File: Attachment 2026-09-29 EWR Press Release.pdf

EARLY WARNING REPORT REGARDING LIBRA ENERGY MATERIALS INC.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario September 29, 2026 Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) ("LIBRA" or the "Issuer") announces that Koby Kushner and David Goodman, directors and officers of LIBRA have each filed on SEDAR+ (www.sedarplus.ca) an early warning report dated September 29, 2026, with respect to the acquisition of an aggregate of 1,200,000 common shares in the capital of LIBRA on September 17, 2026 (the "Transaction"). Filing of the early warning reports was inadvertently delayed.

Koby Kushner

On September 17, 2026, Koby Kushner ("Kushner") acquired 200,000 common shares at a price of $0.10 per share, pursuant to the Transaction. Prior to the Transaction, Kushner beneficially owned and controlled 6,954,957 common shares (of which 6,356,334 were held directly and 598,623 were held indirectly through Brie Inc., a company beneficially owned and controlled by Kushner), together with 425,000 stock options, representing 10.01% of the issued and outstanding shares of the Issuer on a non-diluted basis and approximately 10.56% on a partially diluted basis.

Following completion of the Transaction, Kushner beneficially owns and controls 7,154,957 common shares (of which 6,356,334 are held directly and 798,623 are held indirectly through Brie Inc., a company beneficially owned and controlled by Kushner) together with 425,000 stock options, representing 8.64% of the issued and outstanding shares of the Issuer on a non-diluted basis and 9.11% on a partially diluted basis.

Subsequent to the Transaction, LIBRA issued an aggregate of 9,602,908 common shares pursuant to additional private placement financings. As a result, while the number of common shares (and stock options) beneficially owned or controlled by Kushner remains unchanged, the percentage held by Kushner has been further reduced from 8.64% to 7.74% on a non-diluted basis and from 9.11% to 8.17% on a partially diluted basis.

David Goodman

On September 17, 2026, David Goodman ("Goodman") acquired 1,000,000 common shares at a price of $0.10 per share, pursuant to the Transaction. Prior to the Transaction, Goodman beneficially owned and controlled 9,744,117 common shares (of which 5,000,000 were held directly, 294,117 were held indirectly through GFI Investment Counsel Ltd. and 4,450,000 were held indirectly through The D2 Financial Corporation, both companies beneficially owned and controlled by Goodman) together with 300,000 stock options, representing 14.03% of the issued and outstanding shares of the Issuer on a non-diluted basis and 14.40% on a partially diluted basis.

Following completion of the Transaction, Goodman beneficially owns and controls 10,744,117 common shares (of which 5,000,000 are held directly, 294,117 are held indirectly through GFI Investment Counsel Ltd. and 5,450,000 are held indirectly through The D2 Financial Corporation, both companies beneficially owned and controlled by Goodman) together with 300,000 stock options, representing 12.98% of the issued and outstanding shares of the Issuer on a non-diluted basis and 13.29% on a partially diluted basis.

Subsequent to the Transaction, LIBRA issued an aggregate of 9,602,908 common shares pursuant to private placement financings. As a result, while the number of common shares (and stock options) beneficially owned or controlled by Goodman remains unchanged, the percentage held by Goodman has been further reduced from 12.98% to 11.63% on a non-diluted basis and from 13.29% to 11.92% on a partially diluted basis.

The common shares were acquired for investment purposes. Neither Kushner nor Goodman have any present intention to dispose of any common shares. In the future, Kushner or Goodman may, from time to time, increase or decrease their ownership, control or direction over securities of the Issuer held by them through market transactions, private agreements or otherwise, depending on market conditions, the business and prospects of the Issuer, and other relevant factors.

The Transaction was conducted in reliance on the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Accordingly, the Shares issued in the LIFE Offering are not subject to resale restrictions pursuant to applicable Canadian securities laws.

This news release is being issued pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a corresponding early warning report to be filed in accordance with applicable securities laws (the "Early Warning Report"). A copy of the Early Warning Reports are available under the Issuer's profile on SEDAR+ (www.sedarplus.ca). The Issuer's head office is located at Suite 301, 15 Toronto St., Toronto, Ontario, M5C 2E3. A copy of the Early Warning Reports can be obtained by contacting either Koby Kushner or David Goodman at the Issuer's head office or by telephone at 1-416-846-6164.

About Libra Energy Materials Inc.

LIBRA (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. LIBRA's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Quebec, located adjacent to Q2 Metals' Cisco deposit -- the largest hard-rock lithium deposit in the Western Hemisphere. LIBRA's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company. In addition, LIBRA holds a broader portfolio of battery metals projects across Canada and Brazil. The LIBRA team comprises a mix of seasoned executives, engineers, and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and First Nations engagement.

For more information, please contact Libra Energy Materials Inc.:

Koby Kushner, P.Eng., CFA Chief Executive Officer and Director Email: kkushner@libraenergymaterials.com Telephone: 416-846-6164

Website: libraenergymaterials.com LinkedIn: linkedin.com/company/libra-energy-materials Instagram: @libraenergymaterials X: @LibraEnergyMats

Forward Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such statements relate to future events and include, without limitation, statements regarding the Option Agreement and the Company's ability to satisfy the conditions thereunder, exploration programs on the Projects, prospecting and exploration activities, geological interpretations, permitting and licensing, community engagement, timing of exploration activities, reliance on third parties, and other risks associated with the natural resources industry. All statements other than historical facts are forward-looking statements.

These forward-looking statements are based on assumptions and expectations considered reasonable by management at the time they were made; however, no assurance can be given that such expectations will prove correct. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. Accordingly, readers should not place undue reliance on such statements.

