Oacoma, South Dakota

Mn-REE +/- Ni, Co, Cu Project

Technology Minerals acquired a 15%working interest in the Oacoma Project, South Dakota, USA through a now expired earn-in agreement with NorthAmerican Strategic Minerals Inc. who own mineral leases over 3,083 acres inSouth Dakota, United States. This property is considered prospective for manganese and rare earth elements, as well as nickel, cobalt, copper.

The Oacom a project is dominated by manganiferous units with elevated rare earth elements and base metals. The area is quite barren due to the elevated manganese content (20 – 25% Mn) in the soils.

In February 2022, Technology Minerals announced the results from 27 rock samples collected in October 2021. The samples comprised of mudstone and gypsum-phosphate concretions from within theSharon Springs Formation, and manganiferous concretions from within the DeGrey Formation.

Two samples out of the 27 submitted samples reported total rare earth oxide ("REO") values of 0.22% and0.34%, with associated neodymium(Nd) oxide + praseodymium (Pr)oxide("NdPr")values respectively of 0.034% and 0.037% NdPr.

Seven of the 27 samples reported manganese oxide ("MnO")grade greater than 20% MnO, with the highest grading at 29.1% MnO.

Current status:Inactive – the Company terminated the earn-in agreement and has retained a 15%interest in the project.

Technology Minerals has acquired a 15% working interest in the Oacoma Project, South Dakota, USA and an option to acquire up to a further 85% working interest on the terms of an exploration agreement that are to be agreed with North American Strategic Minerals Inc. who own mineral leases over 3,083 acres in South Dakota, United States. This property is considered prospective for manganese and rare earth elements, as well as nickel, cobalt, copper.

The project is considered to be prospective for manganese, cobalt, nickel, copper, precious metals and rare earth metal. Two field visits have taken place and assays from the last visit are pending.

The Oacoma project is a multi commodity exploration project dominated by manganiferous units with elevated rare earth elements and base metals. The area is quite barren due to the elevated manganese content (20 – 25% Mn) in the soils.

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