Mr. Joseph Kizis Jr. reports

EQUITY METALS ANNOUNCES CREWS AND DRILL MOBILIZED TO COMMENCE WINTER '26 PROGRAM ON THE SILVER QUEEN AG-AU PROPERTY, BRITISH COLUMBIA; ARLINGTON PROPERTY DRILL RESULTS EVALUATED

Crews have mobilized in preparation for drilling on Equity Metals Corp.'s 100-per-cent-owned 18,871-hectare Silver Queen property, Northern British Columbia.

In this initial drilling program, 16 holes totalling 4,200 metres are planned to test parts of the existing resource model and will include twinning of several historical holes. Intercepts will be used to continue validation of the historical drill results, and mineralization from the new holes will be used for additional metallurgical testwork on the No. 3 vein. This phase of the 2026 program is designed to further derisk the project in preparation for economic assessment.

In addition to this first phase of the 2026 program, a larger exploration/development program is planned on the property, which will include:

• Relogging and sampling of several historical drill holes from 2017 to 2018;
• Re-establishing underground access to the historical workings via the Earl Adit on the No. 3 vein for lidar (light detection and ranging) scanning and resampling purposes;
• Drilling on newly developed greenfields targets in the broader district generated in part through the fall 2025 sampling program and earlier compilation.

The No. 3 vein hosts the single largest resource currently identified on the Silver Queen property and with its southern extension, the NG-3 vein, account for 65 per cent of the currently modelled mineral resources on a AgEq (silver equivalent) basis. The National Instrument 43-101 mineral resource estimate with effective date Dec. 1, 2022, is detailed in a news release issued on Jan. 16, 2023.

Arlington property update

The company also reports that final assays from 2025 drilling on the Arlington property have been received. Nine core holes totalling 3,407 metres were completed and tested three separate hot-spot clusters of strongly anomalous Au-Ag-As (gold-silver-arsenic) values within the South Fresh Pots soil anomaly.

Drilling intersected several, shallowly dipping gold-enriched quartz veins within a granodioritic host rock

Assay highlights include:

• A 1.6-metre interval averaging 3.9 grams per tonne Au, 0.29 per cent Cu (6.6 g/t gold equivalent), from AR25-001;
• A 7.0-metre interval averaging 1.2 g/t Au, 0.03 per cent Cu (1.2 g/t AuEq), from AR25-004;
• A 2.0-metre interval averaging 3.1 g/t Au, 0.01 per cent Cu (3.1 g/t AuEq), from AR25-005.

President Joe Kizis commented: "Drill results at South Fresh Pots indicated gold is closely associated with copper and a small granodiorite intrusion, potentially the distal part of a copper/gold-related intrusive system. The mineralization and IP chargeability (see figure and inset) suggest a vector toward a magnetic high beneath the North Fresh Pots target, which may be the source intrusion with thicker zones of mineralization surrounding the intrusion."

Work on the property in 2026 will include a spring surface mapping and sampling program designed to upgrade new target areas for drilling, particularly the North Fresh Pots, Rona and Arlington target areas.

Earlier surface work on these targets includes a short pack sack drill interval in the North Fresh Pots which returned a 0.7-metre interval of 2.2 g/t Au, 11.34 g/t Ag and 0.35 per cent Cu in magnetite skarn and surface chip sampling from the Arlington south area by previous management which returned 11.7 g/t Au, 211 g/t Ag and 3.22 per cent Cu (see B.C. assessment report 41159).

About Equity Metals Corp.

Equity Metals is a member of the Malaspina-Manex Group. The company owns 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 JV (joint venture) interest (57.49 per cent) in the Monument Diamond project, Northwest Territories, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. As well, the company has an option to acquire a 100-per-cent interest in the Arlington property, located within the Boundary district of south-central British Columbia where 2025 exploration work consisted of geophysics and diamond drilling designed to identify and delineate an apparent gold system.

Robert Macdonald, MSc, PGeo, is vice-president of exploration of Equity Metals and 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. He has reviewed and approved this news release.

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