T2 Metals Closes Second Tranche of Private Placement and Completes Acquisition of Aurora Project, Yukon
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DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
T2 METALS CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND
COMPLETES ACQUISITION OF AURORA PROJECT, YUKON
Vancouver, British Columbia – April 1, 2026: T2 Metals Corp. (“T2 Metals” or the “Company”) (TSX -
V: TWO) (OTCQB: TWOSF) ( FRA: WJ6) is pleased to announce the closing of the second tranche of its non-
brokered private placement (the “Financing”) as announced on February 27, 2026, and increased on March 13,
2026. The Company issued a total of 2,019,000 units (each a “ Unit”), at a price of $0.50 per Unit, for gross
proceeds of $1,009,500, with each Unit comprising one common share and one-half of a common share purchase
warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.75 for a
period of two years from closing. To date, a total of $7,372,631 has been raised under this Financing.
Furthermore, the Company announces that all regulatory approvals have been received, and closing has been
completed on its option to earn a 100% interest in the 76 sq km Aurora Gold -Silver Project (the “Aurora
Project”) in the Yukon Territory, Canada (see news release dated February 26, 2026).
A total of 400,000 shares were issued and cash payments totalling $75,000 have been made for the Aurora Option
Agreement (the “Option Agreement”). All shares issued under the Option Agreement are subject to a four-month
hold period from March 25, 2026, in accordance with applicable securities laws.
Project Highlights:
• The Aurora Project option was signed with prospector and explorer, Shawn Ryan, who acquired the project
via staking mineral claims approximately two decades ago.
• Situated close to Dawson City and adjacent to the Dempster Highway (see Figure 1), the Aurora Project
spans a significant land package within the Tombstone Gold Belt, one of North America’s premier gold and
silver mining districts.
• The Aurora Project is geologically similar to the nearby ML Project of Prospector Metals Corp., where recent
drilling has identified high-grade gold-copper mineralization (e.g. 13.79 g/t Au and 1.84% Cu over 44 m).
• The Aurora Project mineral claims are c entred on the Antimony Mountain Stock , a Tombstone Plutonic
Suite intrusion similar to other mid -Cretaceous intrusions that are genetically associated with major
Intrusion Related Gold System deposits in the Yukon and Alaska.
• Six significant gold-bearing prospects have been identified by Shawn Ryan and past explorers over a 10
km trend utilizing soil and rock chip sampling.
• Less than 3,000 m of drilling has been completed at the Aurora Project, with no work undertaken for over
15 years.
• Most recently 12 holes for 881 m were drilled at the AJ prospect as reported by Golden Predator in 2009
(see Golden Predator’s news release dated January 5, 2010) from which results included:
▪ 4.9 m @ 12.45 g/t Au (AJ09-17)
▪ 3.4 m @ 24.45 g/t Au (AJ09-18)
▪ 3.2 m @ 25.06 g/t Au (AJ09-21)
• The Golden Wall Prospect has been sampled by past explorers and shows disseminated sulphides and iron
oxide over a 400 m cliff face. Up to 61 g/t Au was discovered in outcrop, and a Golden Predator drill hole
GW10-028 returned 2 m @ 3.2 g/t Au.
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Mark Saxon, President & CEO of T2 Metals Corp. , said, “With the second close of our private placement now
complete, T2 Metals has the strongest balance sheet in its history and, as such, a clear mandate for the 2026 field
season. I sincerely thank every investor who participated — the quality of support across the two tranches reflects
genuine conviction in the Yukon’s gold story.
Equally significant is today's confirmation that we have received TSX Venture Exchange approval for our acquisition
of the Aurora Project from Shawn Ryan. Having Shawn as our project partner and advisor, a renowned explorer
and prospector responsible for multiple significant discoveries in the Yukon, gives me enormous confidence in the
project and its potential.”
Figure 1: Regional Location of the Aurora Project, Yukon Territory, Canada.
See Table 1 for additional information on resource-stage projects and supporting NI 43-101 report references.
Certain insiders of the Company participated in the Financing and purchased an aggregate of 110,000 Units.
Participation of the insiders in the Offering constituted a "related party transaction" as defined under
Multilateral Instrument 61‐101 – Protection of Minority Security Holders in Special Transactions ("MI 61‐101"), but
was exempt from the formal valuation and minority shareholder approval re quirements of MI 61‐101, as neither
the fair market value of the securities issued to the insiders nor the cons ideration paid by the insiders exceeded
25% of the Company's market capitalization. None of the Company's directors expressed any contrary views or
disagreements with respect to the foregoing. The Company did not file a material change report 21 days prior to
the closing of the Offering as the details of the participation of the insiders of the Company had not been confirmed
at that time.
