Mr. Hugh Rogers reports

NEXCEL METALS ANNOUNCES APPOINTMENT OF MR. RUAN KROUKAMP AS A STRATEGIC ADVISOR TO ASSIST IN ADVANCING BURNT HILL TUNGSTEN PROJECT

Nexcel Metals Corp. has appointed Ruan Kroukamp, BTech (chemical engineering), BSc (honours) (metallurgy), MBA, PMP, as metallurgical adviser to the company. Mr. Kroukamp will advise the company on metallurgical strategy, flow sheet optimization and process evaluation for material from its Burnt Hill tungsten project in New Brunswick, Canada.

Mr. Kroukamp is a metallurgical professional with over 22 years of global experience in project development, operations management and mineral processing across the ferrous, base and precious metal sectors. His expertise spans comminution, flotation, sensor-based ore sorting, both pyrometallurgy and hydrometallurgy, as well as equipment testing and novel flow sheet design. He has a strong background in project governance, EPCM (engineering, procurement and construction management) execution, financial analysis, and operational readiness planning for large-scale mining and processing operations.

Mr. Kroukamp currently serves as studies manager at Ausenco (2024 to present) and previously held senior roles, including senior project/study manager at Glencore Technology (2021 to 2024) and operations director at Cronimet Group (2013 to 2021). Earlier in his career, he held positions with Tomra Sorting Solutions, Magotteaux and Impala Platinum, gaining hands-on experience in metallurgical plant operations, process optimization and refinery expansion projects.

Notably, Mr. Kroukamp has direct tungsten project experience, including serving as operations director for the expansion and restart of the Mount Carbine tungsten mine in Queensland, Australia (2019). He also led the Panasqueira tungsten sorter plant project in Portugal, focused on scavenging tungsten from dense media separation discards using modular X-ray sorting technology. In addition, he co-wrote a technical paper presented at the AusIMM Preconcentration Digital Conference (2020) titled "Preconcentration at Mount Carbine Tungsten Mine using sensor-based ore sorting," highlighting innovative approaches to tungsten recovery and preconcentration.

Throughout his career, Mr. Kroukamp has directed feasibility and prefeasibility studies for major mining expansions and restarts globally, including large-scale copper, polymetallic sulphide, tin and specialty metals projects with capital values ranging from tens of millions to hundreds of millions of U.S. dollars. His background includes strategic phased development planning, continuous improvement implementation and closing operational performance gaps in active operations.

At the company's Burnt Hill tungsten project, Mr. Kroukamp will:

• Review and assess historical metallurgical test work and recovery data;
• Assist in designing modern confirmatory metallurgical programs;
• Evaluate preconcentration opportunities, including potential ore-sorting applications;
• Support development of optimized flow sheets aimed at maximizing tungsten recovery and concentrate quality;
• Provide strategic input on phased project development and operational readiness.

"Ruan brings an exceptional depth of tungsten-specific operational and metallurgical experience," stated Hugh Rogers, chief executive officer of Nexcel Metals. "His direct involvement in the restart and expansion of Mount Carbine and his work on tungsten preconcentration projects provide Nexcel with valuable insight as we evaluate historical data and design modern metallurgical programs for Burnt Hill. His experience working with global engineering groups and major mining companies strengthens our technical foundation as we advance the project."

Tungsten is classified as a critical mineral in multiple jurisdictions due to its importance in defence, aerospace, tooling, electronics and advanced manufacturing applications. Nexcel believes that early and technically rigorous metallurgical planning is essential to unlocking value and reducing development risk at Burnt Hill.

The company looks forward to working closely with Mr. Kroukamp as it advances technical evaluation and exploration planning at the Burnt Hill tungsten project.

The company shall grant the adviser 50,000 stock options pursuant to the company's stock option plan. Each option shall entitle the consultant to acquire one common share of the company at an exercise price equal to the market price on the date of grant, in accordance with the option plan.

About the Burnt Hill tungsten project

The Burnt Hill tungsten/molybdenum property covers approximately 1,540 hectares in central New Brunswick and hosts a National Instrument 43-101 indicated resource of 1,761,000 tonnes within an open-pit and underground averaging 0.292 per cent WO3 (tungsten trioxide), 0.007 per cent MoS2 (molybdenum disulphide) and 0.008 per cent SnO2 (tin oxide), along with a further 1,520,000 inferred tonnes averaging 0.263 per cent WO3, 0.008 per cent MoS2 and 0.005 per cent SnO2, as presented below. Also presented below, extracted from the 2013 resource report, is a statement of contained metal. In addition to the deposit area of the property, there are several other areas of identified tin, tungsten and molybdenum mineralization within the property boundary not yet at the resource stage.

Qualified person

Francis Newton, PGeo, a consultant of the company and a qualified person as defined in NI 43-101, Standards of Disclosure for Mineral Projects, has reviewed, verified and approved the scientific and technical information contained in this news release. Mr. Newton is not independent of the company.

About Nexcel Metals Corp

Nexcel Metals is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on the Lac Ducharme project, located in the province of Quebec, and the Burnt Hill project, located in the province of New Brunswick.

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