Mr. Zachary Goldenberg reports

MATACHEWAN ANNOUNCES ADOPTION OF QUARTERLY REPORTING EXEMPTION UNDER COORDINATED BLANKET ORDER 51-933

Matachewan Consolidated Mines Ltd. intends on adopting the policies outlined in the semi-annual financial reporting pilot program (SAR pilot program) utilizing the exemptions provided under Coordinated Blanket Order 51-933 -- Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

The SAR pilot program is implemented under the blanket order, which allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR pilot program, Matachewan aims to reduce the administrative and financial burden associated with quarterly reporting.

The corporation will not file interim financial statements and related management discussion and analysis (MD&A) for the nine-month period ending Sept. 30, 2026, and three-month period ending March 31, 2027. Matachewan will continue to file audited annual financial statements and MD&A (due within 120 days of Dec. 31) and six-month interim financial statements and MD&A (due within 60 days of June 30).

Matachewan confirms it meets the SAR pilot's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record. The company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 -- Continuous Disclosure Obligations.

This news release is being filed pursuant to the blanket order.

About Matachewan Consolidated Mines Ltd.

Matachewan is a Canadian natural resource company incorporated in 1933 and headquartered in Toronto, Ont. Matachewan maintains exposure to the natural resource sector through investments in mineral and other resource-related opportunities. Its common shares trade on the TSX Venture Exchange under the symbol MCM-A.

We seek Safe Harbor.