Mr. Koby Kushner reports

LIBRA MOBILIZES FOR MAIDEN DRILL PROGRAM AT STIMSON LITHIUM-CESIUM PROJECT

Libra Energy Materials Inc. has begun mobilization for its maiden drill program at its 100-per-cent-owned Stimson project, located within the Case Lake lithium-cesium district in Ontario. Stimson represents Libra's newest acquisition within its Ontario portfolio, pursuant to which the company acquired a 100-per-cent interest in the project (see the company's press releases dated Aug. 25, 2025, and Jan. 14, 2026).

"We are ready to kick off the new year with our first-ever drill program at Stimson. The initial scout hole will test a historical unassayed hole, which returned at least three intervals of possible spodumene, located proximal to the same geological subprovince boundary that hosts Power Metals' nearby Case Lake lithium-cesium project -- one of the largest cesium resources globally. With excellent infrastructure access, we expect the drill program to be a cost-effective way to quickly evaluate whether further work would be warranted at Stimson. We would like to thank the Apitipi Anicinapek Nation representatives for their support in making this drill program possible," said Koby Kushner, chief executive officer of Libra.

Stimson exploration and geology overview

Stimson is strategically located along strike of Power Metals' Case Lake lithium-cesium deposit, straddling the same boundary between the Quetico and Abitibi subprovinces. Importantly, a historical drill log at Stimson noted three intervals, the largest being 39.8 metres (60.0 m to 99.8 m) logged as a granitic complex, an unknown portion of which was pegmatite containing possible spodumene in DDH PT94-11 (OGS assessment record 42H02SE0010). This historical result provides evidence of a potential lithium-bearing pegmatite system on the project that Libra plans to test through its initial drilling campaign. Although Libra is primarily targeting spodumene, the key lithium-bearing mineral found in lithium-cesium-tantalum (LCT) pegmatites, the company will also evaluate the potential for pollucite, which is the main cesium-bearing mineral in LCT pegmatites. The company notes that while mineralization on nearby or adjacent projects is not necessarily indicative of mineralization at Stimson, the Quetico-Abitibi subprovince boundary is proven to be fertile for hosting both pollucite and spodumene.

Option issuance

The company also announces that it has issued an aggregate of 250,000 incentive stock options at an exercise price of 18 cents per common share to certain consultants of the company. The options shall vest over a one-year period, expire five years from the date of grant and are subject to approval by the Canadian Securities Exchange.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Benjamin Kuzmich, PGeo, vice-president, exploration, of Libra. Mr. Kuzmich is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Libra Energy Materials Inc.

Libra is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's Flanders North, Flanders South and SBC projects in Ontario are being explored under a $33-million earn-in deal with KoBold Metals Company. In addition, Libra has 100-per-cent ownership of another four lithium projects in Ontario and Quebec, Canada, as well as another 21 lithium projects, eight graphite projects and one cobalt project in Brazil -- an emerging critical minerals hub. The Libra team comprises a mix of seasoned executives, engineers and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy and first nations engagement.

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