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February 27, 2026 – TheNewswire - Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to report results from its Phase 2 follow-up exploration program at the Company’s St. Alban’s antimony–gold properties in southern Newfoundland and Labrador.
Phase 2 exploration returned high-grade results , including assays of up to 51.9% antimony (Sb) [Figure 1] and 46.2 g/t gold (Au) [Figure 2], significantly strengthening the structurally controlled Au–Sb mineralizing system first identified during Phase 1 exploration ( see August 27, 2025 news release ).
Phase 2 Highlights
Grab samples returned up to 51.9% Sb (Sample 445127) from the southeastern portion of the Antimony Ridge property (St. Alban’s area)
High-grade gold assays returned up to 46.2 g/t (Sample 214444) and 23.8 g/t (Sample 445126) from grab sampling of quartz veining in the central zone of the Antimony Ridge property
Southeastern zone on the Antimony Ridge property returned 6.53 g/t Au (Sample 441306), 6.42 g/t Au (Sample 260055), and a cluster of –5 g/t Au spatially associated with high-grade Sb
Northwestern corridor on the Antimony Ridge property hosts stibnite-bearing sheeted quartz veins traced for ~400 metres with grades up to 6.57% Sb (Sample 441326) [Figure 3]
A grab sample (Sample 206547) from Antimony Ridge returned 39,215 ppm Zn, 3,672 ppm Pb, 2,927 ppm Cu
Results confirm structurally controlled Au-Sb mineralization along an emerging ~16 km trend
40 additional mineral claims (~1000 hectares) staked , consolidating the trend and capturing the Pardy Head antimony occurrence (Figure 6)
Exploration approvals received for trenching activities on the Antimony Ridge Property for next field season
Final JEA report submitted; potential $71,975 exploration rebate pending acceptance.
Sampled locations are shown in Figures 4 and 5 and a detailed summary of grab sample assay results is provided in the Company’s accompanying Phase 2 Highlights Table 1.
Harry Barr, NAM Chairman and CEO, comments , “Phase 2 has delivered high-grade antimony and gold results that materially upgrade the scale and potential of our project in south-central Newfoundland. The identification of antimony grades exceeding 50% Sb and gold grades up to 46.2 g/t confirms the strength of this emerging mineralized system.
In addition, we have expanded our land position to include the Pardy Head occurrence, secured trenching approvals, and completed additional late season work up until the snow prohibited work in December. This was all done while leveraging provincial support through the Junior Exploration Assistance program. With further assays pending, our technical team continues to develop a stronger understanding of the structural controls of mineralization. We believe that the project is well positioned for drilling next season .”
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Figure 1 : High-grade angular stibnite float sample 445127 from the Antimony Ridge property that graded 51.9% Sb
Regional Context – Emerging Au-Sb Corridor
Phase 2 results further confirm structurally controlled Au–Sb mineralization hosted within quartz veins of the St. Joseph’s Cove Formation.
Mineralization extends along a regional structural trend from Swanger’s Cove, through Antimony Ridge (MODS# 001M/13/Sb 002) and Golden Grit (MODS# 001M/13/Au 015), to the True Grit (MODS# 001M/13/Au 014) occurrence.
This continuity supports district-scale potential along an emerging Au–Sb corridor in the St. Alban’s area. Ongoing work is progressively defining discrete structural zones within this broader trend, allowing the Company to narrow exploration toward specific target areas.
Antimony Ridge – Phase 2 Results
Phase 2 work has defined three distinct mineralized zones within the Antimony Ridge property.
Central High-Grade Gold Zone
The strongest gold mineralization identified to date during Phase 2 occurs within a central structural zone. Grab samples returned:
46.2 g/t Au (Sample 214444)
23.8 g/t Au (Sample 445126)
8.21 g/t Au (Sample 445116)
7.16 g/t Au 2.51% Sb (Sample 445132)
Gold mineralization is hosted within narrow quartz veins that cross-cut the regional foliation and are spatially associated with NNW–SSE-trending fault structures interpreted to represent later brittle deformation.
In contrast, antimony-bearing quartz veining identified elsewhere on the property appears largely foliation-parallel, suggesting that gold mineralization may represent a structurally overprinting event focused along cross-cutting fault zones.
The relationship between foliation-parallel Sb veining and cross-cutting Au-bearing structures highlights the potential for enhanced mineralization at structural intersections, providing clear vectors for continued trenching and drill targeting.
Figure 2: Sample 214444 from a cross-cutting quartz vein on the Antimony Ridge Property
Northwestern Stibnite-Bearing Structural Corridor
The northwestern portion of the property hosts a well-defined structural corridor where the technical team traced multiple parallel to sheeted quartz veins, approximately 10–30 cm wide, exposed in outcrop over approximately 400 metres of strike length.
