TORR METALS

PROPERTY LOCATION & ACQUISITION DATE

The Latham Copper-Gold Project is in the northwest region of British Columbia, within the territory of the Tahltan Nation, 24 km south of Dease Lake, BC and 45 km north of the community of Iskut, BC. It was acquired on November 26, 2021.

Contacts

GENERAL INQUIRIES, LEADERSHIP & CONTRACTING

Malcolm Dorsey CEO

236 982 4300 malcolmd @torrmetals.com

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

Our collaboration with Ann Ball and the Tahltan Central Government (TCG) was a major success in that the majority (more than 60%) of Torr’s total 2022 workforce that assisted in our survey work were Tahltan Nation members. Through this initiative we were able to provide contracts for seven Tahltan businesses, providing local opportunities where

Project Activities In The 2022 Season

Survey and due diligence work was conducted from June to October 2022, with activities including geological mapping, soil and rock sampling, and ground-based induced polarization geophysics. Work was concentrated within localized zones and ceased in late October 2022. Workers stayed in local accommodations in Dease Lake.

workers were able to return home every night to be with their families. As a result, we were able to achieve approximately $430,000 in contracts and local spending. Torr was also able to provide surplus food donations to the local communities, Dease Lake School Breakfast and Lunch Program, and donate to support the Tahltan Selects Hockey Team. These actions demonstrate Torr’s corporate values and commitment as we seek to learn how we may best deliver meaningful local benefits.

Number of employees working on your project(s)?

The total workforce numbered 27 for Torr over the 2022 survey program.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

The majority of our investors are Canadian as we are listed on the TSX Venture Exchange (TSXV). Approximately 40% is held by management, 30% institutional investors, and 30% retail investors. Our market cap is $3.6 million.

Tentative plans and hopes for the 2023 season?

Torr hopes to receive its Mines Act permit in early 2023 in order to conduct a helicopter access only drill program following best practices and in accordance with Tahltan values. Should we receive the permit, work would be conducted overseen by Tahltan monitors with environmental and water protection protocols in place together with reclamation and archaeological chance find procedures. Work would also be halted within specified areas during the hunting season. Workers will stay at home or in local commercial accommodation in Dease Lake.