUVER, BC

Oct. 26, 2020

/CNW/ -

Tectonic Metals Inc.

(TSX-V: TECT; OTCQB: TETOF)

("Tectonic" or the "Company") today announced

the results of the Company's Summer 2020 soil sampling campaign at the Tibbs Gold Project ("Tibbs"), located 35 kilometres ("km") east of Northern

Star Resources' Pogo Gold Mine ("Pogo") in the Goodpaster Mining District ("Goodpaster"),

Alaska

. Tectonic's soil sampling targeted the

underexplored, western portion of the Tibbs property after recent mapping highlighted low-angle faults within moderately dipping gneissic rocks, which

are key characteristics of the Pogo geological model. Tectonic deployed a soil sampling crew in these newly identified areas collecting 1,153 samples.

Soil assay results have now identified numerous high-tenor, drill-ready targets which share identical host rocks and geochemical signatures to

mineralization observed at Pogo in a similar structural setting consisting of low-angle faults and shears.

Key Takeaways

Multiple 1 km Long Drill-Ready Targets Highlight Potential for Pogo-style Mineralization

Newly Identified Gneiss-Hosted Gold-in-Soil Anomalies

Soil sampling in the west of the Tibbs property identified new geochemical anomalies with gold-arsenic-bismuth-tungsten, gold-arsenic-

antimony, and gold-arsenic signatures; identical signatures as the mineralization observed at Pogo

Zoned Mineralizing System Now Found, Indicating High Levels of Mineralizing Fluid Flow

Multiple styles of gold mineralization observed within the Tibbs footprint

Elemental zonation, which may aid in vectoring towards additional zones of high-grade gold mineralization, shows both proximal and distal

intrusion-related gold signatures and vein styles

Proximal: Gold-Arsenic-Bismuth-Tungsten anomalies may be indicative of additional high-grade lodes analogous to Gray Lead/Pogo-style vein

mineralization

Distal: Gold-Arsenic-Antimony anomalies are consistent with Michigan-style mineralization where Tectonic identified high-grade gold

mineralization in its 2019 and 2020 drill programs

2020 Soil Sampling Program Validates Underexplored Nature and Potential at Tibbs

Exploration work to date has focused on high-grade gold targets at surface and within high-angle structures at the contact zone between

gneiss and intrusive rocks, and within the intrusive rocks themselves. However, no work has been conducted until now in the west of the

project area in the gneissic rocks, despite the >25-year history of modern exploration at Tibbs

The discovery of new, gneiss-hosted soil anomalies represents the next evolution of the targeting methodology at the Tibbs project, and opens

the prospect of Pogo-like mineralization west of the previously known exploration targets

Plan maps of the 2020 soil sampling program at Tibbs may be viewed by clicking

here

Tony Reda

, President and CEO of Tectonic Metals, commented,

"Our 2020 soil survey at Tibbs identified significant gneiss-hosted gold-in-soil

anomalies in areas with low-angle faulting and shearing. These anomalies indicate mineralizing fluids traveled not only through the known high-

angle structures within the intrusive rocks at Tibbs, but also through the gneissic rocks found in the western part of Tibbs. Low-angle thrust faults are

mapped within these gneissic rocks and are now tied to increased gold-in-soil anomalism. This is a powerful new observation, as gneissic rocks also

host the Liese veins at Pogo, just 35km away. We again see potential for true, Pogo-style mineralization at Tibbs, and are excited to test these new

targets."

2020 Soil Sampling Program – New Exploration Targets Generated

During the 2020 RAB drilling campaign at Tibbs, Tectonic collected a total of 1,153 soil samples to both infill and expand the historic soil grid over

previously untested ground to the west and east. The goal of the soil program was to generate new exploration targets with a focus on exploring the

low-angle faults within moderately dipping gneissic rocks in the west of the property, which appears to be never targeted at Tibbs. Five soil grids were

sited over gneissic rocks found to the west of the Wolverine Zone ("Wolverine") in the north and the Gray Lead Zone ("Gray Lead") in the south.

Samples were collected along east-west oriented lines on 50 metre ("m") sample spacing, with lines spaced

100m

apart. A sixth grid was established

east of the Blue Lead Zone ("Blue Lead"), with samples collected along east-west oriented lines on

50m

sample spacing, with lines spaced

200m

apart

to cover additional ground.

Each soil grid returned multiple soil samples in excess of 100 ppb Au, with a global range of trace to 987.3 ppb Au. It is worth noting that Tectonic has

established, through the use of the recently acquired Goodpaster data set (see

here

), that the 98

percentile threshold for gold-in-soil values in the

Goodpaster district is approximately 24 ppb, suggesting any value greater than 20 ppb warrants further investigation. Interestingly, multiple new

anomalies have been identified entirely within gneissic host rocks, including a 2.5km long, NE-SW trending gold-arsenic anomaly in the southwest of the

property found approximately

500m

northwest of historic diamond drilling at Gray Lead. In addition, a high-tenor gold-in-soil anomaly with coincident

arsenic, bismuth and tungsten was discovered

1,200m

west of the Lower Trench Zone ("Lower Trench") in previously untested ground. This new

anomaly, yet unnamed, is hosted by moderately dipping gneisses cut by a mapped diorite dike.

