12:50:00 EDT Thu 21 May 2026
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Adelayde Exploration Inc
Symbol ADDY
Shares Issued 72,771,936
Close 2026-05-20 C$ 0.085
Market Cap C$ 6,185,615
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Adelayde completes survey at Sisson North, George Lake

2026-05-21 11:34 ET - News Release

Mr. James Nelson reports

ADELAYDE EXPLORATION COMPLETES WORK PROGRAMS ON THE SISSON NORTH TUNGSTEN PROJECT AND THE GEORGE LAKE SOUTH TUNGSTEN ANTIMONY PROJECT IN NEW BRUNSWICK

Adelayde Exploration Inc. has completed two work programs encompassing a helicopter aeromagnetic/radiometric/VLF (very-low-frequency) survey on the company's Sisson North tungsten project and the George Lake South antimony-tungsten project, both located in New Brunswick.

James Nelson, president of Adelayde, stated: "We are pleased to be actively advancing work programs across both our Sisson North tungsten project and our George Lake South tungsten-antimony project as we continue to strengthen our exposure to strategically important critical minerals. Evidenced by strengthening tungsten prices, antimony and tungsten have become increasingly important as governments and industries focus on securing reliable domestic supply chains and reducing dependence on foreign sources. With global supply remaining highly concentrated and demand continuing to expand across defence, energy and advanced technology sectors, we believe these critical materials are positioned to play an increasingly important role in economic and national security. Our geological team is currently under way with reviewing and interpreting the data provided by these two exploration programs. Additionally, we look forward to commencing a gold drill program shortly. Supported by a strong treasury, we remain well financed to aggressively advance our portfolio and generate multiple catalysts across several projects in the months ahead."

The Sisson North tungsten project directly borders the Sisson tungsten mine in New Brunswick. On Nov. 13, the Sisson tungsten mine was selected by the Prime Minister of Canada, Mark Carney, as one of the first nation-building projects. Additionally, on Aug. 7, 2025, Northcliff Resources Ltd. announced it secured approximately $29-million in combined funding from the U.S. Department of Defense and the Canadian government to advance its project. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative of the presence of mineralization on the company's properties.

Antimony is an essential component in semiconductors and battery storage technology and has several military applications. As trade tensions escalate between China and the United States, where access to raw material units is already tight, restrictions on critical mineral exports from China clearly emphasize the urgent need for Western nations to secure reliable long-term sources of these critical minerals, which are now at the forefront of the global supply chain crisis.

Qualified person for mining disclosure

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Adelayde Exploration Inc.

Adelayde's projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 320 million tonnes at 803 parts per million lithium for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) and 157 million tonnes at 865 parts per million lithium for 723,000 inferred tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The company also holds the 248-acre Clayton Ridge gold project in Esmeralda county, Nevada, and the 4,722-acre George Lake South antimony project and the 9,780-acre Sisson North tungsten project, both located in New Brunswick.

The company has granted a total of 1.8 million stock options to its directors, officers and consultants at an exercise price of 10 cents per share for a period of 12 months. The company also granted a total of 2.38 million restricted share units to its directors, officers and consultants. The RSUs will vest on Sept. 22, 2026. The options and the RSUs have been granted in accordance with the company's amended and restated omnibus equity incentive plan and the policies of the Canadian Securities Exchange.

We seek Safe Harbor.

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