Mr. Chris Morrison reports

ANTEROS METALS REPORTS GAS OCCURRENCE IN DRILL HOLE WM08-27EXT AT SEAGULL PROPERTY

Anteros Metals Inc. has provided an operational update on its continuing phase 2 drill program at the Seagull property in Northwestern Ontario.

Drill hole WM08-27EXT encountered a gas occurrence at approximately 825 metres during overnight drilling operations. In response, drilling personnel immediately closed the blowout preventer (BOP) and the on-site gas monitoring crew collected two gas samples using foil Tedlar bags prior to pressure dissipation. The samples have been delivered to AGAT Laboratories Ltd. for overnight courier to Calgary, Alta., for rush analysis.

The drill hole is currently at a depth of approximately 836 metres and continues to advance within Archean Quetico metasedimentary rocks with minor granite intrusions. As previously reported, WM08-27EXT passed through the basal contact of the Seagull intrusion at 692.8 metres and is continuing toward the interpreted structural horizon associated with the previously reported gas occurrence in RM26-01 at approximately 877 metres. The company intends to continue drilling beyond this horizon toward the deeper acoustic low-velocity anomaly, with a planned hole depth of approximately 1,450 metres.

The company cautions that gas observations made during drilling are preliminary in nature and that analytical results remain pending. There can be no assurance regarding the composition, concentration, commercial significance or continuity of any gases encountered. Anteros will provide additional updates as analytical results become available and drilling progresses.

Qualified person

The scientific and technical information in this release relating to the Seagull project has been reviewed and approved by Dr. Geoff Heggie, PGeo (Ontario), a qualified person under National Instrument 43-101, independent of Anteros Metals and Rift Minerals Inc.

About Anteros Metals Inc.

Anteros Metals is a Canadian mineral exploration company focused on advancing projects in Newfoundland and Labrador, and select Canadian jurisdictions, targeting critical minerals relevant to the energy transition.

About Rift Minerals Inc.

Rift Minerals is a private Ontario-based corporation operating the Seagull project.

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