Mr. Kelly Abbott reports

PEGMATITE ONE LITHIUM AND GOLD CORP. SETTLES OUTSTANDING DEBT

Pegmatite One Lithium and Gold Corp. has closed its previously announced debt settlement (see June 25, 2026, press release), settling outstanding indebtedness totalling $90,000 through the issuance of 666,667 common shares at a price of 13.5 cents per share.

The securities are subject to a four-month-and-one-day hold from the date of issuance. In addition, the debt settlement is subject to the approval of the Canadian Securities Exchange.

We seek Safe Harbor.