File: '\\swfile\EmailIn\20250214 132200 Attachment Pace - News Release - Terminate Nemaska2 Final.docx'

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PACE METALS ANNOUNCES TERMINATION OF OPTION AGREEMENTS FOR NEMASKA2 LITHIUM PROPERTY

Vancouver, British Columbia - February 14, 2025, Pace Metals Ltd. ("Pace" or the "Company") (TSXV: Pace | FSE: B7L | USA: BGADF) announces that it has terminated the underlying option agreements with 1Life Holdings Ltd. for the Nemaska2 property.

The Company continues to advance its previously announced proposal to acquire Compton Mining Corp. ("Compton") (please see the Company's news release dated October 29, 2024) and will provide updates concerning the transaction as they become available.

For more information, please contact:

Pace Metals Ltd.

Robert Birmingham, Chief Executive Officer

rob@benaterra.com (604) 424-8131

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the proposal to complete the Proposed Transaction and associated transactions. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the potential completion and timing of the proposal to acquire Compton Mining are forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposal to acquire Compton Mining will occur. Pace assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.