Grid Metals Corp. (TSXV:GRDM, OTCQB:MSMGF) ("Grid" or the "Company") is pleased to announce it has executed a definitive option and joint venture agreement (the "Agreement") with Teck Resources Limited ("Teck"), a leading Canadian resource company, to explore and develop the Mawka nickel project ("Makwa" or the "Project") in southeastern Manitoba, Canada. The Makwa nickel project sits on the southern arm of the Bird River Greenstone Belt approximately 145 km from Winnipeg, the provincial capital. The focus of the Agreement will be the discovery of a Tier 1 magmatic nickel-copper-PGM-cobalt deposit at Makwa. Grid will maintain its 100% interest and exploration program at Mayville CuNi Property located 30km to the north of Makwa. The Agreement grants Teck a two-stage option to acquire up to a 70% interest in Makwa by funding cumulative expenditures of CAD$15,700,000 and making staged cash payments of CAD$1,600,000 to Grid (of which CAD$1,000,000 can be completed through a subscription of shares at Teck's election). Teck's minimum commitment under the agreement is the initial CAD$400,000 cash payment. Following completion of additional geophysical surveying, Teck would be committed to funding CAD$450,000 of minimum expenditures. The Agreement is subject to TSX-V approval.