1Q4 2021

Mitigating Risk.MultiplyingOpportunities.

XTM – TSXV | Corporate Presentation

2XTM:TSXV

Certain information contained in this presentation, includes information and statements which may contain words such as

"could", "plans", "should", "anticipates", "expect", "believe", "will", “upcoming” and similar expressions and statements

relating to matters that are not historical facts are forward-looking information. All of the forward-looking information

contained in this presentation is qualified by this cautionary statement. There can be no assurance that the actual results or

developments anticipated by Transition Metals Corp as expressed or implied by the forward-looking information, will be

realized or, even if substantially realized, that they will have the expected consequences to or effects on Transition Metals

Corp or its business operations. Transition Metals Corp disclaims any intention or obligation to update or revise any

forward-looking information as a result of new information or future events. Readers should not place undue reliance on

forward-looking information.

Forward-Looking Statements

3XTM:TSXV

Experienced award-winning team

Diverse projects & commodity portfolio

Continued growth and development

Why Invest in Transition Metals?

► The project generator

model provides maximum

exposure to the discovery stage

with the greatest opportunity for

share price growth.

► Leverage partner funding to

advance projects and minimize

shareholder equity dilution.

► Strong and diverse project,

and commodity exposure that

supports green energy.

► Focus on exploration and

development of economic

deposits in Canada, and

ultimately re-investing into

local communities.

4XTM:TSXV

A PROJECT GENERATOR POISED FOR

GROWTH

An undervalued stock, deep relationships

with well-funded partners, ongoing high

demand for metals, over 30 projects and

new discoveries on the horizon, an award-

winning technical team with a proven track

record, plus ownership of a company set

for a Public Transaction means now is the

time for Transition Metals Corp.

5XTM:TSXV

▪ Team▪ Projects▪ Alliances▪ IPO ▪ Exploration

▪ Funding▪ Investors▪ Partnerships▪ Drilling▪ Discoveries

▪ Spin outs▪ Feasibility▪ Construction

▪ Royalties▪ Income▪ Cash▪ Securities

<$10M Mkt Cap $10 - $50M $50 - $100M > $100M

$711 mkt cap41.1M shares

$345M mkt cap85.4M shares

A Proven Business Model

Continued focus on increasing:

► Partnerships & Alliances

► Exploration & Discoveries

► Royalties, Cash & Securities

6XTM:TSXV

Capital Structure and Share Performance

As at September 21st, 2021

7XTM:TSXV

Funding vs Asset Values

As at October 7th, 2021

8XTM:TSXV

DIVERSE PROJECT PORTFOLIO

Diversification of commodities mitigates risk.

With a moderate exposure to energy and

base metals, coupled with a diverse

precious metals project portfolio, Transition

Metals Corp’s multi-commodity focus

reduces the company's exposure to

commodity market swings and broadens its

attractiveness to funding partners.

9XTM:TSXV

Commodity and Property Distributions

10XTM:TSXV

OUR PARTNER ADVANTAGE

Transition Metals is the ideal partner for

junior, mid-tier and senior mining companies

looking for new exploration opportunities, as

well as prospectors and land owners looking

to advance their properties. From supplying a

specific commodity and/or property of merit,

to exploration work and management, we are

your partner of choice.

11XTM:TSXV

Thunder Bay Opportunities, Ontario

• 25% carried interest in our Sunday Lake

discovery now managed by Impala Canada

• Drill ready MCR related intrusion on the

Saturday Night project

• Owl Lake, and Eva Kitto; grass roots MCR

intrusion related Ni-Cu-PGM projects

• Maude Lake; grass roots intrusion related Ni-Cu-

PGM project

• Jolly Au project; grass roots orogenic Au with

VMS potential, 45km2 over the Lac des Iles

greenstone belt

12XTM:TSXV

• Land packages totaling 154 km2 covering a

range of polymetallic Gold, Copper, Silver, and

Tungsten deposits adjacent to the Sudbury

Igneous Complex

• A region historically under-explored for

polymetallic gold has been recently identified by

the Geological Survey of Canada as a potential

IOCG district

• Extensive trends of brecciated and strongly

sodic altered rocks close to major crustal

structures

Sudbury Opportunities, Ontario

13XTM:TSXV

Wollaston Copper Opportunity, Saskatchewan

• 175km2, 100% owned package

along trend from Rio Tinto’s

Janice Lake Cu Project

• Covers known Cu showings over

a 50 km strike length,

interpreted to be on-strike

equivalents to Janice Lake

• Grab samples returned: 1.73 to

4.52 % Cu, 0.17 to 0.42 oz/t Ag,

and 0.01 to 0.03 oz/t Au

• Drill intercepts of 0.24% copper

over 10.82 m and a second

intersection of 0.49% copper

over 7.4 m within 40 m of

surface

• Property also hosts the Fable

Lake deposit, a possible Broken

Hill style zinc deposit

• 2021 exploration and ground-

truthing results pending

14XTM:TSXV

Focus on E.S.G.► ENVIRONMENTAL

Environmental standards that minimize and avoid impact to water, land, and air with strict adherence by all employees and contractors.

