Mr. Dwayne Yaretz reports

NORTH ATLANTIC TITANIUM CORP. PROVIDES ADDITIONAL INFORMATION ON THE APPLICATION FOR AN EVERETT PROJECT THREE-YEAR DRILLING PERMIT

Pursuant to the previous news release of July 14, 2026, North Atlantic Titanium Corp. has provided additional information regarding its submission for drilling permits for its program at the company's Everett titanium-vanadium-phosphate project, Havre-Saint-Pierre, Que.

The company holds the 2,406-hectare Everett property under option from Romaine River Titanium Inc. Pending on behalf of Romaine River and the company are a PAF (permit for forestry activities) and an ATI (permit for work with impact) for the drilling campaign only. After obtaining permits, the company will engage in, and finance, drilling in success-contingent stages. While awaiting responses regarding the drill permitting, the company is continuing the surface exploration and metallurgical sampling program.

The company's diamond drilling plans focus on confirming the 1951 and 1968 diamond drilling in the northern area of the exposed Everett oxide body, totalling approximately 25,000 metres across 20 drill pads, to be completed in three years or fewer. The northern area represents about 50 per cent of the Everett oxide body's tested surface strike length. The targeted body dips gently, about 20 to 30 degrees, to the east-southeast, and the testing work is described as follows:

• Forest impacts under the PAF application are minimal because North Atlantic Titanium is mostly brushing out historical drill trails for access. The work, when completed, will provide access to both the north and south areas of the 2.5-kilometre-long exposure of the oxide body.
• Stage 1 under the ATI application will comprise 6,000 m of widely spaced, west-oriented drilling between Section 9N and 19N along a swath 1,320 m along strike and 600 m downdip. This first stage will delineate the oxide body limits in the northern area, collect samples for assay and metallurgical analyses, and frame the follow-up drilling.
• Stage 2 under the ATI application will comprise success-contingent, west-oriented infill drilling to define a mineral resource estimate, requiring about 19,000 m of diamond drilling.
• Stage 1 drilling will commence upon acceptance of the ATI application. Stage 2 will likely begin in the late winter of 2026-2027.

Drilling target description -- targeting simple mineralogy

The mineralized unit on the property is an oxide-apatite-gabbronorite (Unit 7). Unit 7 is extensive, spanning more than six kilometres of strike length on the property. The main area of historical sampling and drilling within Unit 7 is outlined and named the Everett oxide body. The oxide body remains open along strike to the north and south, and downdip.

Corem completed mineralogical characterization on a composite sample set (Col154) from the Everett property. The Col154 composite was prepared from a subset of 57 metallurgical samples submitted by Romaine River to the Elements08 program and spans the entire oxide body. The sample had a weighted-average head grade measured by Corem of 37.0 per cent Fe2O3, 17.4 per cent TiO2, 0.18 per cent V2O5 and 2.27 per cent P2O5, with a Satmagan measurement of magnetite averaging a very low 0.9 per cent in the head sample. Importantly, Corem results determine that over 99 per cent of the oxides in the composite sample are hemo-ilmenite (FeTiO3). Together, the hemo-ilmenite and apatite comprise over 50 per cent of the sample.

Regional setting of the Everett oxide body

Drilling and evaluation of the Everett are informed by the geology and mineralization of the Grenville province of eastern Quebec, a region containing several major Proterozoic anorthosite-mangerite-charnockite-granite magmatic systems and associated deposits of iron, titanium and phosphorus. Everett and the nearby Lac Tio deposit are hosted by the Lac Allard anorthosite intrusion, which is dated at approximately 1.06 Ga. The Lac Allard anorthosite intrudes the broader Havre-Saint-Pierre anorthosite complex, which is 1.13 Ga in age.

The Lac Tio deposit is the world's largest hardrock ilmenite deposit. It contained more than 200 million tonnes premining at grades over 60 weight per cent hemo-ilmenite (FeTiO3). Rio Tinto's Quebec titanium dioxide operation supplies approximately 19 per cent of global titanium dioxide feedstock demand, sourced from the Lac Tio open pit and processed at the Sorel-Tracy metallurgical complex.

Everett oxide body lies only three kilometres from the Lac Tio mine. The Unit 7 gabbronorite of Everett occurs within the Lac Allard anorthosite. Perreault (2001) stated that the Everett mineralization is associated with a jotunite (gabbronorite) band about three km long and up to 300 m thick, composed of ilmenite, hematite, magnetite and apatite, with plagioclase and orthopyroxene. Locally, oxides and apatite may make up as much as 50 per cent of the rock. The Corem analysis confirms similar petrography but shows a predominantly enstatite composition, yielding an oxide-apatite noritic gabbro classification, as in Lac Tio and nearby ilmenite deposits.

Lac Tio and Everett are both characterized by dominant hemo-ilmenite mineralization. However:

• Lac Tio is a massive hemo-ilmenite cumulate representing an extreme oxide accumulation within the Lac Allard magmatic system formed from multiple pulses of magma; mineral separates characterize hemo-ilmenite containing 1.6 to 3.2 weight per cent MgO in the deposit.
• In contrast, Everett is hosted by a layered intrusion with an uncommon jotunite affinity, termed an oxide-apatite-gabbronorite, with evidence of higher volatile contents such as phosphorus (apatite), and semi-massive hemo-ilmenite with significantly lower magnesium, manganese, chromium and aluminum than Lac Tio. The Corem hemo-ilmenite sample, for example, has a mean MgO content of 0.38 per cent.

The relatively low MgO values observed in the Everett oxide mineralization are consistent with an evolved magmatic differentiation model and distinguish the Everett system chemically from classical anorthosite-hosted iron-titanium deposits. Rather than being a direct analogue of the nearby massive hemo-ilmenite orebody at the Lac Tio mine, the Everett oxide body is being drill-tested for its distinctive polymetallic mineral assemblage. The Everett is shown in the Corem testing to have the potential for a low-Mg/Cr hemo-ilmenite concentrate, with potential co-products of apatite (phosphorus) and vanadium. The project therefore represents a broader Fe-Ti-V-P critical mineral opportunity than that of a conventional titanium orebody.

Dwayne Yaretz, chief executive officer of North Atlantic Titanium, stated: "Metallurgical results reinforce the company's strategy to advance a secure, domestic critical minerals processing supply chain in Canada -- supporting defence readiness and the reshoring of Western titanium metal production. Our Stage 1 program will define our technical program and follow-up drilling for the next 18 to 24 months."

About North Atlantic Titanium Corp.

North Atlantic Titanium is focused on developing the Everett titanium-vanadium project in Quebec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que.

Qualified person

Julien Davy, PGeo, MSc, MBA, independent consultant, a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has approved the technical information about the Everett property in this news release.

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