Transition Metals and Nunavut Resources Corp Acquire Additional High Potential Gold and Base Metals Property in Nunavut

23 July 2014

Sudbury, July 23, 2014 – Transition Metals Corp. (XTM – TSX.V) ("Transition", "the Company"), is pleased to announce that through its strategic alliance partnership with Nunavut Resources Corporation (NRC), an additional 433 square kilometres of high potential gold and base metal exploration properties have been acquired in Nunavut. The properties along what has been termed the Izok-Grays Bay road infrastructure development corridor were acquired through the execution of a Mineral Exploration Agreement (MEA) with Nunavut Tunngavik Inc. (NTI). NTI manages the subsurface mining rights on Inuit Owned Lands (IOL) in Nunavut on behalf and for the benefit of all Inuit.