New Age completes summer exploration program at Genesis

Executive Summary

• New Age Metals completed its 2025 summer field program on the 100 % owned Genesis PGM‑Cu‑Ni project in southeast Alaska.
• The program focused on detailed mapping, lithogeochemical grid work and collection of 163 rock samples (including QA/QC) from the Sheep Hill area; assay results are pending.
• The company announced a grant of 2,925,000 incentive stock options at $0.26 per share to directors, officers, employees and service providers.

Key Details

• Genesis project is road‑accessible, located ~3 km from the Richardson Highway and a high‑capacity power line; property comprises 4,144 ha of Alaska mining claims.
• Two magmatic reef‑style mineralization settings:
• Chromite‑hosted PGM up to 2.4 g/t Pd and 2.4 g/t Pt.
• Ni‑Cu sulphide up to 0.96 % Ni and 0.58 % Cu.
• Reef‑style mineralization is open in all directions, identified over ~2 km strike length with ~40 m true thickness; PGM mineralization spans ~9 km across the prospect – no drilling has yet tested these targets.
• 2025 fieldwork (July 15‑19) included:
• Detailed geological mapping at 1:1,000 scale of western Sheep Hill.
• Collection of 134 rock samples; after QA/QC additions, 163 samples shipped to ALS in Reno, NV for assay (results pending).
• Logistics: confirmed ~11 mi of ATV trail access, safe Bernard Creek crossing, and refined travel time (~1 hour each way) from Tonsina River Lodge base camp. Program completed within budget.
• Engagement of Alaska Earth Sciences (AES) for a six‑day, four‑person program to follow up on 2021 copper anomalies identified by Aurora Geosciences and recommendations from the 2018 technical report. Activities included mapping (1:1,000–1:2,000), lithogeochemical grid planning (100 m × 100 m), and targeted grab sampling.
• Post‑assay plan: results will be reviewed; AES will prepare an updated geological report with new recommendations for future work.
• Qualified Person: Robert M. Retherford, CPG No. 10904, has reviewed and approved the scientific and technical disclosure per NI 43‑101.
• Incentive Stock Options: 2,925,000 options granted at an exercise price of $0.26 per share; five‑year term, subject to vesting, TSX Venture Exchange acceptance, and regulatory hold periods.

Notable Quotes

(No direct quotes were provided in the release.)