Mr. Robert McAllister reports

ENERTOPIA ANNOUNCES CORPORATE UPDATE

Enertopia Corp. has provided a corporate update.

The company is pleased to report that it has agreed to sell its West Tonopah lithium project near Tonopah, Nev., to American Battery Technology Company (ABAT). The company will receive $500,000 (U.S.) for the sale of the project, and ABAT will refund the property bond held by the Nevada Division of Minerals in the amount of $5,596 (U.S.) to the company. The agreement was executed on Jan. 15 and no finders' fees are payable. The anticipated closing is expected to take place on or around Jan. 20, 2026.

Over the past several months, the company has conducted an extensive cash flow analysis of the lithium market, input cost measures and expenditures, after which Enertopia decided that it was in the best interest of the company to sell the West Tonopah project. The additional capital is allowing Enertopia to explore other industrial or metallic exploration or mining opportunities that could be synergistic with the use of the company's patented technology stack.

"We would also like to thank the American Battery Technology team for its efforts in moving the lithium project forward," stated Enertopia chief executive officer Robert McAllister.

About Enertopia Corp.

Enertopia defines itself as an energy solutions company focused on modern technology through a combination of the company's intellectual property patents in green technologies to build shareholder value.

We seek Safe Harbor.