Mr. Nolan Peterson reports

ATLAS SALT APPOINTS MARK STEWART AS CHIEF FINANCIAL OFFICER, PROMOTES ROBERT BOOTH TO CHIEF OPERATING OFFICER

Effective Aug. 4, 2026, Atlas Salt Inc. has appointed Mark Stewart, CPA, CA, to the positions of chief financial officer and corporate secretary; the promotion and has appointed Robert Booth, PEng, PMP, to the position of chief operating officer; and has promoted Andrew Smith, PEng, ICDD, to the position of director of project strategy and execution.

Nolan Peterson, chief executive officer and director, commented: "Our Great Atlantic salt project's quality deserves a leadership team to match, and today's appointments further strengthen the exceptional team we are building at Atlas Salt. Mark Stewart brings the financial leadership and strategic experience to help guide the company through its next phase of growth, while the promotions of Robert Booth, aka 'Bob the Builder' to chief operating officer and Andrew Smith to director of project strategy and execution recognize the outstanding leadership and significant contributions they have already made to advancing the Great Atlantic salt project. I am confident our strengthened leadership team positions Atlas Salt to successfully execute on the significant opportunity ahead."

Mark Stewart career highlights include:

• 25-plus years of executive broad finance leadership across public mining and industrial companies;
• Most recently served as director, enterprise FP&A, at Teck Resources, responsible for enterprise-wide planning, growth projects and board reporting;
• Former finance executive with Yamana Gold, Barrick Gold and Aritzia supporting capital allocation, project evaluation, public company reporting and strategic transactions;
• Led the financial integration of Yamana's $3.5-billion (U.S.) acquisition of Osisko Gold;
• Operationalized the divestiture of Barrick's $3.6-billion African assets in an IPO (initial public offering) and listing on the London Stock Exchange;
• Negotiated a $300-million corporate credit facility while maintaining pricing in a challenging financing environment;
• Extensive experience in project finance, treasury, capital allocation, board reporting and corporate finance, supporting companies through development, financing and growth.

Mark Stewart, CFO, commented: "Having spent much of my career working with leading mining companies, I recognize that opportunities like the Great Atlantic salt project are rare. The combination of a high-quality asset, a thoughtful strategy and a leadership team focused on disciplined execution made the decision to join Atlas Salt an easy one. I am excited to help the company execute on the significant opportunity ahead and eager to get started."

Mr. Booth has been promoted to chief operating officer in recognition of the outstanding leadership and technical expertise he has demonstrated since joining Atlas Salt. In his expanded role, Mr. Booth will oversee all aspects of engineering, project development, construction planning, operational readiness and site operations management as the company advances the Great Atlantic salt project toward production.

Mr. Smith has been promoted to director of project strategy and execution in recognition of the significant contributions he has made to the strategic planning and execution of the Great Atlantic salt project. In his new and expanded role, Mr. Smith will continue to lead the integration of project strategy, execution planning and cross-functional co-ordination. He will also take on greater responsibilities for refining the company's salt marketing and distribution strategies, helping ensure the successful delivery of one of North America's most significant mine development projects.

Compensation securities issued

The company also announces that it has issued compensation securities to certain officers, consultants and advisers of the company. A total of 250,000 restricted share units (RSUs) have been issued with 50,000 RSUs vesting on Aug. 4, 2027, 100,000 RSUs vesting on Aug. 4, 2028, and 100,000 RSUs vesting on Aug. 4, 2029. A total of 750,000 stock options have been granted, with an exercise price of $1.39 per share, with the following vesting and expiration schedule:

• 50,000 options expiring Aug. 4, 2029, vesting on Feb. 4, 2027;
• 50,000 options expiring Aug. 4, 2029, vesting on Aug. 4, 2027;
• 200,000 options expiring Aug. 4, 2029, vesting on Aug. 4, 2027;
• 125,000 options expiring Aug. 4, 2031, vesting on Aug. 4, 2027;
• 200,000 options expiring Aug. 4, 2029, vesting on Aug. 4, 2028;
• 125,000 options expiring Aug. 4, 2031, vesting on Aug. 4, 2028.

The grant of the options and issuance of the RSUs is subject to the approval of the TSX Venture Exchange.

About Atlas Salt Inc.

Atlas Salt is developing North America's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement.

We seek Safe Harbor.