Mr. Hugh Rogers reports

NEXCEL METALS SUBMITS APPLICATION FOR DRILL PERMITS FOR INITIAL 2026 DRILL PROGRAM AT THE BURNT HILL TUNGSTEN PROJECT, NEW BRUNSWICK

Nexcel Metals Corp. has submitted applications for drill permits for its initial diamond drill program at the company's Burnt Hill tungsten project located in New Brunswick.

The proposed phase 1 drill program is designed to confirm historical drilling and advance the company's objective of re-establishing a current mineral resource at Burnt Hill. The initial program is expected to consist of approximately 15 drill holes totaling roughly 5,000 metres, with planned drill collar locations situated throughout the historically known mineralized area.

The company's drill permit applications include proposed drill pad locations that were selected based on historical drilling completed by previous operators at Burnt Hill. Nexcel intends to twin select historical drill holes to validate historical tungsten mineralization while also evaluating the potential extension of known mineralized zones through stepout drilling.

In preparation for the planned drill program, Nexcel recently completed an airborne time-domain electromagnetic (TDEM) and magnetic survey over the Burnt Hill project which was completed by Xcalibur MPH Ltd. The survey was designed to identify conductive structures associated with tungsten mineralization and related intrusive systems. Condor North Consulting ULC has since been engaged to processing, interpret and analyze of the airborne geophysical data collected by Xcalibur, alongside historical geological and geophysical data sets from the Burnt Hill project. Final processed results from Condor are anticipated shortly and will be used to assist with the refinement and prioritization of final drill targets.

The Burnt Hill project hosts a historically significant tungsten deposit and benefits from extensive historical exploration and development work, including historical drilling, underground development and past production. Nexcel believes the project represents a strategically important North American tungsten asset at a time when global supply chains for critical minerals continue to face increasing geopolitical pressure.

"We are very pleased to have formally submitted the drill permit applications for our initial drill program at Burnt Hill," stated Hugh Rogers of Nexcel Metals. "This represents another important milestone in advancing the project. Our initial focus is on confirming historical drill data and utilizing modern exploration and geophysical techniques to better define and expand the historically known mineralization."

The planned drill collar locations cover multiple target areas across the Burnt Hill property and are accessible utilizing existing historical access trails and infrastructure within the project area.

The company will provide further updates as the permitting process advances and additional technical data from the airborne geophysical survey becomes available.

About the Burnt Hill tungsten project

The Burnt Hill tungsten/molybdenum property covers approximately 8,046 hectares in central New Brunswick and hosts a National Instrument 43-101 indicated resource of 1,761,000 tonnes within an open pit and underground averaging 0.292 per cent WO3, 0.007 per cent MoS2 and 0.008 per cent SnO2, along with a further 1.52 million inferred tonnes averaging 0.263 per cent WO3, 0.008 per cent MoS2 and 0.005 per cent SnO2, as presented in the attached table. Also presented, extracted from the 2013 resource report, is a statement of contained metal. In addition to the deposit area of the property, there are several other areas of identified tin, tungsten and molybdenum mineralization within the property boundary not yet at the resource stage.

The contained metal represented by this resource statement after converting the metal compound to contained metal equivalents for the respective metal compounds is as shown in the attached table.

About Nexcel Metals Corp.

Nexcel Metals is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on the Lac Ducharme project located in the province of Quebec and the Burnt Hill project located in the province of New Brunswick.

Qualified person

Francis Newton, PGeo, a consultant of the company and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed, verified, and approved the scientific and technical information contained in this news release. Mr. Newton is not independent of the company.

We seek Safe Harbor.