Mr. Koby Kushner reports

LIBRA ANNOUNCES FILING OF AMENDED AND RESTATED OFFERING DOCUMENT

Further to the news release dated Aug. 28, 2026, Libra Energy Materials Inc. has filed an amended and restated offering document in connection with its previously announced listed issuer financing exemption offering. The LIFE offering is being conducted in reliance on Part 5A.2 of National Instrument 45-106 (Prospectus Exemptions) as modified by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption).

The amended offering document: (i) corrects the date referred to in the certificate from April 29, 2026, to Sept. 4, 2025; (ii) updates the closing price of the company's shares on the Canadian Securities Exchange, the OTCQB and Frankfurt exchange; (iii) expands the company's right to increase the size of the LIFE offering to raise up to $1.8-million; and (iv) clarifies the available funds for working capital and use of proceeds, including any payments to insiders.

To clarify, the LIFE offering currently consists of aggregate gross proceeds of $700,000 composed of (i) five million common shares of the company at a price of 10 cents per HD share, for gross proceeds of $500,000; and (ii) 1,538,462 common shares of the company that qualify as critical flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) at a price of 13 cents per CMETC FT share for gross proceeds of $200,000. The company reserves the right to increase the size of the LIFE offering up to $1.8-million to provide for the issuance of up to: (i) 15 million HD shares at a price of 10 cents per HD share, for gross proceeds of $1.5-million; and (ii) 2,307,692 CMETC FT shares at a price of 13 cents per CMETC FT share, for gross proceeds of $300,000.

All other terms of the LIFE offering remain as previously disclosed, except as amended by the amended offering document. The LIFE offering remains subject to certain conditions customary for transactions of this nature, include approval of the CSE.

The amended offering document is available under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the amended offering document before making an investment decision.

About Libra Energy Materials Inc.

Libra is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Quebec, located adjacent to Q2 Metals' Cisco deposit -- the largest hardrock lithium deposit in the western hemisphere. Libra's Flanders North, Flanders South and SBC lithium projects in Ontario are being explored under a $33-million earn-in deal with Kobold Metals Co. In addition, Libra holds a broader portfolio of battery metal projects across Canada and Brazil. The Libra team comprises a mix of seasoned executives, engineers and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and first nations engagement.

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