Mr. Rodrigo Roso reports

SCOTIA METALS ANNOUNCES RESUMPTION OF TRADING ON THE CSE

Further to Scotia Metals Corp.'s news release dated July 28, 2026, and in connection with the completion of its business combination with Scotia Lithium Corp., the common shares in the capital of the company shall resume trading on the Canadian Securities Exchange (the CSE) on Aug. 4, 2026, under the symbol SMET.

Following closing of the transaction, the company has: (i) 45,353,041 company shares issued and outstanding; (ii) up to 6.5 million company shares reserved for issuance upon exercise of 6.5 million warrants of Scotia Lithium Corp. outstanding; and (iii) up to 1,175,000 company shares reserved for issuance upon exercise of 1,175,000 options outstanding.

For further information, please refer to the company's filings, including the CSE Form 2A -- Listing Statement dated July 29, 2026, filed by the company under its SEDAR+ profile on July 31, 2026.

About Scotia Metals Corp.

Scotia Metals is in the business of acquiring and developing lithium and other battery metals projects.

The L3 project comprises a large, 100-per-cent-owned land package of approximately 1,200 square kilometres across 109 mineral licences, securing over 100 km of prospective lithium pegmatite strike in western Nova Scotia. The ground is strategically located along strike from Champlain Mineral Ventures' Brazil Lake lithium project and immediately south of the former East Kemptville tin mine. The area is highly underexplored, with multiple priority targets identified within the Silurian White Rock formation where coarse-grained pegmatites are associated with the South Mountain batholith. The project benefits from excellent infrastructure, including access to ports, power, roads, and proximity to Halifax and its international airport.

We seek Safe Harbor.