Mr. Jeremy Poirier reports

GRIT METALS CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Grit Metals Corp. has arranged a non-brokered private placement of up to 10 million units of the company at a price of 10 cents per unit for aggregate gross proceeds of up to $1-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one share at a price of 25 cents for a period of two years following the date of issue. The proceeds from the offering are expected to be used for working capital and general corporate purposes.

The offering is expected to close in December, 2025, and is conditional on the satisfaction of customary conditions, including the approval of the TSX Venture Exchange. Finders' fees or commissions may be payable in connection with the offering. All securities issued in connection with the offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws.

About Grit Metals Corp.

Grit Metals is a junior mining company currently focused on the lithium-cesium-tantalum Finnish pegmatite project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. One of the key components is access to REEs (rare earth elements) and, specifically, lithium. The company's exploration licences are located within one kilometre of the Keliber mine and production complex, currently under construction and expected to begin production in the second half of 2025.

An estimated 600-million-euro investment by Keliber's parent company, Sibanye-Stillwater Ltd., in partnership with the Finnish Minerals Group, is under way in the Kautinen region and will see the development of open-pit and underground mining from several deposits as well as construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: Sibanye-Stillwater's website).

It is anticipated that certain directors, officers or other insiders of the company will acquire units. Such participation will each be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the offering due to the fair market value of the related party participation being below 25 per cent of the company's market capitalization for purposes of MI 61-101. The company will file a material change report in respect of the offering. However, the material change report will be filed less than 21 days prior to the closing of the offering, which is consistent with market practice and the company deems reasonable in the circumstances.

We seek Safe Harbor.