Mr. Paul Wood reports

BTU CLOSES OVERSUBSCRIBED FINANCING

BTU Metals Corp. has closed its previously announced non-brokered private placement (see news release dated March 17, 2026), which is oversubscribed, for aggregate gross proceeds of $663,900. The financing consisted of 11,065,000 units priced at six cents per unit.

Proceeds raised from the offering will be used to advance exploration programs across its Ontario project portfolio, including Red Lake and Wawa, and for general working capital.

Each unit comprises one common share of the company and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one common share of BTU Metals at a price of 10 cents for a period of 12 months following the closing of the offering.

In connection with the oversubscribed offering, the company paid finders' fees to eligible finders consisting of $16,981.20 in cash and 283,020 non-transferable common share purchase warrants. Each finder warrant is exercisable to acquire one common share in the capital of the company at an exercise price of 7.5 cents per common share for a period of 12 months from the date of issuance.

A senior officer of the corporation has subscribed for an aggregate of 170,000 units as part of the private placement, which participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and Policy 5.9 of the TSX Venture Exchange. The corporation is relying on the exemption for a formal valuation under Section 5.5(b) of MI 61-101 (trading on the TSX-V) and the exemption for minority shareholder approval under Section 5.7(1)(b) of MI 61-101 (fair market value of less than $2.5-million).

The securities issued under the offering and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. Closing of the offering is subject to approval of the TSX-V.

Paul Wood, chief executive officer of BTU Metals, stated: "We are pleased to close this oversubscribed financing and welcome new shareholders to BTU. With this funding, alongside our recent flow-through financing, we are well positioned to advance exploration across our Red Lake and Wawa projects and build on the momentum outlined in our Feb. 12 update."

Bruce Durham, PGeo, vice-president, exploration, of the company, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this press release.

About BTU Metals Corp.

BTU Metals Corp. is a junior mining exploration company. BTU's primary assets are the Dixie Halo project located in Red Lake, Ont. (optioned to Kinross), immediately adjacent to Kinross's Great Bear project and its gold and critical minerals properties in the active Wawa gold district. The company continues to look to acquire high-quality exploration projects to add to its portfolio for the benefit of its stakeholders. The company has no debt and minimal property obligations.

We seek Safe Harbor.