TORC.V · 2022-09-06 12:00:00

Tinone Reports Exceptional High- Grade TIN Drill Results Outside of Historic Resource Area Including 0.51% Sn over 78 Metres at Great Pyramid Project, Australia

Drill Results

TINONE REPORTS EXCEPTIONAL HIGH-

GRADE TIN DRILL RESULTS OUTSIDE OF

HISTORIC RESOURCE AREA INCLUDING

0.51% SN OVER 78 METRES AT GREAT

PYRAMID PROJECT, AUSTRALIA

(TSX.V: TORC) (OTCQB: TORCF)

VANCOUVER, BC

Sept. 6, 2022

/CNW/ -

TinOne Resources Inc.

(TSX.V: TORC)

(OTCQB: TORCF) ("

TinOne

" or the "

Company

") is pleased to provide its second batch of results

from its 100%-owned Great Pyramid Tin (Sn) Project (the "

Project

") located in the tier one mining

jurisdiction of

Tasmania, Australia

. The ongoing drill program has returned outstanding high-grade

results highlighted by hole 22GPRC012 which returned 0.51% Sn over 78 metres, Including 1.09 %

Sn over 23 metres from near surface in a new zone. Great Pyramid is the Company's most

advanced and active project in its portfolio of high-quality tin assets and more results are expected in

the coming weeks.

Highlights:

Outstanding high-grade intersections (>.25%) include:

22GPRC012 returned

0.51% Sn over 78 metres

Including

1.09 % Sn over 23 metres

22GPRC016 returned

0.29% Sn over 51 metres

Including

0.43% Sn over 20 metres

22GPRC005 returned

0.26% Sn over 30 metres

22GPRC003 returned

0.25% Sn over 39 metres

All holes returned tin-bearing intersections and provide support for historical drill data

Mineralised zones shown to extend beneath and peripheral to historical resource

"These current results from Great Pyramid are some of the best ever reported from the Project and

demonstrate exceptional grade and thickness in areas outside the historical resource area,"

commented

Chris Donaldson

, Executive Chairman.

"The drilling continues to deliver consistent

results within the historical resource area, and more importantly identifying significant mineralised

zones outside the historical resource area. Our geological team is working to further develop our

grade distribution model and build our geological interpretation to assist further targeted drilling

and the integration with the extensive historical database."

Results have been received for 2,128 metres of the Company's ongoing 5,500 metre drilling

program at the Great Pyramid Project. These results represent complete results for 15 Reverse

Circulation ("

") drill holes, partial results for one additional RC hole and results from one diamond

cored hole. Assays are being fast tracked.

Drilling commenced at the Project on

April 27

, 2022. The initial program consists of approximately

5,500 metres and has several objectives:

Test the depth and lateral extensions of the historical resource;

Test a large-scale IP chargeability anomaly adjacent to the historic resource; and,

Provide sufficient drill coverage to verify/authenticate historical drilling and expand/upgrade the

mineral resource.

In addition to the RC drill results reported here, an additional 2,037 metres of diamond drilling has

been completed within, lateral to, and beneath the historical resource area. Drill core processing is

underway with an initial 528 metres of core despatched to the laboratory.

Results reported here are from below, peripheral too and within the historical resource

area (Table

1). Drill holes below and peripheral to the historic resource model have returned intersections

consistent with or higher grade than the historical model, including high grade intersections in

22GPRC012 from near surface outside the current resource. Deeper diamond drilling (assays

pending) has confirmed the presence of mineralisation to considerable depth below the historical

resource model and are consistent with historical drill data

which returned mineralised intervals to

the limit of drilling, up to

300m

below surface.

Table 1:

Great Pyramid RC drill results. More significant results are shown in bold.

Hole

Intersection

Width (m)

From

(m)

Sn%

Comments

22GPRC002

0.18

Outside historical resource model.

22GPRC002

0.22

Outside historical resource model.

