Mr. Hugh Rogers reports

NEXCEL ANNOUNCES MINERAL CLAIMS PURCHASE AGREEMENT WITH NORTHEX

Nexcel Metals Corp. has entered into a mineral claims purchase agreement with Northex Capital Partners Inc., an arm's-length party to the company, to acquire a 100-per-cent interest in a package of 180 mineral claims registered under the Mining Act (New Brunswick) covering an area of 3,994 hectares located in York county, New Brunswick, contiguous to the company's Burnt Hill tungsten project.

The Northex claims consist of the McLean Brook 001 claim (30 units, approximately 666 hectares) and the Burnthill North claim (150 units, approximately 3,328 hectares), which together surround the historic Burnt Hill tungsten mine claim on its northern, western and southern sides and adjoin the company's existing claims. The Northex claims are at an early stage of exploration. Further information regarding the exploration history of the Northex claims will be provided in a subsequent news release.

Under the terms of the agreement, Nexcel will acquire a 100-per-cent interest in the Northex claims in consideration for issuing to Northex one million common shares in the capital of Nexcel to Northex at a discounted deemed price of 47.2 cents per consideration share in accordance with the policies of the Canadian Securities Exchange. Northex does not retain any royalty, stream or other continuing interest in the Northex claims following closing. The consideration shares will be subject to a statutory hold period in accordance with applicable securities laws, resale restrictions required by the policies of the Canadian Securities Exchange and a voluntary eight-month contractual hold period in accordance with the agreement.

Closing of the transaction is expected to take place five business days following the date of the agreement, subject to acceptance of the CSE, and in any event on or before Oct. 31, 2026.

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 rare earth element project in Quebec.

We seek Safe Harbor.