Mr. Dwayne Yaretz reports

NORTH ATLANTIC TITANIUM ANNOUNCES UPSIZE OF PRIVATE PLACEMENT FINANCING

Due to strong investor demand, North Atlantic Titanium Corp. has upsized its previously announced non-brokered offering for aggregate gross proceeds to the company of up to $1.25-million in a combination of:

1. Up to $750,000 in units of the company at a price of six cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant;
2. Up to $500,000 in flow-through units of the company (the FT units) at a price of eight cents per FT unit. Each FT unit will consist of one common share that will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one warrant (already completed as announced Dec. 23, 2025).

Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of 10 cents per warrant share at any time up to 24 months following the closing of the offering.

The net proceeds from the sale of units will be used to finance the initial option payment for the Everett titanium property in Quebec, working capital and general corporate purposes. The gross proceeds from the sale of FT units will be used for surface exploration, metallurgical testing and verification of historical exploration work at the Everett property. Upon permitting, diamond drilling is planned for selected locations in the northern extremity of the Everett oxide body.

The entire gross proceeds from the issue and sale of the FT units will be used for Canadian exploration expenses (CEE) as flow-through critical mineral mining expenditures as such term is defined in the tax act, which will be incurred on or before Dec. 31, 2026, and renounced with an effective date no later than Dec. 31, 2025, to the initial purchasers of FT units, and if the qualifying expenditures are reduced by the Canada Revenue Agency, the company will indemnify each FT unit subscriber for any additional taxes payable by such subscribers as a result of the company's failure to fully renounce the qualifying expenditures as agreed.

The final tranche of the offering is anticipated to close on Jan. 16, 2026, or such later date as the company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

About North Atlantic Titanium Corp.

North Atlantic Titanium is a Canadian publicly traded exploration company focused on advancing the Everett titanium deposit in Quebec. The company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que. As well, the company is currently assessing two option agreements to acquire up to 80 per cent of the silver, zinc, lead XWG and LMM properties, and an exploration agreement at the WLG mine, all located in Henan province, China.

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