Mr. Sebastian Wahl reports

A-LABS CAPITAL II CORP. ANNOUNCES CHANGES TO BOARD AND MANAGEMENT

Noah Herscovici has resigned as chief financial officer and from the board of directors of A-Labs Capital II Corp. Michael Mire and Doron Cohen have also provided notice of their resignation as directors of the company. Mr. Cohen has also submitted his resignation as chief executive officer. The company would like to thank each of Mr. Herscovici, Mr. Mire and Mr. Cohen for their years of service.

Sebastian Wahl, Alexandre P. Boivin and Simon Tso have each been appointed to fill the vacancies on the company's board of directors. Konstantin Lichtenwald, a current director of the company, will remain on the board of directors. Mr. Wahl has also been appointed as chief executive officer upon Mr. Cohen's resignation, and Mr. Tso has been appointed as CFO in place of Mr. Herscovici.

Mr. Wahl is a seasoned mining executive with over 1-1/2 decades of experience in the resource sector, specializing in deal structuring, project financing, business and corporate development, and investor relations. Having lived in Peru for 12 years, he has developed deep expertise in the Latin American mining landscape, and executed deals with major companies such as Pan American Silver and Buenaventura, as well as completed acquisitions of smaller, privately held assets. As the founder of MMTP, he played a key role in the acquisition and transformation of the Recuperada mine into Silver X Mining Corp., where he served as a director until 2024. His extensive network spans institutional and retail investors across North America and Europe, particularly within the German-speaking investment community. With a strong understanding of the Toronto Stock Exchange regulatory environment, capital markets and the operational realities of mining, he is well positioned to bridge the gap between hands-on asset management and strategic financial growth. Proficient in several languages, he brings a global perspective to mining investment and development. He studied business administration in Zurich and holds the FMVA certificate from the CFI.

Mr. Boivin served as a chief executive officer and on the board of directors for multiple private and public companies in the mining industry. Mr. Boivin advises on matters relating to corporate finance, capital markets and business development. From 2020 to present, Mr. Boivin has served as a director and chief executive officer of Quimbaya Gold Inc., a Canadian mining exploration company with projects in Colombia. Mr. Boivin has a bachelor's degree in business administration, regularly travels to Colombia, has many business contacts in the area and is fluent in Spanish, in addition to French and English.

Mr. Tso is the principal of Athena Chartered Professional Accountant Ltd., a full-cycle accounting firm that assists both private and public companies with their financial reporting, regulatory filing and taxation requirements, commonly as their controller or chief financial officer. Mr. Tso is also a co-founder of Zeus Capital Ltd., a boutique corporate finance firm that specializes in providing financial advisory, valuation and consulting services. Prior to his current roles, Mr. Tso spent a number of years as an associate at a local corporate finance firm and as a senior accountant at a firm of chartered accountants. Mr. Tso graduated with a bachelor of commerce (finance) degree with honours from the UBC Sauder School of Business, and is both a CFA charterholder and a chartered professional accountant. Mr. Tso is currently a director of Rush Gold Corp. and P2P Group Ltd.

Disinterested shareholder approval

The change of management constitutes a change of management under the policies of the TSX Venture Exchange. Pursuant to exchange Policy 2.4 (Capital Pool Companies), the addition of any new director or officer to a capital pool company requires exchange approval, and, where the changes constitute a change of management, approval by the disinterested shareholders of the company is also required. The company will be seeking disinterested shareholder approval at its next annual meeting of shareholders.

Escrow share transfers

In conjunction with the change of management, it is proposed that an aggregate of one million escrowed shares currently held by Mr. Doron will be transferred to Mr. Wahl. The proposed transfer of escrow shares is subject to approval by the exchange.