Mr. Harry Barr reports

NEW AGE METALS ANNOUNCES FARID MAMMADOV AS VICE PRESIDENT OF INVESTOR RELATIONS

New Age Metals Inc. has entered into an amended investor relations employment agreement dated Sept. 12, 2025, to extend and amend the terms of its existing agreement with Farid Mammadov for an additional 12 months as its investor relations service provider. The agreement includes the appointment of Mr. Mammadov to vice-president of investor relations, an officer of the company.

Chairman and chief executive officer Harry Barr states: "Farid and I have worked closely together for over four years, and I have witnessed a steady progression in his knowledge, professionalism and ability to navigate the many complexities of investor relations. As a young and motivated professional in the junior mining industry, he has developed a strong interest in all aspects of our sector. Recently, Farid completed the Canadian Investor Relations Institute (CIRI)/Rotman Investor Relations Certification Program and is a standing member of the institute. He is also a graduate of Carleton University with a degree in business law, where he served as president of the Carleton Law and Legal Studies Society. We are very pleased to welcome Farid as vice-president, investor relations, and value his contributions as an integral member of the NAM team."

Pursuant to the amended agreement, the company will pay Mr. Mammadov a monthly fee of $6,250, and appoint Mr. Mammadov as vice-president of investor relations. The term of this amended agreement will commence on the date the company receives exchange approval. The agreement may be extended or amended in writing by mutual agreement of the parties. Mr. Mammadov currently holds 250,000 stock options of the company. The amended agreement is subject to TSX Venture Exchange approval.

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, an antimony-gold division, as well as an investment in MetalQuest Mining's high-purity Lac Otelnuk iron ore project.

The PGE (platinum group element) 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 (platinum group element-copper-nickel) 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 July 30, the company was pleased to announce that it has received formal approval under Newfoundland and Labrador's Junior Exploration Assistance (JEA) program, including eligibility for the Critical Minerals Assistance (CMA) and Provincial Critical Mineral Assistance (PCMA) streams. The potential rebate total for eligible exploration activities is $71,975.

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.

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. In the summer of 2025, MQM has contracted AtkinsRealis, an international engineering company, to complete a GAP Analysis on the Lac Otelnuk project and its 2015 feasibility study.

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 its and its road-accessible Genesis PGE-Cu-Ni project in Alaska.

We seek Safe Harbor.