Mr. Matt Filgate reports

GREENLIGHT METALS INC. ANNOUNCES THE CLOSING OF THE NON-BROKERED PRIVATE PLACEMENT OF UNITS

Greenlight Metals Inc., further to its news release dated April 8, 2025, has closed a non-brokered private placement consisting of 1.65 million units at a price of 30 cents per unit for aggregate gross proceeds of $495,000.10. Each unit will consist of one common share in the capital of Greenlight and one-half of one share purchase warrant in the capital of Greenlight. The warrants are governed by the terms of a warrant indenture dated Jan. 30, 2025, between Greenlight and TSX Trust Company, among others. Each warrant is exercisable by the holder thereof into one share at a price of 45 cents until April 8, 2028.

The net proceeds from the unit offering will be used for the exploration of the company's mineral projects, and for working capital and general corporate purposes. The units will be subject to a statutory hold period pursuant to applicable Canadian securities laws.

No bonus, finder's fee, commission, agent options or other compensation was paid in connection with the unit offering.

In connection with the closing of the unit offering, 50,000 units were subscribed for by a related party of the company (as such term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions). The participation of the related party in the unit offering constitutes a related party transaction within the meaning of MI 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 based on sections 5.5(a) and 5.7(1)(a) of MI 61-101.

About Greenlight Metals Inc.

The principal business of Greenlight is the exploration and development of mineral properties in Wisconsin, Nevada and Arizona. The material properties of Greenlight are the Bend property, the Reef property and the Kalium Canyon property. In addition, the company controls two additional prospective properties in Wisconsin -- Lobo and Lobo East. Greenlight has also secured rights to the Swede anomaly located on the Southern greenstone belt. Outside of Wisconsin, the company controls rights to the Kalium Canyon property, located in the Walker Lane district of Nevada. The company also holds an option on the Cerro Colorado property, located 70 kilometres southwest of Tucson, Ariz., along the Laramide porphyry copper belt.

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