Mr. John Florek reports

SANKAMAP PROVIDES AN UPDATE ON STATUS OF LATE FILING OF FINANCIAL STATEMENTS

Sankamap Metals Inc. and its auditor continue to work diligently toward the completion and filing of the company's annual audited financial statements and management's discussion and analysis for the fiscal year ended June 30, 2025. The company has applied to the Alberta Securities Commission for an extension of the management cease trade order; however, there can be no assurance that a further extension will be granted. The additional delay in completing the required filings is primarily due to the auditor awaiting the receipt of certain required information from government authorities in Solomon Islands, as well as timing constraints associated with the holiday period. The company estimates that approximately 90 per cent of the audit work has been completed.

The required filings were due to be filed by Oct. 28, 2025. In connection with the anticipated delays in making the required filings, the company made an application for a management cease trade order under National Policy 12-203 (Management Cease Trade Orders) to the Alberta Securities Commission, as principal regulator for the company, and the MCTO was issued on Oct. 29, 2025. The MCTO restricts all trading by the company's chief executive officer and chief financial officer in securities of the company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the company to trade their securities. The MCTO will remain in effect until the required filings are filed or until it is revoked or varied.

The company expects to proceed with the filing of its interim first quarter financial statements shortly after the required filings have been completed and submitted.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing biweekly default status reports in the form of a news release until it meets the required filings requirement. The company has not taken any steps toward any insolvency proceeding, and the company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the company's news releases dated Oct. 21, 2025, Nov. 4, 2025, Nov. 18, 2025, Dec. 3, 2025, and Dec. 17, 2025, available for viewing on the company's SEDAR+ profile.

About Sankamap Metals Inc.

Sankamap is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania project, located in the South Pacific. The company's fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits, including Newcrest's Lihir mine, with a resource of 71.9 million ounces of gold (310 million tonnes containing 23 million ounces gold at 2.3 grams per tonne proven plus probable, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing five Moz Au at 1.9 g/t measured and 61 Mt containing 4.9 Moz Au at 2.3 g/t inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap's Oceania project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper- and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 gram per tonne gold, including a standout sample assaying 11.7 per cent Cu and 13.5 g/t Au, underscoring the area's significant potential.

At Fauro, particularly at the Meriguna target, historical trenching has returned highly encouraging results, including 8.0 metres at 27.95 g/t Au and 14.0 metres at 8.94 g/t Au. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au, along with recent sampling by Sankamap at the Kiovakase target, which returned numerous high-grade copper values, reaching up to 4.09 per cent Cu. In addition, limited historical shallow drilling intersected 35.0 metres at 2.08 g/t Au, further underscoring the property's strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders.

Qualified person disclosure

The technical content for the Oceania project in this news release has been reviewed and approved by John Florek, MSc, PGeol, a qualified person in accordance with Canadian Institute of Mining, Metallurgy and Petroleum guidelines. Mr. Florek is in good standing with the Professional Geoscientists of Ontario (member ID: 1228) and a director and officer of the company.

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