Mr. Brad Brodeur reports

CANAMERA ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT AND LIFE OFFERING

Canamera Energy Metals Corp. has closed its previously announced (please see news releases dated Oct. 15, Oct. 20 and Oct. 27, 2025) non-brokered private placement for gross proceeds of approximately $2,473,570.35.

The private placement consisted of two parts:

• 1,782,000 flow-through units were issued at a price of 56 cents per flow-through unit: Each flow-through unit consists of one flow-through common share and one-half of one warrant, with each such whole warrant exercisable at a price of 65 cents to acquire, for a period of 36 months, one common share;
• 3,279,223 non-flow-through units were issued at a price of 45 cents per non-flow-through unit: Each non-flow-through unit consists of one flow-through common share and one-half of one warrant, with each such whole warrant exercisable at a price of 56 cents to acquire, for a period of 36 months, one common share.

The company intends to use the proceeds of the private placement to advance its mineral projects and for general working capital and corporate purposes, including investor relations. The proceeds from the sale of the flow-through units will be used to incur Canadian exploration expenses within the meaning of the Income Tax Act (Canada).

In connection with the private placement, the company paid an aggregate of $22,153.20 in cash as a finder's fee and issued 46,560 finder warrants to Research Capital Corp.

The securities issued in connection with the private placement are subject to a statutory hold period of four months and one day.

LIFE (listed issuer financing exemption) offering

The company is also pleased to announce the closing of its previously announced LIFE offering (please see news releases dated Oct 15 and Oct. 20, 2025), pursuant to which the company issued 4,394,356 units, at a price of 45 cents per LIFE unit, for gross proceeds of approximately $1,977,460.20. Each LIFE unit consists of one common share and one-half of one common share purchase warrant, with each such warrant entitling the holder to purchase one common share at a price of 56 cents for a period of 36 months.

The LIFE units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by the Canadian Securities Administrator's Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Accordingly, the units will not be subject to a hold period in accordance with applicable Canadian securities laws.

In connection with the LIFE offering, the company paid $65,078.10 in cash as a finder's fee and 144,618 finder warrants to Research Capital.

The company intends to use the net proceeds from the LIFE offering for working capital and general corporate purposes, as more specifically described in the offering document.

Change of auditor

The company also wishes to announce that it has changed its auditor from Adam Sung Kim Ltd. (the predecessor auditor) to DeVisser Gray LLP (the successor auditor), effective Nov. 17, 2025.

At the request of the company, the predecessor auditor resigned as auditor of the company effective Nov. 17, 2025, and the board of directors of the company appointed the successor auditor as the company's until the next annual general meeting of the company.

There were no reservations in the predecessor auditor's reports in connection with the most recently completed fiscal year (April, 2025) or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of the predecessor auditor's resignation. There are no reportable events (as that term is defined in NI 51-102, Continuous Disclosure Obligations) between the company and the predecessor auditor.

In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the predecessor auditor and the successor auditor, have been reviewed by the audit committee and the board of directors and have been filed on SEDAR+.

About Canamera Energy Metals Corp.

Canamera is a mineral exploration company focused on the acquisition and development of mineral resource projects, including the Mantle project in British Columbia, as well as high-quality REE (rare earth element) and critical metal assets in the Americas. The company targets underexplored regions with district-scale potential, leveraging geochemical, geophysical and geological data to identify first-mover opportunities.

We seek Safe Harbor.