Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES CERTIFIED ASSAYS OF 3.49% CU-EQ OVER 24.55 METERS (TRUE WIDTH) IN DDH WD-26-09

Nine Mile Metals Ltd. has released certified assay results for DDH WD-26-09 at the Wedge mine in the Bathurst mining camp, New Brunswick.

WD-26-09 was collared in the southwest at the edge of our drill pattern (oriented at 340 degrees, angled 50 degrees below horizontal, to a depth of 200 metres) and successfully intersected a high-grade VMS Lens. The company intersected a thick massive sulphide lens carrying copper, lead, zinc, silver and gold, with visible chalcopyrite and bornite in the core. Within the broader zone, a 16.50 m section averaged 4.03 per cent CuEq (copper equivalent), and a 6.50 m zone returned 5.22 per cent CuEq. A silver zone of 21.75 m returned 31.72 grams per tonne Ag (1.02 ounces/tonne Ag), with the peak sample reaching 58 g/t silver. A gold zone of 20.20 m returned 0.67 g/t Au including 11.00 m of 0.87 g/t Au. Zinc averaged 2.02 per cent over 22.50 m, including 4.82 per cent over 5.75 m and 8.09 per cent over 3.00 m, with a peak sample of 11.40 per cent zinc. All intersections are a true width.

Gary Lohman, PGeo, vice-president, exploration, director, stated: "Definitely nice to return to the VMS section previously identified in the southwest. Drilled at a steeper angle than previous holes in the vicinity, this assists in expanding the deposit footprint. In addition to Cu, the assays also indicate substantial Au and Ag present in this portion of the system. Intersecting five payable metals over this width and seeing copper strengthen toward the base of the zone is exactly what we want to see at this stage. Additional drill holes are planned for this western portion of the Wedge, where we believe there is meaningful room to expand the deposit."

Shaded rows are the peak sample for each metal. Copper equivalent (CuEq) combines all five metals into one comparable grade, calculated using Aug. 11, 2026, Bloomberg pricing: $6.63 (U.S.)/pound Cu, 84 U.S. cents/lb Pb (lead), $1.72 (U.S.)/lb Zn (zinc), $65.10 (U.S.)/oz Ag (silver), $4,443.90 (U.S.)/oz Au (gold), with a uniform 95-per-cent metallurgical recovery assumed for all metals; since it is unclear which metals will be the principal products, assuming differing recoveries by metal is premature at this stage.

Patrick J. Cruickshank, MBA, chief executive officer and director, stated:

"This was a very strong polymetallic VMS hole, with a large Lens zone. As you can see in the itemized sample results table, there is multiple high-grade copper, silver and gold zones, confirming a multidimensional deposit at the Wedge. Each one of these mineral intercepts would be a success on their own accord, but to combine them all in one hole shows the strength of this Lens and is spectacular start to our results season. These results will be included in our live 3-D modelling headed by Mike Dufresne, president of Apex Geoscience, and our technical team to move towards an updated 43-101 and an MRE objective. We are extremely pleased by these results and look forward to releasing our next set of results from ALS Global in Moncton. Unfortunately, we have no control over the order of our results coming back from the Labs."

Stock options award

The company has also granted an aggregate of 250,000 incentive stock options to a consultant, pursuant to the company's stock option plan. The options are exercisable at a price of eight cents per share for a period of five years from the date of grant and vest immediately.

Analysis, QA/QC (quality assurance/quality control) and qualified person

All samples were submitted to ALS Global in Moncton, an independent commercial laboratory, for preparation and assaying (ME-ICP61a four-acid digestion with ICP-AES; Au by fire assay Au-AA23 with AA finish; overlimit Au by gravimetric analysis and overlimit base metals by OG62). ALS runs its own QA/QC protocols including coarse and pulp duplicates. Nine Mile's QA/QC program includes regular insertion of CRM standards, duplicates and blanks with a stringent review of all results; QA/QC and data validation were performed and no material errors were observed. Technical information in this news release has been prepared in accordance with NI 43-101 and reviewed and approved by Gary Lohman, BSc, PGeo, vice-president of exploration and director, the company's qualified person, who is not independent of the company.

Copper equivalent (CuEq) for the drill hole samples is calculated based on Aug. 11, 2026, Bloomberg pricing, pricing: $6.63 (U.S.)/lb Cu, 84 U.S. cents/lb Pb, $1.72 (U.S.)/lb Zn, $65.10 (U.S.)/oz Ag and $4,443.90 (U.S.)/oz Au, with 95-per-cent metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, a 95-per-cent recovery rate is justified.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on critical mineral VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst mining camp, New Brunswick. The company is exploring four VMS projects: Wedge, Nine Mile Brook, California Lake and Canoe Landing Lake (East-West), positioning for the boom in AI (artificial intelligence) data centres, EV (electric vehicle) and green technologies requiring copper, silver, lead and zinc, with a hedge with gold.

We seek Safe Harbor.