News Item

Issue of Shares

TM1 announces that the Company has issued 603,981 ordinary shares in the Company to North American Strategic Metals Inc. (“NASM”) in settlement of payment due to NASM for the acquisition of a working interest in the Oacama Project and 1,132,075 ordinary shares to a supplier (“Supplier”) for the provision of consultancy services, a total of 1,736,056 new ordinary shares (“New Shares”).

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