Mr. Chris Morrison reports

ANTEROS METALS INC. ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT

Further to Anteros Metals Inc.'s press releases dated Oct. 7, 2025, and Oct. 31, 2025, it has closed the final tranche of its non-brokered private placement through the issuance of 2,196,153 flow-through units at a price of 6.5 cents per FT unit and 1.3 million hard dollar units at a price of five cents per unit, for aggregate gross proceeds of $207,749.95.

Each FT unit comprised one common share, issued on a flow-through basis (FT share) and one-half of one whole common share purchase warrant, issued on a non-flow-through basis. Each warrant shall entitle the holder thereof to acquire one common share in the capital of the company at a price of 10 cents per common share for a period of two years from date of issuance. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government's Critical Mineral Exploration Tax Credit. Each unit comprised one common share and one-half of one whole warrant.

Gross proceeds raised from the offering will be used for working capital and general corporate purposes. All securities issued pursuant to the offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

In connection with the first and second tranches, the company: (i) paid aggregate cash commissions of $16,042.50; and (ii) issued an aggregate of 228,308 finders' warrants to certain finders. Each finder's warrant is exercisable to purchase one additional common share at a price of 10 cents per finder's share for a period of two years from the date of issuance.

About Anteros Metals Inc.

Anteros Metals is a Canadian exploration company focused on advancing a pipeline of critical minerals projects across Newfoundland and Labrador, and select Canadian jurisdictions. The company is targeting copper, nickel, zinc and emerging strategic commodities that support the global energy transition. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn (iron-manganese) mineral resource estimate into current status as well as commencing baseline environmental and feasibility studies.

We seek Safe Harbor.