Mr. Harry Chew reports

ARCTIC FOX ANNOUNCES CORRECTION TO PRIVATE PLACEMENT TERMS

Arctic Fox Lithium Corp. has clarified and corrected the terms of the non-brokered private placement previously announced on Nov. 13, 2025.

In the original announcement, the company disclosed its intention to complete a private placement of up to one million common shares at a price of 10 cents per share. The company wishes to advise that the disclosure was made in error. The company now intends to complete a non-brokered private placement of up to 1.5 million units at a price of 10 cents per unit for gross proceeds of up to $150,000.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of 12 cents per share for a period of 24 months from the date of issuance.

All other terms of the private placement remain unchanged from those disclosed in the original announcement. All securities issued pursuant to the private placement will be subject to a hold period of four months plus one day in accordance with applicable securities laws.

The closing of the private placement remains subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.

About Arctic Fox Lithium Corp.

Arctic Fox is a junior mineral exploration company focused on the acquisition and development of mineral properties containing battery, base and precious metals. The company's 2,756-hectare Pontax North lithium project is located 12 kilometres south of Allkem Ltd.'s James Bay lithium project and 12 kilometres north of Stria Lithium Inc.'s Pontax lithium project, located in Northern Quebec, approximately 130 kilometres east of the Eastmain Cree Nation community.

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