Mr. Jonathon Deluce reports

ABITIBI FILES FINAL SHORT FORM PROSPECTUS IN CONNECTION WITH A BOUGHT DEAL PUBLIC OFFERING OF COMMON SHARES AND FLOW-THROUGH SHARES

Abitibi Metals Corp., in connection with its previously announced bought deal offering led by BMO Capital Markets, as sole bookrunner and lead underwriter, together with Haywood Securities Inc., as co-lead manager, ATB Securities Inc., Desjardins Securities Inc., Paradigm Capital Inc. and Stifel Nicolaus Canada Inc., has filed a final short form prospectus in each of the provinces of Canada to qualify the distribution of: (i) 11.43 million common shares of the company at a price of 35 cents per offered common share for gross proceeds of $4,000,500; and (ii) 17.55 million common shares of the company issued as flow-through shares at a price of 57 cents per flow-through share for gross proceeds of $10,003,500, for total gross proceeds to the company of $14,004,000.

Closing of the offering is expected to take place on or about Dec. 16, 2025, or such other date as may be agreed upon by the company and the lead underwriter, but in any event not later than 42 days following the date hereof. Closing of the offering is subject to customary closing conditions, including the receipt of all applicable regulatory approvals.

The company has granted the underwriters an overallotment option, exercisable in whole or in part, at the sole discretion of the lead underwriter, on behalf of the underwriters, for a period of 30 days from and including the closing date, to purchase up to 4,347,000 additional offered common shares and/or additional flow-through shares at their respective offering prices, provided that the maximum number of additional offered securities issued pursuant to the overallotment option does not exceed 15 per cent of the aggregate number of offered securities sold under the base offering, solely to cover overallotments, if any, and for market stabilization purposes.

The company understands that purchasers of flow-through shares under the offering intend to: (i) donate some or all of such flow-through shares to registered charities, who may sell such flow-through shares to purchasers arranged by the underwriters; and/or (ii) sell some or all of such flow-through shares to purchasers arranged by the underwriters, in each case on the closing date or the closing date for the overallotment option, as applicable, and at a price of 35 cents per share (such flow-through shares described in (i) and (ii), collectively, the redistributed shares). The flow-through shares will only qualify as flow-through shares for purposes of the Income Tax Act (Canada) and the Taxation Act (Quebec) for the original subscriber, and will not qualify as flow-through shares for a registered charity or subsequent purchaser of the redistributed shares, and consequently the company will only renounce Canadian exploration expenses (as defined in the Income Tax Act (Canada) and the Taxation Act (Quebec)) to the original subscriber of the flow-through shares. The final prospectus qualifies the distribution of the flow-through shares, as well as the subsequent distribution of the redistributed shares, on the closing date or the closing date for the overallotment option, as applicable.

Delivery of the final prospectus and any amendment will be satisfied in accordance with the access equals delivery provisions of applicable securities legislation. The final prospectus is accessible on SEDAR+ under the company's issuer profile.

An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from BMO Nesbitt Burns Inc., by mail at Brampton Distribution Centre, care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by telephone at 905-791-3151 (extension 4312) or by e-mail at torbramwarehouse@datagroup.ca, by providing BMO Nesbitt Burns with a-n email or address, as applicable. The final prospectus contains important, detailed information about the company and the offering. Prospective investors should read the final prospectus before making an investment decision.

About Abitibi Metals Corp.

Abitibi Metals is dedicated to acquiring and exploring mineral properties within Quebec, with a particular emphasis on high-quality base and precious metal assets that offer significant potential for growth and expansion.

We seek Safe Harbor.