Mr. Morgan Good reports

SILICON METALS CORP. ANNOUNCES VOLUNTARY LOCK-UP OF 100% OF OUTSTANDING CLASS OF WARRANTS

Silicon Metals Corp. has entered into lock-up agreements with every holder of warrants issued pursuant to the company's non-brokered private placement financing that closed on Aug. 8, 2025, for an aggregate of 8.2 million warrants now subject to lock-up agreements.

Under the terms of the lock-up agreements, each warrantholder has agreed to a voluntary lock-up of their warrants and the common shares issuable upon exercise of such warrants until March 9, 2026. Each warrant subject to the voluntary lock-up is exercisable into one common share of the company at a price of 5.5 cents for a period of 24 months from the date of issuance.

Morgan Good, Silicon Metals' chief executive officer, commented: "Clearly, our team is thrilled to have received 100 per cent of all warrantholders' sign-off for this voluntary escrow as it distinctly proves the loyalty and how well positioned, as well as trusted, the group of investors are that have supported our company. Also, this in turn simultaneously aligns Silicon's corporate and operational strategies as we advance our business through the balance of Q4 2025 into 2026."

About Silicon Metals Corp.

Silicon Metals is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The company has 100-per-cent ownership in the Maple Birch project, located approximately 30 kilometres southeast of Sudbury, Ont., which is a high-purity quartz pegmatite project with a 3,000-tonne-per-year production permit. The company also holds an undivided 100-per-cent right, title and interest in the exploration-stage Ptarmigan silica project located approximately 130 kilometres from Prince George, B.C. The company has also acquired an option to purchase an undivided 100-per-cent right, title and interest in both the exploration-stage Silica Ridge silica project, located approximately 70 kilometres southeast from the town of MacKenzie, B.C., as well as the exploration-stage Longworth silica project located approximately 85 kilometres east from Prince George, B.C.