Mr. Harry Barr reports

AXIOM EXPLORATION GROUP INITIATES XCITE HELICOPTER-BORNE TDEM SURVEY OVER NAM'S SENTINEL ANTIMONY PROPERTY, NEWFOUNDLAND, NAM MONITORS FINTECH SOLUTIONS TO ENHANCE MARKET TRANSPARENCY

New Age Metals Inc. has engaged Axiom Exploration Group Ltd. to complete a helicopter-borne Xcite time-domain electromagnetic (TDEM) survey. A lidar (light detection and ranging) survey over company's Sentinel antimony property in central Newfoundland will be conducted in spring of 2026.

Highlights:

• First modern airborne geophysical program over the Sentinel property;
• High-resolution 100-metre line spacing TDEM survey with co-collection of magnetic date is being conducted now. Collection of lidar data will be completed in the spring of 2026;
• The property is ideally situated along trend of the Beaver Brook antimony mine, Canada's only primary antimony producer, which hosted a historical resource of 2.2 million tonnes grading 3.99 per cent Sb (antimony) at a 1.5-per-cent cut-off grade;
• It is also adjacent to New Found Gold Corp.'s Queensway South gold project, the approximately 80-kilometre-long southern extension of the highly gold-mineralized Queensway North trend;
• Management investigates a number of fintech companies providing trade solutions and transparency.

The Sentinel property lies approximately five kilometres southwest along trend of the Beaver Brook antimony mine, Canada's only primary (past) producer of antimony. The mine hosts high-grade stibnite-quartz mineralization within conductive, graphitic sedimentary units of the Indian Islands and Davidsville Groups; features that define the Beaver Brook mineralized horizon (Sandeman et al., 2018).

The XCITE survey will consist of approximately 460 line kilometres flown at 100-metre line spacing using NRG's Xcite TDEM system, designed to identify conductive horizons that may correspond to graphitic sedimentary units known to host antimony-bearing structures at Beaver Brook.

"This is the first modern electromagnetic survey conducted over the Sentinel property," stated Harry Barr, chairman and chief executive officer of New Age Metals. "Our goal is to identify conductive trends that could represent graphitic faults or sedimentary horizons associated with the mineralized structures at the Beaver Brook mine. The data from this high-resolution Xcite survey will be insightful in allowing our technical team to define high-priority drill targets."

Lidar and electromagnetic data, magnetic, and lidar data sets will be co-collected, in order to aid in geological interpretation, structural analysis and terrain modelling. Lidar will be conducted in the spring of 2026. The results will be processed and inverted to generate 3-D conductivity models, allowing for the identification of potential fault-hosted conductors and graphitic horizons analogous to those that host stibnite mineralization at Beaver Brook.

About the Beaver Brook antimony trend

The past-producing Beaver Brook antimony mine area hosts epithermal, fracture-controlled stibnite-quartz mineralization along a four-kilometre strike length within graphitic sedimentary rocks of the Indian Islands and Davidsville Groups. These graphitic horizons are important structural and geochemical markers that focus mineralization along thrust and fault zones (Sandeman et al., 2018).

Next steps

Upon completion of the airborne survey, Axiom will deliver conductivity depth imaging (CDI) products and magnetic maps to guide ground follow-up. New Age intends to integrate the geophysical results with soil geochemistry and lithostructural mapping to prioritize future drill targets.

Adjacent property disclaimer

The exploration results and geological information disclosed herein relating to adjacent or nearby properties are not necessarily indicative of the mineral potential of the company's properties. The company has no interest in or right to acquire any interest in the properties referenced. Mineralization hosted on adjacent or nearby properties is not necessarily representative of mineralization that may be hosted on the company's property.

Qualified person

Dr. William Stone, PhD, PGeo, New Age's lead geoscience consultant and a qualified person (QP) as defined by National Instrument 43-101, has reviewed, prepared, and approved all the scientific and technical information disclosed in this press release.

About New Age Metals Inc.

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of precious and critical metal projects in North America. The company has four divisions: a platinum group element division, a lithium/rare element division, Newfoundland gold-antimony division and the Bonanza gold project located in the Kenora mining district, Ontario.

The PGE division includes the 100-per-cent-owned, River Valley project, one of North America's largest undeveloped platinum group element projects, situated 100 km by road east of Sudbury, Ont. In addition to River Valley, New Age owns 100 per cent of the Genesis PGE-Cu-Ni property in Alaska.

The company's lithium division is one of the largest mineral claim holders in the Winnipeg River pegmatite field, where the company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium and cesium. New Age is developing its lithium division in conjunction with its farm-in/joint venture agreement with Mineral Resources Ltd. (MinRes), one of the worlds largest lithium producers. A budget for May, 2025, to April, 2026, will be submitted to Mineral Resources Ltd. for approval. On June 17, 2024, New Age announced the participation in the University of Manitoba's sustainable mineral exploration grant for $1.5-million, which will be shared equally with Grid Metals. The University of Manitoba researchers are poised to unlock more sustainable ways to extract mineral resources, thanks to a $1.5-million grant from the Natural Sciences and Engineering Research Council (NSERC). By harnessing the collective expertise of academia, industry and government, the complex challenges facing the critical minerals industry can be addressed to create sustainable solutions for the future.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale.

The company's philosophy is to be a project generator with the objective of optioning its projects with major and junior mining companies through to production.

The company is actively seeking an option/joint venture partner for its River Valley palladium project and its road-accessible Genesis PGE-Cu-Ni property in Alaska.

We seek Safe Harbor.