Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES HOLDINGS IN MANGANESE X ENERGY CORP.

On March 5, 2025, 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, acquired 57,142,857 common shares and 28,571,428 share purchase warrants of Manganese X Energy Corp. pursuant to the automatic conversion of 57,142,857 subscription receipts of Manganese X Energy acquired on Jan. 29, 2025, through a private placement, at 3.5 cents per subscription receipt for total consideration of $2-million. Each whole warrant entitles the holder to acquire one share at six cents until 36 months from the date of issuance.

Prior to the conversion of subscription receipts, Mr. Sprott beneficially did not own or control any securities of Manganese X Energy except for the subscription receipts. Mr. Sprott now beneficially owns 57,142,857 shares and 28,571,428 warrants, representing approximately 26.6 per cent of the outstanding shares on a non-diluted basis and 35.2 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants, thereby requiring the filing of an early warning report.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.