These quartz veins are oriented sub-parallel to the regional foliation , indicating that antimony mineralization is largely foliation-controlled and developed within a ductile structural fabric of the host rocks.
Sampling from these foliation-parallel sheeted quartz veins returned antimony values up to 6.57% Sb , confirming stibnite-bearing mineralization within a structurally continuous bedrock corridor. The continuity and geometry of this mineralized vein system define a coherent surface target for drill testing.
Figure 3: Sample 441326 from a quartz-stibnite vein on the northwestern target of the Antimony Ridge property
Southeastern High-Grade Antimony Zone
The southeastern portion of the property hosts the highest-grade antimony values identified to date, including over-limit samples grading:
51.9% Sb (Sample 445127)
51.2% Sb (Sample 445128)
Associated gold values include 6.53 g/t Au , 6.42 g/t Au, and a cluster of 4–5 g/t Au results.
The abundance and angular nature of mineralized float, combined with coincident soil anomalies, suggests a proximal bedrock source that has not yet been exposed. This southeastern zone represents a high-priority trenching target for the 2026 field season.
Polymetallic Character of the System
In addition to high-grade gold and antimony, Phase 2 sampling confirmed elevated base- and precious-metal values across multiple properties within the St. Alban’s project area.
Quartz-vein sampling at Antimony Ridge returned up to:
39,215 ppm Zn
3,672 ppm Pb
2,927 ppm Cu
On the Fort Property, Phase 2 sampling returned strongly anomalous lead values, including assays up to 21,937 ppm Pb, confirming that base-metal mineralization occurs beyond the Antimony Ridge corridor.
Notably, Phase 1 exploration at the Fort Property returned even higher-grade lead and high-grade silver values ( see August 27, 2025 news release ), demonstrating continuity of polymetallic mineralization within the broader structural trend.
Elevated Zn, Pb, Cu, Ag, and As values identified during both Phase 1 and Phase 2 programs highlight the presence of a robust polymetallic hydrothermal system active along the regional Au–Sb corridor. The widespread and consistent distribution of this multi-element signature across multiple properties supports the interpretation of a district-scale, structurally controlled mineralizing system.
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Figure 2 : Map Overview of Sb % in Grab Sampling from the St. Alban’s Properties (South-Central, Newfoundland)
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Figure 3 : Map Overview of Au g/t in Grab Sampling from the St. Alban’s Properties (South-Central, Newfoundland)
Land Consolidation – Pardy Head
The Company staked an additional 40 mineral claims (~1,000 hectares), further consolidating the mineralized trend and capturing the Pardy Head antimony occurrence where government mapping confirms stibnite-bearing quartz veins in outcrop.
Figure 4 : Plate 7B (p. 100) of Updated Geology of the St. Alban’s Map Area (NTS 1M/13) (Westhues, 2017) illustrates coarse stibnite hosted within quartz veins at the Pardy Head occurrence.
Sampling Summary
A total of 660 samples have been received from the laboratory to date. These include:
Analytical results for these samples have been reviewed and are currently undergoing internal QA/QC verification by the Company’s technical team.
An additional approximately 200 samples remain either pending final analytical results from the laboratory or pending completion of internal QA/QC review. Results from these samples will be reported once the Company’s verification procedures have been completed.
2026 Exploration Plans
The results herein will be used to refine exploration targeting and support trenching, structural mapping, and drill program planning for 2026 and beyond:
Trenching across the southeastern high-grade Sb zone
Exposing and mapping the central gold-rich structural zone
Continued evaluation and slated diamond drilling of the 400 m stibnite-bearing corridor on the northwestern zone.
Continued exploration along the regional Au-Sb trend
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Table 1 : Assay Highlights returned to Date from Phase 2 Sampling
Click here to access high resolution assay highlights
Notes: n.d. = not determined.
Cautionary Note: Grab rock (outcrop and boulder) samples are selective by nature and are unlikely to represent average grades on the Property. These results are preliminary in nature and not conclusive evidence of the likelihood of the occurrence of a mineral deposit. However, these samples demonstrate significant antimony and gold (and copper, zinc, silver and lead) mineralization potential on portions of the St. Alban’s area properties.
Analytical Methods, Chain of Custody, and Quality Assurance/Quality Control
NAM maintains a rigorous QA/QC protocol for all rock samples collected during the Phase 2 program. Field crews inserted certified reference materials (“CRMs”) and analytical blanks at a rate of approximately one QA/QC sample for every 20 primary samples, ensuring that ~5% of all submitted samples were independent quality control checks. The CRMs were sourced from industry-certified providers and selected to match, as closely as possible, the expected mineralization style and grade ranges. Analytical blanks consisted of barren quartz material used to monitor potential contamination during sample preparation and analysis.
