Mr. Warwick Smith reports

AMERICAN PACIFIC CONGRATULATES TRILOGY METALS ON AMBLER PROJECT MILESTONE AND HIGHLIGHTS NEW ERA FOR MINING IN ALASKA

American Pacific Mining Corp. has congratulated Trilogy Metals and its partners on the historic advancement of the Ambler Road project, following the Trump administration's directive to reauthorize all necessary permits for project development in Alaska's Ambler mining district.

The Ambler Road project will enable critical road access to one of the world's most significant undeveloped copper and polymetallic mineral belt and is a transformational step in the development of U.S. domestic mineral supply chains. American Pacific commends the leadership shown by enabling this long-awaited project to proceed on the basis of national interest, energy security and economic necessity.

"We extend our sincere congratulations to Trilogy Metals and to Alaskans that have worked for years to see responsible development advance," said Warwick Smith, chief executive officer of American Pacific. "Under President Trump, there is real momentum for resource development in Alaska. We are optimistic about the path ahead for Palmer and all projects contributing to America's critical minerals supply."

The Trump administration's focus on unlocking Alaska's vast mineral potential -- through streamlined permitting and new federal investment in projects such as Ambler -- has signalled a materially improved policy and investment climate for responsible mining in the state. With this week's announced $35.6-million U.S. government partnership in Trilogy Metals and the federal government's 10-per-cent equity stake to drive exploration, the mining sector has meaningful new support to advance critical metal projects that are vital for energy infrastructure, advanced manufacturing and national security.

American Pacific's own Palmer project, located in southeastern Alaska, shares many characteristics with Ambler: Both are strategic polymetallic deposits, underpinned by strong geology, modern environmental stewardship, and the potential to generate significant economic benefits for Alaskan communities and the broader United States. The company notes that the current policy environment strengthens opportunities for development, permitting and investment across all of Alaska. As demonstrated by the turnaround in federal support for the Ambler project, American Pacific is encouraged that new projects with robust technical and environmental standards, like Palmer, are more likely than ever to gain a clear path forward under the present administration.

About American Pacific Mining Corp.

American Pacific is a precious and base metal explorer and developer focused on opportunities in the western United States. The company has two flagship assets: 100-per-cent-owned Palmer project, a volcanic massive sulphide-sulphate project in Alaska, and the 100-per-cent-owned Madison project, a past-producing copper-gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for deal of the year at the S&P Global Platts metals awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also, in American Pacific's asset portfolio are three high-grade, precious metal projects located in key mining districts of Nevada, United States: the Ziggurat gold project, the Gooseberry silver-gold project and the Tuscarora gold-silver project. The company's mission is to grow by the drill bit and by acquisition.