Mr. Gordon Tainton reports

AZARGA METALS RETAINS MARKET MAKING SERVICES

Azarga Metals Corp. has, subject to TSX Venture Exchange approval, retained Red Cloud Securities Inc. to provide market-making services and to provide assistance in maintaining an orderly trading market for the common shares of the company, with effect from May 1, 2025.

The market-making service will be undertaken by Red Cloud, a registered broker in compliance with the applicable policies of the TSX-V and other applicable laws. For its services, Azarga Metals has agreed to pay Red Cloud $5,000 per month for a six-month term, after which the service will automatically renew on a month-to-month basis. Azarga Metals and Red Cloud act at arm's length, and Red Cloud has no present interest, directly or indirectly, in Azarga Metals or its securities. There are no performance factors contained in the agreement between Red Cloud and the company, and Red Cloud will not receive any shares or options from the company as compensation for services it will render.