Mr. Simon Cheng reports

PATTERSON METALS CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION

Further to Patterson Metals Corp.'s news release dated May 28, 2026, it will consolidate its common share capital on the basis of one common share of the company for every seven outstanding common shares effective on or about July 23, 2026. On the effective date, the common shares will commence trading on a postconsolidation basis under the existing ticker symbol PAT and the new ISIN and Cusip numbers for the postconsolidation common shares will be CA70344Q2099 and 70344Q209, respectively.

The company currently has 7,110,730 common shares outstanding and following completion of the consolidation it is expected that the company will have approximately 1,015,819 common shares outstanding.

No fractional shares will be issued in connection with the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded up or down to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional common shares. Registered holders of common shares will receive a letter of transmittal from Olympia Trust Corp. with instructions on how to exchange existing share certificates for new postconsolidation share certificates.

About Patterson Metals Corp.

Patterson Metals is a mineral exploration company with a focus on uranium. The company creates value for its shareholders by engaging in promising mineral exploration opportunities. The company's main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows the company to achieve exceptional shareholder value through the entire life cycle of the mining process.

We seek Safe Harbor.