Mr. Charlie Greig reports

METAL ENERGY MOBILIZES SECOND DRILL RIG TO ACCELERATE DRILLING AT ITS NIV COPPER-GOLD PROJECT

A second diamond drill rig has been mobilized to, and is now drilling at, Metal Energy Corp.'s NIV copper-gold project in the Toodoggone district of British Columbia.

Highlights:

• Second diamond drill rig now turning at the NIV copper-gold project in British Columbia's Toodoggone district, doubling drilling capacity for the remaining approximately four weeks of the 2026 season.
• Six holes totalling approximately 4,200 metres already completed toward the planned 6,000 metres, with the program on schedule and the flexibility to drill more this season.
• Added rig will accelerate follow-up drilling on the program's most promising holes and targets, and more fully test the five-kilometre strike length of the NIV system.
• A more complete drill test this season positions the company for an expanded drill program at NIV in 2027; assay results to be released as received, reviewed, compiled and interpreted.

Drilling is proceeding on schedule, and the company now has an additional rig to maximize the metres it can complete during the drill season and to accelerate follow-up drilling on its most promising holes and targets. Six holes totalling approximately 4,200 metres have been completed in the program to date.

"The second rig lets us follow up on our best holes, more fully test the impressive five km length of the NIV system, and put as many metres into the ground as possible this season," said Charlie Greig, chief executive officer of Metal Energy. "It will also allow for a more thorough drill test and set Metal Energy up well for an expanded program at NIV in 2027."

Assay results will be released as they are received, reviewed, compiled and interpreted.

Qualified person

The technical information contained in this news release has been reviewed and approved by C.J. "Charlie" Greig, PGeo, chief executive officer of Metal Energy, and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Greig is not independent of the company.

About Metal Energy Corp.

Metal Energy is a critical metals exploration company focused on copper and gold assets in Canada. The company's flagship asset, NIV, is a fully permitted and drill-ready copper-gold-molybdenum project located in British Columbia's prolific Toodoggone district, a region known for both significant porphyry copper-gold and epithermal gold-silver deposits. Drilling at NIV commenced on June 29, 2026, marking the start of a 6,000-metre program at what the company considers to be one of the most prospective undrilled copper-gold porphyry projects in British Columbia. This 2026 program is the first-ever drill campaign at NIV, which hosts extensive and coincident soil geochemical, induced polarization (IP) and airborne magnetic anomalies, all in a favourable geological setting. The company's Highland Valley project is a second permitted, drill-ready asset, offering investors additional discovery upside and further exposure to copper.

Metal Energy is supported by two major mining companies, each a 9.9-per-cent strategic investor, giving the company a treasury of over $9-million and leaving it fully financed for its 2026 exploration programs.

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