Mr. Tim Fernback reports

FUSE BATTERY ANNOUNCES EXTENSION DATES FOR SUBSCRIPTION RECEIPT FINANCING AND THE RTO TRANSACTION

Further to Fuse Battery Metals Inc.'s news release dated Feb. 24, 2026, whereby the company announced the amendments to the subscription receipt financing, the company has now received an additional 30-day extension from the TSX Venture Exchange to complete its previously announced financing which is being done in connection with the reverse takeover. The transaction has received shareholder approval and conditional acceptance from the exchange, and the exchange has also given the company an additional 90 days to complete the transaction.

In accordance with exchange policy, the company's shares are halted from trading and will remain halted until such time as determined by the exchange, which, depending on the policies of the exchange, may not occur until the completion of the transaction.

The company will provide further details in respect of the transaction, in due course, by way of news releases.

About Fuse Battery Metals Inc.

Fuse Battery Metals is a Canadian-based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The company's focus is on exploration for high-value metals required for the manufacturing of batteries.

Ontario cobalt properties

Fuse owns a 100-per-cent interest its Glencore Bucke property, situated in Bucke township, six kilometres east-northeast of Cobalt, Ont., subject to a back-in provision, production royalty and offtake agreement. The Glencore Bucke property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne cobalt project. The company also owns a 100-per-cent interest, subject to a royalty, in the Teledyne project located near Cobalt, Ont. The Teledyne property adjoins the south and west boundaries of claims that hosted the Agnico mine.

Glencore Bucke/Teledyne property

Situated in Bucke township, six kilometres east-northeast of Cobalt, Ont., the Glencore Bucke property adjoins, on its northeast corner, the former cobalt-producing Agaunico mine. From 1905 through to 1961, the Agaunico mine produced a total of 4.35 million pounds of cobalt (Co) and 980,000 oz of silver (Ag) (Cunningham-Dunlop, 1979). The amount of cobalt produced from the Agaunico mine is greater than that of any other mine in the Cobalt mining camp. production ceased in 1961 due to depressed Co prices and oversupply (Thomson, 1964). The Glencore property is 100 per cent owned by Fuse cobalt subject to a back-in provision, production royalty and offtake agreement.

The associated Teledyne property, located in Bucke and Lorrain townships, consists of five patented mining claims totalling 79.1 hectares and 46 unpatented mining claim cells totalling approximately 700 ha. The property is easily accessible by Highway 567 and a well-maintained secondary road.

Over $25-million has been spent thus far (2020 dollars inflation adjusted) on the Teledyne property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 feet parallel to the main cobalt mineralized vein. The Teledyne property is subject to a production royalty in favour of New Found Gold and an offtake agreement in favour of Glencore Canada Corp., while the Glencore Bucke property is subject to a back-in provision, production royalty and an offtake agreement in favour of Glencore Canada Corp. Glencore PLC is the world's largest producer of cobalt. A significant portion of the cobalt that was produced at the Agaunico mine was located along structures (vein No. 15) that extended southward toward the northern boundary of the Teledyne cobalt property, currently 100 per cent owned by Fuse. Mineralization was generally located within 125 ft (38.1 m) above the Huronian/Archean unconformity. Stoping widths of up to 50 ft (15.2 m) were not unusual at the Agaunico mine (Cunningham-Dunlop, 1979).

We seek Safe Harbor.