Mr. Mark Ferguson reports

DUNBAR METALS PLANS EXPLORATION PROGRAM AT GORILLA LAKE URANIUM PROJECT AND ARRANGES SETTLEMENT OF CONVERTIBLE DEBENTURE

Dunbar Metals Corp. has entered its partnership with Grander Exploration to advance exploration efforts at the company's Gorilla Lake uranium project in the Athabasca region of Saskatchewan. Grander Exploration, with its extensive expertise in the Athabasca basin, will play a pivotal role in shaping Dunbar's exploration strategy for 2025.

Dunbar has commissioned Grander Exploration to complete a comprehensive investigation of data sets from historic airborne surveys, ground geophysics, prospecting and diamond drilling. The Carswell anomaly, wherein the Gorilla Lake uranium project lies, has been the subject of significant exploration activity since the early 1950s. The Cluff Lake mine, which also lies within the Carswell anomaly, produced over 62 million pounds of uranium concentrate during its operation from 1979 to 2002. The operation consisted of two underground mines, four open-pit mines, a tailings management facility, a mill and other support facilities. The purpose of the contemplated investigation will be to guide future exploration activities to unlock the potential of the Gorilla Lake uranium project.

Mark Ferguson, president of Dunbar, expressed enthusiasm about the collaboration, stating: "We are excited to work alongside Grander Exploration as we embark on our 2025 exploration plans at Gorilla Lake. Their extensive experience in the Athabasca basin brings invaluable insights that will drive our efforts forward."

Uranium plays a crucial role in the global energy transition, contributing significantly to the greenification of the energy grid.

Mr. Ferguson emphasized, "Uranium is a key component in the sustainable energy landscape, supporting the shift towards cleaner and more efficient energy solutions worldwide."

Dunbar is committed to conducting its operations with a strong emphasis on environmental stewardship. The company intends to adhere to rigorous environmental standards, ensuring all exploration activities at Gorilla Lake are conducted responsibly and in harmony with local ecosystems.

Convertible debenture settlement

The company also announces that it has reached an agreement with Bramwell Investments Corp. to settle an outstanding convertible debenture held by Bramwell in the principal amount of $250,000. The debenture was previously issued to Bramwell, along with 2.5 million common share purchase warrants, in connection with a private placement undertaken by the company. In consideration for a one-time payment of $250,000, Bramwell has agreed to the cancellation of the debenture, the forgiveness of all interest accrued thereunder and the cancellation of the warrants. Settlement of the debenture and cancellation of the warrants will allow the company to reduce interest expense and potential shareholder dilution.

Qualified person

Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101 and a director of the company, and is responsible for and has approved the technical information contained in this release.

About Dunbar Metals Corp.

Dunbar is a resource exploration company focused on unlocking the potential of the Gorilla Lake uranium project, located in the heart of Saskatchewan's prolific Athabasca basin. Its mission is to explore and develop high-potential mineral properties, leveraging the latest in exploration technology, to discover and advance world-class projects. At Dunbar, it is committed to responsible exploration, sustainable development and maximizing shareholder value.

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