Mr. Tero Kosonen reports

FINEX METALS REPORTS INITIAL DRILL RESULTS FROM RUOPPA EAST TARGET, FINLAND

Finex Metals Ltd. has received initial assay results for the first five drill holes from the East target of its 100-per-cent-owned Ruoppa gold project, located in the Central Lapland greenstone belt of northern Finland. The company completed its first diamond drill program at Ruoppa, comprising 14 drill holes totalling 2,483 metres, in August and September, 2025.

Highlights:

• The first five drill holes from the Ruoppa East target intersected multiple intervals of orogenic quartz-carbonate veins, consistent with those mapped during surface sampling and trenching:
• Drill hole RUO25D001 returned the highest gold values, intersecting 9.85 metres averaging 1.23 grams per tonne gold, including 5.79 g/t gold over 0.95 metre;
• Drilling has clarified the general vein geometries at Ruoppa East, with results demonstrating the presence of mineralized veins in an interpreted south-dipping vein swarm providing a clear vector for follow-up targeting;
• The Ruoppa East target area represents an approximate 200-metre-long segment of a larger 2.7-kilometre-long gold mineralized corridor. Assays for nine additional drill holes are pending, including holes testing several distinct vein targets.

Tero Kosonen, president and chief executive officer, states: "We have received an initial batch of assay results which offer early insights at Ruoppa East, although these results represent only approximately one-third of our maiden drill program and tested a small segment of the delineated gold corridor at Ruoppa. The style of mineralized quartz-carbonate veining encountered thus far gives us confidence we are in a gold-rich, structurally controlled environment comparable to other orogenic-vein-related gold systems found within Finland and worldwide. We look forward to providing further updates as additional assays are received."

The Ruoppa gold project is located along the eastern branch of the same regional structural corridor that controlled the emplacement of Agnico Eagle's Kittila gold mine and a number of additional gold occurrences. The first five drill holes were drilled into the Ruoppa East target area which represents a 200-metre-long segment of the 2.7-kilometre-long anomalous gold zone delineated during earlier exploration work (Finex news release July 21, 2025).

Ruoppa geological setting

Trenching had earlier confirmed that mineralization occurs along a tectonized contact zone between a mafic volcano-sedimentary rock package and a granodiorite stock. The bedrock exposed by trenching consists of strongly sheared and sericite-carbonate-altered granodiorite in the south and variably carbonate-altered and silicified tholeiitic massive and pillowed metabasalts, interlayered by tuffs and tuffites, in the north. Early alteration (chlorite plus sulphides) has been overprinted by ubiquitous potassic (biotite) and carbonate alteration associated with emplacement of quartz-carbonate veins and associated gold mineralization.

Gold values in quartz veins visually appear to be associated with sulphide mineralization, dominantly pyrite and arsenopyrite. Pathfinder mineralogy will be confirmed by pending multielement analysis and petrography.

Previous analyses of rock grab samples collected from Ruoppa East trenches imply that gold is closely associated with quartz plus/minus carbonate veins which generally trend toward the west-northwest to east-southeast and are either subvertical or dip at a low angle toward the south-southwest or toward the north-northeast, with these three orientations appearing consistently across the target area. Quartz veins are generally observed to be crosscut by calcite veins, suggesting that quartz vein formation and gold deposition precedes the formation of calcite veins.

Drilling

Drill holes were collared to intersect the mineralized quartz veins perpendicularly beneath the trenches at approximately 50 to 260 metres vertical depths. Drill holes RUO25D001 and RUO25D002 targeted the mineralization present in trench RUO24T003 from opposite directions. Hole RUO25D003 was drilled beneath trench RUO24T002, while RUO25D009 and RUO25D010 targeted the thick quartz-carbonate veins identified in trench RUO25T006. Lithologically, all five drill holes intersected similar massive, pillowed or hyaloclastic mafic volcanic rocks locally interbedded with mafic tuffs. Thin, fine-grained granitic intrusive dykes (aplites) are common within the volcanic units. Quartz-carbonate veins are abundant, generally between five to 100 centimetres wide with the most intensively veined intervals associated with pervasive biotite and carbonate alteration.

