Armory Mining Provides Corporate Update

Executive Summary

• Armory Mining Corp. announced its planned exploration work for Q2 2026 on the Ammo Antimony‑Gold project in Nova Scotia, budgeting up to CDN $656,000 for the initial phase.
• The company provided an update on the Candela II lithium brine project in Argentina, noting a scoping study underway and an inferred resource of 457,000 t Li₂CO₃.
• Both updates include forward‑looking statements about future data collection, drilling targets, and potential economic significance driven by rising lithium prices.

Key Details

• Ammo Gold‑Antimony Project – Initial Phase 1 work program (data compilation, prospecting, reconnaissance, surface sampling, geophysics) to identify drill targets; budget up to CDN $656,000.
• Historical context: West Gore mine produced ~32,000 t of antimony concentrate (46% grade) and 6,861 oz gold between 1914‑1917.
• Castello Q Exploration Corp engaged in December 2025 to execute the Phase 1 program.

• Company will issue a detailed work‑program update within the next few weeks.

• Candela II Lithium Deposit – Scoping study initiated to assess technical viability and economic potential of the lithium brine project.

• Inferred resource: 457,000 t Li₂CO₃ in‑situ (resource estimate prepared by WSP Australia).
• Current lithium carbonate price up ~30% YTD, enhancing project priority.

• Project located in the “Lithium Triangle”; adjacent concessions held by Ganfeng Lithium, Rio Tinto, and Power Minerals.

• Qualified Persons: Phillip Thomas (Candela II) and Harrison Cookenboo, Ph.D. (overall technical review).

Notable Quotes

• None included in the release.