Mr. Harry Barr reports

NEW AGE METALS INC. ANNOUNCES STRATEGIC PLANNING SERVICE AGREEMENT

New Age Metals Inc. has entered into an amended agreement with Lawrence & Company Growth Advisors Inc., dated April 23, 2026, to provide the company with strategic planning services to align the leadership team with an effective three-year strategic direction for growth and to strengthen operational procedures.

The company and the consultant have agreed the services to be received during the 2026 year of an aggregate value of $22,000 will be paid as $11,000 in cash and $11,000 in shares, plus applicable taxes, after the company has received the services as outlined in the attached table.

The deemed price of the securities to be issued will be determined after the date services are provided to the company in each period, calculated using the closing price on the TSX Venture Exchange on each of the dates as stated above. The issuance of the securities is subject to TSX Venture Exchange approval.

The consultant is an arm's length to the company and does not own, directly or indirectly, any shares of the company. This transaction would not create a new insider or control person. Any shares issued in connection with the agreement will be subject to a four-month-plus-one-day hold period in accordance with applicable securities regulations.

Under the terms of an initial agreement, the company and the consultant had agreed the $22,000 fee for services to be received would be paid in cash. Both parties expressed desire to amend the initial terms as outlined in the table.

About New Age Metals Inc.

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of critical green metal projects in North America. The company has three divisions: a platinum group element division, a lithium/rare metals division, an antimony-gold division, as well as an investment in Metalquest Mining Inc.'s high-purity Lac Otelnuk iron project.

The PGM division includes the 100-per-cent-owned, multimillion-ounce, district-scale River Valley project, one of North America's largest undeveloped platinum group element projects, situated 100 kilometres by road east of Sudbury, Ont. In addition to River Valley, New Age Metals owns 100 per cent of the Genesis PGM-Cu-Ni (platinum group metal, copper and nickel) project in Alaska.

In addition, on Jan. 21, 2026, the company recently expanded its platinum group metals portfolio through the acquisition of the Northern Shield PGM project in Ontario's Ring of Fire region, strengthening its exposure to district-scale mafic-ultramafic systems prospective for nickel, copper and platinum group elements.

On Feb. 26, 2026, the company also acquired the Platreef PGM and Escape East PGM projects, both PGM-Ni-Cu exploration properties located in Northwestern Ontario within and nearby the prospective Lac des Iles Igneous complex. The complex hosts Canada's only primary palladium-producing operation, owned and operated by Impala Canada Ltd., a wholly owned subsidiary of Impala Platinum Holdings Ltd.

New Age Metals' antimony-gold division is focused on advancing a district-scale land package in Newfoundland comprising 20,950 hectares across 11 non-contiguous properties. Six of these properties are located in the St. Alban's area along the Swanger's Cove and Little River mineralized trends, while the remaining five are strategically positioned along the same regional geological corridor as the past-producing Beaver Brook antimony mine and near New Found Gold's Queensway South gold project.

The company recently completed its phase 2 exploration program at the St. Alban's properties, which significantly advanced the project through the identification of high-grade, structurally controlled gold-antimony mineralization along an emerging approximately 16-kilometre Au-Sb (gold-antimony) trend. Highlights from phase 2 include grab samples returning up to 51.9 per cent antimony and 46.2 grams per tonne (g/t) gold at the Antimony Ridge property, confirming the strength and scale of this developing mineralized system. In response to these results, New Age Metals expanded its land position by staking an additional 40 claims (approximately 1,000 hectares), including the Pardy Head antimony occurrence, and has received approvals for trenching in preparation for the next phase of exploration. The company is now planning follow-up trenching and drill targeting for 2026 as it advances this highly prospective critical minerals and gold asset in Newfoundland.

The Bonanza Ridge gold and critical metals project has been significantly expanded with the option agreements for the Lavender Lake and South Gibi Lake properties, adding a combined approximately 5,216 hectares (approximately 12,889 acres) of prospective ground in the Kenora gold district of Northwestern Ontario. These properties, located about 25 kilometres southeast of Kenora, are strategically positioned along a favourable structural corridor adjacent to New Age Metals' flagship Bonanza gold property, and host known gold and copper occurrences with minimal modern exploration to date. The consolidated portfolio now comprises approximately 8,500 hectares of contiguous land within an emerging gold and critical metals jurisdiction, providing substantial opportunities for follow-up fieldwork, structural modelling, target generation and future drill campaigns.

The company has established a Kenora, Ont.-based field operations hub to support exploration activities across Northwestern Ontario and eastern Manitoba. The proposed facility would provide centralized logistical, technical and administrative support for regional exploration programs, and is expected to improve field efficiency and co-ordination.

The company's lithium division is one of the largest mineral claimholders in the Winnipeg River pegmatite field, where the company is exploring hard rock lithium and various rare elements such as tantalum, rubidium and cesium.

New Age Metals is developing its lithium division in conjunction with its farm-in/joint venture agreement with Mineral Resources Ltd. (MinRes), one of the world's largest lithium producers.

A minimum budget to maintain the projects has been approved by Mineral Resources for May, 2025, to April, 2026. Management is currently working on providing Mineral Resources a go-forward exploration program for spring, summer and fall of 2026.

In April, 2024, a $1.5-million NSERC Alliance grant was awarded to a collaboration led by the University of Manitoba (Dr. Fayek and Dr. Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals.

This research is focused on advancing Canada's critical metals sector, with New Age Metals' portion targeting its Bird River lithium properties. The 2025 work included core sampling and field visits. The project will likely extend beyond the original three-year term, due to its delayed start. The parties involved in this grant plan to meet over the next 60 days and will announce their plans for 2026 and beyond.

New Age Metals is supporting a successful $180,000 Mitacs research grant, awarded in 2023, through its $90,000 contribution (already accounted for and paid under the Mineral Resources joint venture).

This academic partnership with the University of New Brunswick and the University of British Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake-Winnipeg River field. MSc and postdoctoral research programs have recently been completed, and the company is reviewing the results with the academic institutions to assess how the findings may be incorporated into future exploration programs.

This collaboration provides access to top-tier scientific expertise and equipment, significantly reducing analysis costs and adding long-term value to the project.

The company is actively seeking an option/joint venture partner for our and its road-accessible Genesis PGM-Cu-Ni project in Alaska and results from its summer/fall program are expected by the end of the year.

On Aug. 6, 2025, New Age Metals announced an additional investment in a fourth critical metal. New Age Metals currently owns approximately 14.39 per cent of Metalquest Mining, which has ownership of the development-stage Lac Otelnuk iron project, located in the Labrador Trough in Quebec.

Metalquest Mining is developing one of North America's largest iron projects, where approximately $120-million has been spent on the project. High-purity iron became a critical metal federally in Canada and in the provinces of Quebec and Newfoundland and Labrador in 2024. In the summer of 2025, Metalquest Mining contracted AtkinsRealis, an international engineering company, to complete a GAP analysis on the Lac Otelnuk project and its 2015 feasibility study. Results are expected in Q1 (first quarter) 2026.

Metalquest Mining has expanded its presence in the Ontario Ring of Fire through the acquisition of both the ROF-1 project and the recently announced Fishhook polymetallic project. The Fishhook project further strengthens Metalquest's regional footprint, targeting polymetallic mineralization prospective for base and critical metals.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale. The company's philosophy is to be a project generator with the objective of optioning its projects with major and junior mining companies through to production.

We seek Safe Harbor.