► SOCIALCollaboration with communities, contractors, employees, and all other stakeholders to create long-term, trusting relationships, and high safety standards.

► GOVERNANCEAccurate and ethical in all business practices to create transparency for partners and shareholders.

15XTM:TSXV

From the field to the boardroom, our entire

team is focused on successful exploration

and mining, not just for profits, but for

purpose as well. We have the experience,

expertise, and awards to deliver results for

shareholders and stakeholders alike.

AWARD-WINNING TEAM

16XTM:TSXV

VP Exploration• Co-recipient of the Northwestern

Ontario Prospectors Association 2004 Discovery of the Year Award

• Specialist in lode gold and base metals systems on surface and underground

• Over 35 years experience in exploration and mapping programs

MSc. P.Geo.TOM HART

Exploration Manager• Over 16 years minerals

exploration within NA focused primarily on Ni-Cu-Co-PGMs.

• 2014 Ontario Discoverer of the Year

• 10 years exploration in the Sudbury Basin

MSc. P.Geo.GRANT MOURRE

Management Team

CEO & Co-founder• 2004 PDAC Prospector

of the Year for Nickel Rim South Discovery

• 2014 Ontario Discoverer of the Year

• Over 35 years experience, 23 years with Falconbridge/ Xstrata (Responsible for the Sudbury Exploration Investment)

HBSc. P.Geo.SCOTT MCLEAN

COO & Co-founder• Over 25 years experience in

exploration, mine planning and operations, and management

• Numerous Au, and Ni-Cu-PGM discoveries in Canada and Vietnam

• Helped attract over $250M in venture capital to mining projects

BSc. Eng., P.Geo.GREG COLLINS

CFO• Principal of The Marrelli Group

of Companies.

• Chief financial officer to a number of issuers on the TSX, TSX Venture Exchange, and CSE, as well as non-listed companies, and as a director of select issuers.

BComm, CPA, CA, CGA

CARMELO MARRELLI

17XTM:TSXV

► PROJECT GENERATIONAcquiring additional quality projects and expanding pipeline

► FIELD WORKSaturday Night (PGM), Thompson (Au), Maude Lake (Ni-Cu-PGM), Aylmer (Au-Cu)

► DRILLINGSunday Lake, Saturday Night, Aylmer, and Fostung Properties

► DEAL FLOWSecuring joint-venture partners to fund drilling and exploration work

► PUBLIC LISTINGCanadian Gold Miner expected in 2022

Upcoming Catalysts

18Q4 2021

Mitigating Risk.MultiplyingOpportunities.

Scott McLean HBSc., P.Geo.CEO & Co-founder

smclean@transitionmetalscorp.com9C – 1351 Kelly Lake RoadSudbury ON P3E 5P5Telephone: 705-669-0590

19XTM:TSXV

Board of Directors

WILLIAM PEARSON, PhD., P.Geo.

• 2015 recipient of the PDAC Distinguished Service Award

• Executive VP Exploration for EloroResources in Peru

• Over 40 years experience in exploration and mine development programs in 18 countries in North and South America, Europe, East Asia and Australia

THOMAS ATKINS, BSc., MBA

• Past CEO of 4 publicly listed mining companies, raised approximately $100 million in various equity and debt financings

• Over 30 years experience successfully leading exploration and development initiatives in the Americas

JON BAIRD, BSc., P.Eng.

• 2013 recipient of the Queen Elizabeth II Medal and the CIMM Vale Medal

• Professional geophysicist and independent Consultant since retiring as the Managing Director of the Canadian Association of Mining Equipment and Services for Export in January 2015

• Past president of the Prospectors and Developers Association of Canada

BRIAN MONTGOMERY, LL.B.

• Lawyer and a retired partner of Weaver Simmons LLP

• Currently counsel with the MoutsatsosLaakso Alexander LLP law firm in Sudbury specializing in business and corporate law

• Recognized for his expertise in all aspects of mining, corporate, real estate, and business law

SCOTT MCLEAN, HBSc. P.Geo.

• 2004 PDAC Prospector of the Year for Nickel Rim South Discovery(now Glencore/Xstrata)

• 2014 Ontario Discoverer of the Year

• Over 35 years experience, 23 years with Falconbridge/Xstrata (Responsible for the Sudbury Exploration Investment)

JASON MARKS, P.Eng., MBA

• CEO of Metric Asset Management

• Past CEO and Chief Investment Officer of Fiera Quantum Limited, CEO and Chief Investment Officer of GMP Investment Management, Vice Chair at TD Securities, Senior Vice President at TD Bank, and Vice President at Citibank Canada