Mr. Hugh Rogers reports

NEXCEL METALS EXPANDS BURNT HILL TUNGSTEN PROJECT THROUGH ACQUISITION OF STRATEGIC FITZGERALD CLAIMS

Nexcel Metals Corp. has entered into an option agreement to acquire a 100-per-cent interest in a 500-hectare mineral claim package strategically located within the Burnt Hill tungsten project of New Brunswick, referred to as the Fitzgerald claims.

The Fitzgerald claims comprise 25 mineral claim units and occupy a key position immediately north of the Burnt Hill tungsten project. The property is contiguous with several of Nexcel's existing claim blocks, further consolidating the company's footprint of one of Canada's most significant historical tungsten districts.

The acquisition represents an important step in Nexcel's strategy at Burnt Hill. The Fitzgerald claims effectively eliminate a third party inlier claim block within the company's broader area of interest, creating a more cohesive land package surrounding the Burnt Hill and several known mineral occurrences. Management believes this enhanced land position will improve the company's ability to systematically explore, evaluate and advance targets across the project while protecting potential extensions of known mineralized systems.

The Fitzgerald claims were acquired pursuant to an option agreement dated June 21, 2026, between Nexcel Metals Corp. and Roger Fitzgerald. Under the terms of the agreement, Nexcel will earn a 100-per-cent interest in the property upon satisfying the consideration requirements set forth in the agreement. The terms of the agreement are as follows:

Paying optionor an aggregate of $100,000 in cash as follows:

1. $25,000 on or before the date that is seven days after the effective date;
2. $25,000 on or before the date that is 12 months after the effective date;
3. $25,000 on or before the date that is 24 months after the effective date;
4. $25,000 on or before the date that is 36 months after the effective date.

Issuing optionor an aggregate 225,000 shares as follows:

1. 25,000 shares on or before the date that is seven days after the effective date;
2. 25,000 shares on or before the date that is 12 months after the effective date;
3. 25,000 shares on or before the date that is 24 months after the effective date;
4. 150,000 shares on or before the date that is 36 months after the effective date.

The Fitzgerald claims are situated within a region known for tungsten, tin, molybdenum and beryllium mineralization. The property is located in proximity to numerous historical mineral occurrences including Burnt Hill tungsten, Lower Burnt Hill Brook, Clearwater Brook, Molasses Brook and Trout Brook, providing Nexcel with additional exposure to multiple prospective geological trends within the camp.

Hugh Rogers, chief executive officer of Nexcel Metals, stated:

"This acquisition is significant not only because it adds prospective ground to our portfolio, but because it strengthens our footprint over the broader Burnt Hill district. The Fitzgerald claims occupy a strategic position near the centre of our land package and host the historical Tin Hill occurrence. By securing these claims, we have removed a third party landholding from within our area of interest, expanded our exposure to known mineralized trends and further enhanced our ability to pursue a district-scale exploration strategy.

"Historically, many successful mining camps have been built through the consolidation of fragmented land positions surrounding known deposits. We believe the Fitzgerald claims represent exactly that type of opportunity. The acquisition provides greater flexibility for future exploration programs, strengthens our long-term development optionality and increases our exposure to potential new discoveries within the Burnt Hill camp."

The company believes the acquisition is particularly important given the strategic nature of tungsten as a critical mineral. Tungsten is considered essential for numerous industrial, aerospace, defence and advanced manufacturing applications due to its exceptional hardness, density and high-temperature performance characteristics. As governments and industry continue to prioritize secure domestic supply chains for critical minerals, Nexcel believes the Burnt Hill project represents a unique opportunity to advance a Canadian tungsten-focused project in a stable mining jurisdiction.

The company will incorporate the Fitzgerald claims into its ongoing exploration strategy for Burnt Hill, including the compilation of historical geological data, target generation and evaluation of future exploration programs.

Qualified person

Francis R. Newton, PGeo, a consultant to the company and a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About Nexcel Metals Corp.

Nexcel Metals is a Canadian mineral exploration company focused on the acquisition, exploration and development of critical mineral projects in Canada. The company's flagship Burnt Hill tungsten project is located in New Brunswick and encompasses a significant land package within one of Canada's most historically significant tungsten camps. Nexcel's strategy is to advance and expand its critical minerals portfolio through systematic exploration, strategic property acquisitions and the evaluation of development opportunities in stable mining jurisdictions. The company also has the option to acquire a 100-per-cent interest in the Lac Ducharme REE (rare-earth element) project in Quebec.

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