Mr. Fawzi Hanano reports

CORNISH METALS ANNOUNCES CHANGE OF REGISTERED OFFICE

Cornish Metals Inc. has moved its registered office to 1056-409 Granville St., Vancouver, B.C., V6C 1T2, Canada, with effect from today's date.

About Cornish Metals Inc.

Cornish is a dual-listed mineral exploration and development company (AIM and TSX Venture Exchange: CUSN) that is advancing the South Crofty tin project toward production. South Crofty:

• Is a historical, high-grade, underground tin mine located in Cornwall, United Kingdom, and benefits from existing mine infrastructure, including multiple shafts that can be used for future operations;
• Is fully permitted to commence underground mining (valid to 2071), to construct new processing facilities and for all necessary site infrastructure;
• Has a 2024 preliminary economic assessment that validates the project's potential (see news release dated April 30, 2024, and the technical report entitled "South Crofty PEA"):
  • $201-million (U.S.) after-tax net present value discounted at 8 per cent and 29.8-per-cent internal rate of return;
  • Three-year after-tax payback;
  • 4,700 tonnes of average annual tin production in years two through six;
  • Life-of-mine all-in sustaining cost of $13,660 (U.S.) per tonne of payable tin;
  • Total after-tax cash flow of $626-million (U.S.) from start of production;
• Would be the only primary producer of tin in Europe or North America; tin is a critical mineral as defined by the United Kingdom, American and Canadian governments as it is used in almost all electronic devices and electrical infrastructure; approximately two-thirds of the tin mined today come from China, Myanmar and Indonesia;
• Benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate up to 320 direct jobs.

The 2024 preliminary economic assessment for South Crofty is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the 2024 preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.