Mr. James Nelson reports

CRUZ ANNOUNCES SHARE CONSOLIDATION AND NAME CHANGE

Further to the news release dated Sept. 15, 2026, Cruz Battery Metals Corp.'s consolidation of the company's issued and outstanding common shares on the basis of one new share for every 10 currently outstanding shares will be effective at the opening of the market on Oct. 14, 2026. The company also announces it will change its name to Cruz Mining Corp. in connection with the consolidation. There will be no change to the trading symbol CRUZ. Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the company, the consolidation and the name change were approved by way of resolution passed by the board of directors of the company.

Effective Oct. 14, 2026, the company's name will change to Cruz Mining Corp. following the consolidation. The new Cusip number will be 22889M101, and the new ISIN will be CA22889M1014 for the postconsolidated shares. The company currently has 193,637,719 common shares issued and outstanding, and, after the consolidation is effective, there will be approximately 19,363,772 common shares issued and outstanding.

No fractional postconsolidated shares will be issued as a result of the consolidation. As required under the Business Corporations Act (B.C.), any fractional shares remaining after the consolidation that are less than one-half of a share will be cancelled, and any fractional shares that are at least one-half of a share will be rounded up to one whole share. Registered shareholders of record as of the effective date who hold physical share certificates will receive a letter of transmittal from the company's transfer agent, Computershare Investor Services Inc., with instructions on how to exchange for new share certificates representing postconsolidated shares. Beneficial shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own names will not be required to complete a letter of transmittal.

The exercise price and number of shares of the company, issuable upon the exercise of outstanding warrants, will be proportionally adjusted upon the implementation of the consolidation in accordance with the terms thereof.

The company is pleased to announce the appointment of Nancy Chow as chief financial officer, following the resignation of Cindy Cai. The company thanks Ms. Cai for her contributions to the company.

We seek Safe Harbor.