22GPRC003

0.25

Inside historic resource model. Diamond tail completed

(assays pending) below historical resource model.

incl

0.34

22GPRC004

0.13

Outside historical resource model.

22GPRC005

0.26

Inside historic resource model.

0.12

Below historical resource model.

22GPRC006

0.2

Inside historic resource model.

22GPRC006

0.17

Outside historical resource model.

incl

0.3

22GPRC007

0.30

Inside historic resource model, to end of hole, abandoned in

old working.

22GPRC011

0.16

Outside historical resource model.

0.34

Outside historical resource model.

22GPRC012

0.51

Outside historical resource model.

incl

1.09

22GPRC012

122

0.27

Outside historical resource model.

22GPRC013

0.14

Inside and below historical resource model.

0.16

Inside and below historical resource model.

105

0.13

Outside historical resource model.

22GPRC014

0.27

Inside historic resource model.

0.20

Inside historic resource model.

0.15

Outside historical resource model. To the end of hole.

22GPRC016

0.29

Inside historic resource model.

incl

0.43

22GPRC017

0.20

Outside historical resource model.

22GPRC021

0.13

Outside historical resource model.

NOTES:

All intersections are calculated with a cut-off grade of 0.1% Sn with maximum consecutive internal waste of 4 metres.

All intersections are downhole widths, true widths are uncertain.

TinOne drill hole numbering is in the form 22GPRCXXX for RC holes and 22GPRDDXXX for diamond holes with numbering allocated in sequence.

Analytical results have been

received for holes 22GPRC002, 003, 004, 005, 006, 007, 009, 011, 012, 013, 014 ,016, 017, 018A, 019 and 021 (part).

Hole 22GPRC020 failed at 12 metres and was not assayed.

The target area for this hole was drilled by 22GPRC021.

Diamond holes completed to-date and with assays pending are 22GPDD001A (redrill of 22GPDD001 which was abandoned at 42.1m), 22GPDD008, 22GPDD10, 22GPDD015 and

22GPDD023. Diamond tail extensions have been completed for RC pre-collar holes 22GPRC003, 22GPRC004 and 22GPRC006 with assays pending.

Figure 1: Location of the Company’s projects in the mining friendly jurisdiction of Tasmania (CNW

Group/TinOne Resources Corp.)

Figure 2: Great Pyramid drilling plan. Holes reported in this release are labelled. Historic drill collars

and traces (for angled holes) are also shown (CNW Group/TinOne Resources Corp.)

Figure 3: Great Pyramid oblique cross section showing holes reported in this release and historic

drill holes. Vertical cross section, 50m window. (CNW Group/TinOne Resources Corp.)

Figure 4: Great Pyramid diamond core (22GPRC003 403.8-406.9m), beneath historic resource

area, assay results pending. Sheeted quartz-carbonate ± sulphide veins in strongly silicified, medium

to coarse grained sandstones. Historical exploration indicates that veins of this style are cassiterite-

bearing and are typical of the mineralised zones. (CNW Group/TinOne Resources Corp.)

Figure 5: Great Pyramid diamond core (22GPRC006 179.9 - ~181.5m), beneath historic resource

area, assay results pending. Closely sheeted chlorite-pyrite-chalcopyrite veins (± tourmaline) in

strongly silicified sandstone. Historical exploration indicates that veins of this style are also

cassiterite-bearing and are typical of the mineralised zones. (CNW Group/TinOne Resources Corp.)

About the Great Pyramid Tin Project

Geological Setting

The Great Pyramid deposit is located around a topographical feature known as Pyramid Hill and is

hosted by Silurian to Devonian Mathinna Supergroup sandstones. The mineralization is formed by

closely spaced sheeted northeast trending, cassiterite (SnO

) bearing veins associated with

silicification and sericite-pyrite alteration. The deposit style and regional comparisons suggests that

a tin-fertile granite exists at depth below the deposit, however this has not been encountered in

drilling and the deposit is open at depth. Geological interpretation indicates that certain sedimentary

units within the folded Mathinna Supergroup sediments are more favourable hosts and diamond

drilling being undertaken by the Company during the current campaign, combined with numerical

modelling, will assist in developing a deeper understanding of controls on grade for follow up drilling.

