(via TheNewswire)

Toronto, Ontario – TheNewswire - February 1 2 , 2026 – Enerev5 Metals Inc. (TSX-V: ENEV) (“ Enerev5 ” or the “ Company ”) is pleased to announce the appointment of Douglas M. Flett, J.D. to the board of directors of the Company.

Mr. Flett is a lawyer and mining executive with more than two decades of board experience in the resource sector. He has served as a director of Canada Chrome Company (formerly KWG Resources Inc.) since 2006 and as a director of Silver Elephant Mining Corp. since 2023. He is a former director of Debut Diamonds Inc. and Tartisan Nickel Corp. Mr. Flett holds a law degree from the University of Windsor and previously operated his own corporate-commercial and real estate law firm. He also completed the Rotman Institute of Corporate Directors SME Program, with a focus on corporate governance and board oversight.

The addition of Mr. Flett enhances Enerev5’s board with extensive legal, governance, and mining industry experience as the Company advances its strategic growth initiatives.

Errol Farr, Chief Executive Officer of Enerev5, commented, “We are pleased to welcome Doug to the board. His appointment enhances the depth and experience of our team at a critical stage in the Company’s growth, including the Nevada lithium-in-clay acquisition, positioning Enerev5 to deliver long-term value for our shareholders.

Enerev5 also announces that it has adopted a new long term incentive plan (the “ LTIP ”) by the board of directors of the Company, subject to approval by the holders of the common shares of the Company (the “ Shareholders ”). The LTIP will be presented to the Shareholders at the Company’s meeting of Shareholders (the “ Meeting ”) to be held on March 23, 2026 at the offices of Peterson McVicar LLP located at 1601-110 Yonge Stret, Toronto ON M5C 1T4. If approved by the Shareholders at the Meeting, the LTIP will supersede and replace the stock option plan most recently approved by the Shareholders at the meeting of Shareholders held on September 25, 2023 (the “ 2023 SOP ”). The LTIP provides for the issuance of stock options, deferred share units and restricted share units on a “rolling” basis whereby up to a maximum of 10% of the issued and outstanding Common Shares of the Corporation may reserved for grants.

About Enerev5 Metals Inc.

Enerev5 Metals Inc. (TSX-V: ENEV) is a Canadian exploration company focused on the identification and development of critical battery metals projects in stable, mining-friendly jurisdictions. The Company’s strategy is to build a portfolio of early-stage assets that have the potential to supply ethically-sourced metals essential to the global transition to clean energy. Enerev5 is currently advancing lithium and other critical metal exploration in northeastern Nevada and continues to evaluate additional opportunities in high-potential jurisdictions to support its long-term growth objectives.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Enerev5 Metals Inc.

Errol Farr, President and CEO

Email: efarr001@icloud.com

Tel: 647-296-1270

Forward-Looking Statements

This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “forecasts”, “budget”, “schedule”, “potential”, “possible” or variations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the appointment as Doug Flett as a director; the adoption of the new long term incentive plan;, the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others: general economic conditions in Canada and globally; industry conditions; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in the mining industry; changes in tax laws and incentive programs relating to the mining industry. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. There may be other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein.

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