Mr. Garrett Ainsworth reports

DISTRICT REPORTS VOTING RESULTS FROM ITS ANNUAL GENERAL MEETING OF SHAREHOLDERS

District Metals Corp. held its annual general meeting of shareholders on Dec. 10, 2025, in Vancouver, B.C., and all resolutions were passed.

Shareholders voted as follows on the matters before the meeting.

Election of directors

Shareholders elected the following four board members to serve on the company's board of directors until the next annual meeting of shareholders or until their successors are elected or appointed.

Appointment of auditor

Shareholders appointed Davidson & Co. LLP, chartered professional accountants, as auditor of the company for the coming year and authorized the directors of the company to fix the remuneration of the auditor, with 99.772 per cent of shares represented at the meeting voting in favour.

Approval of stock option plan

The company's incentive stock option plan was approved by shareholders with 99.537 per cent of shares represented at the meeting voting in favour.

For further information regarding the matters considered at the meeting, readers are encouraged to review the circular, a copy of which is available under the profile for the company on SEDAR+ and available on the company's website.

About District Metals Corp.

District Metals is led by industry professionals with a record of success in the mining industry. The company's mandate is to seek out, explore and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders. District is a 2025 TSX Venture 50 company, ranking among the top-performing issuers on the TSX Venture Exchange in the past year.

District is a uranium polymetallic exploration and development company focused on its flagship Viken property in Sweden. The Viken property covers 100 per cent of the Viken energy metals deposit, which contains the largest undeveloped mineral resource estimate of uranium in the world, along with significant mineral resource estimates of vanadium, molybdenum, nickel, copper, zinc, and other important and critical raw materials.

For further information on the Viken property, please see the technical report entitled "NI 43-101 Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project, Jamtland County, Sweden," dated effective April 25, 2025, which is available on SEDAR+.

Technical information

All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, PGeo, president and chief executive officer of the company. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Mr. Ainsworth has not verified any of the information regarding any of the properties or projects referred to herein other than the Viken mineral licences. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the Viken mineral licences.

We seek Safe Harbor.