Ms. Kristen Reinertson reports

BEMETALS ANNOUNCES EFFECTIVE DATE OF NAME CHANGE TO LIGHTNING RESOURCE CORP. AND NEW TRADING SYMBOL "LTNG"

Bemetals Corp. has received approval from the TSX Venture Exchange to change the company's name to Lightning Resource Corp.

The name change is expected to take effect at the start of trading on July 31, 2026, and the company will trade under the symbol LTNG and under the new Cusip/ISIN 531965101/CA5319651017.

No action is required by existing shareholders with respect to the name change. Existing share certificates of the company will continue to represent common shares of the company under the new name, Lightning Resource Corp., and shareholders will not be required to exchange their existing certificates.

The company's previously announced acquisition of all of the non-Yukon mineral exploration projects of Prospector Metals Corp. in exchange for 29.4 million common shares of the company through the acquisition of Prospector's wholly owned subsidiary, Lightning Exploration Corp., is still pending (see the company's previous news releases dated April 16, May 1, May 20, May 28 and July 27, 2026).

Adoption of new omnibus incentive plan

The company also announces that it has implemented and adopted a new omnibus incentive plan following shareholder approval of the plan at the annual general and special meeting of shareholders held on July 3, 2026. The plan is a rolling-up-to-10-per-cent plan (as such term is defined in TSX-V Policy 4.4 (Security Based Compensation) which enables the company to grant stock options, restricted share units and deferred share units to directors, officers, employees and consultants to provide incentives to eligible participants to continue to provide services to the company, as a reward for their performance and to attract and retain the talent required to fulfill the company's business plan and strategic direction.

A copy of the plan was attached as a schedule to the company's management information circular dated May 29, 2026, which is available under the company's profile on SEDAR+.

About Bemetals Corp.

Bemetals is a Canadian, precious and base metal exploration company focused on advancing its portfolio of high-potential mineral projects while continuing to evaluate additional acquisition opportunities. The company's immediate focus is exploration of the Savant gold project with district-scale potential to host both iron-formation-hosted and shear-hosted gold systems of size. This is a proven mining region with current operations including the Red Lake and Musselwhite mines. The company also holds interest in copper and gold exploration projects located in Zambia and Japan, respectively. Bemetals is led by an experienced team and is supported by a strategic shareholder, B2Gold, with approximately 37-per-cent ownership interest.

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