Mr. Robert Cameron reports

ENDURO METALS ANNOUNCES $5 MILLION LIFE OFFERING

Enduro Metals Corp. has entered into an agreement with Beacon Securities Ltd. to act as sole agent in connection with a best-efforts private placement offering of a combination of up to 9,375,000 non-flow-through units of the company at a price of 16 cents per non-flow-through unit for gross proceeds of up to $1.5-million and up to 15.91 million flow-through units of the company sold on a charitable flow-through basis at a price of 22 cents per flow-through unit for gross proceeds of up to $3,500,200, and combined gross proceeds of up to $5,000,200.

Each non-flow-through unit will consist of one common share of the company and one-half of one common share purchase warrant of the company. Each flow-through unit will consist of one common share of the company and one-half of one warrant, each of which shall qualify as a flow-through share for the purposes of the Income Tax Act (Canada).

Each warrant will entitle the holder thereof to acquire one non-flow-through common share of the company at a price per warrant share of 24 cents for a period of 36 months from the closing date.

Subject to compliance with applicable regulatory requirements, the offered securities will be offered to purchasers resident in all provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Any offering of offered securities in Quebec pursuant to the listed issuer financing exemption will not commence until such time as the French Form 45-106F19 has been filed and posted on SEDAR+. The offered securities sold pursuant to the listed issuer financing exemption will not be subject to resale restrictions under applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors of the offered securities being issued pursuant to the listed issuer financing exemption should read this LIFE offering document before making an investment decision.

An amount equal to gross proceeds from the sale of the flow-through units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the tax act and a British Columbia flow-through mining expenditure for purposes of the Income Tax Act (British Columbia) related to the company's projects in British Columbia, Canada, on or before Dec. 31, 2027. All qualifying expenditures will be renounced in favour of the subscribers effective Dec. 31, 2026. The net proceeds from the sale of non-flow-through units will also be used for exploration and development at the company's mineral projects and for working capital and general corporate purposes.

The offering is expected to close on or about May 14, 2026, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Certain insiders of the company are expected to participate in the offering. Such participation constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the offered securities to be purchased by insiders nor the consideration for the offered securities to be paid by such insiders will exceed 25 per cent of the company's market capitalization.

Qualified person

Robert Cameron, PGeo, Enduro's chief executive officer, is the company's qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical aspects of this release.

About Enduro Metals Corp.

Enduro Metals is an exploration company focused on its Newmont Lake project, a 688-square-kilometre property located within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro Metals' geological team has outlined multiple deposit environments of interest across the Newmont Lake project, including high-grade epithermal/skarn gold along the McLymont fault and copper-gold alkalic porphyry systems at Burgundy and Andrei. The company maintains a broader portfolio of mineral projects across Canada, including the advanced Burn porphyry copper and gold project in Northern British Columbia.

We seek Safe Harbor.