Mr. Hugh Rogers reports

NEXCEL METALS INITIATES TENDER PROCESS FOR 2026 DRILL PROGRAM AT THE BURNT HILL TUNGSTEN PROJECT

Nexcel Metals Corp. has initiated the contractor selection process for its inaugural diamond drill program at the company's historic Burnt Hill tungsten project located in New Brunswick, Canada. The company has issued a formal tender to several experienced drilling contractors and is currently soliciting bids for a diamond drilling program targeting approximately 5,000 metres for the initial work.

The drill program is expected to commence in September, 2026, subject to receipt of all necessary permits and customary operational preparations.

The planned program represents a significant milestone in the advancement of the Burnt Hill project, and has been designed to confirm and expand upon the extensive historical tungsten mineralization identified across the property. Drilling will focus on testing known mineralized zones while also conducting stepout and infill drilling aimed at extending the mineralized footprint and improving the company's understanding of the continuity and geometry of the tungsten-bearing system.

The proposed campaign will target areas of historical drilling and mineralization with the objective of validating historical results, advancing the geological model and supporting future resource evaluation work.

CEO commentary

"Following the completion of our airborne geophysical survey, the engagement of technical consultants, and the submission of our drill permit applications, moving into the contractor tender stage marks another important step in advancing Burnt Hill toward drilling," stated Hugh Rogers, chief executive officer of Nexcel Metals. "Based on the historic resource, we believe Burnt Hill hosts significant tungsten potential and this initial drill program targeting approximately 5,000 metres is designed to both confirm historical mineralization and test opportunities to expand the known tungsten system. With tungsten increasingly recognized as a strategic and critical mineral for defence, aerospace and industrial applications, we are excited to position Nexcel for what we expect will be a transformational drilling campaign."

The company recently completed a helicopter-borne geophysical survey over the project and has engaged Condor North Consulting ULC to integrate and interpret the geophysical, geological, and historical exploration data sets. Results from this interpretation by Condor are expected to be delivered imminently and will be incorporated into final drill targeting and program planning.

Burnt Hill is one of North America's historically significant tungsten occurrences and is situated within a mining-friendly jurisdiction with excellent access to infrastructure. The company believes the project offers substantial exploration upside beyond the areas previously tested by historical operators.

Further updates regarding contractor selection, drill targets, permitting and mobilization schedules will be provided as they become 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 below. Also presented below, 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.

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.

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