Mr. David Southam of Cygnus reports

CYGNUS METALS LIMITED: CLEANSING NOTICE

Further to the Australian Securities Exchange announcement on April 2, 2025, Cygnus Metals Ltd. has issued a total of 300,000 fully paid ordinary shares to Stria Lithium Inc. as consideration for a two-year extension to the earn-in for the Pontax lithium project. Cygnus confirms that the shares are subject to a four-month (not 12-month) voluntary holding lock. Cygnus issued the shares without disclosure under Section 708A(5) of the Corporations Act 2001 (Cth). With reference to those shares issued, in accordance with Section 708A(6) of the act, the company gives notice under paragraph 708A(5)(e) that:

1. The company issued the shares without disclosure under Part 6D.2 of the act.
2. As at the date of this notice:
   1. The company has complied with the provisions of Chapter 2M of the act as they apply to the company.
   2. The company has complied with sections 674 and 674A of the act.
   3. Other than as set out below, there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the act, which is required to be disclosed under Section 708A(6)(e) of the act.

As previously announced, the company has continuing exploration and drill programs at its Chibougamau copper-gold project in Quebec and is awaiting assay results from its current drill program (which remains in progress). The company will announce its assay results when it is in a position to complete the collation and interpretation of all data and in accordance with its continuous disclosure obligations, the Joint Ore Reserves Committee Code and the ASX listing rules.

About Cygnus Metals Ltd.

Cygnus is a diversified critical mineral exploration and development company with projects in Quebec, Canada, and Western Australia. The company is dedicated to advancing its Chibougamau copper-gold project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralized processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and rare earth element and base metal projects in Western Australia. The Cygnus team has a proven record of turning exploration success into production enterprises and creating shareholder value.