Mr. Harry Barr reports

NEW AGE METALS SAMPLES HIGH-GRADE ANTIMONY, GOLD, SILVER AND LEAD AT ST. ALBAN'S, NEWFOUNDLAND AND STARTS PHASE 2 EXPLORATION

New Age Metals Inc. has released assay results for antimony (stibnite) and gold mineralized grab samples from the company's properties in the province of Newfoundland and Labrador. A total of 286 grab samples were collected as part of the phase 1 exploration program in May to June to locate and confirm priority areas of interest for follow-up work during phase 2 of the exploration program in south-central Newfoundland. Phase 2 exploration work, mainly prospecting and sampling, is currently under way in the St. Alban's area of south-central Newfoundland.

Phase 1 highlights

1. Grab samples returned up to 15.2 per cent Sb (antimony) from Antimony Ridge (St. Alban's area);
2. High-grade Au (gold) assays included 1.52 g/t Au from the Citadel property and 1.45 g/t Au from the Antimony Ridge property;
3. Fort property samples returned up to 131 g/t Ag (silver) and 29.3 per cent Pb (lead);
4. Rampart property samples assayed up to 1.88 per cent Pb and 1.81 per cent Zn (zinc), indicating new Zn-Pb-Cu potential;
5. Beaver Brook Area samples returned high Au and As values, including 274 ppb (parts per billion) Au and 1,047 ppm As (arsenic) from the Sentinel property and 118 ppb Au with elevated As and Sb from the Sentry property.

Antimony, a critical metal: China, the world's largest producer/refiner severely restricted antimony exports in December, 2024, including a ban on shipments to the United States, sending antimony price to more than $60,000 per tonne, which more than quadrupled since early 2024. The antimony export ban created a supply shock for the strategic metal.

Harry Barr, New Age chairman and chief executive officer, comments: "The results of our phase 1 program, led by Axiom Group, are highly encouraging and demonstrate the potential of NAM's Sb-Au properties in Newfoundland. Surface sampling returned grades of up to 15 per cent Sb, along with assays of up to 1.5 g/t Au, 131 g/t Ag and 29 per cent Pb. These results underscore the presence of a robust multimetal system, where metals beyond antimony may enhance overall economic potential. Phase 2 follow-up work, which began in mid-August, is designed to expand on these discoveries while continuing to evaluate additional ground. We look forward to reporting further results as they become available and to advancing these properties in a disciplined, systematic manner at a time when both antimony and gold are trading at historically strong levels."

Phase 1 results summary

St Alban's Area properties

Phase 1 results confirm that the Bay d'Espoir Group is highly prospective for structurally controlled Au-Sb mineralization within quartz veins, particularly within the Joseph's Cove formation. New Age is building on a newly emerging approximately 16 km Au-Sb trend that extends from Canstar Resources Swanger's Cove Sb occurrence through the Antimony Ridge (MODS No. 001M/13/Sb 002) and Golden Grit (MODS No. 001M/13/Au 015) occurrences to the True Grit (MODS No. 001M/13/Au 014) Au occurrence.

• Antimony Ridge-Citadel: A float sample (445108) grading 15.2 per cent Sb was collected approximately two kilometres southeast of the historical Antimony Ridge Sb occurrence, suggesting a broader overlapping Au-Sb zone than previously recognized. In addition, a quartz float sample (441194) from the SW portion of the Citadel property returned 1.52 grams per tonne Au, representing the first-time high-grade gold has been documented in this area. This discovery corresponds with historical till anomalies, reinforcing the potential for additional gold discoveries within this trend.
• Fort property: Located within the Riches Island formation, the Fort property hosts quartz veins and broad zones of silicification within psammitic rocks. Samples 441234, 441235 and 441236 returned grades up to 29.3 per cent Pb and 131 g/t Ag, with elevated barite. While Pb occurrences were historically documented in the area, these results represent previously undocumented Pb-Ag-Ba (barium) occurrences and significantly upgrade the polymetallic potential of the property.
• Rampart property: A new occurrence of Zn-Pb-Cu mineralization was discovered (sample 441288) grading up to 1.88 per cent Pb and 1.81 per cent Zn. This demonstrates strong base-metal potential and occurs adjacent to Canstar Resources' Golden Baie Au-Sb project in the Little River area.

