Mr. Robin Dunbar reports

GRID METALS ANNOUNCES TSX VENTURE APPROVAL FOR FALCON WEST CESIUM PROJECT JOINT VENTURE

Grid Metals Corp. has received conditional approval from the TSX Venture Exchange for its previously announced transaction with Avenir Minerals Ltd., a wholly owned subsidiary of Agnico Eagle Mines Ltd., for a joint venture on the company's Falcon West cesium property located in southeastern Manitoba, Canada, as announced by the company on July 20, 2026.

Under the joint venture agreement (the JV agreement) between the company and Avenir, Avenir has acquired an initial 15-per-cent interest in the property and resulting joint venture for $3.75-million in cash and will thereafter finance its pro rata share of costs. Grid has retained an initial 85-per-cent interest in the property and will be the operator of the joint venture.

Avenir has been granted the option to subscribe for up to 19.99 per cent of Grid's issued and outstanding common shares, including Avenir's then-current holdings, following the publication of a mineral resource estimate in respect of the property to be prepared in compliance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Avenir currently holds approximately 9.9 per cent of Grid's issued and outstanding common shares, issued in connection with Grid's October, 2025, private placement.

Avenir will have an option to acquire an additional 15-per-cent interest (for a total of 30 per cent) in the property upon completion of a preliminary economic assessment or adoption of a mine plan in respect of the property.

We seek Safe Harbor.