Transition Receives Positive Assay Results from New Exploration Projects located in Northwestern Ontario

Transition Receives Positive Assay Results from New Exploration Projects located in

Northwestern Ontario

Sudbury, September 5, 2018 – Transition Metals Corp (XTM – TSX.V) (“Transition”, “the Company”) is pleased

to provide assays results from preliminary prospecting completed on the company’s Revell and Island Copper

Projects located in northwestern Ontario. Both the Revell and Island Copper properties were acquired by XTM

in April of 2018 as part of a much large r staking program (see April 23, 2018 – Press Release) designed at

acquiring low-cost exploration assets consistent with the company’s Project Generator Business Model.

Revell Property

The Revell Property is located 50 km SE of the town of Dryden in Revell and Hyndman townships along the

TransCanada Highway. The Property covers a set of underexplored Ni -Cu-PGM showings, called the Tache

East and West showings that were discovered in the 1960’s. Historic drilling completed in 1967 on the Tache

West showing encountered two shallow zones of Ni -Cu mineralization hosted within a marginal gabbroic unit

that returned values of 10 ft @ 0.64% Ni, 0.77% Cu and 12 ft @ 0.68% Ni, 0.90% Cu.

Three days were spent prospecting the Revell Property focusing on locating and resampling the historic Tache

West and East showings. A total of 24 samples were collected and submitted for analyses. Highlights from that

sampling are listed below.

Sample Showing Pt (ppm) Pd (ppm) Au (ppm) Pt+Pd+Au (ppm) Cu (wt.%) Ni (wt.%)

S899353 Tache West 0.269 0.371 0.361 1.00 0.64 0.11

S899355 Tache West 0.264 0.393 0.259 0.92 0.48 0.07

S899356 Tache West 0.102 0.150 0.081 0.33 0.31 0.07

S899358 Tache West 0.179 0.274 0.117 0.57 0.48 0.09

S899371 Tache East 0.092 0.294 0.057 0.44 0.29 0.14

S899376 Tache East 0.068 0.193 0.051 0.31 0.22 0.23

Island Copper Property

The Island Copper Property is located 15 km north of Sault Ste. Marie in Aweres Township and covers an area

that is interpreted to have high potential for IOCG-style, Cu-Au-Ag mineralization. Mineralization on the property

is hosted in a highly altered granite breccia that is situated at the intersection of major crustal faults thought to

represent the terrain boundary between Archean and Proterozoic rocks . Historic drilling completed on the

property by Kennco Exploration in 1965 reported 11.59 m @ 3.4% Cu and 0.9g/t Au at the Main Showing.

Prospecting the Island Copper Property focused on locating and resampling the historic Main Showing. A total

of nine samples were collected and submitted for analyses. Assay results are listed below.

Sample Showing Cu (wt. %) Ag (ppm) S (wt. %)

S899379 Main Showing 2.80 <1 3.21

S899380 Main Showing 9.00 7 9.41

S899381 Main Showing 4.21 4 3.97

S899382 Main Showing 4.67 1 5.37

S899383 Main Showing 4.69 2 4.72

S899384 Main Showing 1.61 <1 1.63

S899385 Main Showing 3.72 <1 3.80

S899386 Main Showing 3.14 <1 3.19

S899387 Main Showing 0.63 2 0.90

Commenting on the news, Company CEO and President Scott McLean stated “We are encouraged with the

assay results from the initial prospecting at both the Revell and Island Copper properties. We feel that the Revell

Property has the potential to host a new Ni-Cu-PGM environment that has seen only minimal exploration over

the past 50 years and the results from the Island Copper Property demonstrate the high grade potential of this

poorly understood property. In the following months we look forward to further exploring and evaluating both of

these properties.”

Qualified Person

The technical elements of th is press release ha ve been approved by Mr. Grant Mourre, P.Geo. (APGO), a

Qualified Person under National Instrument 43 A-101. All analytical work performed on rock samples was

conducted at AGAT Laboratories with sample preparation completed in Thunder Bay and Sudbury, Ontario and

analyses completed in Mississauga, ON. The quality system used by AGAT Laboratories complies with

international standards ISO 9001:2015 and ISO 17025:2005

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes

“forward-looking information” within the meaning of Canadian securities law. Such forward -looking information

may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will”

and include without limitation, statements regarding estimated capital and operating costs, expected production

timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There

can be no assurance that such statements will prove to be accurate; actual results and future events could differ

materially from such statements. Factors that could cause actual results to differ materially inc lude, among

others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors

are outside the control of the Company. Investors are cautioned not to put undue reliance on forward -looking

information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly

disclaims any intent or obligation to update publicly forward -looking information, whether as a result of new

information, future events or otherwise.

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.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean

President and CEO

Transition Metals Corp.

Tel: (705) 669-1777