All samples were individually sealed in heavy-duty plastic bags, labelled with unique sample numbers, and placed into rice bags for transport. Field crews maintained continuous possession of the samples until they were securely delivered by Company personnel to the SGS sample preparation facility in Grand Falls–Windsor, Newfoundland. At this facility, the samples were weighed and prepared into pulps in accordance with SGS’s standard procedures before being securely shipped internally to SGS Canada’s Minerals laboratory in Burnaby, British Columbia, for complete assay analysis.
Analytical work included:
Gold (Au): 30-g Fire Assay with Atomic Absorption Spectrometry (“AAS”) finish (GE_FAA30V5)
Gold, Silver (Au Ag Overlimit): Samples returning elevated gold values were re-analyzed by 30 g fire assay with gravimetric finish (GO_FAG37V), where required.
Multi-element Suite: Sodium Peroxide Fusion followed by Induction Coupled Plasma (“ICP”) – Mass Spectrometry (“MS”) and Atomic Emission Spectroscopy (“AAS”) analysis ICP-AES (GE_ICP90A50) and ICP-MS (GE_IMS90A50 ); and
Over-limit Determinations: Over-limit results for antimony (Sb) and lead (Pb) were re-analysed using Na₂O₂ Fusion with ICP-AES (GO_ICP90Q100) or Pyrosulphate Fusion with XRF (GO_XRF70V2) , as appropriate.
Internal laboratory QA/QC procedures at SGS included the insertion and analysis of certified reference materials, analytical blanks, and sample duplicates alongside the submitted samples to monitor analytical accuracy and precision.
Gold and Antimony Market Commentary
Gold has recently traded at record levels, underscoring its role as a global store of value during periods of macroeconomic and geopolitical uncertainty. Spot gold was around US$5,166/oz on February 26, 2026, and Reuters has reported that gold set a record high of US$5,594.82/oz on January 29, 2026. While day-to-day pricing remains sensitive to interest rates, currency movements, and risk sentiment, current levels highlight a constructive environment for gold-focused exploration—though there is no assurance these conditions will continue.
Antimony has also drawn renewed market attention, supported by its importance in industrial applications and increasingly strategic supply-chain considerations. Fastmarkets has noted that antimony prices reached a historical high of US$59,750 per tonne on July 4, 2025 , and while prices have since moderated, they have continued to trade at elevated levels relative to historical norms. Antimony is listed as a critical mineral in Canada and the US due to its importance in industrial and defense applications and increasingly strategic supply-chain considerations.
Qualified Person
Max Kaczmer, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects , and a consultant to New Age Metals Inc., has reviewed and approved the scientific and technical information contained in this news release.
The Qualified Person has reviewed the analytical data, QA/QC protocols, and interpretation presented herein and is satisfied that the sampling and analytical procedures were conducted in accordance with industry standard practices.
The Qualified Person has not completed sufficient work to independently verify historical information related to neighbouring properties referenced in this release. Accordingly, such information should not be relied upon as indicative of mineralization on the Company’s properties. Mineral occurrences, prospects, and deposits on adjacent or nearby properties are not necessarily indicative of mineralization on the Company’s properties.
About NAM
New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of critical green metal projects in North America. The Company has three divisions: a Platinum Group Element division, a Lithium/Rare Metals division, an Antimony-Gold Division as well as an investment in MetalQuest Mining’s (TSXV:MQM | OTC:MQMIF) high purity Lac Otelnuk Iron Project.
The PGM Division includes the 100% owned, multi-million-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, Ontario. In addition to River Valley, NAM owns 100% of the Genesis PGM-Cu-Ni Project in Alaska. Most recent PGM announcement: https://newagemetals.com/new-age-metals-prepares-its-platinum-group-metals-division-to-launch/ .
On January 21 st 2026, the Company recently expanded its Platinum Group Metals portfolio through the acquisition of the Northern Shield PGM Project in Ontario’s Ring of Fire region, strengthening its exposure to district-scale mafic–ultramafic systems prospective for nickel, copper, and platinum group elements.
On February 11, 2026, the Company also acquired the Platreef PGM Project, a platinum group metals–nickel–copper (PGM–Ni–Cu) exploration property located in northwestern Ontario within the prospective Lac des Iles Igneous Complex. The Complex hosts Canada’s only primary palladium-producing operation, owned and operated by Impala Canada Ltd., a wholly owned subsidiary of Impala Platinum Holdings Limited.
