Dr. Elena Clarici reports

ELECTRUM DISCOVERY CORP. SELECTED FOR BHP XPLOR'S 2025 ACCELERATOR PROGRAM

Following a rigorous selection process, Electrum Discovery Corp. has been selected as one of eight exploration companies to participate in BHP's 2025 Xplor accelerator program. Funding from the program will be directed to the company's Timok East copper-gold project in the Republic of Serbia.

Highlights:

• Electrum is one of eight early-stage exploration companies selected by BHP, from hundreds of applicants globally, to participate in the 2025 BHP Xplor program.
• BHP Xplor will provide Electrum with up to $500,000 (U.S.) in non-dilutive grant funding to support and accelerate its exploration activities at Timok East during the six-month period of the program.
• Selection for BHP Xplor also gives Electrum access to BHP's global expertise, networks and partnerships.
• BHP Xplor grant will accelerate exploration across the entire Timok East project and is expected to develop a new geological concept.

BHP Xplor was established in 2023 to support promising mineral explorers and to accelerate the exploration needed to support the energy transition. Over a six-month program period, BHP Xplor targets development of technical, business and operational excellence within participating companies.

As a 2025 BHP Xplor cohort company, Electrum will receive a one-off, non-dilutive grant of up to $500,000 (U.S.) as well as in-kind services, mentorship and networking opportunities with BHP and other industry experts and investors.

"We are honoured and delighted to be selected for BHP Xplor program," commented Dr. Elena Clarici, chief executive officer and president of Electrum. "This is an exciting opportunity for Electrum and a strong endorsement of our exploration strategy under way at Timok East. We have always sought to operate at the cutting edge of exploration practices and it's rewarding to be recognized for our approach by BHP, a clear industry leader. BHP has global experience for scale targets of the type we are working on that our exploration will clearly benefit from."

Marley Palin, head of BHP Xplor, congratulated Electrum, saying: "The field of applicants for BHP Xplor was extremely strong this year. Successful applicants had to demonstrate not only that their critical mineral projects were highly prospective but also that they were committed to pushing industry boundaries in their geological concepts and data gathering, testing and processing to realize the project. Electrum more than met these criteria and we look forward to partnering with Electrum's team."

The eight BHP Xplor 2025 cohort explorers were selected from hundreds of global applicants.

There are no obligations or commitments on Electrum beyond the conclusion of the BHP Xplor program in July, 2025. However, during the grant period, BHP might elect to make an investment proposal and Electrum is under no obligation to accept it. In the event of Electrum opting to decline this investment offer, BHP will have a right of first refusal in respect of any direct investment into the Timok East project for a period of 12 months, following the date of the investment proposal.

About Electrum Discovery Corp.

Electrum Discovery is an emerging mineral exploration and development company focused on the prolific Western Tethyan belt with two main projects spanning 645 square kilometres of prospective exploration ground in the Republic of Serbia:

• Timok East extends over 123 square kilometres across the Timok copper-gold region and includes the recently discovered Bambino copper-gold anomaly, located less than five kilometres from the Bor copper-gold mining complex.
• Novo Tlamino, located in the southeast of the Republic of Serbia, covers 522 square kilometres and includes an inferred mineral resource estimate of 670,000 ounces gold equivalent (7.1 million tonnes at 2.9 grams per tonne gold equivalent average grade; see preliminary economic assessment dated Jan. 7, 2021).

Electrum Discovery is looking to maximize the value of its mineral projects for all stakeholders, including its shareholders, the local community and government. Electrum has an open-door policy and encourages all stakeholders to contact the company through its website. Electrum has a strong environmental and ethics policy to complete all its work in line with regulations in an open and transparent process. Electrum's projects are at an early stage, and the company plans to continue its consultation with all stakeholders in a climate of mutual respect while fostering sustainability, governance and knowledge transfer in the region.

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