An anonymous director reports

METAL ENERGY APPOINTS CHARLIE GREIG AS CEO

Metal Energy Corp. has appointed geologist Charlie Greig as chief executive officer in a management change that reflects a corporate strategy focused on creating value from British Columbia's Toodoggone region.

Highlights:

• Geologist Charlie Greig (GT Gold, Pretium, American Eagle Gold) appointed as CEO;
• NIV project among British Columbia's most compelling undrilled porphyry copper-gold targets;
• Strategic investments from Centerra Gold (9.9 per cent) and Teck (9.9 per cent);
• Fully permitted, with targets defined and ready for drilling in 2026.

"I am excited to officially step into the role of CEO at Metal Energy, and work alongside the Ore Group to create value from the company's recently acquired NIV project. NIV has the potential to be Toodoggone's newest porphyry discovery, having the right geology and alteration, as well as coincident geochemical and geophysical anomalies. We are fully funded for 2026, having Centerra Gold and Teck as cornerstone investors, and have multiple high-priority targets along a five-kilometre-long trend that we will drill test in 2026," stated Charlie Greig, chief executive officer of Metal Energy.

Mr. Greig brings a distinguished four-decade career in exploration geology, including a key role as vice-president of exploration in the discoveries of GT Gold's Saddle North Cu-Au (copper-gold) porphyry and the Saddle South high-grade gold-silver system, sold to Newmont in 2021 for $400-million. His extensive record includes work, principally geologic mapping, on producing and advanced-stage projects such as Brucejack (Pretium-Newmont), Bisha (Nevsun Resources), La India (Grayd Minerals-Agnico Eagle) and Alamo Dorado (Corner Bay-Pan American Silver), but also includes work in a wide range of roles across the spectrum of hard rock exploration and. Currently, Mr. Greig serves as lead technical adviser for American Eagle Gold's (AE: TSX Venture Exchange) on its NAK copper-gold porphyry project near Smithers, B.C., which is being explored in partnership with Teck Resources and South32. Mr. Greig also serves as executive chairman of Evergold (EVER: TSX-V), a Toodoggone, B.C.-focused, gold-silver exploration company.

Metal Energy and its team sincerely thanks former CEO James Sykes for his leadership, contributions and continued support during this management transition.

Backed by Centerra Gold and Teck: fully financed for 2026

On Dec. 17, 2025, Metal Energy welcomed Centerra Gold Inc. and Teck Resources Ltd. as cornerstone investors, closing a $9.25-million financing that will see the company's 2026 exploration season fully financed.

Teck and Centerra each now hold 9.9 per cent of the company's issued and outstanding common shares -- an investment made without the company having drilled a single hole at NIV. This is a testament to the quality of targets at NIV, which host strong, coincident geophysical and geochemical anomalies spanning a over five kilometres of strike length.

2026 exploration program

The company will soon announce its plans, detailing the highest-priority drill targets at the NIV property and the program designed to systematically test them.

NIV property overview

The NIV property spans more than 12,500 hectares across two claim blocks -- NIV (1,048 ha) and West NIV (11,500 ha) -- located approximately 32 kilometres south of Centerra Gold's Kemess mine complex. Exploration was first recorded in the 1960s, but modern, extensive and systematic work began only in 2010 when the underlying rightsholders first staked the ground. Subsequent programs between 2016 and 2024 revealed:

• Strongly anomalous soil geochemistry: copper (greater than 300 parts per million), gold (greater than 200 ppb) and molybdenum (greater than 12 ppm) over a strike length of over five km.
• Geological mapping that suggested the presence of porphyry dikes and associated alteration closely associated with the anomalous soil geochemistry.
• Coincident Induced Polarization (IP) chargeability and resistivity anomalies from both shallow- and deep-looking surveys that align with the anomalous geochemistry and geological trends, as well as with an extensive magnetic low evident in airborne geophysical surveys that is punctuated by local magnetic highs.
• Features in additional geophysical surveys (that is, MobileMT) and technical studies (that is, geochronology) that support to the presence of a porphyry copper-gold system of the appropriate age and scale.
• Presence immediately east on the adjacent East Niv property of Northwest Copper Corp., of a recently (2021) discovered copper-gold porphyry system, where drilling intersected up to 81.6 metres grading 0.41 per cent Cu, 0.20 gram per tonne Au and 0.9 g/t Ag from surface.

About Metal Energy Corp.

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

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

• NIV project (Cu-Au-Mo, 100 per cent controlled) -- Toodoggone district, British Columbia;
• Highland Valley project (Cu-Mo-Ag-Au-Re, 100 per cent owned) -- British Columbia;
• Manibridge project (Ni-Cu-Co-PGE, 85 per cent owned) -- Manitoba.

QP (qualified person) statement

The technical information contained in this news release has been reviewed and approved by Roy Greig, PhD, PGeo, an independent and qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.