Mr. Harry Barr reports

NEW AGE METALS INC. STAKES NEW GOLD-ANTIMONY PROPERTIES IN NEWFOUNDLAND AND LABRADOR

New Age Metals Inc. has successfully map-staked six highly prospective gold-antimony (Au-Sb) properties in Newfoundland and Labrador. This includes five non-contiguous properties adjacent to and along strike of known Au-Sb occurrences in the St. Alban's area of south-central Newfoundland, and one contiguous property along strike of the Beaver Brook antimony mine in north-central Newfoundland.

Highlights

• New Age Metals has successfully map-staked 723 mineral claims, totalling 18,075 hectares of Crown land in Newfoundland and Labrador.
• The newly staked properties are adjacent to and along strike of the Swanger Cove Au-Sb target and Le Pouvoir Au-Sb showing in south-central Newfoundland, and along strike of the Beaver Brook antimony mine, Canada's only primary antimony producer.
• These recently staked properties position New Age for new critical mineral discoveries in areas historically dominated by precious and base metal exploration.
• Au prices are at historic highs and nearing $3,000 (U.S.)/ounce, whereas Sb prices markedly increased in 2024 to approximately $50,000 (U.S.)/tonne and should continue to rise as North America scrambles for sources of this critical metal after China stopped exporting antimony in late 2024.

Harry Barr, chairman and chief executive officer, commented: "We are excited to expand our North American exploration footprint with the staking of these highly prospective gold-antimony properties in Newfoundland. This strategic staking builds on favourable geology along strike of the Swanger's Cove and Le Pouvoir Au-Sb properties and the Beaver Brook mine, reinforcing NAM's commitment to aggressive exploration for critical metals in underexplored areas of Newfoundland and Labrador. Data compilation and target generation efforts are already under way, with field exploration to begin by late spring to early summer 2025. With gold prices at historic highs and antimony recognized as a strategic critical metal, NAM is well positioned to capitalize on these market trends and advance high-grade Au-Sb discoveries. This is an exciting time for NAM, and we look forward to unlocking the potential of these properties through targeted exploration efforts."

These new properties were strategically selected based on their proximity to known Au-Sb mineralization and their location within key lithostructural trends associated with regional faulting and metamorphosed volcano-sedimentary belts. With this acquisition, New Age is well positioned for new critical metal discoveries in one of North America's most prospective and mining-friendly jurisdictions.

New properties on underexplored Au-Sb trends

1. South-central Newfoundland -- Swanger's Cove Le Pouvoir trends.

In south-central Newfoundland, New Age has strategically staked 474 claims covering 14,350 hectares across five non-contiguous properties, targeting two key mineralized trends:

1. Swanger's Cove area: Citadel, Fort, Redoubt properties:
   1. 151 claims (6,275 ha) staked around and along strike of the Swanger's Cove;
   2. Au-Sb target (Canstar Resources Inc.);
   3. The Citadel property fills gaps between Canstar's Swanger's Cove prospect and Antimony Ridge, where historical prospecting samples returned up to 32.2 per cent Sb from semi-massive to massive antimony-bearing veins;
   4. The Fort and Redoubt properties cover the southern extension of the main Golden Baie trend/Day Cove thrust, which is a prominent Au-Sb belt, containing multiple high-grade occurrences. These properties lie within a structurally controlled hydrothermal system, characterized by extensive polymetallic mineral occurrences of pyrite (Py), lead (Pb) and copper (Cu).

1. Le Pouvoir area: Bastion and Rampart properties:
   1. 323 claims (8,075 ha) staked adjacent to and along strike of the Le Pouvoir Au-Sb showing;
   2. The Bastion and Rampart properties cover major crustal-scale fault structures (Day Cove thrust), known to control high-grade orogenic Au-Sb mineralization;
   3. Historical sampling from Le Pouvoir has returned exceptional results, including:
      1. Bedrock assays of up to 74.4 per cent Sb and 24.1 grams per tonne Au;
      2. Channel sample assays of 20.4 to 58.8 per cent Sb;
      3. Drill hole intercepts of 30.6 per cent Sb over one m.

1. North-central Newfoundland -- Beaver Brook antimony trend: Sentinel property.

Approximately 90 km north, New Age has staked 149 claims covering 3,725 ha in a single contiguous called the Sentinel property along the southwest extension of the Beaver Brook mine lithostructural trend.

• Beaver Brook mine was Canada's only primary antimony producer, with a historical resource of 2.2 Mt grading 3.99 per cent Sb at a 1.5 per cent cut-off grade.
• The Sentinel property targets highly prospective structural extensions of known high-grade Sb mineralization.

Moving forward

The addition of these six highly prospective properties to New Age's exploration portfolio presents a significant opportunity for gold-antimony (Au-Sb) discoveries. The company's technical consultants are actively compiling and interpreting data to define high-priority target areas, with field exploration set to commence in summer 2025.

In addition to these recently staked properties, New Age is aggressively assessing more properties in Newfoundland and elsewhere in Canada for potential acquisition.

The company will be attending PDAC 2025, and representatives will be present in booth No. 2223a on Sunday and Monday, March 2 and March 3. Management will be hosting meetings at the company's hospitality suite on Sunday through Wednesday, March 2 to March 5.

Qualified person

Dr. William Stone, PhD, PGeo, New Age's lead geoscience consultant and a qualified person (QP) as defined by National Instrument 43-101 has prepared and approved all the scientific and technical information disclosed in this press release.

About New Age Metals Inc.

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The company has two divisions: a platinum group element (PGE) division and a lithium/rare element division.

The PGE division includes the 100-per-cent-owned, multimillion-ounce, district-scale River Valley project, one of North America's largest undeveloped platinum group element projects, situated 100 kilometres by road east of Sudbury, Ont. In addition to River Valley, New Age Metals owns 100 per cent of the Genesis PGE-Cu-Ni (PGE, copper and nickel) project in Alaska.

The company's lithium division is one of the largest mineral claimholders in the Winnipeg River pegmatite field, where the company is exploring for hard rock lithium and various rare elements, such as tantalum, rubidium and cesium. New Age Metals is developing its lithium division in conjunction with its farm-in/joint venture agreement with Mineral Resources Ltd., one of the worlds largest lithium producers. A budget for May, 2025, to April, 2026, will be submitted to Mineral Resources for approval. On June 17, 2024, New Age Metals announced the participation in the University of Manitoba's sustainable mineral exploration grant for $1.5-million, which will be shared equally with Grid Metals. The University of Manitoba researchers are poised to unlock more sustainable ways to extract mineral resources, thanks to a $1.5-million grant from the Natural Sciences and Engineering Research Council (NSERC). By harnessing the collective expertise of academia, industry and government, New Age Metals can address the complex challenges facing the critical minerals industry and create sustainable solutions for the future.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale.

New Age Metals' philosophy is to be a project generator with the objective of optioning its projects with major and junior mining companies through to production.

The company is actively seeking an option/joint venture partner for its road-accessible Genesis PGE-Cu-Ni project in Alaska.

We seek Safe Harbor.