TRENCH METALS ADVANCES EXPLORATION AT CARTER LAKE URANIUM PROJECT WITH INDUCED POLARIZATION SURVEY

Vancouver, Canada – February 15th, 2024 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce that it is in the process of permitting an Induced Polarization (IP) survey at its wholly-owned Carter Lake Uranium Project, covering several kilometers of the Carter Lake corridor. This strategic move is aimed at delineating and refining diamond drilling targets along the Carter Lake corridor, which runs parallel to the Patterson Lake Corridor—a control zone for the Arrow and PLS discoveries. The IP survey will play a pivotal role in enhancing our understanding of the project’s geology, providing valuable data for future exploration activities.

The Carter Lake corridor, known for its geological significance, presents a compelling opportunity for uranium exploration. By employing cutting-edge IP survey technology, the Company aims to precisely map subsurface features, enabling the identification of high-potential drilling targets. This data will be analyzed in conjunction with radiometric and radon gas data, as well as other geophysical datasets, enhancing the accuracy and efficiency of our exploration strategy.

Simon Cheng, President of the Company, commented on the significance of this development, stating, “The initiation of the Induced Polarization survey at Carter Lake marks a crucial step forward in our exploration efforts. This state-of-the-art survey technique will provide us with a detailed subsurface understanding, allowing us to refine our drilling targets and unlock the full potential of the Carter Lake Uranium Project. We are committed to employing cutting-edge technologies to drive our exploration success.”

Trench Metals remains dedicated to the highest environmental standards in its exploration activities.The company places a strong emphasis on responsible mining practices, ensuring that all operations adhere to stringent environmental protocols. Furthermore, Trench Metals actively collaborates with local communities and Indigenous groups, fostering positive relationships and incorporating traditional knowledge into its exploration processes.

The Company’s commitment to environmental stewardship and community engagement underscores its dedication to conducting exploration activities in a sustainable and socially responsible manner. Trench Metals values the partnerships it has built with local communities and indigenous groups and recognizes the importance of responsible resource development.

For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43- 101 and is responsible for, and has approved, the technical information contained in this release.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen’s Rook 1 deposit and Fission Uranium’s PLS deposit. Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* The Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

*The historical mineral resource estimate presented above uses categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Higginson Lake Uranium Project.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS CLOSES FLOW-THROUGH PRIVATE PLACEMENT

Vancouver, Canada – December 18, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce it has completed a non-brokered private placement (the “Offering”) of 2,200,000 units (each, a “Unit”) at a price of $0.13 per Unit for gross proceeds of $286,000. Each “Unit” consists of one flow-through common share (each, an “FT Share”) and one share purchase warrant entitling the holder to acquire an additional non-flow-through common share at a price of $0.20 until December 18, 2024.

Proceeds from the Offering will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act and “flow through mining expenditures” as defined in subsection 127(9) of the Income Tax Act. In connection with completion of the Offering, the Company paid $17,160 and issued 132,000 non-transferable share purchase warrants (each, a “Finders’ Warrant”) to an arms-length third-party who assisted in introducing the subscriber to the Offering. The Finders’ Warrant are exercisable on the same terms as the Warrants.

All securities issued in connection with the Offering are subject to restrictions on resale until April 19, 2024 in accordance with applicable securities laws.

For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS RECEIVES PERMIT TO COMMENCE EXPLORATION PROGRAM ON THE HIGGINSON LAKE URANIUM PROPERTY, ATHABASCA, CANADA

Vancouver, Canada – October 3rd, 2022 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) has been granted the requisite permit on the Higginson Lake Uranium Property, from the Saskatchewan Ministry of Environment and Lands, for a fall exploration program to commence immediately. The Crown Land Work Authorization Permit (ENV File: 22-15-M0025) authorizes the Company to conduct low impact prospecting, geological mapping, and sampling on multiple target areas over the entire Property (Claim #MC00014430). Exploration crews from Exploration Facilitation Unlimited Inc. will fly in daily by float plane to the Property from the Points North logistical base. The exploration activities are expected to be completed in mid- October.

Uranium mineralization at the Higginson Lake Property is interpreted to be controlled by the Black Lake Fault, a major northeast striking regional fault that transects the Athabasca Basin. As previously reported (Press Release October 18, 2021), the Property hosts a historic drill-indicated reserves of 4.8 million pounds of U3O8 (1). Previous exploration at the Property has identified twelve historic showings, associated with two significant uranium trends identified in an internal company summary report by Exploration Facilitation Unlimited Inc. This report was based on a review of Saskatchewan assessment reports and private data.

