Mr. Tim Fernback reports

TEMAS RESOURCES CLOSES $1.5M PRIVATE PLACEMENT

Further to Temas Resources Corp.'s news release dated April 15, 2026, the company has closed its non-brokered private placement for total gross proceeds of approximately $1.5-million at a premium price to the current market price of the company's common shares.

The offering consisted of 8,333,334 flow-through shares of the company to be issued as flow-through shares within the meaning of the Income Tax Act (Canada) at a price of 18 cents per FT share to a single subscriber and current shareholder, Maple Leaf Critical Minerals 2026 Enhanced Fund.

The Maple Leaf Group of Critical Minerals Funds is a current shareholder of Temas Resources and with this offering will own approximately 9.9 per cent of the company's equity.

Commenting on the financing, Tim Fernback, president and chief executive officer of Temas Resources, stated: "We appreciate the ongoing support from Maple Leaf Funds, one of our key institutional investors. This financing, secured at a price above the current market level, positions us to keep building value by advancing our understanding of gallium and scandium at La Blache, while directing most of our resources toward business development and the commercialization of our RCL metallurgical platform technology."

The gross proceeds from the offering will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's exploration programs on its La Blache and Lac Brule titanium projects in Quebec, Canada, including the critical mineral and rare-earth element assaying and reassaying work currently under way at La Blache, on or before Dec. 31, 2027. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares effective Dec. 31, 2026.

The FT shares issued pursuant to the offering are subject to a four-month-and-one-day hold period from the date of issuance under applicable Canadian securities laws. No finders' fees were paid in connection with the offering.

About Temas Resources Corp.

Temas Resources is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The company's patented regenerative chloride leach (RCL) technology platform delivers significant operational cost reductions -- validated at up to 65 per cent lower than traditional processing -- while dramatically reducing energy use and environmental impact.

Temas's RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel and rare-earth elements.

Complementing its technology division, Temas also owns 100 per cent of two advanced titanium-vanadium-iron projects in Quebec, Canada -- La Blache and Lac Brule -- which are strategically positioned to feed directly into the company's proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals.

Through this combination of innovative IP commercialization and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.

We seek Safe Harbor.