Mr. Don Turvey reports

CORNISH METALS APPOINTS ENDEAVOUR FINANCIAL AS FINANCIAL ADVISER TO ARRANGE PROJECT FINANCING FOR SOUTH CROFTY TIN PROJECT

Cornish Metals Inc. has appointed Endeavour Financial as financial adviser to secure project financing for the construction of South Crofty.

Don Turvey, chief executive officer and director of Cornish Metals, stated: "We look forward to working with Endeavour to evaluate and put in place the optimal project financing solution for the development of the South Crofty project as we formally commence the project finance process. We will assess various sources of funding and we believe that the timely appointment of an experienced financial adviser like Endeavour will help guide the project financing process to a successful conclusion in H2 2025."

George Pyper, managing director of Endeavour Financial, said, "Endeavour Financial is delighted to be working with the Cornish Metals team to evaluate and execute financing for the development of the strategically important South Crofty tin project, continuing our long track record of advising on project developments in the energy transition space."

Endeavour is a leading independent finance advisory firm dealing exclusively with the natural resources sector. It has a record of success in the mining industry, specializing in arranging multisourced financing solutions for development-stage companies, and has raised over $4-billion (U.S.) in debt for mining companies.

Endeavour has prepared a three-stage process to source and negotiate project financing for the South Crofty project. The estimated capex as reported in the South Crofty preliminary economic assessment was $177-million (U.S.) and it is anticipated that debt financing could range up to approximately 50 per cent to 60 per cent of the total financing required.

About Cornish Metals Inc.

Cornish Metals is a dual-listed mineral exploration and development company that is advancing the South Crofty tin project toward production.

We seek Safe Harbor.