New Soil Anomalies Highlight Pogo Model

At Pogo, 35km west of Tibbs, gold-bearing veins formed in high-angle (steep) and low-angle (shallow) structural zones within gneissic host rocks. High

quality exploration targets at Tibbs, including Gray Lead, are found along the margin of the same gneissic dome which hosts Pogo. Gray Lead is one

of the few places in the Goodpaster where high-angle veins with Pogo-style geochemical and petrological characteristics are found (see Table 1). The

Gray Lead vein in particular shares the same average thickness, orientation, multi-ounce gold grades, high gold-bismuth correlation, and fluid

petrochemistry as the North Zone veins at Pogo. However, the Gray Lead vein is found within a high-angle contact zone between gneisses in the west

and intrusive rocks in the east. No advanced exploration work has been conducted west of Gray Lead to test for both low and high-angle structures

within the gneissic rocks, where Pogo-style mineralization would be expected.

Critically, the newly defined, gneiss-hosted soil anomalies exhibit geochemical associations (gold-arsenic-bismuth-tungsten) typical of a mineralization

observed in high-grade gold-bearing quartz veins at Gray Lead, which in turn closely resembles mineralization observed at Pogo. In addition, low angle

thrust faults in the gneissic rocks at Tibbs have been mapped by the United States Geological Survey ("USGS") and previous workers. Low-angle,

reactivated shear zones are critical to the Pogo geological model as the structural host for the high-grade, low-angle Liese veins.

The combination of identical host rocks, a similar structural setting, including known low-angle shears, similar geochemical signature, and the immediate

presence of Pogo-style quartz veining at Gray Lead makes these new soil anomalies prime candidates for follow up.

Table

: Comparison of the Gray Lead and Michigan Zones at the Tibbs Gold Project with mineralization observed at Pogo Gold Mine

Characteristic

Pogo

Tibbs - Gray Lead

Tibbs - Michigan

Alteration Assemblages

Qtz-sericite, biotite

Qtz-biotite

Qtz-sericite

Carbonate Alteration

Fe-dolomite in/near veins

Ankerite in/near veins

Gold Fineness

~900

Unknown

Primary Sulphides

Aspy Bi+/-Po

Aspy Bi

Aspy Stib Py

Late Stage Mineralization

As-Sb Sulphides

Tungsten Mineralization

Scheelite in skarns and veins

W in proximal veins

W absent

Bismuth Mineralization

Strong Au Correlation

No Correlation

Tellurium Mineralization

Strong Au Correlation

No Correlation

Fluid Chemistry

CO2, low salinity

CO2 rich, low salinity

Age of Mineralization

104.2 Ma

102 Ma

Sulphur Isotopes

Unknown

Homogenization Temp.

310-570 C

260-455 C

200-400 C

Current Deposit Model

Plutonic-related Au

Source: Tectonic Metals Inc.; publicly available data

Next Steps – The Gneiss Frontier

Tectonic has rapidly and effectively tested a number of occurrences of high-grade gold at surface at Tibbs, including the successful follow-up RAB drill

campaigns at the Michigan Zone ("Michigan") and Lower Trench recently released (see

here

). Tibbs has been shown to host at least two styles of

mineralization as part of a single, comprehensive, regional-scale intrusion-related gold system, with both "proximal" (Gray Lead) and "distal" (

Michigan

)

components. Both styles of mineralization carry high-grade gold and require significant follow up.

Exploration work to date has focused on high-grade gold targets at surface and within high-angle structures at the contact zone between gneiss and

intrusive rocks, and within the intrusive rocks themselves. However, no work has been conducted in the west of the project area in the gneissic rocks,

despite the >25-year history of modern exploration at Tibbs. The discovery of new, gneiss-hosted soil anomalies represents the next evolution of the

targeting methodology at the Tibbs project, and opens the prospect of Pogo-like mineralization west of the currently known exploration targets.

Qualified Person & QA/QC

Tectonic's disclosure of a technical or scientific nature in this press release has been reviewed, verified, and approved by

Eric Buitenhuis

, M.Sc.,

P.Geo., Tectonic's Vice President Exploration, who serves as a Qualified Person under the definition of National Instrument 43-101.

The analytical work for the 2020 Tibbs soil sampling program was performed by Bureau Veritas Laboratories ("BV"), an internationally recognized and

accredited analytical services provider, which is independent of Tectonic. All soil samples were prepared using procedure SS80 (dry at 60 C and sieve

100g at -80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). Field duplicate samples are collected at regular

intervals and analysed within the sample stream. Samples are placed in sealed bags and shipped directly to the BV preparation facility in

Fairbanks,

Alaska

About Tectonic

Tectonic Metals Inc. is a mineral exploration company created and operated by an experienced and well-respected technical and financial team with a

track record of wealth creation for shareholders. Key members of the Tectonic team were involved with Kaminak Gold Corporation, the company that

raised

C$165 million

to fund the acquisition, discovery and advancement of the Coffee Gold Project in the

Yukon Territory

through to the completion of

a bankable feasibility study before selling the multi-million ounce gold project to Goldcorp Inc. (now Newmont Goldcorp) for

C$520 million

in 2016.

Tectonic is focused on the acquisition, exploration, discovery and development of mineral resources from district-scale projects in politically stable

jurisdictions that have the potential to host world-class orebodies.

Tectonic believes that responsible mineral exploration and development can positively impact the communities in which the company lives and operates

and is committed to early and ongoing community engagement, best practices in environmental stewardship and the development of a strong safety

culture. Whether at home or at work, the Tectonic team is grounded on the following core values: passion, integrity, patience, focus, perseverance,

honesty, fairness, accountability, respect, and a play big mindset. The company works for its shareholders and is committed to creating value for

them.

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

Bill Stormont

Investor Relations, at toll-free 1.888.685.8558 or by email at

[email protected]

Facebook:

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

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https://twitter.com/TectonicMetals

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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 forward-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 and 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 direct, 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, obtaining 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 other 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 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.]

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