Mr. Ken Johnson reports

LIPARI ANNOUNCES BOARD APPOINTMENTS

Lipari Mining Ltd. has appointed Rui Mendes Clara as an independent director of the company, effective immediately.

Mr. Mendes Clara is a seasoned legal and strategic adviser with over 15 years of experience in the natural resources sector, including significant exposure to both mining and oil and gas. He has developed deep expertise in Angola, where he has held a number of senior roles across the energy sector. Mr. Clara currently serves as head of strategy and reporting at ETU Energias S.A., an Angolan oil and gas company, where he is responsible for corporate strategy, performance oversight and reporting. Prior to this role, he held progressively senior positions at Angola LNG, including legal adviser and senior contracts compliance specialist, where he advised on large-scale LNG (liquefied natural gas) infrastructure projects, commercial contracts and regulatory compliance.

In addition to his in-country experience in Angola, Mr. Mendes Clara is the founder and managing partner of Clara & Associados -- Sociedade de Advogados, a Lisbon-based law firm, and previously practised law in Portugal, with a focus on corporate, commercial and regulatory matters. His combined legal and operational experience provides strong capabilities in governance, risk management and cross-border transactions.

Mr. Mendes Clara holds a law degree from the Portuguese Catholic University, and has completed several postgraduate programs in commercial, tax and securities law. He also holds an executive MBA from AESE Business School (in partnership with IESE Business School) and is currently a PhD candidate in private law (oil and gas) at NOVA University Lisbon.

Ken Johnson, president and chief executive officer of Lipari, stated: "We are pleased to welcome Rui to the board as an independent director. His extensive experience in Angola and across the mining and oil and gas sectors, together with his strong legal and strategic background, will be highly valuable as the company advances its strategic priorities." The appointment of Mr. Mendes Clara is part of Lipari's continuing efforts to strengthen its corporate governance and enhance the breadth of experience represented on its board of directors.

In addition to the appointment of Mr. Clara, the board of directors has approved the appointment of Mr. Johnson to the board of directors. Mr. Johnson is currently the president and CEO of Lipari.

About Lipari Mining Ltd.

Lipari is a mining and exploration company, with a record of operations at the Brauna diamond mine in Brazil, which produced over 1.2 million carats of natural diamonds over the life of the operation between 2016 and 2025. Lipari is now applying its operational expertise to advance the highly prospective Tchitengo diamond project in Angola, marking the next phase of growth for the company.

Lipari's shares are listed for trading on the Cboe Canada and trade under the symbol LML, and on the Frankfurt Stock Exchange under the symbol 0Y90.

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