Mr. Brad Brodeur reports

CANAMERA ANNOUNCES CLOSING OF RIGHTS OFFERING

Canamera Energy Metals Corp. has closed its previously announced rights offering to eligible holders of its common shares. At closing, the company had 153,099,226 common shares issued and outstanding, including 76,524,613 common shares issued pursuant to the rights offering at a price of one cent per common share for aggregate gross proceeds of $765,246.13.

The rights offering expired at 4 p.m. Vancouver time on Oct. 9, 2026, after which time unexercised rights became void.

As previously announced, in connection with the rights offering, the company entered into a standby guarantee agreement with 1357508 B.C. Ltd. (135 B.C.) and Nico Consulting Inc., pursuant to which the standby guarantors agreed to subscribe for such number of common shares as necessary to guarantee the rights offering resulted in gross proceeds to the company of not less than $765,246.13.

As the additional subscription privilege was oversubscribed, the standby guarantors did not purchase any common shares pursuant to the standby guarantee.

In consideration for providing the standby guarantee, the company paid to the standby guarantors an aggregate standby fee of $38,262.30 ($19,131.15 to 135 B.C. and $19,131.15 to Nico) and issued to them an aggregate of 7,652,460 non-transferable common share purchase warrants, entitling them to purchase (in aggregate) a total of 7,652,460 common shares (3,826,230 bonus warrants to 135 B.C. and 3,826,230 bonus warrants to Nico), at a price of 18 cents per common share at any time prior to 4 p.m. Vancouver time on Oct. 9, 2031.

No common shares were distributed to insiders under the basic subscription privilege nor the additional subscription privilege. Thirty-five million one hundred eighty-nine thousand two hundred ninety-seven common shares were distributed to all other persons as a group under the basic subscription privilege and 41,335,316 common shares were distributed to all other persons as a group under the additional subscription privilege. To the knowledge of the company after reasonable inquiry, no person that was not an insider of the company before the rights offering became an insider as a result of the rights offering.

The proceeds of the rights offering are expected to be used for exploration expenditures on the company's Turvolandia rare earth project in Brazil, for mineral claim management expenses for the company's properties in Colorado and Wyoming, and for general and administrative expenses. The company also notes that it will continue to pursue other capital raising initiatives.

About Canamera Energy Metals Corp.

Canamera Energy Metals is a critical minerals exploration company building a diversified portfolio of interests in energy metals and rare earth element (REE) projects across the Americas, including the Rare Earth Ridge REE-niobium project, and options on the Schryburt Lake, Waterslide and Garrow REE and niobium projects in Ontario, the Great Divide Basin uranium project in Wyoming, the Turvolandia and Sao Sepe REE projects in Brazil, and the Mantle project in British Columbia. Across this portfolio, Canamera targets underexplored regions with strong geological signatures and supportive jurisdictions, applying geochemical, geophysical and geological data sets to generate and advance high-conviction, first-mover exploration targets.

We seek Safe Harbor.