Mr. Darrin Campbell reports

NAMIBIA CRITICAL METALS COMMENCES EXPLORATION AND INFILL DRILLING PROGRAMS AND WELCOMES TOYOTA-TSUSHO PARTNERS TO LOFDAL SITE

Namibia Critical Metals Inc. has commenced a significant drill program at its Lofdal heavy rare earth project in Namibia.

The drill program commenced on June 3, 2026, and aims at:

• Maiden resource for the 1.5-kilometre-long xenotime-mineralized system at Area 5 between the currently planned Area 4 and Area 2B pits;
• First deep hole to be drilled in potentially extending deposit of Area 4 to 800-metre depth for studies on a future underground mining option;
• Increase resources of measured category at Area 4;
• Increase indicated and measured resources at Area 2B.

Darrin Campbell, president of Namibia Critical Metals, stated: "We are excited about the potential impact of this drilling campaign of not only expanding resources in our deposits with already existing mine plans but also stepping into potential additional satellite resources at Area 5.

"Testing the extension of the Area 4 deposit to a depth of about 800 metres has the biggest potential impact for further mine life or increased throughput. Our experts in underground mining design are on standby to potentially guide the project to a significant expansion of the mine."

Drill program 2026

Reverse circulation drilling of 83 drill holes is planned with two rigs over the next five months for a total drill production in the range of 13,000 metres.

The 2026 drill program comprises mainly resource infill and expansion drilling at Area 2B and Area 4, as well as systematic drilling of a total of 5,670 metres along the Area 5 mineralized system.

Core drilling will be used to test the depth extension of the Area 4 deposit with an expected intercept at about-800-metre vertical depth.

The company was also pleased to host senior executives from its partners, Jogmec and Toyota-Tsusho, to a site visit at Lofdal and hold stakeholder update meetings with senior Namibian government representatives and the communities.

About Namibia Critical Metals Inc.

Namibia Critical is developing the Tier 1 heavy rare earth project, Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals have become a repeated concern for manufacturers and end-users. Namibia is a proven and stable mining jurisdiction.

The Lofdal project is fully permitted with a 25-year mining licence and is under a financing agreement with Japan Organization for Metals and Energy Security.

We seek Safe Harbor.