Mr. Troy Grant reports

EARLY WARNING REPORT -- CORRECTION OF SHARE OWNERSHIP AND PERCENTAGE OF SECURITIES

On April 10, 2026, Elcora Advanced Materials Corp. announced that Skyline Resources Trading FZE acquired a total of 6,242,005 units of the company, at a price of 12 cents per unit, in connection with a private placement. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at a price of 16 cents for a period of 24 months from the date of issuance.

The previous news release and early warning report inadvertently omitted the inclusion of 88,000 restricted share units (RSUs) of the company in the subscriber's prior holdings.

The subscriber has acquired 6,242,005 units under the offering. Prior to the offering, the subscriber held no common shares or warrants of the company and held 88,000 RSUs of the company, representing 0.52 per cent of the then-issued and outstanding common shares. Following the issuance of the units, the subscriber beneficially owns and controls 6,242,005 common shares, 6,242,005 warrants and 88,000 RSUs, representing approximately 14.85 per cent of the company's issued and outstanding common shares on an undiluted basis, and 18.76 per cent (not 18.63 per cent as previously reported) on a partially diluted basis, assuming exercise of the warrants and conversion of the RSUs.

The subscriber acquired the units for investment purposes. The subscriber may, depending on market conditions and other relevant factors, increase or decrease its beneficial ownership, control, direction or economic exposure to securities of the company from time to time through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. A copy of the corrected early warning report filed by the subscriber may be obtained by contacting the company at 604-687-2038.

About Elcora Advanced Materials Corp.

Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine and produce battery related minerals and metals. As part of the vertical integration strategy, Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.

We seek Safe Harbor.