Mr. Abraham Drost reports

ANTEROS METALS ANNOUNCES APPOINTMENT OF ABRAHAM DROST AS EXECUTIVE CHAIRMAN AND AMENDED PRICING OF NON-BROKERED PRIVATE PLACEMENT

Anteros Metals Inc. has appointed Abraham Drost, MSc, PGeo, as executive chairman of the board of directors, effective immediately, and has amended the pricing of its previously announced non-brokered private placement.

Mr. Drost is a registered professional geoscientist (Ontario) and is president of Rift Minerals Inc., partnered with Anteros on the Seagull critical mineral project near Thunder Bay, Ont. Mr. Drost is also currently chairman of Vinland Lithium Inc. Notably, Mr. Drost was formerly chief executive officer, president and director of Carlisle Goldfields Ltd. at the time of its merger with Alamos Gold Inc. and its Lynn Lake gold assets. He was the founding president, CEO and director of Premier Royalty Inc. at the merger with Sandstorm Gold Inc. He was also former president, CEO and director of Mega Precious Metals Inc. at the time of its merger with Yamana Gold Inc. In addition, Mr. Drost previously served as president and director of Sabina Gold & Silver Corp.

Seagull project exploration

Anteros is in the process of vesting a 20-per-cent phase 1 interest in the Seagull project, which is currently being explored for hydrogen and helium, as well as platinum, palladium, copper and nickel potential. The company recently reported base metal and platinum group element assay results from drill hole RM26-01 at the project, located approximately 80 kilometres northeast of Thunder Bay, Ont. The project is operated by Rift Minerals Inc. under the option and joint venture agreement announced Oct. 9, 2025, pursuant to which Anteros may earn an up-to-49-per-cent interest.

Preparations are under way to resume drilling by late April to early May, 2026, subject to field conditions. This next phase will leverage historical drill holes to further evaluate hydrogen and helium potential of gas-bearing structures as reported previously.

Statements from the board

"We welcome Mr. Drost as executive chairman of Anteros," said Bill Kennedy, director and founder. "Abraham is a seasoned explorationist who has overseen multiple merger-driven liquidity events. His experience and financial network will be a strong asset to shareholders. The observation of gas indications in three holes, including historical sustained flow in WM01-08, provides compelling evidence of an active gas system on the project. Combined with our upcoming drill program, we believe we are entering a highly active phase of exploration with the potential to unlock significant value across both the gas and PGE targets."

Incoming executive chairman Mr. Drost stated: "In addition to Seagull, the Havens Steady and Strickland projects in Newfoundland are compelling exploration opportunities."

In addition, the company announces that Emily Halle will step down from her role as director and transition into a strategic adviser position, where she will continue to support Anteros with her geological expertise and continuing contributions to the company's exploration strategy. Anteros thanks Ms. Halle for her service as director and welcomes her continued involvement as strategic adviser.

Amendment to private placement

Further to the company's press release of Feb. 23, 2026, the company announces that it has amended the terms of the offering, consisting of: (i) units of the company at a price of five cents per unit; and (ii) flow-through units of the company at a price of 6.5 cents per FT unit, for aggregate gross proceeds of up to $1-million.

Each unit shall be composed of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of 10 cents for a period of two years from the date of issuance from the date of issuance, provided, however, that, should the closing price at which the common shares trade on the Canadian Securities Exchange (or any such other stock exchange in Canada as the common shares may trade at the applicable time) exceed 15 cents for 10 consecutive trading days at any time following the date that is four months and one day after the date of issuance, the company may accelerate the warrant term such that the warrants shall expire on the date which is 30 business days following the date a press release is issued by the company announcing the reduced warrant term.

Each FT unit shall be composed of one common share, issued on a flow-through basis, and one-half of one whole warrant. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government's critical mineral exploration tax credit.

Finally, the company wishes to announce that it has granted an aggregate of 2.7 million stock options to certain officers, directors and consultants of the company. These options are exercisable at a price of 6.5 cents per common share and shall expire on the date that is five years from the date of grant.

Qualified person

The scientific and technical information in this release has been reviewed and approved by Dr. Geoff Heggie, PGeo, a qualified person under National Instrument 43-101.

About Anteros Metals Inc.

Anteros is a Canadian mineral exploration company focused on advancing projects in Newfoundland and Labrador and other Canadian jurisdictions targeting critical minerals.

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