Mr. Matthew Markin reports

EAGLEONE METALS CORP. ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE SURUPAMPA METALS CORP.

Further to Eagleone Metals Corp.'s previous news releases dated Dec. 8, 2025, and Feb. 9, 2026, the company has entered into a share exchange agreement with Surupampa Metals Corp., a private British Columbia company, and each of the shareholders of Surupampa (the vendors). Pursuant to the share exchange agreement, the company will acquire all of the issued and outstanding shares of Surupampa and Surupampa will become a wholly owned subsidiary of the company.

About Surupampa

Surupampa is a private British Columbia mining issuer whose principal asset is its interest in an option agreement to acquire a 100-per-cent interest in the Surupampa I mining concession located in Peru.

The property is strategically located in a major mineral belt in northern Peru, near world-class deposits and is prospective for a gold-silver-copper base metal mineralization associated with a swarm of subparallel quartz veins striking approximately east-west. The principal structures at the property are the Giuliana and Anita veins, that are quartz-dominant with minor carbonate.

The property is a compelling target for follow-up exploration based on its potential for high-grade mineralization and the property's geological setting. The vein is hosted within a major east-west fault structure, suggesting potential for structural continuity at depth and along strike.

The next stage of exploration will focus on confirming the depth and strike extent of the Giuliana vein system to define a drill target through detailed infill geological mapping and sampling, geological surveying to define vein extensions and feeder zones and the establishment of a drill program to test mineralization at depth.

The company will provide additional property details in a subsequent news release.

Pursuant to the terms of the Option agreement, as amended pursuant to an addendum dated Jan. 28, 2026, Eagleone, through Surupampa, will acquire a 100-per-cent interest in the property upon:

• Issuance of 350,000 common shares in the capital of Surupampa upon execution of the option agreement (complete);
• Cash payment of $50,000 (U.S.) on or before Feb. 28, 2026;
• Cash payment of $50,000 (U.S.) on or before March 28, 2026;
• Issuance of shares in the capital of Eagleone with an equivalent value of $100,000 (U.S.) on or before Feb. 28, 2026;
• Issuance of Eagleone shares with an equivalent value of $150,000 (U.S.) on or before May 28, 2026;
• Cash payment of $150,000 (U.S.) on or before Oct. 13, 2026;
• Issuance of Eagleone shares with an equivalent value of $200,000 (U.S.) on or before Nov. 28, 2026;
• Cash payment of $150,000 (U.S.) on or before Jan. 12, 2027;
• Issuance of Eagleone shares with an equivalent value of $250,000 (U.S.) on or before May 28, 2027;
• Cash payment of $200,000 (U.S.) on or before July 13, 2027.

Transaction terms

Pursuant to the share exchange agreement, the company will acquire the purchased shares from the vendors, in exchange for the issuance to the vendors of 18.75 million Eagleone shares.

Completion of the transaction remains subject to receipt of all required corporate, regulatory and third party approvals, including acceptance of the Canadian Securities Exchange and, if required, approval of the company's shareholders.

About Eagleone Metals Corp.

Eagleone is a Canadian-based precious and base metal explorer that holds the option to acquire a 100-per-cent interest, subject to a 2-per-cent net smelter returns royalty, in 11 claims comprising the Magusi West gold project, which is located in Abitibi greenstone belt of Quebec -- one of the world's most-productive and highest-ranked gold mining jurisdictions. The company seeks to unlock shareholder value through the diligent exploration of carefully selected exploration projects in some of Canada's most prolific exploration and mining areas. Eagleone is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

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