Mr. Harry Barr reports

NEW AGE METALS COMMENCES 2026 FIELDWORK ON NEWFOUNDLAND AU-SB PORTFOLIO; TRENCHING under wAY AT ANTIMONY RIDGE-GOLDEN GRIT, AND LARGE TDEM CONDUCTOR IDENTIFIED ALONG STRIKE OF THE BEAVER BROOK SB MINE

New Age Metals Inc. has commenced 2026 field activities across its Newfoundland gold-antimony (Au-Sb) portfolio in the St. Alban's-Bay d'Espoir area of south-central Newfoundland and Labrador. Fieldwork is spearheaded by trenching and channel sampling on the Antimony Ridge-Golden Grit property, building directly on the high-grade phase 1 and phase 2 results reported last season (see Aug. 27, 2025, and Feb. 27, 2026, news releases).

In parallel, the company has staked a new mineral licence -- the Citadel extension -- along trend of Antimony Ridge and adjacent to Newfound Gold Corp.'s Golden Grit ground, and has received the final processed data set from the late-2025 Xcite helicopter-borne TDEM and lidar (light detection and ranging) survey, which has identified a large conductive trend extending along strike from the historic Beaver Brook Sb (antimony) mine.

2026 program highlights

• Trenching and channel sampling under way at Antimony Ridge-Golden Grit, targeting zones that returned up to 51.2 per cent Sb and 6.53 g/t (grams per tonne) Au in float, up to 46.2 g/t Au from quartz veins, and up to 6.57 per cent Sb from stibnite-quartz veins during phase 1 and phase 2;
• Full suite of trenches and access trails permitted; preparatory work including tree and brush clearing has been completed, and excavation is proceeding in a priority sequence;
• Historical data integration: New Age's high-grade zones are spatially coincident with historical (1991) results including a 1,200 m by 50 m quartz-stibnite boulder train, up to 16.5 g/t Au from historical trenching and anomalous gold in till of up to 374 grains (358 pristine) (NFLD/2164);
• New Citadel extension claim staked along strike of Antimony Ridge and adjacent to Newfound Gold Corp.'s True Grit project; a regional 500 m by 500 m till sampling grid is planned to assess prospectivity;
• Xcite TDEM plus lidar survey data received; a large conductive trend extending along strike from Canada's only historical primary antimony producer (Beaver Brook) has been identified as a priority target;
• Soil geochemistry lines proposed over the TDEM conductor; this program has been approved for a Junior Exploration Assistance (JEA) grant, which would cover a portion of eligible incurred exploration costs.

Harry Barr, New Age chairman and chief executive officer, comments: "We are very pleased to be back in the field on our Newfoundland Au-Sb portfolio following our inaugural season where our first two phases delivered consistent superior results as referenced in the press release linked [in the original version of this news release]. Receiving full permitting for our trenches and access trails, and completing the site preparation, were significant milestones -- our crews have cleared the ground and we are now excavating on a prioritized basis to extract maximum value from the most prospective targets. We are equally excited by the Xcite TDEM results near the Beaver Brook mine and by the staking of the Citadel extension. With grant support behind our soil program and our highest-priority trenches now being excavated, we are advancing this portfolio efficiently and look forward to sharing results throughout the season."

Trenching and channel sampling -- Antimony Ridge-Golden Grit

The company's 2026 program is centred on the Antimony Ridge-Golden Grit property in the St. Alban's-Bay d'Espoir area. The full suite of trenches and supporting access trails has been permitted , and the company has completed the necessary preparatory work, including tree and brush clearing along the permitted trail and trench network. With site preparation complete, the company has commenced mechanically assisted excavation and intends to advance the trenches in a priority sequence, focusing first on the highest-ranked targets and excavating as conditions and resources allow. The company does not intend to complete every permitted trench this season; rather, the permitting and preparation provide the flexibility to pursue the most prospective zones efficiently.

