Mr. Burns Tennent-Bhohi reports

EASTPORT CRITICAL METALS APPOINTS ACCOMPLISHED MINING EXECUTIVE, DANIEL MAJOR AS CHIEF EXECUTIVE OFFICER

Eastport Critical Metals Corp. has appointed Daniel Major as chief executive officer, effective July 1, 2026. Burns Singh Tennent-Bhohi, the company's co-founder and current chief executive officer, will move to chair of the board, and David Minchin, currently chair, will move to co-chair.

Mr. Major, incoming chief executive officer, commented: "Eastport has assembled a high-quality portfolio of critical metal projects in one of Africa's most stable and prospective jurisdictions. In just six months since listing, the team launched three concurrent drill programs, secured strategic support from a leading natural resources fund and announced a new uranium discovery at Foley while advancing resource-definition drilling at the Nakalakwana copper deposit and phase 1 drilling at the Semarule REE [rare earth element] project.

"Having spent a large portion of my career advancing African projects from discovery through feasibility studies towards development, I am excited to lead the excellent Eastport team through this next phase of optimizing results, prioritizing assets, and fast-tracking clear economic pathways for shareholders and our stakeholders in Botswana."

Mr. Major is a mining engineer with more than 35 years of experience in the mining industry from banking and finance (JP Morgan and HSBC) to developing projects across (including operating mines) uranium, copper, gold and critical minerals, with particular depth in Africa. He most recently served as chief executive officer of GoviEX Uranium Inc. from 2012 to 2025, taking the company public and advancing a multijurisdictional African portfolio through feasibility studies and ESIAs (environmental and social impact assessments). Mr. Major has over 20 years experience as an executive leading companies in Canada, South America and Russia. He holds a BEng (honours) in mining engineering from the Camborne School of Mines and currently serves as a non-executive director of Leading Edge Materials Corp.

Mr. Tennent-Bhohi, co-founder and incoming executive chairman, commented: "As co-founder of Eastport after nearly seven years, it is of paramount responsibility that the board and I continually evaluate how to create value for our shareholders and local stakeholders.

"The period to present has been one of incredible dedication by the entire Eastport team globally with a clear focus on our deliverables. We are currently experiencing and going through one of the most palpable shifts in attitudes towards commodities, energy and how we securely rely on access to either. For Eastport, our incredible team have dedicated many years to position our shareholders and stakeholders to benefit from this change in attitude.

"Our projects are only as strong as our team, and, to this end, we are always seeking talent that will augment value, and executives of Daniel's calibre, with a proven record of advancing African projects from discovery through feasibility, are rare. I am delighted to welcome Daniel to Eastport at this exciting and intense time.

"I look forward to working closely with him in my capacity as co-founder and executive chairman as we continue to progress our copper, uranium and rare earth mineral interests toward clear economic decisions."

Issue of options

In connection with Mr. Major's appointment, the company has agreed to issue 500,000 options to purchase common shares in the capital of the company to Mr. Major on the effective date pursuant to the company's stock option plan. The CEO options will be exercisable at a price equal to a 20-per-cent premium to the five-day volume-weighted average trading price of the company's common shares immediately preceding the date of grant and will be subject to a staged vesting schedule. An initial 100,000 CEO options will vest immediately upon Mr. Major's appointment as chief executive officer, a further 150,000 options will vest upon completion of 12 months of continuous service as chief executive officer, and the remaining 250,000 options will vest upon completion of 18 months of continuous service as chief executive officer. The CEO options will expire five years from the date of issuance.

Additionally, the board of directors of the company has approved the grant of an aggregate of 1.2 million incentive stock options to eligible directors, officers and consultants pursuant to its stock option plan. The options will be exercisable at a price equal to a 20-per-cent premium to the five-day volume-weighted average trading price of the company's common shares immediately preceding July 1, 2026, being the date of grant. The options vest immediately on issuance and expire five years from the date of issuance.

The CEO options and the options are not transferable. The common shares issued upon exercise of the stock options will be subject to a four-month resale restriction from the date of grant.

About Eastport Critical Metals Corp.

Eastport is a critical minerals development company advancing five projects in Botswana, with cumulative historical and current expenditures approaching $20-million. The company's most advanced asset is the Matsitama copper project, which hosts multiple sizable targets across the Matsitama copper district.

The company's additional projects include Selebi East, a nickel-copper-cobalt project located seven kilometres east of the historic Selebi mines; the Semarule rare earth elements project, positioned within the Gaborone-Molepolole corridor; the Foley uranium project, adjoining the Letlhakane uranium deposit; and the Keng project, which targets nickel, copper and platinum group elements on the northern margin of the Molopo Farms complex.

Botswana is widely regarded as one of Africa's strongest mining jurisdictions, combining the continent's highest GDP (gross domestic product) per capita with a 50-year record of large-scale mineral development since the Orapa diamond discovery in 1967. The country ranks among the top performers globally on the Fraser Institute's Investment Attractiveness Index and is the highest-rated jurisdiction in Africa on the Policy Perception Index. These rankings reflect Botswana's stable regulatory environment, consistent rule of law and long-standing support for responsible mineral development -- factors that have underpinned significant investment and major M&A (merger and acquisition) activity in the natural resources sector in recent years.

We seek Safe Harbor.