Mr. Stephen Stares reports

VINLAND LITHIUM INC. IDENTIFIES HIGH-PRIORITY TUNGSTEN TARGETS AND ANNOUNCES $300,000 FLOW-THROUGH FINANCING

Further review of Vinland Lithium Inc.'s extensive sampling database has identified further high-priority targets containing highly anomalous tungsten. These occur in a series of samples taken along the Top Pond Ridge area, where company personnel noted quartz veins with significant molybdenum within a large swarm of pegmatite dikes. In addition, recent results released from the Newfoundland government's mapping and sampling program have identified tungsten up to 0.87 per cent W03. This is in the same general area where Benton sampling in 2021 had samples exceeding the maximum WO3 detection limit of 1,000 parts per million (ppm). The company recently completed further sampling in this area and some additional prospecting to the southwest on some newly acquired land. Additional work is being planned to commence in the coming weeks on Top Pond Ridge, North Kraken and other areas where tungsten has been identified.

Vinland's Killick project sits along the key structural corridor of the Appalachian-Caledonian Orogen, which hosts the Piedmont tin-tungsten-spodumene belt and the Ireland Leinster spodumene belt. To date, the Killick lithium project is Newfoundland's only known lithium-spodumene and pollucite-cesium pegmatite discovery, and covers approximately 48 kilometres of favourable host geology.

President and chief executive officer Stephen Stares states: "The Killick property continues to impress us with its critical mineral endowment. The company has discovered the first-ever lithium, cesium and now large areas of anomalous high-grade tungsten within this unique geological environment. We look forward to exploring and evaluating its true potential. Recent demand for tungsten has led to record high prices and a rush to find new supply. Vinland is potentially in a great position to participate in new discoveries of these critical metals."

Private placement financing

Subject to regulatory approval, the company announces that it intends to complete a non-brokered private placement flow-through financing of up to $300,000.

The company intends to issue up to 625,000 flow-through units at 48 cents per flow-through (FT) unit. Each FT unit will consist of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with each full warrant being exercisable at 70 cents per common share for a period of 24 months from the date of issue. The FT shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

In connection with the private placement, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange.

The proceeds raised from the FT units will be used to advance the lithium, cesium and tungsten potential of the company's Killick project, and the company will ensure that such Canadian exploration expenses qualify as a flow-through mining expenditure for purposes of the Income Tax Act (Canada), related to the exploration of the company's exploration projects.

2026 exploration plans:

• Prospecting follow-up on the 2025 discovery of lithium-rich float up to 1.70 per cent Li2O at Kraken West and South;
• Prospecting and mapping for the potential of tin-tungsten within the large Killick land package;
• Prospecting follow-up on 485 ppm lithium (Li) in a previously unsampled area 1.2 kilometres (km) north of the Killick dike;
• Continued till sampling across multiple areas with elevated spodumene grain counts to further define new target areas for lithium, cesium, tin and tungsten;
• Continued detailed ground geophysics using magnetics and VLF-EM (very low frequency electromagnetic) at Kraken-Killick, which significantly improved resolution over prior airborne targets;
• Follow-up diamond drilling on significant identified targets and known zones.

Vinland is also pleased to report that it has continued with the partnership with the critical minerals research initiative between St. Francis Xavier University, Memorial University and the Newfoundland Geological Survey in researching the lithium pegmatites in southwestern Newfoundland, where a total of $1.3-million over four years is being directed toward detailed research on the property.

About Vinland Lithium Inc.

Vinland is a mineral exploration company listed on the TSX Venture Exchange under the symbol VLD. Vinland holds a 100-per-cent interest in the Killick lithium project in southwestern Newfoundland, subject only to a 2-per-cent net smelter return (NSR) royalty (1-per-cent royalty each to Benton Resources and Pirate Gold).

Vinland is focused on advancing the recently discovered Killick lithium project, which covers 30 kilometres of highly prospective geological terrane in proximity to the Baie d'Est fault. The project boasts multiple spodumene-pegmatites within the Kraken pegmatite field and high-grade cesium-tantalum-lithium hosted in the Hydra pegmatite. Further potential for discovery is excellent given the extensive number of untested geochemical and geophysical targets present.

All initial drilling phases at the Killick lithium project to date have returned impressive results from multiple pegmatites, including: 8.4 metres (m) of 0.95 per cent Li2O in GH-22-01 at the Kraken dike; 16.2 m of 0.43 per cent Li2O in GH-22-05 at the Kraken North dike; 20.82 m of 0.60 per cent Li2O, including 5.5 m of 1.16 per cent Li2O, in GH-22-15; and 8.37 m of 0.91 per cent Li2O in GH-22-08 at the East dike, and 15.23 m of 1.04 per cent Li2O in GH-22-27 and 13.37 m of 1.22 per cent Li2O in GH-22-45 at the Killick dike. At the Hydra cesium dike, initial channel sample results to 8.75 per cent Cs2O, 0.41 per cent Li2O, 0.025 per cent Ta2O5 and 0.33 per cent Rb2O over 1.2 metres, including 13.57 per cent Cs20 and 0.32 per cent Li20 over 0.4 m.

QA/QC (quality assurance/quality control) protocols

Rock and core samples from 2022 to 2025 were submitted to SGS Canada Inc. in Grand Falls-Windsor, Nfld., for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, B.C., for analysis. All samples were acquired by hand (rocks) or sawcut (channels/drill core) and delivered, by Vinland personnel, in sealed bags, to the Grand Falls-Windsor prep lab of SGS, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS's GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES (inductively coupled plasma atomic emission spectroscopy) and ICP-MS (inductively coupled plasma mass spectrometry) analytical techniques. All reported assays are uncut. Soil samples were collected by Vinland personnel utilizing a standard Dutch-auger, collecting B horizon soil, where possible. Where B was not present, the soil horizon or type was noted. Soil samples were sent to Eastern Analytical Ltd., in Springdale, Nfld., for Li, Ta (tantalum), Sn (antimony) and Nb (niobium) analyses by four-acid digestion, analyzed by ICP-OES (inductively coupled plasma optical emission spectroscopy). Some historical rock samples were analyzed using Eastern's Au (fire assay) at 30 grams (g) plus ICP-34 method that delivers a 34-element package utilizing a 200-milligram (mg) subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Eastern Analytical achieved ISO 17025 accreditation in February, 2014 (for more details on the scope of accreditation, visit the CALA website). Till samples were collected by Vinland personnel utilizing conventional shovel dug holes and screened to minus 10 millimetres (mm) in the field. Samples were shipped to Overburden Drilling Management (ODM) in Nepean, Ont., for analysis using its standard lithium indicator mineral package. Grab samples are selective in nature and may not represent the average mineralization of a bedrock exposure.

QP (qualified person)

Barry Sparkes, PGeo, vice-president of exploration for Vinland Lithium, the qualified person under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.

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