Trenching is designed to expose fresh bedrock across the principal mineralized zones defined during phase 1 and phase 2:

• Southeastern high-grade antimony-gold zone: grab and float samples returned up to 51.2 per cent Sb and 6.53 g/t Au, with coincident soil anomalies suggesting a proximal, unexposed bedrock source;
• Central High-Grade Gold zone: cross-cutting quartz veins returned up to 46.2 g/t Au, interpreted to be hosted along brittle fault structures that overprint the regional foliation;
• Stibnite-bearing quartz vein corridor: sheeted stibnite-quartz veins returned up to 6.57 per cent Sb, traced over the northwestern part of the property and coincident with the historical quartz-stibnite boulder train.

Channel sampling will be conducted across exposed prospective bedrock, and results will be reported as they are received and verified through the company's QA/QC program.

The company's current targets are spatially coincident with historical results documented in government of Newfoundland and Labrador assessment file NFLD/2164 (Pickett, 1991), which covered this ground under the New Age Golden Grit, including the area historically referred to as Antimony Ridge.

Historical work in the area documented a 1,200 m by 50 m quartz-stibnite boulder train coincident with anomalous antimony in soils, up to 16.5 g/t Au from historical trenching, and anomalous gold-in-till counts of up to 374 grains (358 pristine) over a roughly one-kilometre-wide area in which no outcrop was identified -- supporting the interpretation.

These historical results are presented for context only; the qualified person has not independently verified them and they should not be relied upon as indicative of mineralization on the company's property).

New Citadel extension claim and regional till sampling

The company has staked a new mineral license, the Citadel extension, capturing ground along the strike of the Antimony Ridge-Golden Grit property and directly adjacent to Newfound Gold Corp.'s True Grit project. The new claim is positioned within the same regional structural and stratigraphic corridor that hosts the company's known stibnite and gold mineralization, and that hosts the historical True Grit gold showing on the adjacent property to the east.

On the neighbouring Newfound gold property, the historical True Grit gold showing (Newfoundland and Labrador mineral occurrence database system occurrence 001M/13/Au 014) was drill tested by Cornerstone Capital Resources Inc. and Moydow Mines in 2003. The best reported intersection, from hole TG-4, returned 0.6 g/t Au over 117 m, including 26 m grading 0.83 g/t Au, within a broad (approximately 2,600 m by 800 m) coincident gold-arsenic-antimony soil geochemical anomaly (Cornerstone Capital Resources Inc. news release dated Aug. 27, 2003).

These are historical results from an adjacent property; they are not located on the company's Citadel extension claim, have not been verified by the qualified person and are not necessarily indicative of mineralization on the company's ground. They are presented to illustrate the demonstrated gold endowment and exploration potential of the regional structural corridor along which the Citadel extension is staked.

The company plans to complete a regional 500 m by 500 m spaced till sampling grid over the Citadel extension to assess its prospectivity. Till geochemistry is an established and cost-effective reconnaissance tool in Newfoundland that can detect geochemical and indicator-mineral signatures derived from bedrock sources beneath surficial cover, allowing the company to efficiently prioritize the new ground for follow-up exploration.

Xcite TDEM and lidar survey -- Beaver Brook corridor priority target

Survey results

The company has received the final processed data set from the Xcite helicopter-borne time-domain electromagnetic (TDEM) and lidar survey completed late in the 2025 field season over its Sentinel property in central Newfoundland. Interpretation has identified a large conductive trend extending along strike from the historic Beaver Brook Sb mine, which the company considers a priority exploration target warranting systematic follow-up. Given the southwesterly plunge of the Beaver Brook ore shoot, the conductor is interpreted to lie along strike of, and possibly down plunge from, the mineralized structural corridor.

The Beaver Brook Sb mine is Canada's only historical primary antimony producer, reported in historical literature to have hosted a resource of 2.2 million tonnes grading 3.99 per cent Sb at a 1.5-per-cent cut-off grade (Sandeman et al., 2018; Morrissy and House, 1998).

The mine's East zone deposit consists of epithermal, fracture-controlled stibnite-quartz mineralization disposed along a ~065degree-trending, steeply southeast-dipping fault system interpreted as a D1 thrust fault, with the ore shoot interpreted to plunge approximately 58 to 65 degrees toward the southwest along this surface (Sandeman et al., 2018; Lake and Wilton, 2006).

