Mr. Saf Dhillon reports

IMETAL RESOURCES UPDATES FINDERS' FEE AMOUNT

On Aug. 29, 2025, iMetal Resources Inc. closed its non-brokered private placement and issued 10,720,999 units at a price of 10.5 cents per unit for gross proceeds of $1,125,705.

Each unit consists of one common share in the capital of the company and one transferable share purchase warrant of the company. Each warrant entitles the holder thereof to purchase one additional share of the company at a price of 20 cents until Aug. 29, 2027, provided that, in the event the volume-weighted average closing price of the shares on the TSX Venture Exchange exceeds 50 cents for at least 10 consecutive trading days, the company will have the right to accelerate the expiry of the warrants.

In connection with completion of the offering, the company paid finders' fees of $53,606 and issued 550,436 non-transferable share purchase warrants to certain arm's-length third parties who assisted in introducing subscribers. The amount of the finders' fees paid and the finder warrants issued was incorrectly reported in the news release issued by the company on Sept. 4, 2025. Each finder warrant is exercisable on the same terms as the warrants. All securities issued in the offering are subject to a statutory hold period until Dec. 30, 2025, in accordance with applicable Canadian securities laws.

About iMetal Resources Inc.

iMetal is a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The flagship property, Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5 metres at 0.85 gram per tonne gold that borders the Juby deposit and is located within the Shining Tree camp area in the southern part of the Abitibi greenstone gold belt about 100 kilometres south-southeast of the Timmins gold camp. The 220-hectare Ghost Mountain property, 42 kilometres northeast of Kirkland Lake, lies five kilometres west of Agnico Eagle's Holt and Holloway mine. Carheil is an exploration-stage project with multimetal potential and previous graphite results. The project is about 170 kilometres north of Rouyn-Noranda in the Northern Abitibi greenstone belt.

We seek Safe Harbor.