Analytical results

Results for the first five Ruoppa East drill holes are shown in Table 2. Gold content in assayed intervals closely corresponds with the volume and thickness of sulphide-bearing quartz-carbonate veins. Gold grades are systematically lower than surface grab samples from weathered bedrock in previously reported sampling (Finex Metals news release July 21, 2025). This is likely attributed to dilution of gold grades by less mineralized wall rock between veins, which was not fully captured in the rock grab samples taken from trenches.

Gold-bearing quartz-carbonate veins were encountered in drill hole RUO25D001, with the best intercept of 1.23 g/t gold over 9.85 metres from 41.05 metres depth. Quartz carbonate veins intersect all other lithological units and are mostly subvertical trending east-west. In addition to these, some veins in the high-grade gold intervals in RUO25D001 dip toward the south. Also, vein observations deeper in RUO25D005 contain moderately to steeply south-dipping quartz carbonate veins, indicating that the mineralized vein set is dipping southward at depth.

The granodiorite-mafic volcanics contact zone in hole RUO25D005 is strongly hydrothermally altered (strong sericitization and Fe-carbonate alteration in granodiorite). Hole RUO25D005 was drilled in proximity to junction of northeast and northwest-trending deformation features interpreted from ground magnetic data.

Drilling of the Ru oppa target is still in its early stages. New petrological and structural data is currently being collected from these first drill holes to better understand the structural controls of the Ruoppa gold mineralization. Nine drill holes representing approximately two thirds of the program are pending assays.

Analytical methods and QA/QC (quality assurance/quality control)

Drill core coming from the rig at Ruoppa was first collected to the loading site near Ruoppa for preliminary examination of the core. Core boxes were then loaded onto pallets and transported by a contractor (Hettula Oy) to Palsatech core handling facilities at Sodankyla. Drill core was logged by company geologists with standard methods and the data entered into a validated digital database. After completing the geological logging and marking of the core intervals for analysis, drill core was sawn in half lengthwise. Certified reference material standards and blanks were inserted into the sample stream and sample batches were sent to CRS laboratories at Kempele, Finland, for pulp preparation.

At CRS Laboratories, dry samples were first crushed to two millimetres and split to a 900-gram subsample using a rotary sample divider attached to the crusher. The resultant subsample was pulverized to 85 per cent passing 75 micrometres (CRS code PRP-929). Pulps were shipped by air to MSALABS in Vancouver, Canada, for analysis. At MSALABS, samples were analyzed for gold by lead-collection fire assay (MSALABS code FAS-121) using fusion of a 50-gram aliquot followed by an aqua regia digestion of the gold containing bead with an AAS finish. Analysis for 48 additional elements (including pathfinders for gold) utilized ICP-MS/ES finish (ultratrace) after a four-acid digestion of 0.25-gram aliquots of samples (MSALABS code IMS-230). Results for certified reference material were generally within 95 per cent of acceptable tolerance limits. Both CRS laboratories and MSALABS are accredited according to international standards of SFS-EN ISO/IEC 17025 and ISO/IEC 17025:2017, respectively.

About the Ruoppa project

The company's flagship Ruoppa project is situated in the Central Lapland greenstone belt in Finland, adjoining Agnico Eagle's Kittila mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources' recent Ikkari discovery. Previous work by Finex identified a series of gold targets that extend over approximately 2.7 kilometres. For more information on the Ruoppa project, refer to the National Instrument 43-101 technical report dated April 14, 2025, as filed on SEDAR+.

About Finex Metals Ltd.

Finex Metals is a gold-focused mineral exploration company with a portfolio of 100-per-cent-owned, royalty-free projects near existing mining operations in the Central Lapland greenstone belt in Finland.

Finex Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM (CP), EurGeol, a qualified person (QP) as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a contractor and shareholder of the company.

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