Mr. Nicholas Konkin reports

CHAMPION ELECTRIC ANNOUNCES CLOSING OF SHARES FOR DEBT TRANSACTION

Champion Electric Metals Inc. has completed its previously announced shares-for-debt transaction as originally disclosed in its news release dated March 17, 2026.

Pursuant to the transaction, the company has settled an aggregate of $440,063.68 owed to arm's-length creditors of the company through the issuance of 44,006,638 common shares in the capital of the company at a deemed price of one cent per share.

The shares are subject to applicable Canadian securities laws hold periods, as well as the following contractual vesting and resale restrictions:

• Twenty-five per cent of the total shares vest and are released from restriction on the date which is four months from March 25, 2026.
• An additional 25 per cent of the total shares vest and are released from restriction on the date which is eight months from March 25, 2026.
• An additional 25 per cent of the total shares vest and are released from restriction on the date which is 12 months from March 25, 2026.
• The final 25 per cent of the total shares vest and are released from restriction on the date which is 16 months from March 25, 2026.

About Champion Electric Metals Inc.

Champion Electric is a discovery-focused exploration company with copper, gold and cobalt properties in Idaho, United States. The assets include the 100-per-cent-owned Champagne polymetallic project in Butte county near Arco, Idaho, and the Baner gold project in Idaho county (optioned to Legacy Gold Mines Ltd). The company also retains significant claims in the Idaho cobalt belt. The company's shares trade on the Canadian Securities Exchange under the trading symbol LTHM, on the OTC Markets under the trading symbol CHELF and on the Frankfurt Stock Exchange under the symbol 1QB0.

Champion Electric strives to be a responsible environmental steward, stakeholder and contributing citizen to the local communities where it operates, taking its social licence seriously, and employing local community members and service providers at its operations whenever possible.

We seek Safe Harbor.