Mr. Gregory Duras reports

WESTERN METALLICA ANNOUNCES AGM RESULTS

Western Metallica Resources Corp. has released the results of its annual general and special meeting of shareholders, held on June 25, 2026.

Over 12 per cent of the company's shares were represented at the meeting.

Detailed results of the vote for the election of directors held virtually at the meeting on June 25, 2026, are set out in the attached table.

Shareholders at the meeting also approved the appointment of McGovern Hurley LLP as the company's auditor. Disinterested shareholders also reapproved an omnibus incentive plan pursuant to which the company may issue restrictive share units and stock options to eligible participants, subject to the receipt of all required approvals, including the TSX Venture Exchange. Shareholders also approved a name change to any such name as may be approved by the board of directors of the corporation.

The shareholders of the corporation also passed a special resolution authorizing the directors to consolidate the issued and outstanding common shares of the corporation on the basis of one postconsolidation common share for each three preconsolidation shares of the corporation. Subject to the approval of the TSX-V, the board has the authority to implement the share consolidation, in its sole discretion, at any time prior to June 25, 2027, being one year from the date of the meeting.

The shareholders of the corporation also passed a debt settlement resolution approving the share-for-debt transaction and the creation of a new control person subject to approval of the TSX-V in accordance with its policies.

About Western Metallica Resources Corp.

Western Metallica is a British Columbia company with its head office in Toronto, Ont. Western Metallica is in the business of mineral resource exploration and development; its principal asset is its 100-per-cent-owned Penedela gold property in the Navelgas gold belt in Asturias, Spain. Western Metallica also has an interest in two other Spanish gold projects in the Navelgas gold belt in Asturias (Valledor and Sierra Alta) and one project located in Andalucia (Nueva Celti).

We seek Safe Harbor.