Mr. Spencer Huh reports

NEO BATTERY APPOINTS 4-STAR GENERAL CHANG-JUN KO, FORMER SOUTH KOREAN ARMY CHIEF OF STAFF, TO ITS BOARD OF DIRECTORS

Neo Battery Materials Ltd. has appointed four-star Gen. (retired) Chang-Jun Ko to its board of directors as an independent director, strengthening the company's strategic integration with South Korea's defence sector and government stakeholders.

Gen. Ko is a highly respected senior military leader of the Republic of Korea Army, having most recently served as acting chief of staff of the ROK Army and as the 46th Commander of the Second Operational Command. Over a 36-year distinguished military career, he has held multiple senior command and leadership roles overseeing complex defence operations, force readiness and large-scale military organizations across the Korean peninsula.

The appointment reflects Neo's focus on expanding its engagement within South Korea's defence and national security ecosystem as the company advances high performance battery technologies for drones, unmanned systems and defence-related technology applications. Gen. Ko brings deep expertise in field use requirements and procurement protocols within the ROK Army and the Ministry of National Defence, including active relationships across defence, government and relevant public sector organizations.

As a board member, Gen. Ko will provide strategic and operational guidance on defence sector engagement and effective pathways for navigating Korea's military procurement and acquisition process. His experience and insights are expected to support Neo's effort to align battery performance, quality and costs with the standards required for military and government use.

Gen. Ko expressed: "I am greatly pleased and excited to join Neo Battery Materials at a time when high performance battery and energy technologies are becoming vital to defence drone and physical AI systems. Neo's competitive edge in providing a customized battery solution using the domestic supply chain opens a key growth and development opportunity in addressing the critical battery supply deficit concern in South Korea, the United States and all relevant Western governments. I look forward to supporting the company as it deepens its engagement with Korea's defence ecosystem and advances battery solutions suited for military operational environments."

Appointment of Target IR & Communications

Neo is also pleased to enter into an investor relations agreement with 260814 Ontario Inc. (doing business as Target IR & Communications) for investor relations and communications services to increase the company's visibility within the Canadian capital markets and to streamline overall corporate messaging, IR planning and investor outreach, in addition to supporting digital marketing initiatives. Under the terms of the agreement, effective Feb. 9, 2026, Target IR will receive a monthly service fee of $8,500 (plus applicable taxes) for an initial term of six months, with the option to renew on a quarterly basis thereafter. Target IR is at arm's-length relationship with the company, and does not have any direct or indirect interest in the company or its securities. Target IR's principal, Salisha Ilyas, currently owns 51,000 common shares of the company. The company will not issue any securities to Target IR or its principal as compensation.

Based in Toronto, Target IR is a strategic IR firm serving growing and emerging publicly listed companies, with over 35 years of combined experience working alongside technology, mining and health care clients. With Toronto Stock Exchange/TSX Venture Exchange, New York Stock Exchange and London Stock Exchange experience, the firm's dedicated team leverages its deep IR, strategic communications and capital market expertise to plan and execute pro-active investor relations programs.

The agreement is subject to the approval of the TSX Venture Exchange.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian battery technology company focused on developing and producing silicon-enhanced lithium-ion batteries in drones, unmanned aerial vehicles, robotics, unmanned systems, electronics, electric vehicles and energy storage systems for artificial intelligence data centres. With a patent-protected, low-cost manufacturing process, Neo Battery enables longer-running and ultrafast-charging batteries, and provides end-to-end battery solutions from material selection, cell architecture and process optimization. The company aims to be a globally leading producer of high performance lithium-ion-battery components and materials, building a secure, robust battery supply chain in North America.

We seek Safe Harbor.