Ms. Fiona Keating reports

TUNGSTEN EAGLE DEVELOPMENT CORP. ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

Dominic Stann and Avrom E. Howard have resigned as directors of Tungsten Eagle Development Corp., and Kevin Ma and Brett Halvorson have been appointed to the board of directors, effective Nov. 5, 2026. Mr. Howard will continue as vice-president, exploration, of the company.

"On behalf of the board, I would like to thank Dominic and Avrom for their contributions as directors, including their guidance through the completion of our transaction and listing on the CSE. We are pleased that Avrom will continue to lead our exploration work at Liberty Ridge, and we welcome Kevin and Brett to the board," said Fiona Keating, chief executive officer of the company.

Kevin Ma, CPA, CA, is the principal of Calibre Capital Partners Corp., a firm specializing in corporate finance advisory and corporate services. With more than 20 years of experience in financial management and public company operations, Mr. Ma is a chartered professional accountant holding a bachelor of arts from the University of British Columbia and a diploma in accounting from the Sauder School of Business at the University of British Columbia. He currently serves as an officer and/or director for several publicly listed and private companies within Calibre Capital's client portfolio.

Mr. Halvorson brings 15-plus years of expertise in corporate finance, capital strategy and financial operations across the agriculture, mining and technology sectors. Currently, as the chief financial officer of Virtuo, he leads financial planning and reporting, capital allocation, and strategic financial governance. His experience includes structuring complex financial frameworks, sourcing and deploying capital across multisector organizations, raising institutional capital, and establishing disciplined long-term financial strategy. Mr. Halvorson holds a bachelor of commerce from the University of Alberta and is a CFA charterholder.

Following these changes, the board of directors of the company consists of Ms. Keating, Ryan Cheung, Jason Latkowcer, Mr. .Ma and Mr. Halvorson, and the audit committee consists of Mr. Latkowcer (chair), Mr. Ma and Ms. Keating.

About Tungsten Eagle Development Corp.

Tungsten Eagle Development is a Canadian company focused on tungsten exploration at its Liberty Ridge property in Elko county, northeastern Nevada. The property comprises approximately 5,351 acres (2,165.5 hectares) and includes the site of the historical Mitchell silver mine.