  • Charlebois-Diane Trend- The northern uranium trend strikes east-southeast from the Charlebois Lake showings to the Dianne uranium showings, with projections to the southeast on the recently expanded claims, extending for over seven kilometres. The Charlebois Lake showings have seen little modern exploration and has hundreds of metres of exposure and is the source of the highest assay value results on the property of 1.57 per cent U3O8. The pegmatite showing area is underlaid by massive gneissic granite intruding a metasedimentary series. The contacts consist of a zone of biotite injection gneiss, biotite schists and granite, up to 91 metres wide. At intervals in this contact zone are sill-like lenses of fine-grained biotite pegmatite several metres wide and hundreds of metres long. The radioactivity in the pegmatites is associated with quartz- and biotite-rich portions and is probably due to dissemination of fine-grained uraninite. Yellow staining can be seen intermittently over the zones.
  • Corrigan Lake Trend – Located southwest of, and paralleling (WNW-ESE), the Charlebois- Diane Trend, the Corrigan Lake Trend was explored by trenching and diamond drilling in the 1950s, with a historical drill indicated resource (1), which was published in the Northern Miner (May 1956) of 2,000,000 tons grading greater than 0.1% U3O8, or 4,400,000 lbs U3O8. (Saskatchewan Mineral Deposit Index File 1656). In addition, a 2008 VTEM report interpretation lists a series of anomalies in the vicinity of the showing as the highest priority targets on the grid flown. The Corrigan Lake showing is underlain by red granite gneisses in the north in contact with migmatites in the south. White pegmatite occurs along the contact and exhibits high radioactivity.

The Higginson Lake property is remarkably under explored, with many targets not worked since the 1950-1960s. The current exploration program will investigate the known historic uranium showings and mineralized zones with the intention of confirming both grade and extent. In addition, the Company has also identified several new zones on interest, which appear to be related to the historic zones and many could expand the overall dimensions of the Higginson system.

The Company acknowledges the traditional lands and rights of the Black Lake Denesuliné Nation, covering the area of the Higginson Lake Property.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project hosts two historic drill indicated reserves, totaling 4,800,000 lbs of U308.(1) The Gorilla Lake Uranium Project which comprises of nearly 7000 hectares in the Northern Mining District of Saskatchewan near the Shea Creek uranium deposit. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

(1) Dee Exploration Ltd. published in the Northern Miner a historical drill-indicated reserve of two million tons grading greater than 0.1 per cent U3O8, or 4.4 million pounds of U3O8, at the Corrigan Lake showing. In addition, Palmor Industries identified a drill-indicated reserve of 200,000 tons, averaging two pounds per ton U3O8, 550 m northwest of the Corrigan Lake showing, this being an additional 400,000 pounds of U3O8. These historical mineral resource estimates used categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and as such the Company is treating them as a historical resource estimates. Readers are cautioned that the historical mineral resource estimates do not mean or imply that economic deposits exist on the Property.

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43- 101 and is responsible for, and has approved, the technical information contained in this release.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS ANNOUNCES EXPLORATION PLANS FOR CARTER LAKE URANIUM PROJECT

Vancouver, Canada – October 11, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce its detailed exploration plan for the Carter Lake Uranium Project. The exploration program at the Carter Lake Uranium Project has been thoughtfully divided into two distinct phases, each aimed at maximizing the project’s potential and ensuring accurate geological mapping. The comprehensive program aims to unlock the project’s full potential and provide valuable insights into the region’s geological features. The Company is committed to executing a meticulously planned and environmentally responsible exploration program.

Phase One: Airborne MT Survey

The first phase of the program involves conducting an airborne Magnetotelluric (MT) survey. This state-of-the-art survey technique will accurately map basement depths and geological features both at the unconformity and within the basement rocks. MT surveys are renowned for their effectiveness in penetrating subsurface layers, with a range of several kilometers. This technology offers superb resolution, enabling us to identify faults, contacts, and geological domains with precision.

Phase Two: Diamond Drilling

Following the completion of the MT survey, the program will move on to its second phase, which entails diamond drilling. This phase aims to test the two primary target zones, TZ1 and TZ2, both at the unconformity and within the basement. The program will involve two setups, each with three 600-meter drill holes, totaling 3600 meters of drilling. This strategic approach will provide valuable core samples for in-depth analysis.