The deposit is currently known over a strike length of more than 500 metres with an average width

of approximately 150 metres. The depth extent of the deposit is unknown with only nine historical drill

holes greater than 150 metres deep. These rare deeper holes encountered encouraging tin

mineralization to depths of approximately 300 metres below surface

Historic Resources and Drill Data

The previous owners of the Great Pyramid project estimated an Inferred Resource reported under

the JORC 2012 guidelines. This resource contains approximately 10,000 tonnes of tin at a grade of

0.2% tin (Table 2). The estimation utilised close spaced historic percussion (~85%) and lesser

diamond drill holes with drill spacing in the estimation area typically 15 x

30m

and locally closer.

Although the resource is defined by close spaced drilling, the resource was classified by the

previous owners as Inferred due to the historic nature of the data. The estimate was reported in the

independent geological report prepared by Mining One Pty Ltd for TNT Mines Ltd, dated

June 26,

2017

Table 2:

Great Pyramid Historical Inferred Mineral Resource

Great Pyramid Inferred Mineral Resource - JORC 2012

Sn% CUT OFF

TONNES (Mt)

GRADE (Sn%)

CONTAINED TIN (kt)

0.1

5.2

0.2

10.4

The Inferred Resource was estimated using Multiple Indicator Kriging method of 1.5 metre down-

hole composites within a mineralized domain interpreted from tin grade. The estimate is restricted to

the area of close spaced drilling and 90% of the resource occurs within 40 metres of surface.

Although the limited deeper drilling has encountered mineralized material this was not included in the

resource. Additional drilling utilising modern drill techniques, analytical techniques and QA/QC will be

required to re-estimate the resource and report under NI 43-101.

NOTES

The reader is cautioned that the above referenced "Inferred Resource" estimates are considered historical in nature and are based on prior data and reports prepared by

previous property owners. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and TinOne is not

treating the historical estimate as current mineral resources or mineral reserves. Significant data compilation, re-drilling, re-sampling and data verification may be required by a

qualified person before the historical estimate on the Great Pyramid property can be classified as a current resource. There can be no assurance that any of the historical

mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic

viability. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an

indicated or measured mineral resource category.

Data regarding historical drilling is sourced from Mineral Resources Tasmania online database (MRTMap). In addition, data for 18GPD001 has been sourced from a public

announcement by previous owners TNT Mines, November 15, 2018. However, the "historical drill data" are considered historical in nature and are based on prior data and

reports prepared by previous property owners. A qualified person has not done sufficient work to classify the historical data as current and TinOne is not treating the historical

data as current. There can be no assurance that any of the historical drill data is representative.

Quality Assurance / Quality Control

Drill core and RC samples were shipped to ALS Limited in

Brisbane, Australia

for sample

preparation and for analysis. The ALS,

Brisbane

facilities are ISO 9001 and ISO/IEC 17025

certified. Tin and tungsten are analysed by ICP-MS following lithium borate fusion (ALS method ME-

MS85), overlimit results are reanalysed by XRF (ALS method XRF15b). Forty-eight element multi-

element analyses are conducted by ICP-MS with a four-acid digestion (ALS method ME-MS61).

Control samples comprising certified reference samples, duplicates and blank samples were

systematically inserted into the sample stream and analyzed as part of the Company's quality

assurance / quality control protocol.

About TinOne

TinOne is a TSX Venture Exchange listed Canadian public company with a high-quality portfolio of tin

projects in the Tier 1 mining jurisdictions of

Tasmania

and

New South Wales, Australia

. The

Company is focussed on advancing its highly prospective portfolio while also evaluating additional tin

opportunities. TinOne is supported by Inventa Capital Corp.

