Mr. Eric Krafft reports

LEADING EDGE RECEIVES CONTINUED HIGH GRADE COBALT-NICKEL RESULTS FROM SYSTEMATIC GALLERY CHIP SAMPLING, BIHOR SUD PROJECT, ROMANIA

Leading Edge Materials Corp. has received further positive assay results for cobalt-nickel-gold from Gallery 7. This second batch of 104 samples prolongates the zone of Co-Ni-Au-occurrences by about 250 metres to a total length of roughly 400 m north-northwest-south-southeast, and constitutes the central-southern part of G7 at the Bihor Sud project in Romania.

Eric Krafft, chief executive officer, states: "We are very excited to see that our new assays demonstrate persistence of Co-Ni-Au-mineralization into G7, opening further, previously unknown potential. In combination with our mapping results, clearly outlining the structural context and strike/dip directions of mineralized zones, these findings yield immediate drill targets. The company has therefore decided to skip channel sampling of these zones but proceed directly to an underground drill program."

Co-Ni-Au in Gallery 7

Observed Co-Ni-Au mineralization extends a considerable distance and will add to the overall strike length of the total mineralized G7 segment. The structurally controlled mineralized zones are commonly traced on the gallery walls over few metres to few tens of metres and are on the order of 20 to 80 centimetres thick but may occur in a stacked manner with barren material in between. Mineralization occurs on the foliation of schists, on the cleavage in schists and on faults. A total of 104 chip samples were collected from G7, and extend the sampling and assay results reported on Oct. 25, 2023.

Chip samples, mostly of 0.5 to two kilograms, were collected from mineralized zones identified visually on mapping and by hand-held X-ray fluorescence. Exposed mineralization was sampled at a spacing of approximately one metre along strike to understand the extent of mineralized zones on the gallery walls in preparation of a follow-up drilling campaign.

Sample preparation and gold assays were performed by ALS Romania; assays for all other elements were performed by ALS Geochemistry in Ireland (Loughrea). The qualified person has reviewed the quality assurance/quality control data including sample handling, security and analytical procedure, and has no doubt that the reported results were obtained to best industry practices. Samples were chipped from marked places at the gallery walls, immediately bagged, the bags solidly closed and locked away so that no manipulation could occur. At the laboratory, samples were dried, crushed to 70 per cent passing minus two millimetres and a 250-gram split was pulverized to 85 per cent passing 75 micrometres. Samples were analyzed for gold by fire assay of a 30-gram subsample with an atomic absorption spectroscopy finish, and for 33 elements with four-acid digestion and inductively coupled plasma mass spectrometry finish. Standard, blank and duplicate results suggest that the reported data are accurate.

Qualified person

The scientific and technical information in this release has been reviewed, verified and approved by Dr. Martin S. Oczlon, PhD, geology, CEngMIMMM, a consultant to Leading Edge materials and qualified person as defined in Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The QP has reviewed and verified the QA/QC data including sample handling, security and analytical procedure, and has no doubt the reported results have been obtained by the laboratory to best industry practices.

Sample preparation and gold assays were performed by ALS Romania; assays for all other elements were performed by ALS Geochemistry in Ireland (Loughrea).

About Leading Edge Materials Corp.

Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high-growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition toward climate neutrality. The portfolio of projects includes the 100-per-cent-owned Woxna graphite mine (Sweden), Norra Karr heavy rare earth element project (Sweden) and the 51-per-cent-owned Bihor Sud nickel-cobalt exploration alliance (Romania).

We seek Safe Harbor.