The Company is actively in the process of securing an experienced exploration team to spearhead these phases of the program. The selection process will prioritize expertise and a commitment to environmental responsibility.

The Company is dedicated to maintaining transparent communication with its shareholders as the timing of the program’s execution is determined. Regular updates will be provided to ensure that our investors remain well-informed throughout the exploration process.

As part of our corporate responsibility, the Company emphasizes environmental stewardship and community collaboration. We are committed to conducting our exploration activities in an environmentally responsible manner, adhering to all relevant regulations and guidelines. Moreover, we will work closely with local communities to ensure that our operations are conducted with respect and consideration for their interests and concerns.

The Company is excited about the potential that the Carter Lake Uranium Project holds and is confident that this exploration program will pave the way for a successful future in uranium resource development.

For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43- 101 and is responsible for, and has approved, the technical information contained in this release.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen’s Rook 1 deposit and Fission Uranium’s PLS deposit. Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* The Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

*The historical mineral resource estimate presented above uses categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Higginson Lake Uranium Project.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS IDENTIFIES EXPLORATION TARGETS AT CARTER LAKE URANIUM PROJECT

Vancouver, Canada – October 3rd, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to provide an exploration update for its wholly-owned Carter Lake Uranium Project situated on the west side of the Athabasca Basin.

A examination of the VTEM (Versatile Time Domain Electromagnetic) data has unveiled multiple potential exploration targets. The identified targets are predominantly characterized as either conductive zones (graphite-bearing zones) at the basement level or alteration systems near the unconformity. Notably, these conductors exhibit strong alignment with radon gas anomalies present within the Carter Lake Corridor, a significant regional scale structure. This structure runs parallel to the renowned Patterson Lake corridor, known for hosting substantial uranium discoveries. These include significant deposits like the Triple R Deposit owned by Fission Uranium and the Arrow Deposit under Nexgen Energy.

From the findings, a total of twelve conductive Target Zones (TZ) have been spotlighted. Based on a combination of factors including response strength, strike angle, strike length, and magnetic analysis, TZ-2 and TZ-4 have been earmarked as the highest priority. Specifically, their strike angle is consistent with fold axes or faulting, they boast a longer strike length, and they are in proximity to magnetic lows and areas of discontinuities in the magnetic high.

The Company remains committed to responsible exploration practices and environmental stewardship throughout its operations. The Company adheres to all applicable regulations and standards, ensuring that its activities are conducted with utmost care for the environment and local communities.

For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43- 101 and is responsible for, and has approved, the technical information contained in this release.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen’s Rook 1 deposit and Fission Uranium’s PLS deposit. Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* The Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

*The historical mineral resource estimate presented above uses categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Higginson Lake Uranium Project.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS CONDUCTS TECHNICAL REVIEW OF CARTER LAKE URANIUM

Vancouver, Canada – September 20th, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces its ongoing review of technical datasets from the Company’s wholly owned Carter Lake Uranium Project. Situated on the prolific west side of the Athabasca Basin, this project holds immense promise for contributing to a cleaner, greener energy future. The comprehensive review includes geophysical and geological data, and notably, ground-sourced radon gas emission data—an essential vector for detecting the presence of uranium. These efforts will yield well-defined exploration targets, providing a clear path forward for upcoming programs.

In an era marked by a growing global commitment to environmental sustainability, uranium has taken center stage as a crucial element in the transition to a cleaner power grid. This year has seen a notable uptick in uranium prices, reflective of heightened interest and investment in the sector. As the world takes significant steps towards a more sustainable and environmentally responsible energy landscape, nuclear power is poised to play an essential role.

Commenting on the rising prominence of uranium, Simon Cheng, President and CEO of the Company, stated, “We are truly excited about the recent acquisition of the Carter Lake Uranium Project, strategically located on the highly prospective west side of the Athabasca Basin. The surge in uranium prices this year is indicative of the heightened global awareness and commitment to cleaner energy sources. At Trench Metals, we firmly believe that nuclear power will be a cornerstone in the transition towards a greener world power supply.”

The ongoing review of technical datasets at the Carter Lake Uranium Project aligns perfectly with the Company’s strategic vision. The Company is committed to advancing its uranium projects, leveraging its expertise and resources to unlock their full potential in support of a sustainable energy future.

The Company remains committed to responsible exploration practices and environmental stewardship throughout its operations. The Company adheres to all applicable regulations and standards, ensuring that its activities are conducted with utmost care for the environment and local communities.

