Vancouver, B.C. - Turmalina Metals Corp. (“Turmalina”, or the “Company”), (TBX-TSXV, TBXXF-OTCQX, 3RI-FSE), is pleased to announce its 2023 exploration program is well underway and drilling has recently begun at the Company’s 403 km2 San Francisco project located in the prolific mining province of San Juan, Argentina (the “Project” or “San Francisco”).

Positive results from drilling at Chanape and surface works at San Francisco have guided the planning of the next steps of exploration at these two projects for the Company. With seven priority targets identified at San Francisco and Chanape delivering high grades from the Company’s 2022 drill program the Company is well posed to carry out an aggressive exploration program in 2023 following its recently-completed financing.

Vancouver, BC – Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Offering”) for aggregate gross proceeds of approximately $5,000,000, from the issuance of 11,111,111 units of the Company (the “Units”) at a price of $0.45 per Unit. Each Unit is comprised of one common share of the Company (a “Common Share“) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant“). Each whole Warrant is exercisable to acquire one Common Share at a price of $0.60 per Common Share for a period of 24 months from the closing of the Offering.