The Bonanza Ridge Gold and Critical Metals Project has been significantly expanded with the option agreements for the Lavender Lake and South Gibi Lake properties, adding a combined ~5,216 hectares (~12,889 acres) of prospective ground in the Kenora Gold District of northwestern Ontario. These properties, located about 25 km southeast of Kenora, are strategically positioned along a favourable structural corridor adjacent to NAM’s flagship Bonanza Gold Property, and host known gold and copper occurrences with minimal modern exploration to date. The consolidated portfolio now comprises approximately 8,500 hectares of contiguous land within an emerging gold and critical metals jurisdiction, providing substantial opportunities for follow-up field work, structural modeling, target generation, and future drill campaigns. Recent announcement: https://newagemetals.com/new-age-metals-expands-bonanza-ridge-gold-andcritical-metals-project-strategic-acquisition-oflavender-lake-south-gibi-lake-properties/ .
The Company also holds a 100% interest in the 17,620-hectare Double R Gold Project , located near the Kenora and Rainy River districts of northwestern Ontario. The project is situated within a prospective Archean greenstone belt hosting multiple gold occurrences and past-producing mines. Double R covers a large land position along favourable structural corridors with limited modern exploration, offering significant potential for systematic target generation and drill discovery. Recent announcement: https://newagemetals.com/new-age-metals-acquires-17620-ha-double-r-gold-project-near-the-kenora-and-rainy-river-district-northwestern-ontario/
The Escape East PGM–Ni–Cu Project is a 100%-owned, approximately 4,000-hectare property located in Northwestern Ontario, adjacent to Clean Air Metals’ Thunder Bay North deposits within the Lac des Îles intrusive complex. The project complements New Age Metals’ growing platinum group metals portfolio and is considered prospective for intrusion-hosted PGM, nickel, and copper mineralization based on regional geology and geophysical signatures. The Company plans to advance the project through systematic exploration, including data compilation, target generation, and drill testing.
The Company is establishing a Kenora, Ontario based field operations hub to support exploration activities across Northwestern Ontario and Eastern Manitoba. The proposed facility would provide centralized logistical, technical, and administrative support for regional exploration programs and is expected to improve field efficiency and coordination.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. NAM 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 minimum budget to maintain the Projects has been approved by Mineral Resources Ltd for May 2025 to April 2026. Management is currently working on providing Mineral Resources, a go forward exploration program for spring, summer, and fall 2026.
In April 2024, a $1.5M NSERC Alliance grant was awarded to a collaboration led by the University of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused on advancing Canada’s critical metals sector, with New Age Metals’ portion targeting its Bird River lithium properties. The 2025 work included core sampling and field visits. The project will likely extend beyond the original 3-year term, due to its delayed start. The parties involved in this grant plan to meet over the next 60 days and will announce our plans for 2026 and beyond.
New Age Metals Inc. is supporting a successful $180K Mitacs research grant, awarded in 2023, through its $90K contribution (already accounted for and paid under the Mineral Resources joint venture). This academic partnership with the University of New Brunswick and the University of British Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake–Winnipeg River field. MSc and post-doctoral research programs have recently been completed, and the Company is reviewing the results with the academic institutions to assess how the findings may be incorporated into future exploration programs. This collaboration provides access to top-tier scientific expertise and equipment, significantly reducing analysis costs and adding long-term value to the project.
The Company is actively seeking an option/joint venture partner for our and its road-accessible Genesis PGM-Cu-Ni Project in Alaska and results from our Summer/Fall Program are expected by the end of the year. Recent announcement: https://newagemetals.com/new-age-metals-completes-summer-2025-exploration-program-on-the-genesis-pgm-cu-ni-project-alaska/ .
On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM currently owns approximately 9.63% and holds warrants that, if exercised with today’s issued and outstanding shares of MQM, would bring NAM to a 14.6% interest in MetalQuest Mining inc.
MetalQuest Mining inc. is developing one of North Americas largest iron projects, where approximately $120 million has been spent on the project. For more information, please visit MetalQuestMining.com . High-purity iron became a critical metal Federally in Canada and in the Provinces of Quebec and Newfoundland and Labrador in 2024. In the summer of 2025, MQM contracted AtkinsRealis, an international engineering company, to complete a GAP Analysis on the Lac Otelnuk Project and its 2015 Feasibility Study. Results are expected in Q1 2026.
MetalQuest Mining Inc. (“MQM”) has expanded its presence in the Ontario Ring of Fire through the acquisition of both the ROF-1 Project and the recently announced Fishhook Polymetallic Project. The Fishhook Project further strengthens MetalQuest’s regional footprint, targeting polymetallic mineralization prospective for base and critical metals.
Management is currently aggressively seeking new mineral acquisition opportunities on an international scale . Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production.
Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Farid Mammadov at faridm@newagemetals.com or call 613 659 2773.
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On behalf of the Board of Directors
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
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