Mr. Koby Kushner reports

LIBRA PROVIDES EXPLORATION UPDATE FROM PENELOPE PROJECT, BRAZIL

Libra Energy Materials Inc. has provided an update on its 100-per-cent-owned Penelope project, located within the Minas Gerais district in Brazil. Following a comprehensive review of historical data and recent geochemical sampling, the company announces a strategic pivot in its exploration focus at Penelope, upgrading the project's prospectivity for Rare Earth Elements (REEs), Niobium, Tantalum, and Gallium (Ga), while downgrading its priority as a primary lithium target.

"Exploration is about listening to what the rocks are telling you, not forcing a model that doesn't fit," said Koby Kushner, chief executive officer of Libra. "While Penelope was originally acquired as part of our wider lithium portfolio, our technical team has identified a distinct geochemical signature that sets it apart. The ratios we are seeing suggest we are looking at a highly fractionated system with significant REE potential, rather than a lithium-bearing pegmatite. Given our focus as a primary lithium explorer, we intend to monetize or option out Penelope to another party with a dedicated focus on REEs."

Geological reinterpretation

The decision to reclassify the project follows a detailed analysis of sampling data which returned an anomalous high-grade niobium (8,780 parts per million Nb) and tantalum (10,900 ppm Ta) sample at the Gaia pegmatite, as well as high-grade rock panel chips averaging 1,555 ppm and 844 ppm total REEs at the Elena target pegmatites. Soil sampling across the property has returned consistent anomalies average 230 parts per million (ppm) total REE, indicative of regolith enrichment in a subtropical weathering environment favourable for IAC (ionic absorption clay) style mineralization where REEs can absorb onto clays in deeper horizons. Elevated gallium is also observed on the project with returned values of up to 65.2 ppm Ga in rock chip samples (Selene target), 62 ppm Ga in chip panel samples (Elena target) and 43 ppm Ga in soil samples (Nice target).

Geologically, this signature is characteristic of NYF-type (niobium-yttrium-fluorine) pegmatites or similar REE-enriched systems, rather than the LCT-type (lithium-cesium-tantalum) systems typically associated with bulk spodumene mineralization. As a result, the company will be deprioritizing lithium-specific workstreams at Penelope.

Next steps

Libra plans to initiate a process to identify a logical partner or buyer for Penelope. The proposed next steps would involve a targeted auger drilling program designed to assay for the full suite of rare-earth elements, which were not consistently tested in historical work. The company believes this low-cost, high-impact program will quickly determine both the scale and depth of the REE opportunity.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Benjamin Kuzmich, PGeo, vice-president of exploration of Libra. Ben 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.

We seek Safe Harbor.