Mr. Paul Wood reports

BTU METALS INITIATES GEOPHYSICAL PROGRAM AT ITS DIXIE EAST PROPERTY IN RED LAKE IN PREPARATION FOR DRILLING; DRILLING PLANNED FOR THREE ONTARIO GOLD PROJECTS IN 2026

BTU Metals Corp. is commencing grid construction and a geophysical program to identify specific drill target locations on its recently acquired Dixie East project located on the geological trend with and five kilometres east of the Kinross (Great Bear) BTU Metals Dixie Halo project (being explored under an agreement with Kinross).

The Dixie East project, a large and strategically located land package east of Kinross Gold's world-class Great Bear gold deposit, covers nearly 10 kilometres of generally east-trending geology that the company interprets, also covers a series of generally east-trending structural corridors one or more of which may be related to the easterly extension of the deep-seated structures in the area that include the LP fault structure that controls or hosts a significant amount of the extensive Great Bear gold deposit. Despite the favourable location of the property, the area remains virtually unexplored for LP fault-style gold mineralization. Notably, no drilling has been conducted on the property for more than 25 years and the small amount of historical drilling was limited to primarily base-metal exploration targets near the eastern margin of the property.

Dixie East exhibits compelling geological features similar to those found proximal to the LP fault area -- including felsic tuffs, sericite schists, quartz-feldspar porphyry units, shearing, quartz veining and sulphide mineralization with reported zinc and copper values, all features that closely resemble features associated with mineralization at the Great Bear gold deposit. Kinross's most recent public disclosures indicate that the LP fault, the primary control on mineralization at Great Bear, extends easterly to the current eastern boundary of the Great Bear project and the company interprets it is possible that the LP fault and/or other structures continue through the Dixie East claims.

In addition to its interest in the Kinross option agreement on the Dixies Halo property and the Dixie East project, the company holds royalties on nearby properties located approximately 4.5 km west of Dixie East, further enhancing its strategic exposure in the district. With initial exploration programs being planned, the company expects to provide regular updates as it advances a comprehensive geological model for this highly prospective and significantly underexplored gold asset.

Paul Wood, chief executive officer of BTU Metals, commented: "We are pleased to begin advancing the 2026 exploration program at Dixie East, outlined on Jan. 14, 2026. The initiation of geophysical work at Dixie East marks a key milestone toward refining and prioritizing drill targets on one of the company's most prospective assets. Dixie East is one of three BTU properties where drilling is planned for 2026, highlighting the company's strong operational momentum and continued focus on disciplined value creation."

The geological team expects to select drill targets on its Hubcap Property in Wawa, Ont., immediately south of Red Pine (RPX: TSX-V) this quarter with a view to selecting initial targets and contracting for a drill program for early spring of this year.

The company is fully financed for the work programs, including drilling on both Dixie East and Hubcap. In addition, Kinross Gold (K: TSX) has indicated to the company that it will be recommencing drilling on the Dixie Halo property (see the Jan. 14, 2026, press release)

"With Kinross electing to continue advancing exploration our Dixie Halo project with further drilling and with BTU preparing to drill at both Dixie East and Hubcap, 2026 is shaping up to potentially be a pivotal year for the company and our shareholders," commented Paul Wood, chief executive officer of BTU Metals.

Qualified person

Bruce Durham, PGeo, vice-president exploration of the company, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this press release.

About BTU Metals Corp.

BTU Metals is a junior mining exploration company. BTU's primary assets are the Dixie Halo project located in Red Lake, Ont. (optioned to Kinross) immediately adjacent to the Kinross Great Bear project, the Dixie East project, and its gold and critical minerals properties in the active Wawa gold district.

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