Mr. Aksel Azrac of Nemesia reports

NEMESIA SARL ACQUIRES SHARES OF FIREWEED METALS CORP.

On Feb. 27, 2025, Nemesia Sarl, a company controlled by trusts settled by the late Adolf H. Lundin, acquired an aggregate of 11,673,200 common shares of Fireweed Metals Corp. at a price of $1.50 per common share for a total of $17,509,800 -- representing approximately 6.42 per cent of the then issued and outstanding common shares of Fireweed Metals.

As a result of this acquisition, Nemesia now holds 45,368,200 common shares or approximately 24.94 per cent of the issued and outstanding common shares of Fireweed Metals. The common shares were acquired in reliance on the private agreement exemption provided for under applicable Canadian securities legislation.

Despite their zero holdings in common shares of Fireweed, Zebra Holdings and Investments Sarl, Lorito Doraline Sarl, Lorito Floreal Sarl, Lorito Arole Sarl, and Lorito Orizons Sarl continue to be considered as joint actors with Nemesia. These are all private companies of Luxembourg controlled by trusts settled by the late Mr. Lundin.

Nemesia acquired the common shares of Fireweed Metals for investment purposes. Nemesia and its joint actors may from time to time make future investments in or dispose of common shares of Fireweed Metals depending upon the business and prospects of Fireweed Metals and depending upon future market conditions.

A copy of the early warning report to be filed pursuant to National Instrument 62-103 may be obtained from Barry Baker at 1-604-603-1575.