Mr. Tim Warman reports

FUERTE PARTNERS WITH G MINING SERVICES & WSP FOR COFFEE GOLD PROJECT STUDIES, ENGINEERING AND MINE CONSTRUCTION

Fuerte Metals Corp. has struck a partnership with G Mining Services (GMS) to produce a feasibility study (FS), perform preliminary engineering for critical-path items and lead the eventual mine construction for its 100-per-cent-owned Coffee gold project in Canada's Yukon. Fuerte has also engaged WSP to complete a preliminary economic assessment (PEA) for the project. The PEA and feasibility studies will run in parallel, with the PEA providing a first look at the project design underpinning the value of the project with completion of the study anticipated in the first quarter of 2026. The FS, anticipated in the fourth quarter of 2026, will present a well-defined economic and technical analysis that will form the basis for a production decision that could be made as early as Q1 of 2027. Fuerte's project team will co-ordinate with GMS and WSP to ensure alignment between the two studies.

Tim Warman, president and chief executive officer of Fuerte, commented: "We are extremely pleased to be working with GMS and WSP as we advance the Coffee gold project towards a construction decision in 2027. We intend to leverage the extensive drilling, test work and engineering that was carried out by previous project owners as we work to complete the PEA in short order. The subsequent FS led by GMS will form the basis for project finance discussions and their scope of work also includes required engineering to support procurement of long-lead and critical path items as well as construction supervision for an extensive program of permitted advanced exploration activities at site, and for the northern access route once permits are in hand. Fuerte and GMS have also signed a memorandum of understanding for GMS to lead the eventual mine construction, subject to a positive construction decision and the receipt of the remaining permits. GMS has a stellar reputation in the mining industry, and we are confident they are the right partner to help us achieve a successful outcome for the Coffee gold project, with a strong focus on safety and environmental protection."

Mathieu Gignac, president of G Mining, commented: "Since 2014, GMS has been in continuous construction of successful mining projects. Our team has pioneered and fine-tuned the integrated project management approach to deliver responsible projects that create value for shareholders and stakeholders. We are thrilled to mobilize to the Yukon to join the Fuerte Metals project team that is responsible for delivering the Coffee gold project. We remain committed to safety, collaboration and project execution excellence, ensuring that we contribute to the success of the project and of the communities we work with."

GMS was founded in 2006 and has grown into a renowned mine development firm specializing in both underground and open-pit precious and base metal projects. The company offers a comprehensive suite of services across all mining disciplines, as well as the industrial construction expertise required to develop and support successful mining operations. With extensive project experience in Canada and internationally, GMS has built a strong record of delivering fit-for-purpose projects safely, on or under budget, and on or ahead of schedule. Notable achievements include the successful construction of Lundin Gold's Fruta del Norte project in Ecuador; delivering Newmont Mining's Merian mine in Suriname below budget and ahead of schedule; overseeing project construction of the Greenstone project in Ontario; and partnering with G Mining Ventures to successfully build the Tocantinzinho mine in Brazil. GMS continues to expand its portfolio with its current involvement in the Oko West project in Guyana and the McIlvenna Bay project in Northern Saskatchewan.

WSP is one of the world's leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals. Together they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP will be managing the PEA from its Whitehorse office, leveraging its knowledge of the local community, costs and infrastructure.

About Fuerte Metals Corp.

Fuerte Metals is a Canadian exploration and development company focused on advancing high-potential precious metals and base metals projects across the Americas.

Qualified person

Alan J. San Martin, PEng, and Charley Murahwi, PGeo, from Micon International Ltd., are the qualified persons (QPs) who prepared the Coffee gold project mineral resource estimate, as detailed in the technical report titled "NI 43-101 Technical Report for the 2025 Mineral Resource Estimate Update on the Coffee Gold Project, Yukon, Canada" with an effective date of Aug. 21, 2025. Micon International Ltd. is "independent" of Fuerte as defined by Section 1.5 of NI 43-101. The Coffee Technical Report is available on the cmpany's website and on SEDAR+.

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