Mr. Bonn Smith reports

ATLANTICO ANNOUNCES MARKETING PROGRAM UPDATE, DIRECTOR RESIGNATION, AND STOCK OPTION GRANT

Atlantico Energy Metals Corp. has provided a corporate update comprising the suspension of its previously announced digital marketing campaign, the resignation of Douglas L. Mason from the board of directors and the grant of incentive stock options.

Marketing program update

The company announces that the digital marketing campaign contemplated under its agreement with Machai Capital Inc. dated June 19, 2026, and previously disclosed in the company's news release dated June 26, 2026, has been suspended. Subject to Canadian Securities Exchange approval and completion of any required amendment or extension to the agreement, the company currently expects activity under the engagement to resume on Sept. 18, 2026.

Board and audit committee update

The company announces that Mr. Mason has resigned from the board of directors and as a member of the audit committee, effective July 28, 2026. The board thanks Mr. Mason for his service and contributions to the company, and wishes him well in his future endeavours.

The board has appointed Sead Hamzagic, a director and the company's chief financial officer and corporate secretary, to serve on the audit committee on an interim basis. The company intends to appoint an independent director to the audit committee within the period prescribed by applicable securities laws.

Stock option grant

The company has granted an aggregate of 5,125,000 incentive stock options to certain directors, officers and consultants of the company pursuant to its rolling 10-per-cent stock option plan, effective July 30, 2026. Each option is exercisable to acquire one common share of the company at an exercise price of 10 cents per share for a term of two years, expiring July 30, 2028. The options vest immediately on the grant date, and are subject to CSE approval, the terms of the plan and applicable CSE policies.

About Atlantico Energy Metals Corp.

Atlantico is a Canadian mineral exploration company built around a simple belief: A cleaner energy future needs critical minerals. The company's flagship project is the Novo Cruzeiro lithium and rare earth element project, located in northeastern Minas Gerais, Brazil, within the region known as Brazil's Lithium Valley. Atlantico is advancing Novo Cruzeiro through disciplined technical work, transparent disclosure and responsible exploration, with a focus on creating long-term value for shareholders while contributing positively to the local communities and regions where the company operates.

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