Mr. Brad Brodeur reports

CANAMERA ACCELERATES TURVOLÂNDIA REE PROGRAM, EXPANDING DRILL PROGRAM BY 20% FOLLOWING HOLE TUV-AUG-014 RETURNING 3,255 PPM TREO OVER 13 METRES FROM SURFACE

Canamera Energy Metals Corp. has provided an update on its continuing auger drilling program at its Turvolandia rare-earth project, located in the state of Minas Gerais, Brazil, approximately 200 kilometres northeast of Sao Paulo.

To date, the company has completed 83 auger drill holes totalling 969 metres of a previously planned 1,000-metre program. Drilling activities have focused on three defined grid areas, followed by regional wildcat drilling across the remaining portions of the property. Based on encouraging initial assay results, Canamera has elected to expand the program to a total of 1,200 metres, with the additional drilling focused on extending the eastern grid area to evaluate the continuity of mineralization identified to date.

"Turvolandia is delivering against our exploration thesis, with hole TUV-AUG-014 returning 3,255 ppm TREO over 13 metres from surface and a peak grade of 6,431 ppm TREO, the details of which were announced on March 11, 2026," said Brad Brodeur, chief executive officer of Canamera Energy Metals. "These results warrant an expanded program, and we have accordingly increased the auger drilling from 1,000 to 1,200 metres. The definitive agreement announced April 20, 2026, for USA Rare Earth Inc. (Nasdaq: USAR) to acquire Serra Verde Group -- operator of Brazil's only producing rare-earth mine -- for approximately $2.8-billion (U.S.) underscores the scale of M&A activity now focused on Brazilian ion adsorption clay REE production and the strategic role this deposit class is expected to play in Western critical mineral supply chains. Canamera is positioning a multiproject Brazilian ion adsorption clay REE portfolio into that market."

The company's exploration strategy is focused on testing the regolith profile, particularly the saprolitic horizon developed over bedrock. The regolith at Turvolandia is interpreted to be derived from the weathering of Neoproterozoic orthogneiss units of the Machado sheet, including the Sao Goncalo, Eloi Mendes, Paiolinho, Poco Fundo, Santa Luzia and Sao Joao da Mata units. These orthogneisses represent metamorphosed granitoid protoliths, with the more evolved felsic varieties considered favourable for rare-earth element (REE) enrichment. Turvolandia also sits within a broader regional corridor of REE-fertile lithologies in southern Minas Gerais. The company's exploration thesis is that prolonged tropical chemical weathering of these rocks may have produced ion adsorption clay (IAC) style rare-earth mineralization -- a deposit class characterized by soft, near-surface saprolite hosting REEs adsorbed onto secondary clay minerals, typically amenable to low-cost free-dig open-pit mining and ion-exchange leaching with dilute electrolyte solutions.

Initial assay results from the company's first batch of samples have been encouraging. Drill hole TUV-AUG-014 returned 3,255 parts per million (ppm) total rare-earth oxides (TREO) over 13 metres from surface (1,127 ppm magnetic rare earth oxides or MREO), including 5,486 ppm TREO (2,135 ppm MREO) over three metres and a peak grade of 6,431 ppm TREO over one metre (2,409 ppm MREO) (see company news release dated March 11, 2026). In light of these positive results, the company has elected to expand its auger drilling program from a previously planned 1,000 metres to 1,200 metres, with the additional drilling focused on extending the eastern grid area. The 615 metres of drill samples since the March 11 news release have been sent in three batches to SGS Geosol (ISO 9001, 14001 and 17025 certified), Belo Horizonte, Brazil, using lithium metaborate (LiBO2) fusion followed by inductively coupled plasma optical emission spectrometry and mass spectrometry (ICP-OES/MS) for 49-element analysis, including all rare-earth elements. The results from these batches should be received sometime in May. QA/QC (quality assurance/quality control) program includes the regular insertion of certified reference materials (CRMs), blank standards and field duplicates. The company looks forward to providing further updates as the program progresses.

The scientific and technical information in this news release has been reviewed and approved by Warren Robb, PGeo (British Columbia), vice-president of exploration of Canamera Energy Metals, and a qualified person as defined by National Instrument 43-101. Mr. Robb is not independent of the company within the meaning of NI 43-101.

For a discussion of the company's QA/QC processes and procedures, please see its most recently filed technical report, a copy of which may be obtained under the company's profile at SEDAR+.

About Canamera Energy Metals Corp.

Canamera Energy Metals is a rare-earth elements exploration and development company with an expanding project portfolio across Brazil, the United States and Canada. The company is focused on advancing ionic clay REE projects in Brazil and critical mineral assets in North America to support Western rare-earth supply chain independence.

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