Finder’s fees in the amounts of $59,650 cash and 119,300 finder’s warrants (the “Finder’s Warrants”) have been
paid on a portion of the Financing. Each Finder’s Warrant is convertible into one common share at a price of $0.75
for a period of two years from closing. Net proceeds will be used for working capital, acquisition of the Aurora
Project and exploration of the Company’s project portfolio.
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All securities issued in the Financing are subject to a four -month hold period and to all necessary regulatory
approvals, including the final acceptance of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale
of any of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares have
not been, and will not be, r egistered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the
United States or to, or for the account or benefit of, U.S. pe rsons (as defined in Regulation S under the U.S.
Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration requirements.
Company Date(s) Work Performed Significant Mineralization Noted
Mr. W Walker 1916-1918 5.5 m adit and hand trenching in stibnite
veins in an aplite dyke. Sb
Conwest Exploration &
Central Patricia Gold Mines 1966–1967 Staking, geochem, geophysics, mapping,
and 4 drill holes (200.9m).
Au: Up to 120.0 g/t over 1.3m (North
showing); 28.5 g/t over 2.8m in drilling.
Cream Silver Mines 1970 Geological mapping and hand trenching of
Rainbow and JC veins N/A
Acheron Mines (later Pan
Acheron Resources) 1975–1976 Mapping, geochem, hand trenching, and 3
drill holes (166.1m).
Au: 20.6 g/t over 3.1m (South showing
vein) in drilling.
Standard Oil Company 1975-1976
Airborne radiometric survey, stream
sediment survey over Antimony Mtn stock;
ground radiometrics.
N/A
Anaconda Exploration Ltd 1979-1980
Mapping and geochemical sampling, 4 DDH
totalling 1000 m in the Rainbow and JC
veins.
N/A
Riocanex Inc. 1980 Electromagnetic (EM) survey. N/A
Cody Hawk Resources 1982–1988 Mapping, EM surveys, rock sampling, and
trenching.
Au: Identified association with quartz-
tourmaline-sulphide veins in hornfels.
Total Energold Corp 1988–1989 Mapping, geochem, airborne/surface
geophysics, trenching, 6 drill holes (756m).
Au: 22.8 g/t over 1.53m; 7.9 g/t and 7.5
g/t over 1.8m in drilling.
Kennecott Canada Inc. 1994–1998 Large-scale mapping, soil/stream/rock
sampling, and prospecting.
Au: Float samples of 19.0 g/t and 7.24
g/t; 69.0 g/t Au from Toby Creek vein
outcrop.
Prospector International
Resources 1997–1998 Staking, stream sampling, and prospecting. Ag/Pb/Zn: 15.6 ppm Ag, 1.3% Pb, and
6.5% Zn (For Sure claims).
Strategic Metals / War
Eagle JV 2004 Prospecting, soil sampling, mapping,
trenching, and 4 drill holes (832m).
Au/Cu: 20-40m intervals of 200-300 ppb
Au; associated with chalcopyrite (Cu).
Logan Resources / Golden
Predator 2005-2011 12 diamond drill holes on the AJ target. Au: 12.45 g/t over 4.88m; 5.55 g/t over
0.49m; 9.24 g/t over 0.31m.
Table 1. Aurora Project history, taken from Yukon Geological Survey records.
Disclaimers
The qualified person (as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects)
for the Company's projects, Mr. Mark Saxon, the Company’s President and Chief Executive Officer, a Fellow of the
Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has
reviewed and approved the contents of this release.
Readers are cautioned that the discussion about adjacent or similar properties in this news release is not necessarily
indicative of the mineralization or potential of the Aurora Project. The Company has no interest in or right to acquire
any interest in any such adjacent properties.
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About T2 Metals Corp (TSX.V: TWO) (OTCQB: TWOSF) (FRA: WJ6)
T2 Metals Corp is an emerging precious and critical strategic metals company enhancing shareholder value through
exploration and discovery. T2 Metals is committed to engage with rights holders and stakeholders with the highest
level of respect, ensuring that our exploration activities contribute positively to the communities in which we
operate.
ON BEHALF OF THE BOARD
“Mark Saxon”
Mark Saxon
President & CEO
For further information, please contact:
t2metals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward -looking information. Forward -looking
statements are often, but not always, identified by the use of words such as "seek", "anticipate”, "plan", "continue”,
"estimate”, "expect", "may”, "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-
looking sta tements are based upon the opinions and expectations of management of the Company as at the
effective date of such statements and, in certain cases, informati on provided or disseminated by third parties.
Although the Company believes that the expectations reflected in forward -looking statements are based upon
reasonable assumptions, and that information obtained from third party sources is reliable, they can gi ve no
assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue
reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ
materially from those projected in the forward -looking statements. Such risks include uncertainties relating to
exploration activities. When relying on forward-looking statements to make decisions, investors and others should
carefully consider the foregoing factors and other uncertaint ies and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any forward -looking statements, except
as may be required by applicable securities laws.