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TORONTO, ON, September 24, 2026 – TheNewswire - Metalite Resources Inc. ( CSE: METL ) ( OTC: JNCCF ) ( FSE: D680 ) (" Metalite " or the " Company ") announces that its board of directors has approved the grant of an aggregate of 1,630,000 stock options (the “ Options ”) to certain directors, officers and consultants of the Company pursuant to the Company’s stock option plan.

Stock Option Grant

The Options are exercisable at a price of $0.25 per common share for a period of five years, expiring on September 24, 2031. Of the Options granted, an aggregate of 1,200,000 Options were granted to directors and officers of the Company. Of these, 1,050,000 Options vest immediately, with the remaining 150,000 Options vesting in equal tranches of 50,000 Options every six months over an 18-month period.

An aggregate of 430,000 Options were granted to consultants of the Company. Of these, 390,000 Options vest immediately, with the remaining 40,000 Options vesting six months from the date of grant.

The Options and any common shares issued upon exercise thereof are subject to the terms of the Company’s stock option plan and applicable requirements of the Canadian Securities Exchange (the “ CSE ”).

Additional Corporate Disclosure

Further to the Company’s news release dated August 19, 2026 regarding the engagement of Natrinova Capital Inc. (" Natrinova "), the Company is providing the following additional information in accordance with CSE Policy 7.

Natrinova was engaged to provide investor relations services from August 3 to October 9, 2026. The services are conducted by Natalya Natrinova on behalf of Natrinova through direct investor outreach, virtual meetings and in-person meetings and presentations, including roadshows in Vancouver and Calgary. Natrinova's business address is Suite 1103, 1122 Gilford Street, Vancouver, BC V6G 2P5 and Natalya Natrinova may be contacted at natalya.tatarinova@gmail.com or (416) 315-2347.

Natrinova has received C$15,000 plus GST and no securities, options or other equity compensation. Natrinova is an independent contractor and, prior to the engagement, had no other relationship with the Company or its management.

About Metalite Resources Inc.

Metalite Resources Inc. is a Canadian mineral exploration company focused on the acquisition, exploration and advancement of precious metals projects. The Company owns a 100% interest in the Arthurs Seat Silver-Antimony Project in New South Wales, Australia and a 100% interest in the Launay Gold Property, a district-scale gold project located in Québec's Abitibi Greenstone Belt. The Company's strategy is to create long-term shareholder value through the systematic exploration and advancement of high-potential mineral properties.

Contact Information

Metalite Resources Inc.

Chris Hazelton, CEO

(647) 660-8718

info@metaliteresources.com

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information in this news release includes statements regarding the future vesting and exercise of stock options granted by the Company and the continued provision and timing of investor relations services.

Forward-looking information is based on management’s current expectations, estimates and assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied. Such factors include, among others, changes in the Company’s business, operations, personnel or service arrangements, market conditions, regulatory requirements and other risks generally associated with mineral exploration companies. Additional risk factors are disclosed in the Company’s public filings available under its profile on SEDAR+.

Although the Company believes that the expectations reflected in such forward-looking information are reasonable, there can be no assurance that they will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information except as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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