Mr. Tero Kosonen reports

FINEX METALS ANNOUNCES COMPLETION OF THE PHASE I DRILLING AND SAMPLING CAMPAIGN AT ITS 100%-OWNED KERO GOLD PROJECT, FINLAND

Finex Metals Ltd. has completed a diamond drill program and top-of-bedrock and bottom-of-till (ToB/BoT) sampling campaign at its 100-per-cent-owned, royalty-free Kero gold project in northern Finland. Kero is located approximately 15 kilometres southeast of Agnico Eagle's Kittila gold mine, Europe's largest primary gold mine and 20 km northwest of the multimillion-ounce Ikkari gold deposit, now owned by Agnico Eagle following its acquisition of Rupert Resources Ltd.

Highlights:

• Drilling completed at Kero: A total of 2,001 metres of diamond core drilling was completed across 10 holes at Target A and Target C. These targets were described in detail in the Finex news release dated July 22, 2026.
• Drill core is currently being logged with samples to be sent to ALS Laboratories for analyses.
• Top-of-bedrock/bottom-of-till sampling: A total of 694 bedrock and soil samples were collected across three priority targets within the northern part of the Kero licence area with the objective to define new drill targets.
• District-scale setting: Kero is strategically located in the Central Lapland greenstone belt, between Agnico Eagle's Kittila mine and the Ikkari deposit, two major gold systems in one of Europe's most important gold districts.

Tero Kosonen, chairman and chief executive officer of Finex, states: "We are pleased to successfully complete our phase I program at Kero, highlighted by 2,001 metres of diamond drilling and 694 bedrock and till samples collected. This work strengthens our footprint in one of Europe's most exciting gold districts and positions us well for future programs. I want to thank our Finnish field team and our service providers for the outstanding work carried out on this summer's drilling program. The program was completed safely, on schedule and within budget, reflecting the professionalism and technical expertise of everyone involved."

Kero exploration program

Diamond drilling -- 2,001 metres completed

The diamond drilling program comprises 10 drill holes totalling 2,001 metres from two priority targets (A and C). The holes tested continuations of historical gold intersections and geophysical-structural exploration targets previously described in the company's news release dated July 22, 2026.

• Target Area A: Six drill holes totalling 1,114 metres and ranging between 120 and 251 metres in length were completed to follow-up and expand the historical mineralization discovered by the Geological Survey of Finland (GTK). Following reinterpretation of historical geological data, Finex applied different azimuths to the drill holes to better constrain and test the prospective zone at depth and along strike. Hydrothermally altered volcanic rocks, intercalated with sulphidic graphitic shales, cherts and orogenic quartz veins were intersected within the target.

Historical GTK results include trenching which returned 6.2 metres grading 7.5 grams per tonne Au, and historical drill hole M372105R402 which returned 9.05 m grading 1.95 g/t Au from 142.5 m downhole, including 1.05 m grading 12.6 g/t Au.

• Target Area C: Target C is located approximately 1,000 metres south from Target A and is a prominent structural break in the bedrock as interpreted from magnetic and electromagnetic geophysical data. Finex tested Target C with four drill holes broadly perpendicular to the structure. Deeply weathered, sheared and hydrothermally altered bedrock was identified in all three drill holes KER26D005, 006 and 007. Drill hole KER26D008 tested the same west-southwest-trending magnetic break from another angle. Altogether, 887 metres of diamond drilling was completed on Target C.

Bedrock and bottom-of-till drilling -- 694 samples collected

As the Kero project area is almost entirely covered by two to five metres of glacial till, reaching up to 13 metres in places, a shallow top-of-bedrock and bottom-of-till drilling program was carried out over areas considered prospective for orogenic gold. A total of 694 samples were collected.

Bedrock and till samples were collected at 30-metre intervals along 150-metre spaced sample lines across targets in the northern part of the Kero licence area. Drilling was carried out using a base-of-till drilling rig, which collects in situ samples from the interface between the glacial till and the underlying bedrock.

Samples were collected in pairs at each sampling point, comprising a bedrock sample and a till sample taken 0.5 to 1.0 metre above the bedrock. The deeper bedrock samples provide direct lithological information, while the shallower till samples provide information on broader geochemical anomalies in gold and associated pathfinder elements.

About the Kero project

The Kero project is 100 per cent owned by Finex and is located in the Central Lapland greenstone belt of Northern Finland, within the same district as Agnico Eagle's Kittila gold mine and the Ikkari deposit. Pursuant to a news release dated Feb. 5, 2026, the company announced that an exploration licence was granted for Kero. Further information regarding the geological setting and historical work completed on Kero can be found in that news release on the Finex website.

About Finex Metals Ltd.

Finex Metals is a gold-, nickel- and platinum-group-element-focused mineral exploration company advancing a portfolio of 100-per-cent-owned, royalty-free projects in Northern Finland, strategically located in the Central Lapland and Eastern Lapland greenstone belts. Finex's projects are located near existing mining operations and benefit from strong infrastructure, a stable jurisdiction and a proven exploration model, supporting multiple exploration targets in one of Europe's most prospective and underexplored regions.

Finex Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies.

Qualified person and data verification

The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a qualified person ("QP") as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent of the company because he is a contractor and shareholder of the company.

The historical exploration data including drill results and channel sampling referenced in this release was generated by the GTK and has not been independently verified by Finex Metals; such data should not be relied upon as current and does not conform to the requirements of NI 43-101. The company's work programs include drilling, data verification and confirmatory sampling to support future NI 43-101-compliant disclosure.

Reported drill intercepts are considered down-hole core lengths and the true widths of the mineralized zones are not known. The proximity of Kero to the Kittila mine and Ikkari deposit does not imply that similar mineralization or results will be obtained at Kero.

We seek Safe Harbor.