Mr. Joseph Kizis reports

EQUITY METALS ANNOUNCES NON-BROKERED CHARITY/PREMIUM FLOW-THROUGH PRIVATE PLACEMENT

Equity Metals Corp. has proposed to undertake a non-brokered flow-through private placement consisting of 20 million charity/premium flow-through units at 23 cents for gross proceeds of $4.6-million. Each FT unit will be composed of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share for a period of three years at a price of 40 cents.

The proceeds received from the sale of the FT units will be utilized for the continued exploration and resource expansion at the Silver Queen gold-silver-zinc vein project and for surface work and drilling on the Au-Ag Arlington property.

The company may pay finders' fees composed of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Silver Queen project

The company also reports that it has completed the drilling component of the summer 2025 drill program on the Silver Queen project. The program extended the No. 3 vein up to 650 metres laterally to the northwest from the modelled 2022 mineral resource. Twenty-one core holes totalling 8,059 metres were drilled on the No. 3 North target. A short surface program consisting of reconnaissance soil and stream sediment sampling has been completed to investigate several district-scale targets outboard from the No. 3 vein system. Since the 2022 mineral resource, it has drilled an additional 87 drill holes for 34,494 metres that will be factored into the next revised exploration and resource model, in anticipation of a mineral resource update to be completed in early first quarter 2026.

About Silver Queen project

The Silver Queen project is a premier gold-silver property with over 100 years of historic exploration and development, and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina joint venture (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains a historic decline into the No. 3 vein and the George Lake vein, as well as camp infrastructure and a maintained tailings facility.

The Silver Queen property consists of 45 mineral claims, 17 Crown grants and two surface Crown grants totalling 18,852 hectares with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a six-square-kilometre area. An updated National Instrument 43-101 mineral resource estimate with an effective date of Dec. 1, 2022, was detailed in a news release issued on Jan. 16, 2023, and the full technical report can be found on SEDAR+ and the company's website.

More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely underexplored.

About Equity Metals Corp.

Equity is a Malaspina-Manex group company. The company owns a 100-per-cent interest, with no underlying royalty, in the Silver Queen project, located along the Skeena arch in the Omineca mining division, British Columbia. The property hosts high-grade, precious and base metal veins related to a buried porphyry system, which has been only partially delineated. The company also has a controlling joint venture interest (57.49 per cent) in the Monument diamond project, Northwest Territories, strategically located in the Lac De Gras district within 40 kilometres of both the Ekati and Diavik diamond mines and an option to earn a 100-per-cent interest in the Arlington gold-silver-copper property in Southern British Columbia.

Robert Macdonald, MSc, PGeo, is vice-president, exploration, of Equity Metals, a qualified person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure.

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