Mr. Michael Tucker reports

PERSEVERANCE METALS APPOINTS DR. MARK BENNETT AS STRATEGIC TECHNICAL ADVISOR TO THE BOARD OF DIRECTORS

Perseverance Metals Inc. has appointed Dr. Mark Bennett as a strategic technical adviser to the company's board of directors. The company also reports that it has engaged ICP Securities Inc. to provide market-making services.

Dr. Bennett has over 40 years of expertise in global mineral exploration and mining. As chief executive officer and founding managing director of Sirius Resources, he led the company during the 2012 discovery of the Nova-Bollinger nickel-copper-cobalt mine in Western Australia and its subsequent $1.8-billion sale to Independence Group in 2015. During this time, he steered the discovery, delineation, feasibility, financing, permitting, construction and inception of mining of the Nova mine, which was achieved in 2-1/2 years from the discovery hole.

In addition to the discovery and sale of Nova-Bollinger, Dr. Bennett has held numerous technical, operational, executive and board roles, and played a key role in the discovery of the Wahgnion gold mine, Thunderbox gold mine, Waterloo nickel mine, Baloo gold mine and Aarnivalkea gold deposit. Dr. Bennett is a two-time winner of the Australian Mining and Exploration Companies' prospector award, and was named as a legend in mining at the 2014 Melbourne International Mining and Resources Conference.

Dr. Bennett is a fellow of the Australian Institute of Geoscientists, a fellow of the Geological Society of London, and a member of both the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors. Dr. Bennett is currently executive chair of S2 Resources, non-executive chair of Falcon Metals, non-executive director of Valkea Resources and non-executive director of Manitoba-focused explorer Conduit Nickel. He is also a former director of IGO, a $5-billion (Australian) nickel and lithium producer.

"I am looking forward to working with Mike and the team at Perseverance in their quest for the next big magmatic polymetallic discovery, and quality discoveries transcend all other market drivers," said Dr. Bennett. "The company has a great breadth and depth of expertise, and some exciting emerging and drill-ready prospects with strong early signs of fertility."

"We are extremely pleased that Mark has joined our advisory team," said Michael J. Tucker, chief executive officer and director. "Mark and I are aligned in our passion for exploration and discovery, particularly for high-grade magmatic Ni-Cu-Co-PGE deposits such as his Nova-Bollinger discovery. Dr. Bennett will be an exceptional addition to our already top-tier technical teams."

Engagement of ICP Securities Inc.

The company also announces that it is has engaged the services of ICP Securities to provide automated market-making services in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of $7,500, plus applicable taxes, which will be paid from the company's working capital. The agreement between the company and ICP was signed with a start date of Nov. 14, 2025, is for four months and shall be automatically renewed for subsequent one-month terms unless either party provides at least 30 days written notice prior to the end of the initial term or an additional term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation securities issuable in connection with the engagement. ICP currently has no interest, directly or indirectly, in the company or its securities. ICP and its clients may acquire an interest in the securities of the company in the future. ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities. The appointment of ICP is subject to approval by the TSX-V.

About Perseverance Metals Inc.

Perseverance Metals' critical mineral project portfolio is strategically positioned in key North American nickel-copper-cobalt-platinum-group-element and hardrock lithium regions, including Quebec's prolific James Bay district and Michigan's Mid-continent Rift.

Its strict science-driven approach and extensive record of discovery, coupled with an industry-leading team armed with next-generation exploration tools, provide it with a distinct competitive advantage. This offers a unique opportunity for investors to be part of multiple discoveries, the advancement of significant critical mineral deposits and the development of a portfolio poised for strategic industry consolidation, all vital for the clean energy transition and the creation of new mining districts.

Perseverance's exploration assets include:

1. The Lac Gayot high-grade Ni-Cu-Co-PGE and lithium pegmatite project, which covers the entirety of the Venus greenstone belt in Quebec, featuring multiple, very high-grade Ni-Cu-Co-PGE showings and numerous large spodumene-bearing pegmatites with consistent, high lithium grades in channel sampling;
2. The Voyageur Ni-Cu-Co-PGE project which covers 680 square kilometres of the Upper Peninsula in Michigan, 65 kilometres west of the only producing nickel mine in the United States; and
3. The Armit Lake Ni-Cu-Co project, which is the consolidated and underexplored western half of the nickel- and gold-rich Savant Lake greenstone belt in Ontario.

We seek Safe Harbor.