Mr. Scott Eldridge reports

MILITARY METALS ANNOUNCES THE COMMENCEMENT OF RESOURCE CONFIRMATION DRILLING AT THE FLAGSHIP TROJAROVA ANTIMONY GOLD PROJECT, EUROPEAN UNION

Military Metals Corp. has commenced a 10-hole, 2,500-metre, definition drilling campaign at the company's 100-per-cent-owned flagship Trojarova antimony gold project in Slovakia, and has appointed David Murray, PGeo, as vice-president of exploration.

Highlights of the campaign include:

• Up to 10 diamond drill holes;
• Up to 2,500 m of drilling;
• Seven holes designed to confirm historical drilling results and update SLR Consulting's continuing mineral resource estimate on the project;
• Three holes designed to test the deposit for NW strike continuity.

Scott Eldridge, chief executive officer of the company, commented: "The commencement of this drilling campaign at our flagship Trojarova project is a milestone achievement. The results of this program will allow for the completion of the project's mineral resource estimate early in 2026 and serve as a launch pad for continued advancement of this strategic asset. Furthermore, on behalf of the board, management and our shareholders, I am excited to welcome David Murray as our vice-president of exploration. He brings 15 years of international mineral industry experience. I look forward to working directly with David to unlock the geological potential of our antimony portfolio. His technical skills will be an asset to the company. I also wish to sincerely thank Mr. Avrom Howard for his invaluable contributions to the role of VP, exploration, over the past year."

History of the project and historical resource

Discovered nearly 50 years ago, Trojarova was the focus of extensive surface and underground exploration over two kilometres of strike length between 1983 and 1995, including 63 diamond drill holes totalling 14,330 metres and 1.7 kilometres of underground workings. Historical exploration efforts culminated in a historical mineral resource estimate published by the Slovak Geological institute in 1992. Per this historical estimate, at a cut-off grade of 1.0 per cent antimony, Trojarova hosts 2.46 million tonnes averaging 2.47 per cent antimony and 0.635 gram per tonne gold in a mineralized zone averaging 3.32 metres wide, containing approximately 60,000 tonnes of antimony in situ. The historical estimate at Trojarova was classified using the Slovak version of the newly post-Soviet Russian classification system, which uses categories not directly comparable to modern standards as defined by the Canadian Institute of Mining, Metallurgy & Petroluem (CIM) definition standards for mineral resources and mineral reserves. The Slovak Geological Institute, the state agency that carried out all exploration and underground development work at Trojarova, classified the resource as P1 in the Slovak version of the Russian classification system. P1 is most comparable in CIM's classification system to inferred mineral resources, which is defined by the CIM as that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes. A qualified person has not done sufficient work to classify the historical estimate as current, and the company is not treating the historical estimate as current. For additional information relating to the historical estimate see below under the heading historical resource estimates.

The company announced Jan. 8, 2025, that SLR Consulting had been engaged to complete a modern mineral resource estimate of the Trojarova project. The current drill program supports this work by seeking to confirm historical results and validate preliminary resource models.

Preliminary modelling of historical data indicates the Trojarova deposit may display a trend of thickening and increasing antimony grades to the northwest. The company has targeted projected extensions of the deposit along this vector with three of the seven planned drill holes with the aim to expand the current extents of the known deposit.

Appointment of new vice-president of exploration

Mr. Murray is a professional geoscientist with 15 years of experience in mineral exploration and mining. His technical experience has been gathered throughout the Americas and Europe in exploration and resource geology roles, with various technical consultancies and major mining companies including Goldcorp and Newmont. Mr. Murray's commodity experience is diverse specializing in orogenic gold systems and including porphyry deposits, volcanogenic massive sulphide (VMS) deposits, magmatic Ni (nickel) plus Cu (copper) plus PGE (platinum group element), carbonate hosted Zn (zinc), Pb (lead) plus Ag (silver), HREE and LREE, as well as LCT Li pegmatites and Li brine deposits. Mr. Murray holds a bachelor of science with an advanced major in geoscience from St. Francis Xavier University in Antigonish, N.S.

Mr. Murray's top technical priority will be to unlock shareholder value through the definition and growth of mineral resources at Trojarova and Military Metals' other antimony and related critical metals projects, along with assessing additional opportunities that may come to the company's attention. Military Metals welcomes him to its executive management team on behalf of the company's shareholders.

About the project

Discovered in the late 1970s, Trojarova was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes for a total of 14,330 m, and 1.7 km of underground workings completed. Efforts continued over the years as additional trenches were dug, and holes were drilled. Starting in 1990, underground development work began ultimately comprising a 300-metre-long adit connected to a 700-plus-metre-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multivolume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies, and more, culminating in a multivolume compendium of reports produced by the Slovak Geological Institute published in 1992.

Options grant

The company is pleased to announce it has granted an aggregate of 300,000 stock options to Mr. Murray to purchase 300,000 common shares in the capital of the company pursuant to the company's share option plan. The options, which vest immediately, are exercisable at an exercise price of 50 cents per share for a period of five years from the date of grant.

The technical contents of this release were reviewed and approved by David Murray, PGeo, vice-president of exploration for Military Metals, and a qualified person as defined by National Instrument 43-101.

About Military Metals Corp.

The company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

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