Mr. Gordon Tainton reports

AZARGA METALS MOBILIZES DRILL RIG AND ANCILLARY EQUIPMENT TO MARG PROJECT, YUKON

The drill rig and supporting equipment has been mobilized for its diamond drilling program at Azarga Metals Corp.'s high-grade, copper-rich volcanogenic massive sulphide (VMS) Marg project located in the prolific Keno Hill mining district of central Yukon Territory, Canada.

The program is anticipated to commence later this month and is designed to test multiple high-priority exploration targets identified through previous drilling, geological mapping, geophysical surveys and geochemical sampling (see news release dated June 23, 2026). Diamond drilling is expected to focus on expanding known mineralized zones with the potential to host significant copper, zinc, gold, silver and lead polymetallic mineralization.

• The initial phase of the planned program consists of over 3,000 metres of drilling across eight priority holes. Drilling will target extensions of previous mineralized intercepts, as well as prospecting several historic structural and geochemical anomalies identified during recent field programs.
• There is potential to extend the current areas defined by drilling that remain open toward the east, west and down dip.
• Within the Marg deposit there is one interpreted anticlinal fold hinge, with potential for further fold-related duplications at depth within the sequence.

Gordon Tainton, president and chief executive officer, commented: "The team has been working hard to prepare the Marg project camp over the past month and we are excited to begin this season's drill campaign, the first conducted by the company. We expect drilling to commence later this month, primarily focusing on targeting extensions of the mineralized system from Azarga's maiden NI 43-101 resource estimate in August, 2025, which estimated 4.3 Mt of indicated resource grading 2.9 per cent CuEq and 10.0 Mt of inferred resource grading 2.3 per cent CuEq."

Marg project -- overview

The Marg project is a VMS (volcanogenic massive sulphide) deposit located in the central Yukon, approximately 40 km east of Keno City. Azarga acquired a 100-per-cent interest in the 400 mineral claims and approximately 8,400 hectares comprising the property in July, 2025.

The project benefits from excellent infrastructure, including an air strip, functional base camp, nearby power corridors and proximity to established mining operations within the Keno Hill district of Yukon.

The deposit was first identified by the Geological Survey of Canada in 1965, with extensive exploration, including 119 diamond drill holes, conducted by a number of companies between 1965 and 2008. This historical work meets industry standards and is considered to be of good quality.

Qualified person

Charles J. Greig, MSC, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the exploration information disclosures contained in this news release.

About Azarga Metals Corp.

Azarga Metals is a mineral exploration and development company that owns 100 per cent of the high-grade copper-rich Marg VMS deposit located in central Yukon, Canada. On Sept. 23, 2025, the company filed a National Instrument 43-101 -- Standard of Disclosures for Mineral Projects independent technical report for a mineral resource estimate on the Marg project titled "NI 43-101 Technical Report for the Marg Property, Yukon Territory" dated Aug. 29, 2025, with an effective date of Aug. 29, 2025. The Marg report was prepared by independent consultants at IMC Mining Pty. Ltd. and TruePoint Exploration. The Marg report estimated a total of 4.3 Mt (million tonnes) of indicated resources grading 2.9 per cent CuEq (copper equivalent) and 10.0 Mt (million tonnes) of inferred resources grading 2.3 per cent CuEq at a 0.5 per cent copper equivalent cut-off.

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