TMC:CC - Trench Metals Receives Permit to Commence Exploration Program on the Higginson Lake Uranium Property Athabasca Canada

(TheNewswire)

Vancouver, Canada– TheNewswire - October 3rd, 2022 - Trench Metals Corp . (the“ Company ”) (TSXV: TMC ) , (OTC:NVTQF), ( FWB: 33H2 ) has been granted the requisite permiton the Higginson Lake Uranium Property, from the Saskatchewan Ministryof Environment and Lands, for a fall exploration program to commenceimmediately. 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 theentire Property (Claim #MC00014430). Exploration crews fromExploration Facilitation Unlimited Inc. will fly in daily by floatplane to the Property from the Points North logistical base. Theexploration activities are expected to be completed in mid-October.

Uranium mineralization at the Higginson Lake Propertyis interpreted to be controlled by the Black Lake Fault, a majornortheast striking regional fault that transects the Athabasca Basin.As previously reported (Press Release October 18, 2021), the Propertyhosts a historic drill-indicated reserves of 4.8 million pounds ofU3O8 (1). Previous exploration at the Property has identified twelvehistoric showings, associated with two significant uranium trendsidentified in an internal company summary report by ExplorationFacilitation Unlimited Inc. This report was based on a review ofSaskatchewan assessment reports and private data.

• Charlebois-Diane Trend- The northern uranium trendstrikes east-southeast from the Charlebois Lake showings to the Dianneuranium showings, with projections to the southeast on the recentlyexpanded claims, extending for over seven kilometres. The CharleboisLake showings have seen little modern exploration and has hundreds ofmetres of exposure and is the source of the highest assay valueresults on the property of 1.57 per cent U3O8. The pegmatite showingarea is underlaid by massive gneissic granite intruding ametasedimentary series. The contacts consist of a zone of biotiteinjection gneiss, biotite schists and granite, up to 91 metres wide.At intervals in this contact zone are sill-like lenses of fine-grainedbiotite pegmatite several metres wide and hundreds of metres long. Theradioactivity in the pegmatites is associated with quartz- andbiotite-rich portions and is probably due to dissemination offine-grained uraninite. Yellow staining can be seen intermittentlyover the zones.

• Corrigan Lake Trend – Located southwest of, andparalleling (WNW-ESE), the Charlebois-Diane Trend, the Corrigan LakeTrend was explored by trenching and diamond drilling in the 1950s,with a historical drill indicated resource (1), which was published inthe Northern Miner (May 1956) of 2,000,000 tons grading greater than0.1% U3O8, or 4,400,000 lbs U3O8. (Saskatchewan Mineral Deposit IndexFile 1656). In addition, a 2008 VTEM report interpretation lists aseries of anomalies in the vicinity of the showing as the highestpriority targets on the grid flown. The Corrigan Lake showing isunderlain by red granite gneisses in the north in contact withmigmatites in the south. White pegmatite occurs along the contact andexhibits high radioactivity.

The Higginson Lake property is remarkably underexplored, with many targets not worked since the 1950-1960s. Thecurrent exploration program will investigate the known historicuranium showings and mineralized zones with the intention ofconfirming both grade and extent. In addition, the Company has alsoidentified several new zones on interest, which appear to be relatedto the historic zones and many could expand the overall dimensions ofthe Higginson system.

The Company acknowledges the traditional lands andrights of the Black Lake Denesuliné Nation, covering the area of theHigginson 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 mineralexploration opportunities. Our main goal is the advancement of variousprojects from discovery all the way to production. This verticallyintegrated strategy allows Trench Metals to achieve exceptionalshareholder value through the entire life-cycle of the miningprocess.

Trench Metals Corp . has the right to acquire a 100% interest in two highlyprospective uranium project in Saskatchewan’s Athabasca Uraniumdistrict.  The Higginson Lake Uranium Projectwhich covers an area of approximately 5900 hectares and is 52kilometers northeast of the town of Stony Rapids, which is accessibleby Highway 905 and 964.  The Higginson Lake Uranium Project hosts twohistoric drill indicated reserves, totaling 4,800,000 lbs of U308.(1) T he Gorilla Lake Uranium Project whichcomprises of nearly 7000 hectares in the Northern Mining District ofSaskatchewan near the Shea Creek uranium deposit.  The AthabascaDistrict is home to the highest grade of uranium deposits in the worldand accounts for 18% of global uranium production

(1) Dee Exploration Ltd. publishedin the Northern Miner a historical drill-indicated reserve of twomillion tons grading greater than 0.1 per cent U3O8, or 4.4 millionpounds of U3O8, at the Corrigan Lake showing. In addition, PalmorIndustries identified a drill-indicated reserve of 200,000 tons,averaging two pounds per ton U3O8, 550 m northwest of the CorriganLake showing, this being an additional 400,000 pounds of U3O8.  Thesehistorical mineral resource estimates used categories that do notconform to current Canadian Institute of Mining, Metallurgy andPetroleum Definition Standards on Mineral Resources and MineralReserves as outlined in National Instrument 43-101. A qualified personhas not done sufficient work to classify the historical estimate as acurrent mineral resource and as such the Company is treating them as ahistorical resource estimates. Readers are cautioned that thehistorical mineral resource estimates do not mean or imply thateconomic deposits exist on the Property.

Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for, andhas approved, the technical information contained in thisrelease.

For further information, contact the Company at info@trenchmetals.com , or visit theCompany’s website at www.trenchmetals.com .

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws.  When or if used in this newsrelease, the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule” and similar words or expressions identifyforward-looking statements or information.  These forward-lookingstatements or information may relate to the development of theHigginson Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respectto future events and are necessarily based upon a number ofassumptions and estimates that, while considered reasonable by theCompany, are inherently subject to significant business, economic,competitive, political and social risks, contingencies anduncertainties. Many factors, both known and unknown, could causeresults, performance, or achievements to be materially different fromthe results, performance or achievements that are or may be expressedor implied by such forward-looking statements. The Company does notintend, and does not assume any obligation, to update theseforward-looking statements or information to reflect changes inassumptions or changes in circumstances or any other events affectingsuch statements and information other than as required by applicablelaws, rules and regulations.

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