Critically, thick fluvioglacial overburden averaging 7.7 m (and ranging up to 29.2 m) has historically limited bedrock exposure across the property, and the East zone deposit itself was discovered through soil geochemistry over a geophysical anomaly rather than through outcrop (Sandeman et al., 2018) -- a direct precedent for the company's proposed approach.

Significance of the TDEM conductor

The company interprets the large conductor identified in the Xcite data set as being consistent with the along-strike projection of the structural corridor that hosts the Beaver Brook East zone deposit; given that the Beaver Brook ore shoot is interpreted to plunge approximately 58 to 65 degrees toward the southwest (Sandeman et al., 2018), the conductor may also represent a down-plunge extension of that mineralized system.

The corridor is marked by graphitic black shale horizons developed along thrust planes, locally associated with stibnite, pyrite and arsenopyrite (Sandeman et al., 2018). Both the graphitic horizons and any associated sulphide mineralization are capable of producing strong electromagnetic responses, and the company's proposed soil geochemistry program is designed to discriminate between barren conductors and zones of coincident Au-Sb mineralization.

Notably, Sandeman et al. (2018) recommended detailed geophysical methods (including aeromagnetic surveys) combined with multielement soil geochemistry to delineate further mineralization along this trend and highlighted significant underexplored gold potential (for example, a historical drill intercept of 7.01 per cent Sb with 6.3 g/t Au over 5.05 m near the Central zone).

Proposed follow-up program

To evaluate the conductor, the company proposes to complete soil geochemistry lines across the conductive corridor, targeting a multielement pathfinder suite (including Sb, As, Au, Pb, Zn, W, Mo, Hg, Bi and Ag) to identify anomalies coincident with the geophysical response. Areas of coherent geophysical and geochemical response will be prioritized for follow-up prospecting/mapping, trenching and potential drill targeting. This proposed soil sampling program has been approved for a Junior Exploration Assistance (JEA) grant from the government of Newfoundland and Labrador, which would cover a portion of eligible incurred exploration expenditures.

Qualified person

Max Kaczmer, PGeo (PEGNL licence No. 12209), a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical content of this news release. Max Kaczmer is a geoscience consultant to the company and is not independent of the company within the meaning of NI 43-101, as he holds securities of the company acquired through the company's private placement.

The historical results referenced from NFLD/2164 (Pickett, 1991), Lake and Wilton (2006), Sandeman et al. (2018), and Morrissy and House (1998), as well as the adjacent-property results from the True Grit gold showing (MODS occurrence 001M/13/Au 014; Cornerstone Capital Resources Inc. news release dated Aug. 27, 2003), are drawn from publicly available government geological survey and assessment reports, the provincial MODS database, and a historical operator news release.

The Qualified person has not completed sufficient work to independently verify this historical information, including historical resource estimates and drill or trench results from the Beaver Brook mine, the True Grit showing, and other adjacent or nearby properties, and it is not compliant with current NI 43-101 standards. The True Grit drill results are from an adjacent property and are not located on the company's claims. This information is presented as relevant geological and exploration context and should not be relied upon as indicative of mineralization on the company's properties.

About New Age Metals Inc.

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 high-purity Lac Otelnuk iron project.

The PGM 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 owns 100 per cent of the Genesis PGM-Cu-Ni project in Alaska.

On Jan. 21, 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 Feb. 26, 2026, the company also acquired the Platreef PGM and Escape East PGM projects, both platinum group metals-nickel-copper (PGM-Ni-Cu) exploration properties located in Northwestern Ontario within and nearby 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 Ltd.

New Age Metals' antimony-gold division is located in Newfoundland and comprises a 20,950-hectare land package across 11 non-contiguous properties. Six of these properties are situated in the St. Alban's area, along Canstar's Swanger and Little River mineralized trends. The remaining five properties are strategically positioned along the same regional geological trend as the past-producing Beaver Brook antimony mine and are also located near New Found Gold's Queensway South gold project.

Management completed two phases on the project to date. The phase 2 program successfully delineated multiple gold-antimony (Au-Sb) trends, and the company is currently planning follow-up exploration while awaiting additional assay results. These results were used to guide exploration targeting and program planning for 2026.

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 approximately 5,216 hectares (approximately 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 New Age'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 fieldwork, structural modelling, target generation and future drill campaigns.

We seek Safe Harbor.