Tree Island Steel Announces Quarterly and Special Dividend

June 15, 2023

VANCOUVER, British Columbia, Canada – June 15, 2023 – Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) is pleased to announce that its Board of Directors has declared a regular quarterly dividend of $0.03 per share and an additional $0.02 per share as a special dividend, on the issued and outstanding Common Shares of the Company, both payable on July 14, 2023, to shareholders of record at the close of business on June 30, 2023.