Summary: New Age's phase 1 program in the St. Alban's area both confirms the presence of high-grade Sb mineralization along a 16 km Au-Sb trend and identifies new gold, Pb-Ag-Ba and Zn-Pb-Cu occurrences. Collectively, these results highlight the multicommodity potential of the Bay d'Espoir belt and position the St. Alban's properties as a key focus for phase 2 exploration.

Beaver Brook area properties

The Beaver Brook area properties are geologically significant as they lie within the same structural corridor that hosts the Beaver Brook antimony mine, one of North America's largest primary Sb deposits. Mineralization at Beaver Brook is characterized by fracture- and fault-controlled, stibnite-quartz veins developed within Silurian sedimentary rocks of the Indian Islands Group, structurally imbricated against the Ordovician Davidsville Group along major thrust faults.

Phase 1 assays on New Age's nearby claims confirm this dual potential:

• Sentinel property: Boulder sample 441162 returned 274 parts per billion Au with arsenopyrite, identifying a new Au-As system along strike of the Beaver Brook Sb trend and adjacent to New Found Gold's Queensway South project. This is the first recognition of elevated gold values in this part of the trend and highlights exploration upside.
• Sentry property: Float sample 441104 returned 118 ppb Au with elevated Sb and As in an altered monzogranite, indicating significant mineralizing fluids in the area.
• Exploration upside: The presence of mineralized float and boulders raises the question of whether these samples represent erosion from nearby undiscovered outcrops or glacial transport. A follow-up exploration strategy is currently in development for this region.

Summary: Phase 1 results demonstrate that NAM's Beaver Brook properties host potential for both Sb and Au systems, consistent with the broader Beaver Brook mineralizing environment.

Analytical methods, chain of custody and quality assurance/quality control

New Age maintains a rigorous QA/QC protocol for all rock samples collected during the phase 1 program. Field crews inserted certified reference materials (CRMs) and analytical blanks at a rate of approximately one QA/QC sample for every 20 primary samples, ensuring that approximately 5 per cent of all submitted samples were independent quality control checks. The CRMs were sourced from industry-certified providers and selected to match, as closely as possible, the expected mineralization style and grade ranges. Analytical blanks consisted of barren quartz material used to monitor potential contamination during sample preparation and analysis.

All samples were individually sealed in heavy-duty plastic bags, labelled with unique sample numbers and placed into rice bags for transport. Field crews maintained continuous possession of the samples until they were securely delivered by company personnel to the SGS sample preparation facility in Grand Falls-Windsor, Nfld. At this facility, the samples were weighed and prepared into pulps in accordance with SGS's standard procedures before being securely shipped internally to SGS Canada's minerals laboratory in Burnaby, B.C., for complete assay analysis.

Analytical work included:

• Gold (Au): 30-gram fire assay with Atomic Absorption Spectrometry (AAS) finish (GE_FAA30V5);
• Multielement suite: Sodium peroxide fusion followed by induction coupled plasma (ICP) -- Mass spectrometry (MS) and atomic emission spectroscopy (AAS) analysis ICP-AES (GE_ICP90A50) and ICP-MS (GE_IMS90A50);
• Overlimit determinations: Overlimit results for antimony (Sb) and lead (Pb) were reanalyzed using Na2O2 fusion with ICP-AES (GO_ICP90Q100) or pyrosulphate fusion with XRF (GO_XRF70V2), as appropriate.

Internal laboratory QA/QC procedures at SGS included the insertion and analysis of certified reference materials, analytical blanks and sample duplicates alongside the submitted samples to monitor analytical accuracy and precision.

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 antimony-gold land position

New Age's properties in Newfoundland total approximately 20,000 hectares in 12 generally non-contiguous properties. Seven of these properties are in the St. Alban's area, along the Antimony Ridge-Swanger and Golden Baie (also known as Little River) Sb-Au 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 Metals Inc.'s PGE division

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 critical metal 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 kilometres 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 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, subject to precautions for regional wildfire, 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 and the postdoctoral research phase is continuing at UNB.

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

On Aug. 6, 2025, New Age Metals announced an additional investment in a fourth critical metal. New Age currently owns approximately 12.79 per cent and holds warrants that, if exercised with today's issued and outstanding shares of MQM, would bring New Age to a 19.05-per-cent interest in MetalQuest Mining Inc.

MetalQuest Mining is developing one of North Americas largest iron ore projects, where approximately $120-million has been spent on the project. High-purity iron ore became a critical metal federally in Canada and in the provinces of Quebec and Newfoundland and Labrador in 2024.

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.

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.

We seek Safe Harbor.