Mr. Stephen Stewart reports

METAL ENERGY COMPLETES PHASE 1 REQUIREMENTS FOR NIV PROPERTY OPTION AGREEMENT

Metal Energy Corp. has completed the first phase of the of requirements under the option agreement previously announced on Oct. 23, 2025, and Oct. 28, 2025, respecting the NIV and West NIV exploration properties in north-central British Columbia, by issuing the common shares to the optionor and making the required cash payment in accordance with the terms of the option agreement.

"With this first phase complete, we move NIV one step closer to drilling. We're now focused on bringing forward the value we see in this compelling porphyry target in the Toodoggone district," said Stephen Stewart, chairman of Metal Energy.

The option agreement grants Metal Energy the exclusive right to earn an 80-per-cent undivided interest in the NIV and West NIV properties. As announced on Nov. 19, 2025, the company has also entered into a right of first refusal agreement for the remaining 20 per cent of the properties. NIV is a fully permitted, drill-ready copper-gold-molybdenum project located in British Columbia's prolific Toodoggone district and features extensive, coincident geochemical and geophysical anomalies in a favourable geological setting consistent with large-scale porphyry systems.

Pursuant to the option agreement, Metal Energy has issued 862,708 common shares to the optionor. The shares are subject to a hold period of four months and one day from the date of issuance. The company is completing the initial cash payments in the aggregate amount of $300,000 required under the first phase of the option agreement. The transaction remains subject to final approval from the TSX Venture Exchange.

About Metal Energy Corp.

Metal Energy is a critical metals exploration company focused on copper and gold assets in Canada. The company now controls NIV, a newly acquired, fully permitted and drill-ready copper-gold-molybdenum project located in British Columbia's prolific Toodoggone district, a region known for significant porphyry deposits.

With the addition of NIV, Metal Energy's portfolio now includes three high-potential projects:

• NIV project (Cu-Au-Mo (copper, gold and molybdenum), 100 per cent controlled) -- Toodoggone district, British Columbia;
• Highland Valley project (Cu-Mo-Ag-Au-Re (copper, molybdenum, silver, gold and rhenium), 100 per cent owned) -- British Columbia;
• Manibridge project (Ni-Cu-Co-PGE (nickel, copper, cobalt and platinum group element), 85 per cent owned) -- Manitoba.

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