Qualified Person

The Company's disclosure of technical or scientific information in this press release has been

reviewed and approved by Dr.

Stuart Smith

., Technical Adviser for TinOne. Dr. Smith is a Qualified

Person as defined under the terms of National Instrument 43-101.

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.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "Forward

Looking Statements" within the meaning of the United

States Private Securities Litigation Reform Act of 1995 and "forward

looking information" under

applicable Canadian securities laws. When used in this news release, the words "anticipate",

"believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and

similar words or expressions, identify forward

looking statements or information. These forward

looking statements or information relate to, among other things: the development of the Company's

projects, including drilling programs and mobilization of drill rigs; future mineral exploration,

development and production; the release of drilling results; and completion of a drilling program.

Forward

looking statements and forward

looking information relating to any future mineral

production, liquidity, enhanced value and capital markets profile of TinOne, future growth potential

for TinOne and its business, and future exploration plans are based on management's reasonable

assumptions, estimates, expectations, analyses and opinions, which are based on management's

experience and perception of trends, current conditions and expected developments, and other

factors that management believes are relevant and reasonable in the circumstances, but which

may prove to be incorrect. Assumptions have been made regarding, among other things, the price

of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of

exploration and development; the estimated costs of development of exploration projects; TinOne's

ability to operate in a safe and effective manner and its ability to obtain financing on reasonable

terms.

These statements reflect TinOne's respective current views with respect to future events and are

necessarily based upon a number of other assumptions and estimates that, while considered

reasonable by management, are inherently subject to significant business, economic, competitive,

political and social uncertainties and contingencies. Many factors, both known and unknown, could

cause actual results, performance or achievements to be materially different from the results,

performance or achievements that are or may be expressed or implied by such forward

looking

statements or forward-looking information and TinOne has made assumptions and estimates

based on or related to many of these factors. Such factors include, without limitation: the

Company's dependence on early stage mineral projects; metal price volatility; risks associated with

the conduct of the Company's mining activities in

Australia

; regulatory, consent or permitting

delays; risks relating to reliance on the Company's management team and outside contractors;

risks regarding mineral resources and reserves; the Company's inability to obtain insurance to

cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding

the failure to generate sufficient cash flow from operations; risks relating to project financing and

equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of

reserves and resources, metallurgical recoveries and capital and operating costs of such projects;

contests over title to properties, particularly title to undeveloped properties; laws and regulations

governing the environment, health and safety; the ability of the communities in which the Company

operates to manage and cope with the implications of COVID-19; the economic and financial

implications of COVID-19 to the Company; operating or technical difficulties in connection with

mining or development activities; employee relations, labour unrest or unavailability; the

Company's interactions with surrounding communities and artisanal miners; the Company's ability

to successfully integrate acquired assets; the speculative nature of exploration and development,

including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts

of interest among certain directors and officers; lack of liquidity for shareholders of the Company;

litigation risk; and the factors identified under the caption "Risk Factors" in TinOne's management

discussion and analysis. Readers are cautioned against attributing undue certainty to forward

looking statements or forward-looking information. Although TinOne has attempted to identify

important factors that could cause actual results to differ materially, there may be other factors that

cause results not to be anticipated, estimated or intended. TinOne does not intend, and does not

assume any obligation, to update these forward

looking statements or forward-looking information

to reflect changes in assumptions or changes in circumstances or any other events affecting such

statements or information, other than as required by applicable law.

SOURCE

TinOne Resources Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2022/06/c2989.html

%SEDAR: 00048559E

For further information:

and to sign-up to the mailing list, please contact: Chris Donaldson,

Executive Chairman, Tel: (604) 813-3931, Email: [email protected]

CO: TinOne Resources Corp.

CNW 08:00e 06-SEP-22

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