For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43- 101 and is responsible for, and has approved, the technical information contained in this release.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen’s Rook 1 deposit and Fission Uranium’s PLS deposit. Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* The Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

*The historical mineral resource estimate presented above uses categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Higginson Lake Uranium Project.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS COMPLETES ACQUISITION OF CARTER LAKE URANIUM PROJECT

Vancouver, Canada – September 14th, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2 announces that it has completed the acquisition (the “Acquisition”) of Carter Lake Resource Corp. (“CLR Corp”). CLR Corp is the owner of the Carter Lake Uranium Project, situated in the prominent Athabasca Basin of Saskatchewan, Canada.

The Acquisition was completed pursuant to a share purchase agreement entered into with the sole shareholder of CLR Corp (the “Vendor”). In consideration for the Acquisition, the Company has issued 2,600,000 common shares to the Vendor. The Company is at arms-length from the Vendor and CLR Corp. No finders’ fees or commissions were paid by the Company in connection with the Acquisition.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS REACHES AGREEMENT TO ACQUIRE CARTER LAKE URANIUM PROJECT TO EXPAND ATHABASCA BASIN URANIUM PORTFOLIO

Vancouver, Canada – August 31st, 2023- Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2 announces that it has entered into an agreement with Carter Lake Resource Corp. (“CLR Corp”), and the sole shareholder of CLR Corp (the “Vendor”), pursuant to which the Company proposes to acquire (the “Acquisition”) all of the outstanding share capital of CLR Corp. CLR Corp is the owner of the Carter Lake Uranium Project, situated in the prominent Athabasca Basin of Saskatchewan, Canada.

The Carter Lake Uranium Project spans over 691 hectares on the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor, a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home to mineralization control points for NexGen’s Rook 1 deposit and Fission Uranium’s PLS deposit. The Acquisition is intended to align with the Company’s strategic growth plans, adding to its existing position within the Athabasca region.

The Carter Lake Project shares borders with Denison Mine’s Hook-Carter Project to the east and Purepoint Uranium’s Hook Lake project to the south, reinforcing its standing as a prime exploration asset.

The principal exploration focus at Carter Lake centers around approximately 4.7 kilometers of subsurface conductive anomalies, previously identified through MegaTEM and VTEM surveys conducted by ESO Uranium Corp. These anomalies are interpreted as a conductive horizon situated at or above the unconformity, potentially indicative of hydrothermal enrichment. Excitingly, recent assessments via radon gas emission surveys have confirmed the presence of uranium decay along the conductive trend.

Simon Cheng, President and CEO of the Company, expressed his enthusiasm about this acquisition, stating, “We are excited to add the Carter Lake Uranium project into our portfolio of uranium projects within the Athabasca region. The project’s strategic alignment coupled with its accessible location, provides an excellent avenue for expanding our year-round exploration initiatives.”

Cheng further elaborated, “Trench Metals is committed to a comprehensive interpretation of past work executed on the property and will promptly design a near-term work program. We remain dedicated to keeping our valued investors well-informed about our progress. As with all our endeavors, Trench Metals is resolute in conducting its work programs in an environmentally responsible manner, and we are eager to engage in collaborative partnerships with local indigenous communities.”

For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.

Acquisition Terms

Pursuant to the terms of the Acquisition, the Company proposes to acquire all of the outstanding share capital of CLR Corp in consideration for the issuance of 2,600,000 common shares of the Company to the Vendor.

The Company is at arms-length from the Vendor and CLR Corp. No finders’ fees or commissions are payable by the Company in connection with the Acquisition. Completion of the Acquisition remains subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing deliveries.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43- 101 and is responsible for, and has approved, the technical information contained in this release.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* And the Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

*The historical mineral resource estimate presented above uses categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Higginson Lake Uranium Project.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS EXPANDS URANIUM ASSET PORTFOLIO WITH OPTION ON SPRECKLEY LAKE URANIUM PROJECT

Vancouver, Canada – July 23rd, 2023- Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce that it has been granted an option (the “Option”) to acquire the Spreckley Lake Uranium Project, a promising addition to its portfolio of uranium assets. The Spreckley Lake Project covers an expansive area of 1,385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbour Resources’ Pluto Bay Project. The Option marks a significant development in the growth strategy for the Company, further strengthening its’ position in the uranium exploration sector.

