Mr. Adrian Smith reports

LIVE ENERGY MINERALS COMPLETES ISSUANCE OF FIRST TRANCHE OF SHARES FOR PLASTER ROCK PROPERTY IN NEW BRUNSWICK

Further to the news release dated Oct. 20, 2026, Live Energy Minerals Corp. has issued 120,000 common shares to an arm's-length optionor under the option agreement dated Oct. 15, 2026. Under the option agreement, the company may acquire a 100-per-cent interest in two mineral claims comprising 73 units near Plaster Rock, N.B.

The option shares were issued on Oct. 30, 2026, at a deemed price of 20 cents per share, for a total deemed value of $24,000. This is the first share payment under the option agreement.

To keep the option in good standing, the company must issue a further one million common shares on or before Oct. 30, 2027, and a further 2.88 million common shares on or before Oct. 30, 2028. Each later tranche will be priced at the closing price on the last trading day before issuance, subject to the pricing policies of the Canadian Securities Exchange. The option carries no cash payments and no minimum exploration expenditures. When the option is exercised, the optionor will keep a 2-per-cent net smelter return royalty. The company may buy back one-half of the royalty (1 per cent) at any time for $500,000.

The option shares are subject to a statutory hold period expiring on March 1, 2027, pursuant to applicable Canadian securities laws. No finders' fees were paid.

About Live Energy Minerals Corp.

The company is a Canadian-based exploration company focused on the acquisition, exploration and development of North American mining projects. The company holds the rights to the Mesa Top mine and Section 20 uranium claims in McKinley county, New Mexico, United States, and an option to acquire a 100-per-cent interest in the Plaster Rock uranium-copper property in New Brunswick. The company's McDermitt Lithium East project in Nevada, United States, is under option to U.S. Critical Metals Corp., with the company retaining a net smelter return royalty.

We seek Safe Harbor.