Mr. Peter Hemstead reports

FIREWEED METALS ACQUIRES STRATEGIC LAND PACKAGE

Fireweed Metals Corp. has acquired the Harvest claims from Strategic Metals Ltd. These claims are fully enclosed within the boundaries of Fireweed's Macpass project, further consolidating the company's position in the district.

Highlights:

• Acquisition of 42 Harvest claims, encompassing an area of approximately 8.77 square kilometres;
• Claims situated on the northern side of the Macpass property in a belt of known barite-zinc-lead-silver showings;
• Exploration potential includes significant zinc-in-soil anomalies and stratigraphic units prospective for high-grade massive sulphide mineralization.

Chief executive officer statement

Peter Hemstead, interim president and CEO, stated: "The acquisition of the Harvest claims addresses the only remaining gap within the core of the Macpass property, consolidating prime ground within the prolific Selwyn basin and presenting strong potential for high-grade zinc mineralization. This acquisition aligns with our strategy to realize the full potential of our property, and we are eager to advance exploration on this highly prospective ground."

Exploration potential

The Harvest claims are strategically located within a belt of known barite-zinc-lead-silver showings, featuring the same barite-bearing stratigraphic interval hosting high-grade massive sulphide mineralization at the Boundary zone.

Historical soil sampling data reveal significant zinc-in-soil anomalies, with recent, high-quality soil data from adjacent Fireweed claims showing substantial lead, barium, silver and zinc anomalies along strike. This area includes barite deposits that could act as chemical traps for mineralizing fluids.

The claims also present modest potential for gold mineralization, with nearby gold targets indicating possible buried intrusions. Fireweed plans to conduct detailed soil geochemical surveys, prospecting and reconnaissance drilling to unlock the full potential of these claims.

Purchase agreement detail

The agreement with Strategic Metals includes the following terms:

• A cash payment of $150,000 to Strategic Metals;
• Issuance of 147,888 Fireweed shares;
• A net smelter return royalty of 0.5 per cent on base metals and silver and 2 per cent on gold from future production at the Harvest property.

Fireweed will retain the option to buy back 50 per cent of the royalties (a 0.25-per-cent base metal and silver NSR, and a 1-per-cent gold NSR) for $1-million.

No finders' fees were paid in connection with this transaction. Additionally, the transaction does not involve any non-arm's-length parties, and there are no relationships between Fireweed, its insiders and the sellers of the asset.

Qualified person statement

Technical information in this news release has been reviewed and approved by Fireweed senior geologist Ian Carr, PGeo (British Columbia), a qualified person as defined under Canadian National Instrument 43-101. Mr. Carr is not independent of the company in accordance with NI 43-101.

About Fireweed Metals Corp.

Fireweed is an exploration company focused on unlocking value in a new critical metal district located in Northern Canada. Fireweed is 100-per-cent owner of the Macpass district, a large and highly prospective 985-square-kilometre land package. The Macpass district includes the Macpass zinc-lead-silver project and the Mactung tungsten project. A Lundin group company, Fireweed is strongly positioned to create meaningful value.

Fireweed trades on the TSX Venture Exchange under the trading symbol FWZ, on the OTCQX Best Market under the symbol FWEDF and on the Frankfurt Stock Exchange under the trading symbol M0G.

We seek Safe Harbor.