Mr. Saf Dhillon reports

IMETAL RESOURCES APPOINTS MORGAN VERGE, P.GEO., TO LEAD EXPLORATION

iMetal Resources Inc. has appointed Morgan Verge, PGeo, as vice-president, exploration, effective immediately. She will lead the company's exploration strategy and program execution, including advancement of its flagship Gowganda West gold project in Ontario.

"Ms. Verge's appointment adds proven technical leadership to iMetal at a pivotal stage in its development," said Saf Dhillon, president and chief executive officer of iMetal. "Her more than 15 years of experience designing and executing exploration programs across Canada -- from grassroots work through advanced-stage drilling in gold and critical minerals -- will strengthen our ability to advance Gowganda West. Together with $3-million in new capital, a strengthened board, and an expanded management team, her appointment positions us to develop our assets and build durable value for shareholders."

Ms. Verge is a professional geoscientist with more than 15 years of experience in mineral exploration and mining across Canada, spanning grassroots exploration through advanced-stage projects in gold and critical minerals. She has planned and managed programs involving geological mapping and prospecting, geophysical surveys, drilling, geological modelling, target generation, and technical reporting. Her work has included technical and management roles with junior exploration and mining companies on projects in Ontario, Nova Scotia, British Columbia and elsewhere in Canada.

Ms. Verge is the founder and president of Verge Geological Consulting Ltd. and also serves as president of the Nova Scotia Prospectors Association. She holds a BSc in Earth sciences from Carleton University and is registered as a professional geoscientist in Nova Scotia, Ontario and British Columbia.

The appointment follows a series of measures to position iMetal for its next phase of growth. On Aug. 18, 2026, the company closed a non-brokered private placement of 30 million units at 10 cents per unit for gross proceeds of $3-million. McFarlane Lake Mining Ltd. subscribed for 14,200,852 units, giving it an approximate 19.9-per-cent interest in the company, the right to nominate one director and the opportunity to advise on exploration activities at Gowganda West. With capital, governance and technical leadership now aligned, iMetal intends to advance Gowganda West in one of Canada's most established and prolific gold-producing districts.

In connection with Ms. Verge's appointment, the company granted her 100,000 incentive stock options. The options vested immediately and are exercisable at 19.5 cents per share until Sept. 17, 2031.

About iMetal Resources Inc.

iMetal is a Canadian junior exploration company focused on gold and critical mineral resource properties in Ontario and Quebec. Its flagship property, Gowganda West, is an exploration-stage gold project located near McFarlane Lake Mining's Juby project in the Shining Tree camp area of the southern Abitibi greenstone gold belt, about 100 kilometres south-southeast of the Timmins gold camp. Drilling in the project's West zone, announced in February, 2026, returned 278.35 metres at 0.424 gram per tonne gold in hole IMGW-25-06, including 62.25 m at 0.61 g/t gold and 16.65 m at 1.24 g/t gold, complementing the 2023 discovery hole of 48.5 m at 0.85 g/t gold. Gowganda West is also contiguous with the Knight project, part of the strategic partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd. Carheil is an exploration-stage project with multimetal potential and previous graphite results, located about 170 kilometres north of Rouyn-Noranda in the northern Abitibi greenstone belt. In August, 2026, McFarlane Lake Mining, iMetal's neighbour at Gowganda West and owner of the adjoining Juby gold project, completed a strategic investment that made it the company's largest shareholder and directly endorsed the Gowganda West land package.

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