Mr. Harry Barr reports

NEW AGE METALS INC. EXPANDS ITS STRATEGIC GOLD-ANTIMONY LAND PACKAGE IN CENTRAL NEWFOUNDLAND

New Age Metals Inc. has successfully map-staked two new prospective gold-antimony (Au-Sb) properties in north-central Newfoundland. These two properties are in addition to one previously staked property along strike of the Beaver Brook antimony mine in north-central Newfoundland and five previously staked properties adjacent to and along strike of known Au-Sb occurrences in the St. Alban's area of south-central Newfoundland.

Highlights

• Expansion of landholdings: New Age Metals has successfully map-staked an additional 42 mineral claims, making up two mineral licences, and covering 1,050 hectares of Crown land in Newfoundland and Labrador.
• Strategic location: These newly acquired properties are situated along the same geological trend as the Beaver Brook antimony mine, Canada's only primary antimony producer, and in close proximity to New Found Gold Corp.'s Queensway South project.
• Total land position: The latest acquisitions increase New Age Metals's total staked land package in Newfoundland to 19,125 hectares (47,266 acres) across eight non-contiguous properties, reinforcing the company's position for new critical mineral discoveries in areas historically dominated by precious and base metal exploration.
• Market opportunity: Au prices are at historic highs of approximately $3,000 (U.S.)/ounce, whereas Sb prices markedly increased from early 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.
• Go forward plan: The company's technical consultants are actively compiling and interpreting geological, geochemical, and geophysical data sets to define high-priority target areas for field follow-up in summer 2025.

Harry Barr, chairman and chief executive officer, commented: "New Age Metals is delighted to secure this additional ground over such a highly prospective area, strategically located along trend from the Beaver Brook Sb mine and adjacent to the Queensway South Au project. Our technical team is diligently reviewing existing data, refining target selections and planning for an aggressive fieldwork program across all eight of our new Au-Sb properties in the summer of 2025. With historically high prices for both gold and antimony, we are eager to advance exploration efforts on our entire land package. The Fastness and Palisade properties will be top priorities for our 2025 summer exploration program, given their strategic location and geological setting."

Two new properties on the underexplored Beaver Brook Sb (Au) trend

1. Fastness property

New Age Metals has strategically staked 29 claims covering 725 hectare, naming it the Fastness property.

This property is located two kilometres east of New Age Metals's previously staked Sentinel property, positioned between the past-producing Beaver Brook Sb mine (approximately four km north) and New Found Gold Corp.'s Queensway South gold project (approximately three km south). Fastness is also situated approximately two km from New Found Gold's Aztec, Hornet and Greenwood Pond targets, where numerous rock samples have returned values ranging from three grams per tonne to greater than 10 g/t Au. Geologically, Fastness lies along the southern extension of the Beaver Brook mine lithostructural trend, an area recognized for its highly prospective structural extensions of known high-grade gold and antimony mineralization.

1. Palisade property

Approximately five km to the west, New Age Metals has staked 13 claims covering 325 hectares and New Age named it the Palisade property. This property is situated two km along trend to the northeast from New Age Metals's previously staked Sentinel property. Generally, Palisade occurs along the southwest extension of the Beaver Brook mine lithostructural trend and targets extensions of known high-grade Sb (Au) mineralization.

Regional significance

The Beaver Brook Sb mine was Canada's only primary antimony producer, with a historical resource of 2.2 Mt (million tonnes) grading 3.99 per cent Sb at a 1.5 per cent cut-off grade (Sandeman et al., 2018).

The Queensway South gold project is the approximately 80 km long southern extension of the highly gold mineralized trend at Queensway North. The project has seen a marked increase in exploration efforts over the past three years (2022 to 2024) totalling 19,980 metres of diamond drilling in 89 holes, 1,200 rock samples and 9,900 soil samples. Recent highlights include:

• Astronaut zone: 19.0 g/t Au over 3.15 metres in drill hole NFGC-QS-22-20;
• Nebula zone: 4.92 g/t Au over 3.05 metres in drill hole NFGC-QS-22-25;
• Camp zone: 1.2 g/t Au over 16.80 metres in drill hole NFGC-QS-24-89 and a 479 g/t Au grab sample from surface.

Moving forward

The addition of the Fastness and Palisade properties to New Age Metals's exploration property portfolio presents a significant opportunity for gold-antimony (Au-Sb) discoveries. The company's technical consultants are actively compiling and interpreting geological, geochemical and geophysical data sets to define high-priority target areas for field follow-up in summer 2025.

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

Qualified person

Dr. William Stone, PhD, PGeo, New Age Metals' lead geoscience consultant and a qualified person (QP) as defined by National Instrument 43-101 has reviewed, 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 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 km by road east of Sudbury, Ont. In addition to River Valley, New Age Metals owns 100 per cent of the Genesis PGE-Cu-Ni property in Alaska.

The company's lithium division is one of the largest mineral claim holders 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. (MinRes), one of the world's 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, the complex challenges facing the critical minerals industry can be addressed to create sustainable solutions for the future.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. The company's 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 River Valley palladium project and its road-accessible Genesis PGE-Cu-Ni property in Alaska.

We seek Safe Harbor.