Mr. Ali Haji reports

AMERICAN TUNGSTEN CORP. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS AND PROVIDES MANAGEMENT UPDATE

American Tungsten Corp. has released the following results for each item of business considered at the company's reconvened annual general and special meeting of shareholders held on July 15, 2026. The meeting was originally convened on June 29, 2026, and was adjourned prior to the conduct of any business due to technical difficulties with the third party virtual meeting platform. All resolutions were passed at the meeting.

Voting results of the annual general and special meeting of shareholders

Fixing the number of directors

Holders of Class A common shares voted 99.47 per cent in favour of fixing the number of directors of the company at five.

Election of directors

The following table sets out the votes in respect of the election of directors.

Nominee             % for    % withheld

Ali Haji            99.73%         0.27%     
Daniel Nicholas     99.68%         0.32%     
James Whittaker     99.79%         0.21%     
Duncan T. Blount    99.73%         0.28%     
Carolyn Loder       97.77%         2.23%     

Appointment of auditor

Holders of Class A common shares voted 98.73 per cent in favour of reappointing Davidson & Company LLP as auditor and authorizing the board of directors of the company to fix the auditor's remuneration for the following year.

Approval of 2026 omnibus incentive plan

Holders of Class A common shares voted 96.83 per cent in favour, and disinterested shareholders of Class A common shares voted 96.79 per cent in favour of approving the adoption of the company's omnibus incentive plan. The 2026 omnibus incentive plan replaces and supersedes the existing 15-per-cent rolling stock option plan of the company. A summary of the material terms of the 2026 omnibus incentive plan is contained in the management information circular of the company dated May 22, 2026, and a copy of the 2026 omnibus incentive plan is attached as Schedule B thereto, which, along with a copy of the 2026 omnibus incentive plan, is available under the company's profile on SEDAR+.

Management update

The company also announces that Liam Farrell, senior vice-president of operations, has departed from the management team to pursue other opportunities. American Tungsten thanks Mr. Farrell for his contributions to the company and wishes him success in his future endeavours.

About American Tungsten Corp.

American Tungsten is a Canadian exploration company focused on high-potential tungsten assets in North America. The company is advancing the IMA mine project in Idaho to commercial production, addressing critical metal scarcity in North America. The company's IMA mine project is a historic and high-quality underground tungsten past-producing property on private-patented land well above the water table with significant infrastructure. The company holds an exclusive option to acquire full ownership (subject to a 2-per-cent royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.