Mr. Kurt Budge reports

LEADING EDGE MATERIALS FILES CPR FOR BIHOR SUD POLYMETALLIC EXPLORATION PROJECT, ROMANIA

Leading Edge Materials Corp.'s competent person's report (CPR) for the Bihor Sud polymetallic exploration project in Romania has been filed on SEDAR+.

Addison Mining Services Ltd. (AMS, the consultant) was commissioned to prepare a CPR and independent assessment of Bihor Sud.

The reporting and interpretation of exploration data undertaken as part of the study have been prepared in accordance with the Canadian Institute of Mining (CIM) Definition Standards on Mineral Resources and Reserves and reported in accordance with the National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

In accordance with NI 43-101 and CIM Definition Standards, Bihor Sud represents an early stage exploration project, prospective for replacement-type, stratiform/stratabound, with U-Ni-Cu-Co-Pb-Zn-Bi-Ag-As mineralization.

The CPR includes a data review of the main target commodities of copper, lead and nickel (and accessory cobalt and zinc) (and cursory observations on the project's uranium potential) data support, rationale and validity of target definition.

The CPR is based on desktop study and the QP's site visit in September, 2025.

Bihor Sud -- 2025 exploration campaign

On Feb. 2, 2026, the company published a detailed update of last year's exploration results.

• Mapping and sampling data reveal extensive mineralization, notably in the form uranium oxide associated with jasperoid silicification; polymetallic (copper (Cu), cobalt (Co), nickel (Ni), lead (Pb) and zinc (Zn)) sulphides hosted in silica-carbonate rocks (including uranium occurrences); and crystalline carbonate (limestone) exhibiting disseminated and stockwork-style sulphide mineralization. Supergene enrichment phases, such as erythrite and annabergite, further characterize the mineralogical diversity of the licence area.
• Notably, massive sulphide mineralization is present at the Valea Leucii, Dibarz and Avram Iancu prospects, with a possibility that these occurrences are interconnected, forming part of a broader mineral system. Moreover, historical prospecting rock chip data reported evidence of widespread and pervasive uranium, base and precious metal mineralization with anomalous grades of up to 28 per cent Ni, greater than 6 per cent Co, greater than three parts per million gold (Au), with one sample returning 17.75 ppm Au, and for uranium.
• The Bihor Sud licence possesses a diverse and lengthy mining history, and despite considerable historical extraction, the potential for a profitable, modern mining operation likely remains, with significant areas of mineralization observed underground in Valea Leucii, Dibarz and Avram Iancu, and potential across the wider exploration licence.

Kurt Budge, chief executive officer, comments:

"Filing the CPR for Bihor Sud marks a meaningful milestone -- one that quantifies the progress we've made and sharpens our focus on unlocking the potential we believe exists in the Avram Iancu former mining area.

"With safe access to the underground galleries now confirmed, we are finalizing a targeted exploration work plan for our geology team.

"Across Bihor Sud, our strategy centres on identifying thicker, continuous mineralized lodes and high-priority feeder structures capable of hosting significant resources -- a thesis well supported by comparable deposits in the region, including Cavnic, Suior and Rosia Montana.

"The CPR completion is designed to serve a clear purpose: providing the credible foundation needed to attract new investment directly into the project."

Qualified person's statement and technical sign off

The technical information in this announcement, which relates to the LEM Bihor Sud project, Romania, is based upon and fairly represents technical information and data reviewed by independent consultant Lewis Harvey, MSc, MAIG, principal geologist for Addison Mining Services.

Mr. Harvey has affiliation to a professional organization, sufficient experience relevant to the style of mineralization, the type of deposit under consideration and the activity undertaken to qualify as a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

The technical information in this announcement is also in accordance with the CIM Definition Standards on Mineral Resources and Reserves and reported in accordance with the National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

Mr. Harvey has reviewed and verified the technical information that forms the basis of and has been used in the preparation of this announcement, including all sampling and analytical data, and analytical techniques where applicable.

Mr. Harvey consents to and has approved the inclusion in this announcement of the matters based on the information in the form and context in which it appears.

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 lithium-ion batteries and permanent magnets for electric motors, wind turbines and defence applications. The company's portfolio of projects includes the 100-per-cent-owned Woxna graphite mine (Sweden), 100-per-cent-owned Norra Karr heavy rare-earth elements project (Sweden) and the 51-per-cent-owned Bihor Sud nickel cobalt exploration alliance (Romania).

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