Mr. Scott Eldridge reports

MILITARY METALS ANNOUNCES 2025 SOIL SAMPLING DELINEATES 800M ANTIMONY ANOMALY, LAST CHANCE ANTIMONY PROJECT, NEVADA, USA

Military Metals Corp. has released soil sampling results on the company's 100-per-cent-owned past-producing Last Chance antimony project. Results of the 2025 program delineate an 800-metre-long zone of anomalous antimony in soil trending northwest and southeast from the area of historical mining. The property is located in Nye county, Nevada, 12 kilometres west of Kinross's Round Mountain gold mine and 70 km north of the town of Tonopah.

Highlights:

• Top 10 per cent of antimony results define an 815-metre northwest-southeast-trending anomalous zone.
• The newly defined trend extends outward northwest and southeast from the area of historical mining.
• Results from the program will be incorporated with other data gathered on the property, to date, with the objective of delineating drill targets.
• Selective grab samples from spring 2025 taken by company personnel include 6.66 per cent and 11.61 per cent antimony, ranging from 0.005 per cent to 11.61 per cent antimony (see news release dated June 19, 2025).
• Between 1941 and 1942, over 200 tons of stibnite were shipped, with the last reported production comprising 44 tons at between 10 and 15 per cent antimony, in 1958.

Scott Eldridge, chief executive officer and director, stated: "This cost-effective program has returned high-value insights for our Last Chance project as we see the potential for a buried mineralized system. Combined with our other exploration data, these results will directly inform future targets for drill campaigns at Last Chance, thus advancing our understanding of the mineralized system.

"Antimony is officially listed as a critical mineral in the United States, which means it gets special attention in policy and planning. Increased government investment in critical minerals has been observed in the form of grants, equity and loans. Our past-producing Last Chance project could play a crucial role in the development of a secure domestic supply of antimony for the United States and its allies."

The soil orientation survey was undertaken in October of 2025 on the recommendation of a consulting structural geologist to the project. Samples of B-horizon soil were collected using a hand shovel and sieved through a 2.36-millimetre mesh at the field location prior to bagging, with care taken to avoid sampling in locations with potential anthropogenic contamination due to historical mining and exploration activities.

The uppermost decile of antimony assay results (53.5 parts per million to 952 parts per million) is geographically concentrated along a northwest-southeast-trending zone extending outward from the location of historical mining highlighting a discrete location of anomalous antimony in soil spanning 815 m in length on surface.

Technical note on sampling procedures and analysis

Samples of B-horizon soil were collected using a hand shovel and sieved through a 2.36-millimetre mesh at the field location prior to bagging with a uniquely labelled assay card. Care was taken to avoid sampling at locations potentially contaminated by historical mining, exploration or other anthropogenic sources. Certified reference materials in the form of analytical standards and blanks were inserted into the sample stream at a frequency equal to 4 per cent of the sample batch by abundance.

Analyses were completed by American Assay Laboratories in Sparks, Nev., an ISO/IEC 17025:2017 accredited provider of analytical services. Gold determinations were completed using traditional fire assay with a 30-gram aliquot finished by inductively coupled plasma-optical emission spectrometry. silver, arsenic, calcium, copper, iron, mercury, lithium, lead, antimony and zinc results were obtained using a four-acid digestion and ICP-OES finish.

Shareholder rights plan

The company is also pleased to announce that, further to the news release dated Oct. 23, 2025, the board of directors of the company has adopted a shareholder rights plan with Odyssey Trust Company, as rights agent, effective on Jan. 20, 2026.

Pursuant to the rights plan, one right attaches to each issued and outstanding common share in the capital of the company. Subject to the terms of the rights plan, the rights become exercisable in the event that any person (together with its affiliates and associates and persons acting in concert with it) becomes a beneficial holder of 20 per cent or more of the outstanding common shares without complying with the permitted bid provisions, and other similar provisions, under the rights plan. In such event, holders of the rights (other than the acquiring person and its related parties) will be permitted to exercise their rights to purchase additional common shares at a substantial discount to the then market price of the common shares.

While the rights plan is effective as of the date of adoption by the board of directors of the company, the company has elected to make the rights plan subject to ratification by the company's shareholders. The company will be seeking shareholder ratification of the rights plan at its next annual general meeting to be held on Feb. 23, 2026. A summary of the principal terms of the rights plan will be included in the management information circular to be sent to shareholders in connection with the meeting. A complete copy of the rights plan will be available under the company's profile on SEDAR+.

Qualified person

The technical contents of this release were reviewed and approved by David Murray, BSc, PGeo, vice-president, exploration, of Military Metals, a qualified person as defined by National Instrument 43-101.

About Military Metals Corp.

The company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

We seek Safe Harbor.