Mr. Matt Filgate reports

GREENLIGHT METALS ANNOUNCES GRANT OF DEFERRED SHARE UNITS TO DIRECTORS

In accordance with Greenlight Metals Inc.'s director compensation policy, the company has granted an aggregate of 339,284 deferred share units (DSUs) to its independent directors in respect of director fees earned for the first and second quarters of 2026. All independent directors are paid their director fees entirely in DSUs.

Each DSU can be redeemed for one fully paid and non-assessable common share of the company issued from treasury. The DSUs were granted in accordance with the company's amended and restated equity incentive plan. The DSUs will vest one year following their grant and will be settled following a director's retirement or other cessation from the board, in accordance with the terms of the equity incentive plan and applicable law. The DSU grant is subject to acceptance by the TSX Venture Exchange.

About Greenlight Metals Inc.

Greenlight is a Wisconsin-focused exploration company advancing copper-gold and gold projects across the Penokean volcanic belt (one of North America's most prospective VMS (volcanogenic massive sulphide) districts) and the Kalium Canyon epithermal gold project in Nevada's Walker Lane, which is subject to a binding term sheet for a proposed staged earn-in and joint venture with Barrick Mining Corp. In Wisconsin, Greenlight's portfolio includes the Bend copper-gold deposit, the Reef high-grade gold project, and the Lobo and Lobo East massive sulphide targets. Greenlight's flagship Bend project is posted on the U.S. Federal Permitting Dashboard as a FAST-41 Transparency project, providing a public framework for tracking applicable federal review and authorization milestones and co-ordinated support through the permitting council. Guided by a team with deep roots in the state, Greenlight is building a modern minerals company for Wisconsin, by Wisconsin, committed to responsible exploration, transparent engagement and creating durable local opportunities as it helps supply the critical metals that power the energy transition.

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