Mr. Indivar Pathak reports

FUTURE MINERAL ANNOUNCES AMENDMENT TO PURCHASE AGREEMENT RESPECTING ACQUISITION OF NICKEL–ZINC–LEAD PROJECT IN POLAND

Future Mineral Resources Inc. has entered into an amendment to the share purchase agreement dated Feb. 2, 2026, to acquire the remaining 52-per-cent ownership interest in its flagship nickel-zinc-lead project in Poland.

The agreement was initially entered into with Forbes EV Metals Inc. (the target) and its shareholders, many of whom are current or former directors and officers of the company (collectively, the vendors), pursuant to which Future Mineral intends to indirectly acquire the remaining 52-per-cent interest in the project through the purchase of 100 per cent of the issued and outstanding shares of the target, which owns 52 per cent of Ferrite Resources Polska sp zoo, a private company incorporated under the laws of Poland.

The project comprises the Szklary nickel deposit and the Dabrowka zinc-lead deposit, both located in Poland's established mining corridor. Future Mineral acquired an initial 48-per-cent interest in the project in June, 2025; closing of the acquisition will complete the consolidation. For more information about the 48-per-cent acquisition and the agreement, please see the company's press releases dated June 26, 2025, and Feb. 2, 2026, respectively, copies of which are available on the company's SEDAR+ profile.

The amendment revises certain commercial terms relating to the acquisition, as follows:

• The $2.6-million payable to the vendors will now be satisfied through promissory notes issued by the company, each bearing 10-per-cent annual interest, payable annually and maturing 24 months following the acquisition closing date, each of which the company may prepay at any time without penalty; overdue amounts will accrue interest at 12 per cent per annum until paid.
• Payment obligations under the promissory notes will be secured by a first-ranking pledge all shares of Ferrite Polska held, directly or indirectly, by the company.
• The outside date by which the acquisition must be completed was extended to Dec. 31, 2026.
• Delivery of the promissory notes and pledge documents was added as conditions precedent.

Closing of the acquisition remains subject to the satisfaction of several conditions precedent, including, inter alia, any requisite approval of the Toronto Stock Exchange, the provision of legal opinions concerning certain corporate matters and title, and other closing conditions customarily found in transactions similar to the acquisition. The acquisition is expected to close in November, 2026.

About Future Mineral Resources Inc.

Future Mineral is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas and Europe.

We seek Safe Harbor.