Mr. Scott Sheldon reports

FLOW METALS TO ACQUIRE ADJOING PROJECT AT SIXTYMILE

Flow Metals Corp. has entered into an option agreement dated effective March 31, 2026, with an arm's-length party, pursuant to which the company may acquire a 100-per-cent interest in the Sixtymile Valley project located in the Yukon and traditional territory of the Tr'ondek Hwech'in First Nation.

"The acquisition of the new project increases the company's district footprint while positioning Flow Metals with meaningful exposure to both gold and copper. Sixtymile presents a unique opportunity to unlock the lode source of 100 years of rich placer gold production," said Scott Sheldon, chief executive officer of Flow Metals.

Option agreement

Pursuant to the option agreement, Flow Metals may acquire a 100-per-cent interest in the project by making aggregate payments of $280,000 over a four-year period, as follows:

• $5,000 within seven business days following the effective date;
• $5,000 on the date that is six months following the effective date;
• $10,000 on the first anniversary of the effective date;
• $40,000 on the second anniversary of the effective date;
• $60,000 on the third anniversary of the effective date; and
• $160,000 on the fourth anniversary of the effective date.

The company may satisfy each payment entirely in cash or, at its election, as to 50 per cent in common shares of the company and 50 per cent in cash, subject to applicable securities laws and the policies of the Canadian Securities Exchange. Any common shares issued pursuant to the option agreement will be subject to applicable resale restrictions under Canadian securities laws and the policies of the Canadian Securities Exchange. No finders' fees were paid in connection with the transaction.

Upon exercise of the option, the optionor will retain a 2.0-per-cent net smelter return royalty on the project, of which 1.0 per cent may be repurchased by the company for $1-million, subject to the terms of the option agreement. Following exercise of the option and until commencement of commercial production, the company will also be required to make annual advance royalty payments of $10,000, which will be credited against the buyback price.

About the Sixtymile Valley project

The acquisition of the adjoining 4,300-hectare property is expected to secure a district-scale position over an intact copper-gold-molybdenum porphyry system associated with the late Cretaceous Prospector Mountain suite. The addition expands the company's exposure beyond orogenic gold into a multimetal system with exposure to metals recognized as strategically important for supply security.

Previous exploration focused on shallow precious metal vein targets and historical drilling is reported to have intersected long intervals of disseminated and stockwork mineralization. These results, together with kilometre-scale geochemical anomalies, suggest the potential for a large, preserved porphyry system with limited modern follow-up.

The system is interpreted to be hosted within a structurally controlled pull-apart basin along the Sixtymile-Pika fault, within an emerging porphyry belt in the Dawson range. Its apparent preservation and scale, together with established mineralization, position the project for modern geophysics and deeper drilling.

About Flow Metals Corp.

Flow Metals has maintained an active presence in the Yukon since 2018, building deep technical expertise and local relationships across the territory. Flow Metals has established a trusted network of experienced contractors and strong working relationships with both territorial and first nation governments, providing the company with a solid foundation to efficiently advance exploration projects in the North.

Qualified person

Harley Slade, PGeo, is the qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical information contained in this news release. Mr. Slade is Flow Metals' vice-president of exploration and a director.

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