Mr. Harry Barr reports

NEW AGE METALS GENESIS PGM-CU-NI PROJECT, ALASKA -- EXPLORATION UPDATE

New Age Metals Inc. has provided and update to its shareholders and interested parties about the completion of company's 2025 exploration program at its 100-per-cent-owned Genesis PGM-Cu-Ni (platinum group metals-copper-nickel) project. The project is located in southeast Alaska, about 65 kilometres south of the community of Glenallen and about 265 km east of Anchorage.

Highlights of the Genesis project are listed below:

• The Genesis PGM-Cu-Ni project is 100 per cent owned by New Age Metals.
• The company is actively seeking an option/joint venture partner for the company and its road-accessible Gensis PGE-Cu-Ni project in Alaska.
• The project is located within three kilometres of the all-season paved Richardson highway and a high-capacity electric power line.
• The Genesis property comprises 4,144 hectares of State of Alaska mining claims.
• Two separate settings of magmatic reef-style mineralization occur: chromate-hosted platinum group metals (PGM) returning up to 2.4 grams per tonne palladium (Pd) and 2.4 g/t platinum (Pt); and nickel-copper-(Ni-Cu)-bearing sulphide mineralization with values up to 0.96 per cent Ni and 0.58 per cent Cu.
• Reef-style cumulate mineralization is open to the west, east, north and at depth.
• Reef-style mineralization has been identified in outcrop for 2,000 metres along strike, with a 40-metre true thickness.
• Known PGM mineralization covers a distance of nine km across the prospect.

The target areas have never been drilled.

A technical report is available.

Genesis 2025 exploration program

In July, the company engaged Alaska Earth Sciences (AES) of Anchorage, Alaska, to complete a detailed mapping, sampling and prospecting program at the Sheep Hill area, focusing on follow-up of copper (Cu) anomalies identified in sediment samples collected by Aurora Geosciences Ltd. (AGL) during its 2021 field season. Additional objectives include following the recommendations outlined in 2018 technical report by Curtis J. Freeman which was reaffirmed in AGL's 2021 report.

AES is completing a six-day, four-person field program based out of the Tonsina River Lodge, located approximately eight miles northwest of Sheep Hill project area. The site will be accessed via ATV along roughly 11 miles of maintained trails, identified through satellite imagery and confirmed during a recent aerial reconnaissance.

Detailed geological mapping will be conducted at 1:1,000 and 1:2,000 scales, depending on outcrop availability and terrain complexity. Litho-geochemical sampling will follow a 100 m by 100 m grid where applicable, while targeted grab rock and sediment sampling will focus on areas of visible mineralization and/or pXRF (portable X-ray fluorescence) anomalies.

A further announcement will follow when assays have been processed.

Qualified person

Robert M. Retherford, CPG No. 10904, is 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 project.

About New Age Metals Inc.

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of critical green metal projects in North America. The company has three divisions: a platinum group element division, a lithium/rare element division and an antimony-gold 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 kilometres by road east of Sudbury, Ont. In addition to River Valley, New Age owns 100 per cent of the Genesis PGE-Cu-Ni project in Alaska.

The company's lithium division is one of the largest mineral claim holders in the Winnipeg River pegmatite field, where the company is exploring 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 Ltd. 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 (Dr. Fayek and Dr. 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.

New Age's antimony-gold division is in Newfoundland and spans over 19,800 hectares consisting of 11 non-contiguous properties. Six of these properties are in 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. Management has recently completed phase 1 of the project, and pending results, phase 2 is slated to begin in the fall of 2025.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale.

We seek Safe Harbor.