Live Energy amends terms of McDermitt East agreement

Mr. Adrian Smith reports LIVE ENERGY MINERALS ANNOUNCES AMENDING AGREEMENT WITH US CRITICAL METALS FOR MCDERMITT EAST LITHIUM PROJECT Live Energy Minerals Corp., together with its wholly owned subsidiary, Lithium Valley Holdings Corp. (LVH), has entered into an amending agreement dated Oct. 3, 2025, with U.S. Critical Metals Corp. (USCM) and its subsidiary, U.S. Energy Metals Inc. (USEM), to restructure the terms of the existing exploration and option to enter joint venture agreement dated Sept. 15, 2023, relating to the McDermitt East lithium project. Under the amendment, Live Energy and LVH have agreed to replace the joint venture and earn-in structure with a direct path for USCM/USEM to acquire a 100-per-cent interest in the project on the following terms. Payment I -- initial acquisition (50-per-cent interest): $25,000 cash payable within 10 business days of execution; 1,283,000 common shares of USCM issued to Live Energy/LVH within 10 business days of execution. Payment II -- final acquisition (remaining 50-per-cent interest): $25,000 cash payable within six months; $500,000, payable in USCM common shares, cash or a combination thereof (at USCM/USEM's election), within 24 months of execution. Upon completion of these payments, USCM/USEM will hold a 100-per-cent interest in the project, subject to a retained royalty. Live Energy and LVH will retain a 2-per-cent net smelter return (NSR) royalty on future production from the project. USCM/USEM will have the right to buy back a 1-per-cent royalty for $1-million. In addition, Live Energy announces that it received 167,000 common shares of USCM on Oct. 6, 2025, issued at a deemed price of 30 cents per share, to grant USCM a six-month extension for certain exploration payments that were due under the original agreement. About Live Energy Minerals Corp. Live Energy is a mining exploration company actively engaged in exploring for and identifying new opportunities in clean energy minerals in North America and South America. Live Energy holds applications for a 100-per-cent interest in the uranium, vanadium and molybdenum Messa Top mine projects, located in the Colorado plateau. Live Energy has also retained an interest in the McDermitt Lithium East project, Nevada. Live Energy is focused on creating value for its shareholders by combining quality project with proven exploration strategies and a team driven to achieve exceptional outcomes. We seek Safe Harbor.