Metal Energy to issue 862,708 shares for option payment

An anonymous director reports METAL ENERGY ANNOUNCES SHARE ISSUANCE FOR NIV PROPERTIES IN TOODOGGONE, BC Further to the option agreement previously announced on Oct. 23, 2025, respecting the Niv and West Niv exploration properties in north-central British Columbia, Metal Energy Corp. intends to issue 862,708 common shares to the optionor. The issuance of the shares constitutes the second payment required under the agreement. Under the terms of the agreement, the shares form part of the consideration payable by Metal Energy for the exclusive option to acquire an 80-per-cent interest in the properties. The shares are to be issued at a deemed price of 34.8 cents per share representing the 10-trading-day volume-weighted average price of the company's common shares. The issuance of the shares is subject to the approval of the TSX Venture Exchange and the shares shall be subject to a four-month-and-one-day hold period. About Metal Energy Corp. Metal Energy is a critical metals exploration company focused on copper and gold assets in Canada. The company now controls Niv, a newly acquired, fully permitted and drill-ready copper-gold-molybdenum project located in British Columbia's prolific Toodoggone district, a region known for significant porphyry deposits. With the addition of Niv, Metal Energy's portfolio now includes three high-potential projects: Niv project (copper/gold/molybdenum; 100 per cent controlled) -- Toodoggone district, British Columbia; Highland Valley project (copper/molybdenum/silver/gold/rhenium; 100 per cent owned) -- British Columbia; Manibridge project (nickel/copper/cobalt/platinum group elements; 85 per cent owned) -- Manitoba. We seek Safe Harbor.