The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update or revise them, except as required by applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

File: '\\swfile\EmailIn\20260929 161604 Attachment 2026-09-29 EWR Press Release.docx'

EARLY WARNING REPORT REGARDING LIBRA ENERGY MATERIALS INC.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario - September 29, 2026 - Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) ("LIBRA" or the "Issuer") announces that Koby Kushner and David Goodman, directors and officers of LIBRA have each filed on SEDAR+ (www.sedarplus.ca) an early warning report dated September 29, 2026, with respect to the acquisition of an aggregate of 1,200,000 common shares in the capital of LIBRA on September 17, 2026 (the "Transaction"). Filing of the early warning reports was inadvertently delayed.

Koby Kushner

On September 17, 2026, Koby Kushner ("Kushner") acquired 200,000 common shares at a price of $0.10 per share, pursuant to the Transaction. Prior to the Transaction, Kushner beneficially owned and controlled 6,954,957 common shares (of which 6,356,334 were held directly and 598,623 were held indirectly through Brie Inc., a company beneficially owned and controlled by Kushner), together with 425,000 stock options, representing 10.01% of the issued and outstanding shares of the Issuer on a non-diluted basis and approximately 10.56% on a partially diluted basis.

Following completion of the Transaction, Kushner beneficially owns and controls 7,154,957 common shares (of which 6,356,334 are held directly and 798,623 are held indirectly through Brie Inc., a company beneficially owned and controlled by Kushner) together with 425,000 stock options, representing 8.64% of the issued and outstanding shares of the Issuer on a non-diluted basis and 9.11% on a partially diluted basis.

Subsequent to the Transaction, LIBRA issued an aggregate of 9,602,908 common shares pursuant to additional private placement financings. As a result, while the number of common shares (and stock options) beneficially owned or controlled by Kushner remains unchanged, the percentage held by Kushner has been further reduced from 8.64% to 7.74% on a non-diluted basis and from 9.11% to 8.17% on a partially diluted basis.

David Goodman

On September 17, 2026, David Goodman ("Goodman") acquired 1,000,000 common shares at a price of $0.10 per share, pursuant to the Transaction. Prior to the Transaction, Goodman beneficially owned and controlled 9,744,117 common shares (of which 5,000,000 were held directly, 294,117 were held indirectly through GFI Investment Counsel Ltd. and 4,450,000 were held indirectly through The D2 Financial Corporation, both companies beneficially owned and controlled by Goodman) together with 300,000 stock options, representing 14.03% of the issued and outstanding shares of the Issuer on a non-diluted basis and 14.40% on a partially diluted basis.

Following completion of the Transaction, Goodman beneficially owns and controls 10,744,117 common shares (of which 5,000,000 are held directly, 294,117 are held indirectly through GFI Investment Counsel Ltd. and 5,450,000 are held indirectly through The D2 Financial Corporation, both companies beneficially owned and controlled by Goodman) together with 300,000 stock options, representing 12.98% of the issued and outstanding shares of the Issuer on a non-diluted basis and 13.29% on a partially diluted basis.

Subsequent to the Transaction, LIBRA issued an aggregate of 9,602,908 common shares pursuant to private placement financings. As a result, while the number of common shares (and stock options) beneficially owned or controlled by Goodman remains unchanged, the percentage held by Goodman has been further reduced from 12.98% to 11.63% on a non-diluted basis and from 13.29% to 11.92% on a partially diluted basis.

The common shares were acquired for investment purposes. Neither Kushner nor Goodman have any present intention to dispose of any common shares. In the future, Kushner or Goodman may, from time to time, increase or decrease their ownership, control or direction over securities of the Issuer held by them through market transactions, private agreements or otherwise, depending on market conditions, the business and prospects of the Issuer, and other relevant factors.

The Transaction was conducted in reliance on the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Accordingly, the Shares issued in the LIFE Offering are not subject to resale restrictions pursuant to applicable Canadian securities laws.

This news release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a corresponding early warning report to be filed in accordance with applicable securities laws (the "Early Warning Report"). A copy of the Early Warning Reports are available under the Issuer's profile on SEDAR+ (www.sedarplus.ca). The Issuer's head office is located at Suite 301, 15 Toronto St., Toronto, Ontario, M5C 2E3. A copy of the Early Warning Reports can be obtained by contacting either Koby Kushner or David Goodman at the Issuer's head office or by telephone at 1-416-846-6164.

About Libra Energy Materials Inc.

LIBRA (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. LIBRA's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Quebec, located adjacent to Q2 Metals' Cisco deposit - the largest hard-rock lithium deposit in the Western Hemisphere. LIBRA's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company. In addition, LIBRA holds a broader portfolio of battery metals projects across Canada and Brazil. The LIBRA team comprises a mix of seasoned executives, engineers, and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and First Nations engagement.

For more information, please contact Libra Energy Materials Inc.:

Koby Kushner, P.Eng., CFA

Chief Executive Officer and Director

Email: kkushner@libraenergymaterials.com

Telephone: 416-846-6164

Website: libraenergymaterials.com

LinkedIn: linkedin.com/company/libra-energy-materials

Instagram: @libraenergymaterials

X: @LibraEnergyMats

Forward Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such statements relate to future events and include, without limitation, statements regarding the Option Agreement and the Company's ability to satisfy the conditions thereunder, exploration programs on the Projects, prospecting and exploration activities, geological interpretations, permitting and licensing, community engagement, timing of exploration activities, reliance on third parties, and other risks associated with the natural resources industry. All statements other than historical facts are forward-looking statements.

These forward-looking statements are based on assumptions and expectations considered reasonable by management at the time they were made; however, no assurance can be given that such expectations will prove correct. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. Accordingly, readers should not place undue reliance on such statements.

The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update or revise them, except as required by applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.