Mr. Trumbull Fisher reports

ANTEROS METALS PROVIDES PHASE 1 DRILLING UPDATE AT SEAGULL CRITICAL MINERALS PROJECT, ONTARIO

Anteros Metals Inc. has provided an update on the phase 1 drilling at the Seagull critical mineral project located approximately 80 kilometres northeast of Thunder Bay, Ont. Drilling is being carried out by Rift Minerals Inc. as operator, pursuant to the option agreement announced on Oct. 9, 2025, under which Anteros may earn an up-to-49-per-cent interest in the project.

Drill hole RM26-01 reached a depth of approximately 1,230 metres before drilling operations were discontinued on Feb. 2, 2026, due to downhole conditions that prevented further advancement. Following technical assessment by the project operator, the decision was made to abandon the hole.

As previously reported on Jan. 21, 2026, RM26-01 intersected localized zones of orthomagmatic sulphide mineralization within the basal cumulate sequence between an approximately 588.5-metre-and-607.5-metre depth, above the Archean basement contact. These mineralized intervals have been logged and selected for sampling, and will be submitted for platinum, palladium, nickel and copper analysis. Analytical results will be reported when available.

As previously reported on Jan. 23, 2026, a pressurized gas occurrence was encountered at an approximately 877-metre depth within a narrow fault zone characterized by bleached rock and clay gouge in otherwise competent metasedimentary rocks, approximately 100 metres from gas occurrences reported in historical drill hole WM01-08. The nature, composition, volume and significance of the gas have not yet been determined.

Due to the abandonment of the hole and the resulting loss of access to the gas-bearing interval, no further gas sampling or monitoring is planned from RM26-01. Evaluation of the gas occurrence will therefore be limited to observations and data collected prior to abandonment. Selected fault gouge material associated with the gas occurrence has been retained for potential laboratory analysis subject to suitability of the material.

"While drilling in RM26-01 was discontinued earlier than planned due to downhole conditions, the program successfully achieved its primary geological objectives and delivered valuable new insight into the Seagull critical minerals system," said Trumbull Fisher, chief executive officer of Anteros Metals. "The hole confirmed sulphide mineralization within the basal cumulate sequence, and provided important geological and structural information consistent with our exploration model. In addition, the identification of a localized gas occurrence adds a useful data point to our evolving geological understanding. These results will help guide future exploration planning at Seagull."

The company will provide further updates as analytical results become available, which will inform continuing evaluation of next steps for the Seagull critical mineral project.

About the Seagull project

The project is located approximately 80 kilometres northeast of Thunder Bay, Ont., and covers the interpreted mafic-ultramafic Seagull intrusion within the Nipigon basin. Historical exploration between 1998 and 2012 included airborne geophysical surveys and approximately 20,000 metres of diamond drilling, which reported disseminated to semi-massive sulphide mineralization containing nickel, copper and platinum group elements along parts of the intrusion's basal contact. These results are historical in nature and have not been independently verified by Anteros.

In 2024, Rift completed an ambient noise tomography survey to refine the internal geometry of the Seagull intrusion and to identify subsurface velocity contrasts interpreted to reflect lithological and alteration variations. These interpretations remain unverified by Anteros.

Qualified person

The scientific and technical information in this news release relating to the Seagull project was prepared by Rift Minerals and has been reviewed and approved by Dr. Geoff Heggie, PGeo (Ontario), a qualified person under National Instrument 43-101. This information has not been independently verified by Anteros Metals and is provided for geological context only.

About Anteros Metals Inc.

Anteros is a Canadian mineral exploration company focused on advancing a pipeline of projects across Newfoundland and Labrador and select Canadian jurisdictions. The company applies a technically driven, data-supported exploration approach targeting critical minerals and emerging strategic commodities relevant to the global energy transition.

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