Mr. Robert Cameron reports

ENDURO COMPLETES ACQUISITION OF COMMANDER RESOURCES LTD.

On May 30, 2025, Enduro Metals Corp. completed its acquisition of all of the issued and outstanding shares of Commander Resources Ltd. in exchange for consideration of 0.535 of a common share of Enduro for each Commander share, pursuant to a court-approved plan of arrangement. The plan of arrangement was implemented pursuant to the terms and conditions of an arrangement agreement dated Feb. 25, 2025, between Enduro and the company.

In connection with the closing, a total of 23,692,393 Enduro shares have been issued to the former holders of Commander shares, resulting in former Commander shareholders holding approximately 45.65 per cent of the total number of issued and outstanding Enduro shares postclosing (based on 51,885,012 Enduro shares issued and outstanding immediately after closing). In addition, the outstanding options to purchase Commander shares have been replaced with options to purchase Enduro shares on the same terms and conditions, other than necessary adjustments to take into account the exchange ratio, as set out in the plan of arrangement.

In order to obtain their Enduro shares, shareholders holding share certificates of Commander in their names will be required to complete a letter of transmittal and submit it to Computershare Investor Services Inc., and otherwise follow the instructions contained in the letter of transmittal and described in the management information circular of Commander dated April 9, 2025. Copies of the circular and the letter of transmittal may be obtained on Commander's SEDAR+ profile and will also be available on Enduro's website.

Registered shareholders of Commander who have lost the certificates representing their Commander shares should contact Computershare Investor Services Inc. at corporateactions@computershare.com for information on how to receive their Enduro shares.

Shareholders who hold their Commander shares through intermediaries such as a brokerage firm or clearing agency do not need to take any further action to receive their Enduro shares, as their Enduro shares will be automatically reregistered to them. Non-registered shareholders of Commander and who have questions regarding how the Enduro shares to which they are entitled will be processed should contact their intermediaries.

Commander has applied to cease to be a reporting issuer in the jurisdictions in which it is currently a reporting issuer.

Advisers and counsel

Pushor Mitchell LLP acted as legal counsel to Enduro in connection with the plan of arrangement.

GenCap Mining Advisory Ltd. acted as financial adviser to Commander and Koffman Kalef LLP acted as legal counsel to Commander.

About Enduro Metals Corp.

Enduro Metals is an exploration company focused on its Newmont Lake project, a total 688-square-kilometre property located within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro's geological team has outlined multiple deposit environments of interest across the Newmont Lake project, including high-grade epithermal/skarn gold along the McLymont fault, copper-gold alkalic porphyry mineralization at Burgundy and the newly discovered copper-gold porphyry mineralization at North Toe.

We seek Safe Harbor.