Mr. Michael Murphy reports

SOUTH PACIFIC METALS CORP. PROVIDES CLARIFYING DISCLOSURE REGARDING MARKETING AGREEMENT WITH I2I MARKETING GROUP, LLC

South Pacific Metals Corp. has corrected certain disclosure contained in its news releases dated June 5, 2026, June 16, 2026, and Aug. 31, 2026, concerning the on-line marketing agreement dated June 5, 2026, as amended, between the company and i2i Marketing Group LLC.

Clarification of securityholdings of i2i and its authorized individuals

The company's news releases dated June 5, 2026, and Aug. 31, 2026, each stated that, to the knowledge of the company, i2i does not have any interest, directly or indirectly, in the company or its securities, nor any right or present intention to acquire such an interest.

The company confirms that the foregoing statement was incomplete insofar as it relates to the individuals authorized to provide services on behalf of i2i, and that statement should no longer be relied upon. The complete and accurate disclosure is as follows:

• i2i Marketing Group does not hold, directly or indirectly, any securities of the company, and will not acquire any securities of the company.
• Joseph Grubb, an authorized individual of i2i, indirectly holds 79,969 common shares of the company and 39,984 common share purchase warrants of the company, in each case held through a private corporation.
• Kailyn White, an authorized individual of i2i, indirectly holds 75,030 common shares of the company and 37,515 common share purchase warrants of the company, in each case held through a private corporation.

The common shares and common share purchase warrants described above were acquired pursuant to a private placement offering of the company that closed on Feb. 3, 2025, being prior to the date of the marketing agreement. Each such warrant entitles the holder to acquire one common share of the company at a price of 90 cents per share until Feb. 3, 2027.

None of the securities described above were issued to i2i, to Mr. Grubb or to Ms. White as compensation for the services provided or to be provided under the marketing agreement. Consistent with the prior news releases, the company has not issued, and will not issue, any securities to i2i as compensation for its services under the marketing agreement.

No other changes

Except as expressly clarified and corrected in this news release, the disclosure contained in the prior news releases in respect of the marketing agreement remains unchanged. The services to be provided under the marketing agreement consist of corporate marketing and investor awareness services, including content creation management, author sourcing, project management and media distribution. The marketing agreement remains subject to the acceptance of the TSX Venture Exchange.

About South Pacific Metals Corp.

South Pacific is an emerging gold-copper exploration company operating in the heart of Papua New Guinea's proven gold and copper production corridors. South Pacific common shares are listed on the TSX Venture Exchange, the OTCQB marketplace and the Frankfurt Stock Exchange.

We seek Safe Harbor.