Mr. Alfredo Bazo reports

IRRUPTIVE METALS ANNOUNCES CLOSING OF C$60 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT

Irruptive Metals Corp. has closed its previously announced bought deal brokered private placement offering for aggregate gross proceeds of $60-million, including the exercise in full of the option granted to the underwriters (as defined herein). In connection with the offering, the company issued an aggregate of 48 million units of the company at a price of $1.25 per unit.

Each unit is composed of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one common share at a price of $1.65 per warrant share for a period of 24 months following the closing date of the offering.

"The closing of this $60-million financing represents a significant vote of confidence in Irruptive Metals and the substantial copper-gold potential of our Pimenton project," said Alfredo Bazo, president and chief executive officer of Irruptive Metals. "With our recent drill results demonstrating geological continuity and strong mineralization at the Central target, we are now well funded to accelerate our exploration program. These proceeds will enable us to advance Pimenton toward resource definition and unlock the full value of this high-quality asset in one of the world's most prolific porphyry copper-gold belts. We are thrilled to have the funding and investor confidence to execute on our exploration strategy."

The offering was led by Canaccord Genuity Corp. as sole bookrunner and lead underwriter, together with Haywood Securities Inc. and Velocity Trade Capital Ltd. In consideration for their services, the underwriters were paid a cash fee equal to $3.51-million. The company also issued an aggregate of 2.88 million non-transferable broker warrants to the underwriters. Each broker warrant is exercisable to acquire one common share at the offering price for a period of 24 months from the closing date of the offering.

The net proceeds received from the offering will be used to advance the company's Pimenton project, as well as for working capital and general corporate purposes.

All securities issued under the offering are subject to a hold period in Canada of four months and one day from the closing date of the offering, expiring Jan. 11, 2027. The offering remains subject to final acceptance of the TSX Venture Exchange.

Certain insiders of the company subscribed for an aggregate of 6,071,995 units for aggregate gross proceeds of $7,589,993.75, comprising: (i) 181,995 units ($227,493.75) subscribed for by Mr. Bazo, the company's president, chief executive officer and a director; (ii) 440,000 units ($550,000) subscribed for by Thomas Bata, a 10-per-cent securityholder of the company; and (iii) 5.45 million units ($6,812,500) subscribed for by Mercedes Juliana Benavides Ganoza de Vizquerra, a 10-per-cent securityholder of the company. The participating insiders are each considered an insider of the company within the meaning of applicable securities legislation, and, as a result, their participation in the offering constitutes a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). In completing each insider subscription, the company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. Specifically, the company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of the insider subscriptions is not more than 25 per cent of the company's market capitalization. Additionally, the company is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101 as the fair market value of the insider subscriptions is not more than 25 per cent of the company's market capitalization.

Issuance of restricted share units

The company also announces that it has granted an aggregate of 150,000 restricted share units of the company to certain advisers and officers of the company pursuant to the company's omnibus incentive plan. The RSUs will vest in equal thirds on the first, second and third anniversaries of the grant date, subject to the terms of the applicable award agreements, the plan and the policies of the exchange.

About Irruptive Metals Corp.

Irruptive is a Canadian copper-gold exploration company focused on unlocking value from high-quality mineral projects in Chile. The company's flagship Pimenton project is strategically located within one of the world's most prolific porphyry copper-gold belts and has been the subject of extensive historical exploration by major mining companies, underscoring its significant discovery potential.

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