Mr. Roy Bonnell reports

ALLIED CRITICAL METALS FILES APPLICATION TO LIST ON NASDAQ

Allied Critical Metals Inc. has applied to list its common shares on the Nasdaq Capital Market.

Roy Bonnell, chief executive officer of Allied, stated: "We believe that a Nasdaq listing will provide us with access to a broader investor base, increased sources of potential capital, increased research coverage from U.S. investment banks and improved trading liquidity for Allied's common shares as we focus on generating shareholder value by unlocking the potential of the Borralha tungsten project and Vila Verde tungsten project. We look forward to enhancing our capital markets profile by increasing our investor relations efforts and achieving our strategic objectives."

The proposed listing of the company's common shares on Nasdaq remains subject to the satisfaction of Nasdaq's listing requirements, receipt of all required regulatory approvals and completion of customary listing processes. There can be no assurance that the company's Nasdaq listing application will be approved or that a listing of the company's common shares on Nasdaq will be completed.

Further to the news releases dated April 24, 2026, May 4, 2026, and Aug. 4, 2026, the company is continuing to progress towards closing of the $15-million (U.S.) non-brokered private placement offering of common shares at a price of $2.05 per share with an existing strategic investor and a new strategic investor. The existing strategic investor has reconfirmed to the company its intention to backstop the contemplated investment by the new strategic investor.

About Allied Critical Metals Inc.

Allied Critical Metals is a Canadian-based mining company focused on the advancement and revitalization of its 100-per-cent-owned Borralha tungsten project and the Vila Verde tungsten project in northern Portugal.

The Borralha project is one of the largest undeveloped tungsten resources within the European Union and benefits from a favourable environmental impact declaration (DIA), positioning the project for advancement toward feasibility and development. Vila Verde represents additional exploration upside within the same strategic jurisdiction.

Tungsten has been designated a critical raw material by the United States and the European Union due to its strategic importance in defence, aerospace, manufacturing, automotive, electronics and energy applications. Currently, China, Russia and North Korea account for approximately 87 per cent of global tungsten supply and reserves, highlighting the importance of secure Western sources.

Further details regarding the Borralha project are available in the company's National Instrument 43-101 preliminary economic assessment technical report dated April 14, 2026, filed on SEDAR+ and on the company's website.

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