The Spreckley Lake Uranium Project has long been recognized as a region of exceptional mineralization potential. The Project’s geological setting, adjoining the Black Lake Fault— a large-scale regional structure located west of the Project boundary—makes it a highly prospective exploration area for uranium deposits.

Exploration activities at the Spreckley Lake Project date back to the 1950s, during which several distinct uranium occurrences were identified. Notably, these include the B-1, H-1, and H-3 showings, as well as the M-1, M-7, M-13, M-15, M-17, and M-39 Uranium Zones. In 1967, a preliminary historical resource estimate* was reported, indicating 141,000 tons grading 0.073% U3O8 over an average width of 11.1 feet (3.4 meters) using a cut-off grade of 0.04% U3O8 or 72,700 tons grading 0.13% U3O8 over a width of 6.7 feet (2.0 meters) using a cut-off grade of 0.07% U3O8 (Minfile 1749).

Radioactive mineralization has been identified for several kilometres along the east shore of the southwest bay of Spreckley Lake. The area is underlain by radioactive white pegmatites intercalated within a series of granite-intruded meta-sediments adjacent to a foliated granite mass. Radioactivity is in the form of uraninite within biotite crystals, often accompanied by quartz. All significant radioactive zones occur in white pegmatite with a composition of approximately 65% white feldspar (mostly plagioclase), 30% quartz and 5% biotite.

“At Trench Metals, we are thrilled to add the Spreckley Lake Uranium Project to our uranium asset portfolio,” said Simon Cheng, President of the Company. “The project’s proximity to Skyharbour’s Pluto Bay Project and its association with the Black Lake Fault underscores its tremendous exploration potential. We are eager to commence our work on this project in the near term, leveraging our expertise and resources to unlock its substantial prospects.”

The Company is currently in the process of collating historical datasets, including field maps, drill logs, and assays, to gain a comprehensive understanding of the project’s geological characteristics. This extensive data compilation will play a pivotal role in refining exploration targets for a planned field program in 2023.

The Company remains committed to responsible exploration practices and is dedicated to adhering to all applicable regulations and environmental standards throughout its operations. The Company’s seasoned exploration team will undertake thorough assessments to maximize the potential of the Spreckley Lake Uranium Project. The Company is optimistic about the project’s prospects and looks forward to embarking on an extensive exploration program to unlock its full mineralization potential.

Option Terms

Pursuant to the terms of the Option, the Company is entitled to acquire the Spreckley Lake Uranium Project in consideration for completion of a series of cash payments totaling $250,000 to the current owner of the Project (the “Vendor”), of which $20,000 has been advanced initially, and incurring $150,000 of exploration expenditures on the Project over a three-year period. Following exercise of the Option, the Company will grant a onepercent net smelter returns royalty to the Vendor, which may be acquired back from the Vendor at any time in consideration of a cash payment of $1,000,000.

The Company is at arms-length from the Vendor. No finders’ fees or commissions are payable by the Company in connection with the Option.

Qualified Person

Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

*The historical mineral resource estimate presented above uses categories that do not conform to current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work to classify the estimate as a current mineral resource and as such the Company is treating it as a historical resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or imply that economic deposits exist on the Project.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. has the right to acquire a 100% interest in two highly prospective uranium project in Saskatchewan’s Athabasca Uranium district. Higginson Lake Uranium Project which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host two historic drill indicated reserves, totaling 4,800,000 lbs of U308. And the Spreckley Lake Uranium Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbor’s Pluto Bay Project. The Athabasca District is home to the highest grade of uranium deposits in the world and accounts for 18% of global uranium production.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.


TRENCH METALS ANNOUNCES PRIVATE PLACEMENT

Vancouver, Canada – July 10, 2023 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) is pleased to announce it will conduct a non-brokered private placement (the “Offering”) of up to 10,000,000 units of the Company (each, a “Unit”) at a price of $0.25 per Unit to raise gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.30 at any time on or before the date which is twelve months after closing of the Offering.

The net proceeds raised from the Offering will be used to advance exploration work at the Higginson Lake Uranium Project, located in Northern Saskatchewan, and for general working capital purposes.

The Company may pay finders’ fees to eligible parties who have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restriction on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Closing of the Offering remains subject to the approval of the TSX Venture Exchange.

Incentive Option Grant

The Company also announces that it has granted 1,500,000 incentive stock options (the “Options”) to the directors and officers of the Company. The Options vest immediately and are exercisable at a price of $0.30 until July 10, 2024.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Higginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.