TinOne Resources Inc. (TSXV:TORC) agreed to acquire Rattler Range tin project in northeastern Tasmania for CAD 0.1 million on August 30, 2022. Pursuant to the Definitive Agreement, TinOne will acquire a 100% undivided interest in the Rattler Range tin project in consideration for the issuance of CAD 0.1 million of common shares in the capital of the Company at 0.10, being the closing price of the Company's common shares on the TSXV on August 29, 2022. Additionally, TinOne has agreed to grant the Rattler Range vendor a 2% net smelter returns royalty over the project. TinOne will have the right, at any time upon notice being given to the NSR holder, to repurchase 1/2 of the NSR for CAD 1 million in cash. The Company also announces that it has granted 2,190,000 incentive stock options to certain Directors, Employees, Consultants and Advisors of the Company. The incentive stock options will vest over a period of two years, have an exercise price of CAD 0.10 per share, and are valid for a 5-year period from the date of grant. The options were granted pursuant to the Company's incentive stock option plan and are subject to regulatory approval. The acquisition of Rattler Range is subject to satisfaction of certain closing conditions including, among other things, the approval of the TSXV. All securities issued in connection with the Definitive Agreement are subject to a hold period expiring four months and one day from the date of issuance. It is anticipated that the acquisition will close in September, 2022.

TinOne Resources Inc. (TSXV:TORC) completed the acquisition of Rattler Range tin project in northeastern Tasmania on November 23, 2022.