Mr. Stephen Gray reports

FOX TUNGSTEN ANNOUNCES PASSING OF FORMER CEO MIKE CATHRO

Fox Tungsten Ltd. is deeply saddened about the passing of former chief executive officer Michael (Mike) Cathro, who passed away on April 22, 2026, in Kamloops, B.C., following a courageous battle with cancer.

Mr. Cathro played an important role in advancing the company's strategic vision and fostering a strong technical foundation. He will be remembered for his integrity, thoughtful leadership and dedication.

Fox Tungsten extends its sincere condolences to Mr. Cathro's wife, Suzi, his children, Claire and Callum, and his extended family, friends and colleagues during this difficult time.

About Fox Tungsten Ltd.

Fox Tungsten is focused on making new discoveries and building resources in proximity to infrastructure on the company's 100-per-cent-owned portfolio of diversified metals projects in British Columbia.

Projects include the high-grade Fox tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore's closed Boss Mountain molybdenum mine, and the adjacent Hen-Art-DL gold and silver project.

On Nov. 7, 2024, Fox Tungsten announced the closing of the sale of the Highland Valley copper project to Metal Energy Corp. Fox Tungsten holds 2,347,220 common shares of Metal Energy.

Fox Tungsten is committed to responsible mineral resource development. The company's priority is to build and sustain mutually beneficial relationships with indigenous communities in the territories in which the company explores.

We seek Safe Harbor.