Mr. Brad Brodeur reports

CANAMERA COMMENTS ON U.S. PROCLAMATION TO STRENGTHEN CRITICAL MINERALS SUPPLY CHAINS

Canamera Energy Metals Corp. has welcomed President Trump's Jan. 14, 2026, proclamation under Section 232 of the Trade Expansion Act directing federal agencies to negotiate agreements aimed at securing domestic and allied supply chains for processed critical minerals and their derivative products, including rare-earth elements.

The proclamation, entitled "Adjusting Imports of processed Critical Minerals and Their Derivative products into the United States," follows a Section 232 investigation that found the United States is 100-per-cent net-import reliant for 12 critical minerals, and 50 per cent or greater net-import reliant for a further 29 critical minerals. The investigation concluded that processed critical minerals and derivative products are being imported in such quantities and under such circumstances as to threaten to impair the national security of the United States.

Despite being the world's second-largest producer of mined rare-earth oxides, the United States remains heavily import-reliant due to limited domestic processing capacity. This dynamic underscores the need for both new mine supply from allied jurisdictions and expanded processing infrastructure to reduce dependence on foreign sources.

"The administration's emphasis on building secure, allied nation supply chains for processed critical minerals underscores the strategic importance of exploring for and developing rare-earth element projects in stable, mining-friendly jurisdictions," stated Brad Brodeur, chief executive officer of Canamera. "The U.S. government has already demonstrated its commitment to this objective through the Development Finance Corp.'s investments in Brazilian rare-earth projects, including up to $465-million (U.S.) committed to Serra Verde and funding for Aclara Resources' Carina project -- both in Goias state. This further validates Canamera's strategy of focusing on rare-earth exploration projects in the United States, Canada and Brazil, including our Turvolandia and Sao Sepe projects in Brazil."

Implications for the rare-earth sector

The proclamation signals a significant policy shift that may benefit rare earth exploration and development companies operating in allied nations. Key implications include:

• Processing infrastructure investment: The finding that processing capacity is the critical choke point may drive increased government and private sector investment in North American separation and refining facilities.
• Defense industrial base considerations: The proclamation identifies rare-earth permanent magnets as vital to defence systems and critical infrastructure, potentially supporting long-term demand fundamentals for heavy rare-earth elements.

Canamera's rare-earth portfolio

Canamera is building a diversified portfolio of rare earth element exploration projects in allied jurisdictions:

• Brazilian projects: Options on the Turvolandia and Sao Sepe rare-earth element projects in Brazil, a jurisdiction with significant rare-earth potential and growing ties to North American markets.
• Iron Hills project (Colorado, United States): A rare-earth and critical mineral exploration project that is prospective for carbonatite-alkaline igneous systems where the company owns a 100-per-cent royalty-free interest.
• Schryburt Lake project (Ontario, Canada): A carbonatite-hosted rare-earth and niobium exploration project with four defined priority targets, where the company holds an option to earn up to 90-per-cent interest.
• Garrow project (Ontario, Canada): A rare-earth and niobium exploration project where the company holds an option to acquire a 100-per-cent interest.

The scientific and technical information in this news release has been reviewed and approved by Warren Robb, PGeo (British Columbia), vice-president, exploration, of the company and a qualified person as defined by National Instrument 43-101.

About Canamera Metals Corp.

Canamera Energy Metals is a critical and rare-earth metals exploration company focused on building a diversified portfolio of district-scale projects across the Americas. In North America, the company's portfolio includes the Schryburt Lake rare-earth and niobium project in Ontario; the Iron Hills critical and rare-earth project in Colorado; the Garrow rare-earth elements project in Northern Ontario; the Great Divide basin uranium project in Wyoming; and the Mantle project in British Columbia. In South America, Canamera is advancing the Turvolandia and Sao Sepe rare-earth element projects in Brazil. Across this portfolio, Canamera targets underexplored regions with strong geological signatures and supportive jurisdictions, leveraging geochemical, geophysical, and geological data sets to generate and advance high-conviction, first-mover exploration opportunities.

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