Mr. Brad Brodeur reports

CANAMERA ENERGY METALS CORP. PROVIDES COMPANY UPDATE ACROSS SEVEN RARE EARTH AND URANIUM ASSETS; REPORTS APPROXIMATELY $10 MILLION RAISED OVER FOUR MONTHS

Canamera Energy Metals Corp. has provided an update on exploration and development activities across its portfolio of rare-earth element (REE) and uranium projects in Brazil, the United States and Canada. The company also reports that it has raised approximately $10.2-million in new capital over the past four months (please see news releases dated Nov. 25 and Dec. 22, 2025, as well as March 27, 2026).

Canamera currently has active programs under way or in near-term follow-up across seven projects, with drill programs in Brazil, geophysical modelling in Colorado, and survey and reporting milestones advancing across its Canadian portfolio. The capital raised positions the company to execute on its near-term commitments and to pursue continued portfolio growth.

"Four months ago we set out to build a well-funded, multijurisdiction exploration platform," said Brad Brodeur, chief executive officer of Canamera Energy Metals. "Having raised approximately $10-million in that period, we are delivering on that commitment. Drill results are incoming from Brazil, geophysical modelling is under way in Colorado, and our Canadian assets are moving steadily through technical and permitting milestones. We believe the pace of news flow over the next several months will demonstrate the depth of value embedded in this portfolio."

Project updates

Canamera currently has active exploration programs under way across seven projects spanning Brazil, the United States and Canada. In Brazil, the company is advancing two ionic clay REE drill programs -- one in the follow-up phase at Turvolandia and the early stage Patos project. In the United States, geophysical modelling is in progress at the Iron Hills alkaline complex in Colorado, while the company is compiling historical and available technical data at its Great Divide uranium project in Wyoming to inform the planning of next-stage exploration. In Canada, three Ontario assets -- Schryburt Lake, Garrow and Waterslide -- are advancing through various technical, survey and reporting milestones on distinct timelines. Anticipated results and disclosure dates for each project are summarized below.

• Turvolandia project (Brazil): The Turvolandia project is an ionic clay-hosted REE project in southeastern Brazil. The company has completed the initial 350-metre phase of a 1,000-metre auger drill program. Results from this phase, disclosed in the company's news release dated March 11, 2026, confirmed indications of potential ionic adsorption clay mineralization with drill intervals of over 6,000 parts per million total rare-earth oxide (TREO) -- a grade profile consistent with potential for low-cost extraction techniques typical of ionic clay deposits. The remaining 650-metre phase of the program is currently under way, and assay results are expected within six to eight weeks.
• Patos project (Brazil): The company signed a letter of intent on Feb. 26, 2026, to acquire the Patos project, a third ionic clay REE asset in Brazil. A 10-hole auger program is currently in progress to evaluate mineralization and inform the decision of whether to proceed with the acquisition. completion of this drill program is anticipated within one to two weeks, with lab results six to eight weeks away.
• Iron Hills project (Colorado, United States): The Iron Hills project is located within the Iron Hill alkaline complex in Gunnison county, Colorado, within a well-established critical minerals district. The company is conducting inverted 3-D modelling of historical magnetic data. Results of the modelling and geological interpretation are expected within six to seven weeks and will be communicated to the market.
• Great Divide project (Wyoming, U.S.): The Great Divide project is situated within Wyoming's Great Divide basin, a historically productive uranium district with well-established permitting pathways. The company is currently compiling historical and all available technical data to inform the planning of next-stage exploration at the project.
• Schryburt Lake project (Ontario, Canada): The Schryburt Lake project encompasses approximately 4,948 hectares in Northwestern Ontario, centered on a multiphase carbonatite complex with four priority target areas. The company has engaged Clark Exploration of Thunder Bay, Ont., to complete a National Instrument 43-101 technical report on the project. First nations consultation for drilling permits is continuing.
• Garrow project (Ontario, Canada): The Garrow project is an REE and niobium exploration asset in Eastern Ontario exhibiting geological characteristics consistent with potential for alkaline and carbonatite-related mineralization. The company has initiated an airborne magnetic survey and expects to provide the market with an update on survey findings and next steps within approximately one month.
• Waterslide project (Ontario, Canada): The company recently optioned the Waterslide project, a 2,300-hectare uranium and REE property in Ontario's Central Gneiss belt. The property hosts documented occurrences of uranium, thorium, fluorite and rare-earth elements. Canamera plans to advance the project through an airborne geophysical survey and a spring soil and rock sampling program. Full program details will be disclosed by the end of April, 2026.

Capital position

Canamera has raised approximately $10.2-million in new capital over the past four months. This financing activity provides a strong financial foundation to execute the company's multiproject exploration commitments in 2026 and positions the company to pursue continued portfolio expansion in line with its growth strategy.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Warren Robb, PGeo (British Columbia), vice-president, exploration, of Canamera Energy Metals and a qualified person as defined by National Instrument 43-101. Mr. Robb is not independent of the company within the meaning of NI 43-101.

For a discussion of the company's QA/QC (quality assurance/quality control) and data verification processes and procedures, please see its most recently filed technical report, a copy of which may be obtained under the company's profile at SEDAR+.

About Canamera Energy Metals Corp.

Canamera Energy Metals is a rare-earth elements exploration and development company with an expanding project portfolio across Brazil, the United States and Canada. The company is focused on advancing ionic clay REE projects in Brazil and critical mineral assets in North America to support Western rare-earth supply chain independence.

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