Mr. Alex Klenman reports

ARMORY MINING AMENDS AMMO ANTIMONY-GOLD PROJECT OPTION AGREEMENT

Armory Mining Corp. has entered into an amendment agreement dated Sept. 9, 2025, amending the terms of its mineral property option agreement dated Oct. 26, 2024, with an arm's-length optionor, previously disclosed in the company's news releases dated Nov. 4, 2024, and Oct. 28, 2024. Pursuant to the option agreement, the company has the right to acquire from the optionor a 100-per-cent interest in an exploration property, located adjacent to and surrounding the West Gore antimony-gold mine in central Nova Scotia, Canada, known as the Ammo property.

To date, the company has made aggregate cash payments of $25,000 and has issued an aggregate of 750,000 common shares of the company to the optionor. Pursuant to the amendment agreement, the company's only remaining obligation under the option agreement to acquire the property has been amended from a cash payment of $25,000 to the issuance of 384,615 common shares to the optionor within five business days of the Canadian Securities Exchange's acceptance of the amendment agreement, if required.

"The amendment accelerates the acquisition for Armory and once approved gives us a 100-per-cent interest in the project," said Alex Klenman, chief executive officer. "We completed a round of data compilation earlier this year and we are now planning a subsequent exploration program. The area, particularly Military Metals' adjacent West Gore project, is an established antimony-gold camp with historical production. We are eager to get to the next step at Ammo," continued Mr. Klenman.

All securities issued or proposed to be issued as noted above are, have been or will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities laws.

About Armory Mining Corp.

Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security and defence sectors. The company controls an 80-per-cent interest in the Candela II lithium brine project, located in the Incahuasi salar, Salta province, Argentina, and a 100-per-cent interest in the Riley Creek antimony-gold project, located in Haida Gwaii, B.C., and an option to acquire a 100-per-cent interest in the Ammo antimony-gold project, located in Nova Scotia.

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