Mr. Brandon Macdonald reports

FIREWEED UPGRADES TO TRADE SHARES ON THE OTCQX BEST MARKET

Fireweed Metals Corp. has upgraded from the OTCQB Venture Market to the OTCQX Best Market, a top-tier public market in the United States. As of today, Fireweed's common shares are actively trading on OTCQX under the trading symbol FWEDF. This significant step underscores the company's commitment to accessibility for United States investors, aligning with the high standards set by OTCQX.

Chief executive officer statement

Brandon Macdonald, CEO, stated: "Fireweed's transition from OTCQB to OTCQX affirms the quality of our company and projects. By being on the OTCQX platform, we've broadened accessibility to Fireweed shares, catering to a wider spectrum of investors. This is poised to enhance our shareholder base both in the U.S. and globally, amplifying our overall liquidity."

The OTCQX market is designed for established, investor-focused United States and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Graduating to the OTCQX market from the OTCQB market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

About Fireweed Metals Corp.

Fireweed Metals is a public mineral exploration company on the leading edge of critical minerals project development. Fireweed is well financed, with a healthy balance sheet, and has three projects located in Canada:

• Macpass project (zinc-lead-silver): Fireweed owns 100 per cent of the district-scale 940-square-kilometre Macmillan Pass (Macpass) project in Yukon, Canada, which is host to one of Earth's largest undeveloped resources of zinc, a critical mineral. The Tom and Jason zinc-lead-silver deposits have current mineral resources (11.21 million tonnes indicated resource at 6.59 per cent zinc, 2.48 per cent lead and 21.33 grams per tonne silver; and 39.47 Mt inferred resource at 5.84 per cent zinc, 3.14 per cent lead and 38.15 g/t silver) and a preliminary economic assessment (PEA). In addition, Boundary zone, Tom North and End zone have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims with known showings and significant upside exploration potential.
• Mactung project (tungsten): The company owns a 100-per-cent interest in the 38 square km Mactung project located adjacent to the Macmillan Pass project. Recently announced mineral resources for Mactung (41.5 Mt indicated resource at 0.73 per cent WO3 (tungsten trioxide) and 12.2 Mt inferred resource at 0.59 per cent WO3) make it the world's largest high-grade resource of the critical mineral tungsten. Located in Canada, it is one of the rare large tungsten resources outside of China.
• Gayna project (zinc-lead-gallium-germanium): Fireweed owns 100 per cent of the 129 square km Gayna project located 180 km north of the Macmillan Pass project. It is host to extensive mineralization including critical minerals zinc, gallium and germanium as well as lead and silver, outlined by 28,000 metres of historical drilling. A recent re-evaluation of the geology, supported by recent ground gravity geophysics results, soil surveys and high-grade rock samples, indicates drill targets with potential for high-grade Kipushi-style massive sulphide mineralization.

Qualified person statement

Technical information in this news release has been approved by Mr. Macdonald, PGeo (British Columbia), Fireweed's CEO and a qualified person as defined under Canadian National Instrument 43-101.

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