Mr. Jim Coates reports

YUKON METALS SAMPLES UP TO 250 G/T GOLD IN ROCK AND EXPANDS LAND POSITION AT CARTER GULCH, YUKON

Yukon Metals Corp. has released high-grade gold results from a 2025 rock sampling program, resulting in the establishment of a new land position at the Carter Gulch property, located 40 kilometres southwest of Whitehorse, Yukon, and 10 kilometres from the Alaska Highway.

Highlights:

• High-grade gold identified from 2025 rock sampling, including up to 250 grams per tonne (g/t) gold (Au) with average sample grade of 17.8 g/t Au and minimum of 0.00 g/t Au, from quartz vein float material on surface.
• New land position established at the Carter Gulch property with the staking of 68 claims surrounding the original claims.
• Gold mineralization associated with quartz veining and shear-related structures, with elevated lead and other pathfinder elements identified.

"These high-grade gold samples collected from our Carter Gulch property are an exciting start to early stage exploration on an easily accessible property," commented Jim Coates, interim chief executive officer of Yukon Metals. "Additional staking has allowed us to secure the core areas of known mineralization at the property while expanding our footprint to include nearby showings. Information gathered during the sampling program will help inform our next steps at the property, which will include additional surface sampling, detailed geological mapping and target definition."

2025 rock sampling results

During 2025, the company completed a targeted rock sampling program focused on quartz veins and vein-related mineralization in the Carter Gulch area. Nine samples graded over one gram per tonne gold, with an average of 17.8 g/t Au, out of a total of 27 rock samples collected and submitted for analysis.

Rock sampling returned highly anomalous gold values, including a peak result of 250 g/t Au in a float sample of oxidized quartz vein material (Table 1). Multiple samples returned multigram gold values and were accompanied by elevated concentrations of lead, zinc, copper and pathfinder elements such as arsenic and antimony. Lead values reached up to 2.96 per cent lead (Pb), highlighting a strong multielement association commonly observed in structurally controlled gold systems.

Rock samples taken while prospecting referenced in this release are selective in nature and collected to determine the presence or absence of mineralization and may not be representative of the mineralization hosted on the project.

Property acquisition and location

The company has staked 68 new quartz claims, which, together with the two existing claims, comprise a total of 70 claims covering approximately 1,462 hectares at the Carter Gulch property. The Kiyoko claims host the Carter Gulch (CG) showing. The CG showing was identified by prospecting in 1993, following anomalous gold results from a Geological Survey of Canada regional stream sediment surveys conducted in the 1980s, with follow-up rock sampling returning gold values of up to 142 grams per tonne Au, 1.3 per cent Pb and 1.1 per cent Cu from quartz vein-hosted shear zones containing visible gold. The newly staked claims also cover the Peppy showing; a known gold occurrence located approximately 1.5 kilometres southeast of the CG showing.

The newly staked claims were acquired to consolidate the broader structural and geochemical footprint surrounding the CG showing and to capture potential extensions of gold mineralization identified by historical exploration and recent company sampling. The current land position is comparable in scale with a previously assembled claim block that surrounded the Kiyoko claims during historical exploration campaigns.

Claim staking was completed by Vision Quest Drilling, a Kluane First Nation citizen-owned company, with helicopter support provided by Yukon-based Capital Helicopters.

Historical context

Previous exploration at Carter Gulch identified gold-bearing quartz veins and shear zones, including visible gold at the CG showing and the nearby Peppy showing. Historical rock sampling returned highly anomalous gold values, and soil geochemical surveys outlined gold anomalies extending hundreds of metres beyond known showings. Much of the surrounding ground lapsed following earlier exploration campaigns and has now been reconsolidated by the company.

The Carter Gulch property is located in southern Yukon, approximately 40 kilometres east-southeast of Whitehorse, the territorial capital and a major regional service and logistics centre. Gravel roads extend to within two kilometres of the property and the Alaska Highway is 10 kilometres from the edge of the claim block.

Carter Gulch is one of the company's early stage exploration portfolio of projects that serves as a development pipeline, generating targets for further advancement.

Next steps

The company is planning follow-up exploration at Carter Gulch, including additional surface sampling, detailed geological mapping, and the evaluation of priority targets defined by historical work and the 2025 rock sampling program.

QA/QC (quality assurance/quality control)

Rock samples were sent to ALS Minerals for analysis with sample preparation in Whitehorse, Yukon, and analysis in North Vancouver, B.C. Samples were prepared by crush to 70 per cent passing two millimetres, 250 grams split pulverized better than 85 per cent passing 75 micrometres (Prep-31A). Pulp samples were analyzed for 48 elements by four-acid digestion and ICP-MS (ME-MS61L). All samples were analyzed for gold by Au-NANO51, samples over 250 parts per billion were assayed with 30 g fire assay with ICP-AES finish (Au-ICP21), and samples over 10 parts per million were further sampled with 30 g fire assay and gravimetric finish (Au-GRA21).

Qualified person

The technical content of this news release has been reviewed and approved by Helena Kuikka, PGeo, vice-president of exploration, for Yukon Metals and a qualified person (as defined by National Instrument 43-101).

About Yukon Metals Corp.

Yukon Metals is a well-financed exploration company with a 17-project portfolio covering more than 43,000 hectares. Built on over 30 years of Berdahl family prospecting, the same team behind Snowline Gold's district-scale assets, Yukon Metals provides exposure to copper, gold, silver and critical metals. While advancing high-priority drill targets at the Birch and AZ copper-gold systems, the company is also conducting generative exploration across its broader portfolio to develop the next pipeline of discovery opportunities. Guided by an experienced leadership team with technical, financial and Yukon expertise, the company is well positioned to unlock new mineral discoveries across the Yukon territory.

Yukon Metals is committed to fostering sustainable growth and prosperity within Yukon's local communities, while also enhancing shareholder value. Rooted in a philosophy of inclusiveness and shared prosperity, the company's strategy offers both local community members and investors the opportunity to contribute to and benefit from its success.

Yukon

Yukon remains one of the world's last underexplored mineral belts, offering exceptional discovery potential. The territory is home to a highly skilled and conscientious local work force, shaped by generations of exploration experience coupled with a deep respect for the land.

Recent major discoveries with local roots, such as Snowline Gold's Rogue project -- Valley Discovery, highlight the Yukon's potential to generate fresh district-scale mining opportunities.

We seek Safe Harbor.