Mr. Scott Sheldon reports

GO METALS CLOSES PRIVATE PLACEMENT FINANCING

Go Metals Corp., further to its news release dated May 4, 2026, has closed its private placement, raising gross proceeds of $125,000 through the issuance of 2.5 million units at a price of five cents per unit.

Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant. Each warrant entitles the holder, for a period of 24 months from the date of issue, to purchase one additional share of the company at an exercise price of 10 cents per share.

The company may, at its option, accelerate the expiry date of the warrants if, at any time following the expiry of the statutory hold period applicable to the warrants and the underlying securities, the closing price of the common shares on the Canadian Securities Exchange (or any successor exchange on which the common shares are then listed) is equal to or greater than 25 cents per common share for five consecutive trading days. For greater certainty, the closing price shall be the official closing price as reported by such exchange for each applicable trading day.

Upon the occurrence of the acceleration trigger, the company may accelerate the expiry date of the warrants by providing notice to the holders of the warrants. Such notice shall be provided by issuing and disseminating a news release through a nationally recognized newswire service in Canada. The warrants shall expire at 5 p.m. Vancouver time on the 25th day following the date of such news release, unless exercised prior to the accelerated expiry date.

All securities issued in connection with the private placement are subject to a statutory hold period of four months and one day expiring on Oct. 19, 2026.

The company paid finders' fees of $600 in cash and issued 6,000 warrants on the same terms as the warrants issued as part of the units.

The company plans to use the net proceeds of the private placement for general working capital and exploration expenditures.

Insider participation

Two insiders of the company participated in the private placement and subscribed for an aggregate of 2.3 million units. Such participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set out in sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that neither the fair market value of the securities issued to, nor the consideration paid by, the related party exceeded 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

About Go Metals Corp.

The company continues to prioritize innovation and responsible exploration practices in the pursuit of critical metals in mining-friendly jurisdictions. The company's Quebec base metal project portfolio includes KM98 (Ti/V/Fe (titanium/vanadium/iron)), HSP (Ni/Cu (nickel/copper)) and Oriole (Ni).

We seek Safe Harbor.