Mr. Guy Bourassa reports

SCANDIUM CANADA ANNOUNCES THAT MR. JEFF SWINOGA HAS JOINED ITS BOARD OF DIRECTORS AS CHAIRMAN

Scandium Canada Ltd. has appointed Jeff Swinoga, CPA, CA, MBA, as director and as chairman of the board, effective Wednesday, Feb. 4, 2026. Mr. Swinoga previously served as chairman from October, 2021, to May, 2025, a period during which the company transitioned from Imperial Mining Group to Scandium Canada and advanced the Crater Lake project through its updated resource estimation and metallurgical testing phases.

Mr. Swinoga is a highly respected mining executive with over 25 years of experience in capital markets, project advancement, development and mine construction, successfully guiding companies through all stages of their evolution, from exploration to commercial production.

He notably served as chief financial officer of Torex Gold Resources, where he led the $400-million (U.S.) financing for the El Limon-Guajes gold mine in Mexico and as chief financial officer of HudBay Minerals, contributing to its growth to a market capitalization exceeding $2-billion. Mr. Swinoga also spent seven years at Barrick Gold Corp. as a senior officer responsible for project financing. He currently serves on the boards of other Canadian public mining companies, president of Hive Advisory and serves on the board of PDAC.

"It is a great privilege to return to the Scandium Canada board," stated Jeff Swinoga, chairman of the board. "Having witnessed the company's evolution firsthand over the past several years, I remain convinced of the exceptional potential of the Crater Lake project and the strategic vision of the management team. I look forward to supporting the company through its next critical phase toward production."

"We are delighted to welcome Mr. Swinoga back as chairman," said Guy Bourassa, chief executive officer of Scandium Canada. "His deep knowledge of our project, combined with his extensive experience in financing and development, will be invaluable as we continue advancing the Crater Lake project and development of our Al-Sc alloys through our Scandium+ division."

About Scandium Canada Ltd.

Scandium Canada is a public company whose ultimate goal is to bring the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium (Al-Sc) alloys. The corporation is leveraging its Al-Sc alloy development subsidiary and the development of its Crater Lake mining project to meet the growing need for lighter, greener, longer-lasting, high performance materials. The corporation aims to become a market leader in scandium, while committing itself to building a more responsible economy through innovation and agility.

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