Mr. Michael Tucker reports

PERSEVERANCE METALS ISSUES INCENTIVE STOCK OPTIONS

Perseverance Metals Inc. has issued incentive stock options under the company's long-term incentive plan to certain officers, directors, advisers, employees and consultants of the company.

An aggregate of 1,775,000 options have been issued at an exercise price of 65 cents per share. All of the options are subject to vesting over 36 months and will expire 60 months from the date of issuance. The options are being issued following the annual compensation review by the company's governance and nominating committee in December, 2025. All the foregoing options are subject to the terms of the plan, the applicable option agreement and the requirements of the TSX Venture Exchange.

About Perseverance Metals Inc.

Perseverance Metals is a critical minerals explorer with a project portfolio that is strategically located in key North American Ni-Cu-Co-PGE (nickel, copper, cobalt and platinum group element) and hard rock lithium regions, including Quebec's prolific James Bay district and Michigan's productive Mid-Continent Rift.

The company's strict science-driven approach and extensive record of discovery as leveraged via an exceptional technical advisory board, coupled with an industry-leading team armed with next-generation exploration tools, provide Perseverance Metals with a distinct competitive advantage. This offers a unique opportunity for investors to be exposed to a portfolio of projects with the potential for multiple discoveries. Perseverance's exploration assets include: (i) the Lac Gayot high-grade Ni-Cu-Co-PGE and lithium pegmatite project, which covers the entirety of the 30-kilometre Venus greenstone belt in Quebec, featuring multiple, very-high-grade Ni-Cu-Co-PGE showings and zones along with numerous large spodumene-bearing pegmatites with consistent high lithium grades in channel sampling; (ii) the Voyageur Ni-Cu-Co-PGE project, which covers 680 square kilometres of the Upper Peninsula in Michigan, 65 kilometres west of the only producing nickel mine in the United States, is drill-ready; and (iii) the Armit Lake Ni-Cu-Co project, which is the consolidated and underexplored western half of the nickel- and gold-rich Savant Lake greenstone belt in Ontario.

We seek Safe Harbor.