Ms. Kristen Reinertson reports

BEMETALS SURFACE SAMPLING RETURNS HIGH-GRADE GOLD RESULTS AT SAVANT GOLD PROJECT

Bemetals Corp. has released high-grade surface sampling results from geological reconnaissance fieldwork undertaken in October, 2025, at its district-scale Savant gold exploration project, located in Northwestern Ontario. The company also provides an outline of exploration activities for 2026.

Savant project highlights:

• Year-round access, with Highway 599, and proximal to rail, power and mining service centres such as Sioux Lookout and Dryden;
• Strategic mining location in a highly prospective gold district in Northwestern Ontario, surrounded by large mines and deposits (Musselwhite, Red Lake, Rainy River and Pickle Crow);
• District-scale land position (approximately 24,000 hectares) hosting underexplored iron formations and favourable shear zones related to the 40-kilometre-long Kashaweogama Lake fault zone (potential conduits for gold mineralization).

2025 surface sampling highlights:

• 34.7 grams per tonne gold grab sample in highly strained, fine-grained metasedimentary rock with 20 per cent quartz veining;
• Collected at the Wiggle Creek prospect, 850 metres from previous diamond drilling, with historic surface sampling (notably 56.2 grams per tonne gold), and is proximal to the Kashaweogama Lake fault zone;
• Within walking distance to the provincial highway.

Bemetals' interim chief executive officer Kristen Reinertson stated: "The Savant project is a large and contiguous land position, well situated within highly prospective ground that requires exploration attention and effort to uncover new discoveries. Although preliminary in nature, finding a surface sample grading 34.7 g/t Au within walking distance to a provincial highway is highly encouraging and, together with previous surface sample results of 99.6 g/t Au and 56.2 g/t Au completed by Prospector Metals Corp. in 2022 from the Snowbird and Wiggle Creek showings, respectively, sets the tone for economic opportunities.

"Northwest Ontario is host to several large gold mines and gold deposits, some that have been in production for decades. After visiting the project last year, I know we are in a great location to potentially find something of size and I am excited to kick off our exploration programs commencing this spring."

Savant gold exploration project

The Savant project is a district-scale (1,178 contiguous claims over 24,197.5 hectares) gold exploration property located in the Canadian Shield, within the western Wabigoon greenstone belt, with a good plumbing system and large 40-kilometre-long regional structure, the Kashaweogama Lake fault zone (and the eastern extension referred to as the Wiggle Creek deformation zone, (WDZ)), which bisects the claim block, along with extensive, intensely folded, banded iron formations (BIFs) cut by numerous major and secondary shear zones. There are numerous large mines and deposits in the region, including Musselwhite with current proven and probable mineral reserves of 1.5 million ounces at 6.43 g/t Au (see Orla Mining reserves and resources), Red Lake with current proven and probable mineral reserves of 2.0 million ounces at 4.20 g/t Au (see Evolution Mining reserves and resources), and Pickle Crow with current inferred mineral resources of 2.8 million ounces at 7.2 g/t Au (see Firefly Metals mineral resources).

There has been limited historic drilling on the Savant project to date, which only tested the iron formations with 59 drill holes totaling 6,357 metres, with little to no testing of BIF fold hinges or tight fold noses, areas that are usually high-priority opportunities for gold deposition. This provides Bemetals with the chance to incorporate previous data and focus new drilling on areas where recent and new exploration results show more encouraging prospectivity.

2025 surface sampling results

A total of 68 grab samples were collected during the October, 2025, fieldwork, for which all assays have now been received. The highlights below are from the Wiggle Creek area of the project. All co-ordinates are in UTM NAD83, Zone 15 North.

The Savant property is also host to numerous iron-formation-type gold occurrences, including Snowbird and Horseshoe occurrences, which will be priority targets in the coming 2026 field program.

2026 spring/summer exploration program

Following initial fieldwork by Bemetals in 2025 and assessment of the historic project data, the company has developed an exploration plan for spring/summer 2026 to support the company's discovery goals. This program will focus on biogeochemical sampling and prospecting to incorporate further data before prioritizing drill targets, optimizing the possibility of discovery success.

Biogeochemical sampling and prospecting

Targeting Musselwhite-style iron-formation-hosted gold mineralization, exploration work will initially comprise biogeochemical sampling in the following areas:

• Areas with fold hinges and tight fold noses;
• Magnetic lows in BIF that may represent sulphide replacement zones;
• Broader dispersion halos of gold indicator metals, for example, silver, arsenic, bismuth, lead, selenium and tellurium (based on current rock sampling).

Prospecting and mapping

Ground crews of structural geologists and prospectors will sample and map magnetic and biogeochemical metal anomalies:

• The company will conduct drill target generation and prioritization once all of the data have been reviewed and assessed in combination with historical information, in order to plan a follow-up drill program.

Quality assurance and quality control

On Feb. 2, 2026, and Feb. 10, 2026, an independent laboratory, Agat Laboratories of Thunder Bay, Ont., Canada, provided results from a set of samples from the Savant gold project 2025 reconnaissance exploration program. These results were determined using 50-gram fire assay atomic absorption spectroscopy finish following fine crushing, riffle splitting and pulverizing, Agat analytical code 202-55. Overlimit samples were completed using 50-gram fire assay with gravimetric finish, Agat analytical code 202-564. The sampling was conducted following standard operating procedures for outcrop sampling with an appropriate chain-of-custody sample dispatch. The results from Agat Thunder Bay included the introduction of laboratory standards, blanks and duplicates into these batches of samples.

Qualified person

The technical information in this news release has been reviewed and approved by Ryan Weston, PGeo, a consultant of Bemetals and a qualified person as defined under National Instrument 43-101.

About Bemetals Corp.

Bemetals is a precious and base metals exploration and development company focused on advancing its portfolio of high-potential mineral projects while continuing to evaluate additional acquisition opportunities. B2Gold is a strategic investor in the company, owning approximately 37 per cent of Bemetals' outstanding shares. The company plans to explore the Savant gold project in Northwestern Ontario, one of Canada's most prolific gold-producing regions, which hosts several past producers as well as current operations, including the Red Lake and Musselwhite mines. The company also has the Pangeni copper project in the Zambian copperbelt, with co-financing and technical partner JOGMEC (Japan Oil, Gas and Metals National Corp.). Here, Bemetals has discovered copper mineralization with geological characteristics and intersected widths and grades similar to that of large-scale copper mines in the same region. Additionally, the company holds the Kazan gold projects in Japan.

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