Mr. Alex Klenman reports

ARMORY MINING OPTIONS HAPPY CREEK PROJECT IN CENTRAL BRITISH COLUMBIA

Armory Mining Corp. has entered into an option agreement with 1538963 B.C. Ltd., pursuant to which the company has agreed to acquire from the optionor an option to acquire a 100-per-cent interest in the B.C. mineral claim No. 1131225 covering approximately 1,173.98 hectares in the Happy Creek area of British Columbia, approximately 150 kilometres east of Williams Lake.

The property is located in a region where tungsten, molybdenum and other mineral occurrences have been reported in the B.C. Minfile database. Publicly available information indicates that tungsten and molybdenum occurrences associated with Fox Tungsten Ltd.'s tungsten project are located approximately five to 15 kilometres northwest of the property. Fox Tungsten, formerly Happy Creek Minerals Ltd., announced a 20,000-metre drill program on the tungsten project in June, 2026. A separate tungsten occurrence is reported approximately five km southeast of the property, and a mineral occurrence reporting silver, lead and zinc is also located within the property.

The company notes that references to nearby mineral occurrences, exploration activities and mineral projects are provided for regional and geological context only and have not been independently verified by the company. Such references are not indicative that the property hosts similar mineralization. The company has not yet completed sufficient exploration work to confirm the presence of mineralization on the property, and there is no assurance that further exploration will result in the identification or classification of a mineral resource.

Terms of the agreement

In consideration for the option, the company has agreed to issue an aggregate of 13 million common shares to the optionor or, at the optionor's written direction, to its shareholders or other nominees, subject to applicable securities laws and the policies of the Canadian Securities Exchange. The consideration shares will be issued in stages, consisting of 12 million consideration shares within five business days following receipt of acceptance of the agreement by the Canadian Securities Exchange, 500,000 consideration shares on or before the date that is 14 months following the exchange acceptance date, and 500,000 consideration shares on or before the second anniversary of the exchange acceptance date.

All consideration shares issuable pursuant to the agreement will be subject to a statutory four-month hold from the date of issuance.

The optionee may accelerate the exercise of the option at any time by issuing all remaining consideration shares otherwise issuable under the agreement, following which it will have earned its 100-per-cent interest in the property.

Qualified person

Harrison Cookenboo, PhD, PGeo, is a non-independent qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has reviewed and approved the scientific and technical information contained in this news release.

About Armory Mining Corp.

Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security and defence sectors. The company controls an 80-per-cent interest in the Candela II lithium brine project located in the Incahuasi salar, Salta province, Argentina. In addition, the company controls a 100-per-cent interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

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