Mr. Wayne Tisdale reports

GENERAL STRATEGIC METALS ENTERS INTO OPTION AGREEMENT TO EXPAND INTEREST IN NAMIBIA EXPLORATION LICENSE AND PROPERTY

General Strategic Metals Inc. has entered into an option agreement dated Oct. 19, 2026, with Frantier Mining Namibia Pty. Ltd., a private arm's-length company organized under the laws of Namibia, pursuant to which the company has been granted the sole, exclusive and irrevocable option to acquire an 80-per-cent undivided interest in an application for an exclusive prospecting licence covering approximately 93,801 hectares of land situated in Namibia.

The licence for the property is located in central-north Namibia's Otjozondjupa region in the eastern part of the northern zone of the Damara Mobile belt. This location is economically significant, as the Damara Mobile belt hosts current major economic deposits of tin, uranium (both primary and secondary), gold and base metals. The property is located within the Otjozondjupa region between the towns of Otjiwarongo to the south and Otavi to the north and is close to the two mining operations, Okoruso (fluorspar) and Otjikoto (gold). It has a very good infrastructure, being on the main highway into southern Africa, served by the national railway line running parallel to the highway, and adequate power supplies serving the local towns and established mining operations.

In order to maintain the agreement in good standing, the agreement provides that the company must, upon completion of normal and reasonable due diligence (and receipt of all necessary regulatory and third party approvals, including the Canadian Securities Exchange and any securities commission having jurisdiction over the company, as applicable): (i) on the closing date, the company shall make a cash payment to the optionor in the amount of $85,000 (Canadian); (ii) the company shall expend, during the first year from the closing date, a minimum of $100,000 (U.S.) in exploration expenditures on the property in order to earn an initial 40-per-cent interest in the licence and the property; and (iii) the company shall expend, during the second year from the closing date, a minimum of $150,000 (U.S.) in exploration expenditures on the property in order to earn an additional 40-per-cent interest in the licence and the property.

Wayne Tisdale, president and chief executive officer of the company, comments, "The decision to expand our interest in EPL 11777 and enter into an additional option agreement reflects our strategy of building a position in prospective uranium exploration ground within the broader Engo Valley district of northwestern Namibia."

The obligation of the company to complete the transactions contemplated by the agreement is subject to the company and the optionor obtaining all requisite regulatory approvals, consents and acceptances (including by the CSE) relating to the execution and delivery and performance of the agreement.

About General Strategic Metals Inc.

General Strategic Metals is an independent mineral exploration company based in Vancouver, B.C., that is engaged in the business of exploring for and evaluating mineral properties.

General Strategic Metals is currently compiling the geological data, planning diamond drilling and awaiting final permits on the 2,313-hectare Topley Richfield copper-gold property in British Columbia. Topley Richfield is a historic mining area with previous work carried out in 2008 and 2015, and the company completed an induced polarization survey in 2021. Diamond drilling of one of the newly defined targets intersected significant widths of copper mineralization (see news release dated Feb. 8, 2023). The 2021 geophysics has highlighted further key highly prospective areas that have yet to be explored. Multiple drill targets have already been identified by the company.

The company is also expanding its exploration portfolio into Namibia, with its property located in the Otjozondjupa region of central-northern Namibia, within the eastern part of the northern zone of the Damara Mobile belt. The region is economically significant and hosts major deposits of uranium, gold and base metals, providing a highly prospective setting for mineral exploration. The property is situated between the towns of Otjiwarongo and Otavi, and is located in proximity to the Okorusu fluorspar and Otjikoto gold mining operations. The property also benefits from established infrastructure, including access to the main highway, the national railway network, and power supplies serving nearby communities and mining operations. The company believes the property provides an opportunity to participate in Namibia's established and growing uranium sector while continuing to build a diversified portfolio of strategic mineral assets.

Garry Clark, PGeo, a qualified person as defined in National Instrument 43-101, has reviewed and approved the technical content of this news release. Mr. Clark is a director of the company.

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