Mr. Harry Barr reports

NEW AGE METALS RECEIVES APPROVAL FOR ANTIMONY RIDGE - NEWFOUNDLAND

Further to New Age Metals Inc.'s news release of June 26, 2025, the company has received TSX Venture Exchange approval for the Antimony Ridge property transaction whereby Ross Collier (the optionor) granted the company the exclusive right to acquire a 100-per-cent interest in certain claims located approximately 120 kilometres south-southwest of the town of Gander (Newfoundland) and six km north of the community of Milltown.

In connection with the closing of the transaction, the company is issuing 40,000 common shares at a deemed price of 26 cents per share, and making a cash payment of $20,000 to the optionor. The shares issuable are subject to a four-month-plus-one-day hold period in accordance with applicable Canadian securities laws. The optionor is an arm's length party and no finders' fees were paid by the company in connection with the transaction.

Upon completion of the remaining payments below, New Age shall be deemed to have acquired 100-per-cent undivided interest in the Antimony Ridge property (subject to an NSR (net smelter return) royalty). The optionor shall retain a 2-per-cent NSR royalty on all mineral production from the property. The company shall have the exclusive right to purchase 1 per cent of the NSR royalty for $750,000 at any time prior to commercial production.

Antimony Ridge property

The Antimony Ridge project lies in the Dunnage tectonic zone and is underlain by Ordovician schistose sedimentary rocks of the St. Joseph's Cove formation with quartz veins, veinlets and stockworks. Three documented MODS mineral showings occur on the property; 1) Antimony Ridge showing; 2) Golden Grit showing; and 3) Southeast Brook silver showing. Most of the work (trenching and sampling) has focused on the Golden Grit showing. However, none of these three showings have ever been drilled. Furthermore, an Sb (antimony) mineralized boulder trains has been outlined. Exploration planning is under way to locate the bedrock source.

Antimony and gold markets commentary

Reuters reported on June 17, 2025, that China severely restricted antimony exports, including a ban on shipments to the United States, sending antimony price to more than $60,000 per metric tonne, having more than quadrupled over the past year. As a critical metal, antimony's market dynamics are influenced by its applications in various industries and geopolitical factors. China's recent antimony export ban created a supply shock for the strategic metal. Approximately 70 per cent of antimony is produced or refined in China.

Spot gold prices have traded as high as $3,500 (U.S.) per ounce, likely driven by heightened global uncertainties and increased demand from institutional and retail investors. Central banks have continued their robust gold purchasing in 2025, adding 244 tonnes to their global reserves in Q1 and maintaining a strong pace into Q2, putting them on track for approximately 1,000 tonnes of purchases for the year. This sustained buying action underscores gold's role as a strategic asset amid economic instability and inflation concerns. Retail investors and family offices have also increased their gold holdings, seeking to hedge against market volatility. In Q1 2025, gold ETF (exchange-traded fund) inflows surged by 1,114 per cent quarter over quarter, reaching 226.5 tonnes. Despite some outflows in May, year-to-date ETF inflows remain strong at over 322 tonnes, reflecting a continued revival in retail appetite for gold.

The convergence of these factors highlights the strategic importance of antimony and gold antimony on the current global economic landscape.

New Age's strategic Sb-Au land position

New Age's properties in Newfoundland amount to approximately 19,800 hectares in 11 non-contiguous properties. Six of these properties are in the St. Alban's area, along Canstar's Swanger and Little River mineralized trends. The remaining five properties are strategically located along the same geological trend as the past-producing Beaver Brook antimony mine and in proximity to New Found Gold's Queensway South gold project.

Qualified person

Dr. William Stone, PGeo, and a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and a consultant to New Age, has reviewed and approved the scientific and technical disclosure in this press release.

The qualified person has not completed sufficient work to verify the historical information on the neighbouring properties. Nevertheless, the qualified person considers that drilling and analytical results were completed to industry standard practices. The reader is cautioned that mineral occurrences, prospects and deposits on neighbouring properties are not necessarily indicative of mineralization on the company's properties. This information may provide an indication of the exploration potential of the properties, but might not be representative of exploration results.

About New Age's PGE division

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The company has three divisions: a platinum group element division, a lithium/rare element division and a gold-antimony division.

The PGE division includes the 100-per-cent-owned, multimillion-ounce, district-scale River Valley project, one of North America's largest undeveloped platinum group element projects, situated 100 km by road east of Sudbury, Ont. In addition to River Valley, New Age owns 100 per cent of the Genesis PGE-Cu-Ni property in Alaska.

About New Age's lithium division

The company's lithium division is one of the largest mineral claim holders in the Winnipeg River pegmatite field, where the company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium and cesium. New Age is developing its lithium division in conjunction with its farm-in/joint venture agreement with Mineral Resources Ltd. (MinRes), one of the world's largest lithium producers. A minimum budget to maintain the projects has been approved by Mineral Resources for May, 2025, to April, 2026. The companies agreed to the minimum budget due to current lithium pricing and forest fire dangers in the immediate area

In April, 2024, a $1.5-million NSERC alliance grant was awarded to a collaboration led by the University of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused on advancing Canada's critical metals sector, with New Age Metals' portion targeting its Bird River lithium properties. Approximately $107,000 of work is planned on New Age's properties in 2025. The early work will include core sampling and field visits starting this summer. The project will likely extend beyond the original three-year term, due to its delayed start.

New Age Metals is supporting a successful $180,000 Mitacs research grant, awarded in 2023, through its $90,000 contribution (already accounted for and paid under the Mineral Resources joint venture). This academic partnership with the University of New Brunswick and the University of British Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake-Winnipeg River field. Fieldwork for the MSc thesis has been completed, while the postdoctoral phase is continuing at UNB.

This collaboration provides access to top-tier scientific expertise and equipment, significantly reducing analysis costs and adding long-term value to the project.

Management is currently aggressively seeking new mineral acquisition opportunities.

The company's philosophy is to be a project generator with the objective of optioning its projects with major and mid-tier mining companies through to production.

The company is actively seeking an option/joint venture partner for its River Valley palladium project and its road-accessible Genesis PGE-Cu-Ni property in Alaska.

We seek Safe Harbor.