Mr. Frank Basa reports

CONIAGAS ANNOUNCES CANCELLATION OF LIFE OFFERING

Due to unfavourable market conditions, Coniagas Battery Metals Inc. has elected to cancel its previously announced non-brokered private placement offering. The LIFE offering was intended to be conducted under the listed issuer financing offering exemption under Section 5A.2 of National Instrument 45-106 (Prospectus Exemptions) as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption).

The LIFE offering was originally announced on Dec. 3, 2025. Further details regarding the proposed terms of the LIFE offering can be found in the company's prior news releases.

The company continues to evaluate other potential financing opportunities and will provide further updates as appropriate.

About Coniagas Battery Metals Inc.

Coniagas Battery is a Canadian junior mining company focused on nickel, copper and cobalt, and platinum group metals in Quebec. Coniagas's strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metal supplier to the electric vehicle market.

At its 100-per-cent-owned Graal project near Saguenay, Que., Coniagas has conducted successful exploration involving geophysics, as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a six-kilometre strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The company plans in the near term to conduct additional drilling leading to the production of a National Instrument 43-101 resource report, metallurgical testing and consultations with first nations. The Graal project and immediate work plan are outlined in detail in the "NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada," dated Jan. 17, 2024. The report is available along with other information at the company's website.

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