Vancouver, British Columbia--(Newsfile Corp. - August 6, 2026) - Highcliff Metals Corp. (TSXV: HCM.H) (OTC: IMAHF) (the "Company" or "Highcliff") is pleased to provide shareholders with the following corporate update.

As previously announced, the Company has successfully completed its non-brokered private placement financing. The Company appreciates the continued support of its shareholders and investors. Details regarding the financing are contained in the Company's news release of July 22, 2026.

The Company continues to evaluate opportunities that management believes may enhance long term shareholder value and remains focused on identifying opportunities within the mineral exploration and resource sector that are consistent with the Company's strategic objectives. As part of its ongoing review, the Company periodically considers opportunities across various commodity sectors, including natural hydrogen, helium, critical minerals, precious metals and other prospective resource opportunities that management believes warrant evaluation.

The Company has not entered into any letter of intent, definitive agreement or other binding arrangement in respect of any acquisition, option, business combination or other material transaction. Accordingly, there can be no assurance that the Company's ongoing review of potential opportunities will result in any transaction.

The Company will provide further updates as developments warrant and in accordance with the requirements of the TSX Venture Exchange and applicable securities laws.

About the Company

The Company currently has no mineral properties and will seek out to identify and acquire a new business.

Highcliff Metals Corp.

John Theobald, President

For further information contact:

Forward-Looking Information and Cautionary Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements relate to future events or future performance and reflect management's current expectations, estimates and assumptions.

Forward-looking statements in this news release include, without limitation, statements regarding the Company's review and evaluation of potential business opportunities; management's intention to identify opportunities that may enhance shareholder value; the Company's review of opportunities within the mineral exploration and resource sector, including opportunities relating to precious metals, critical minerals, natural hydrogen, helium and other prospective resource opportunities; the possibility that the Company's ongoing review of opportunities may result in a future transaction; and the timing and content of future corporate updates.

Forward-looking statements are based upon a number of assumptions that management believes are reasonable as of the date hereof, including assumptions regarding general business and economic conditions, commodity markets, the availability of suitable opportunities for review, financing conditions, regulatory approvals where required and the Company's ability to identify opportunities consistent with its strategic objectives.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. These factors include, without limitation, the inability to identify suitable acquisition or exploration opportunities; the possibility that discussions with third parties may not result in any transaction; changes in commodity prices or market conditions; changes in government regulation; risks associated with mineral exploration and development; the availability of financing; fluctuations in capital markets; the ability to obtain necessary regulatory approvals; changes in applicable laws; general economic, financial and business conditions; and other risks customarily associated with companies engaged in mineral exploration.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update or revise such statements except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308319