Mr. Harry Barr reports

NEW AGE METALS COMPLETES SUMMER 2025 EXPLORATION PROGRAM ON THE GENESIS PGM-CU-NI PROJECT, ALASKA

New Age Metals Inc. has provided an update on the 2025 field program at its 100-per-cent-owned Genesis PGM-Cu-Ni (platinum group metals-copper-nickel) project in southeast Alaska, approximately 65 kilometres south of Glennallen and approximately 265 km east of Anchorage. The project is road accessible and situated within three km of the all-season Richardson Highway and a high-capacity power line. From the Tonsina Lodge, which the exploration crew utilized during the program, it takes approximately one hour to access the site.

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 km 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.
• The 2025 program focused on Sheep Hill area of the project and approximately 134 rock samples were sent to the ALS lab to Reno, Nev.
• Known mineralization covers a distance of nine km across the prospect. The target areas have never been drilled. A technical report is available.

Highlights of the Genesis project 2025 exploration program:

• Two thousand twenty-five Sheep Hill program has been completed. Detailed mapping and prospecting focused on the western half of Sheep Hill were carried out at 1:1,000 scale; 134 rock samples were collected during July 15 to July 19, 2025. After QA/QC (quality assurance/quality control) additions (blanks and standards), 163 samples were shipped to ALS in Reno. Assays are pending.
• Access verified and improved logistics. The team mobilized from Anchorage to the base camp at Tonsina River Lodge and confirmed approximately 11 miles of ATV trail access to the Sheep Hill work area, including a safe Bernard Creek crossing. Travel time to the trailhead was refined to approximately one hour each way as routes were flagged. The program was completed within budget.
• Genesis remains a 100-per-cent New Age-owned PGM-Cu-Ni project; two magmatic mineralization settings are present at surface;
  • (i) Chromite-hosted PGM up to 2.4 g/t Pd and 2.4 g/t Pt and (ii) Ni-Cu sulphide up to 0.96 per cent Ni and 0.58 per cent Cu. Reef-style mineralization is mapped in outcrop for approximately 2.0 km with approximately 40 m true thickness; PGM mineralization spans approximately nine km across the prospect; no drilling has yet tested these targets.

2025 fieldwork summary and next steps

The company engaged Alaska Earth Sciences (AES) to execute a six-day, four-person program centred on Sheep Hill, following up on copper anomalies identified by Aurora Geosciences in 2021 and recommendations from the 2018 technical report. Work included detailed geological mapping at 1:1,000 to 1:2,000 scales, lithogeochemical grid planning (100 m by 100 m where applicable), and targeted grab rock and sediment sampling.

Operational additions to the July 29 program outline are as follows: mobilization occurred July 14, with base camp at Tonsina River Lodge; ATV access (including Bernard Creek crossing) was physically confirmed and improved with flagged routes; consideration is being given to permitting a short ATV spur from the current parking area to the base of the mountain to streamline future sampling and support activities. A total of 163 samples (including QA/QC (quality assurance/quality control)) were dispatched to ALS Reno; results will be released once received and reviewed. After review of the results, New Age will have the consultants initiate an updated geological report which future recommendations.

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.

Issuance of options

The company also announces that it has granted 2,925,000 incentive stock options to directors, officers, employees, investor relations service provider and consultants of the company at an exercise price of 26 cents per share for a period of five years from the date of grant in accordance with the company's stock option plan. The stock options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and are subject to regulatory hold periods in accordance with applicable securities laws.

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 a 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 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, phase 2 has been initiated and further news will follow.

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.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. The company's philosophy is to be a project generator with the objective of optioning its projects with major and junior mining companies through to production.

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

We seek Safe Harbor.