Ms. Nicole Morcombe reports

APPOINTMENT OF CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY

Velox Energy Materials Inc.'s corporate secretary and chief financial officer, Silfia Morton, has resigned effective June 30, 2025. Additionally, John Chou, the Canadian corporate secretary, has resigned as of June 30, 2025.

The company has appointed Kyle Nazareth as CFO and Sarah Morrison as corporate secretary, effective July 1, 2025.

Mr. Nazareth brings over a decade of experience in managing public companies, advising on capital market transactions and providing financial stewardship. As the CFO of Toronto-based Branson Corporate Services, he provides, on a fractional basis, strategic financial consulting and financial compliance services at a high quality and cost-effectively. Mr. Nazareth brings a proven record of success in providing extensive finance and capital markets expertise to his clients.

Ms. Morrison is the founder of Uplisting Advisory Services Inc., a Canadian firm focused on regulatory compliance, corporate governance and cross-border market access. With more than two decades of experience, Ms. Morrison has served as a trusted adviser and corporate secretary to companies listed on the TSX Venture Exchange, Canadian Securities Exchange, Nasdaq Stock Market and OTC (over-the-counter) markets. She is known for her hands-on approach, board support and transaction execution across sectors, including mining, energy, and technology.

About Velox Energy Materials Inc.

Velox Energy Materials is a publicly traded energy materials company developing and progressing high-value assets in resource-and-research-friendly jurisdictions. The company's priority focus is the advanced NQV project in Queensland, Australia. The NQV project hosts the Cambridge deposit with a CIM-compliant (Canadian Institute of Mining, Metallurgy and Petroleum) indicated mineral resource of 61.33 million tonnes (t) @ 0.34 per cent V2O5 and 234.6 parts per million (ppm) MoO3, along with an inferred mineral resource of 144.87 million t at 0.33 per cent V2O5 (cut-off grade of 0.25 per cent V2O5) and 241.9 ppm MoO3 (Dufresne et al., 2022). The company is targeting shallow, high-grade mineralization that can be developed using low-cost mining and processing options.

The company additionally owns Kotai Energy and the option to acquire 100 per cent of the intellectual property rights associated with the solid-state hydrogen storage project from Curtin University in Western Australia. Kotai is focused on the commercialization of technology that can produce high-pressure hydrogen following transport as an inert powder.

We seek Safe Harbor.