Mr. Mike Garbutt reports

CLEAN AIR METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Clean Air Metals Inc. has arranged a non-brokered private placement of up to 2.5 million flow-through common shares at a price of six cents per FT share, to raise aggregate gross proceeds of up to $150,000. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Proceeds from the offering shall be used to advance development and exploration activities at the company's Thunder Bay North critical mineral project and other Canadian exploration expenses that qualify as flow-through mining expenditures (as such terms are defined in the tax act).

The offering is expected to close on or about Oct. 9, 2026, and is subject to approval by the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a four-month-plus-a-day hold period from the date of issuance in accordance with applicable securities legislation and policies of the TSX-V.

Clean Air Metals chief executive officer Mike Garbutt commented, "This financing will allow the company to secure appropriate contracted resources to advance exploration activities at Thunder Bay North in the new year as we work towards a successful closing of the proposed transaction with Fiore-backed Springbok Ventures."

About Clean Air Metals Inc.

Clean Air Metals is a development and exploration company advancing its flagship 100-per-cent-owned Thunder Bay North critical mineral project, 40 kilometres northeast of Thunder Bay, Ont., Canada. The TBN project, accessible by road and next to established infrastructure, hosts two deposits: the Current and Escape deposits, only 2.5 kilometres apart. Together, the deposits host a 14.9-million-tonne indicated mineral resource grading 2.66 grams per tonne (platinum plus palladium), 0.40 per cent copper and 0.24 per cent nickel (National Instrument 43-101 preliminary economic assessment technical report, Thunder Bay North project, Ontario, Canada, SLR Consulting Canada Ltd., Nov. 21, 2025) with significant potential for expansion down plunge.

One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction, and benefits from long-standing relationships with local first nations. The TBN project has the potential to develop into a secure source of rare platinum metals, as well as other critical metals such as copper, nickel and cobalt, for the North American manufacturing sector. With its proven technical team, Clean Air Metals is committed to advancing the TBN project and creating long-term value for shareholders.

Social engagement

Clean Air Metals acknowledges that the Thunder Bay North critical mineral project is located within the area encompassed by the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwaabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek.

The company appreciates the opportunity to work in these territories, and remains committed to the recognition and respect of those who have lived, travelled and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding indigenous heritage and to building, fostering and encouraging a respectful relationship with first nations, Metis and Inuit peoples, based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.

We seek Safe Harbor.