Mont Royal Holds First Public Information Meeting in Kuujjuaq for the Ashram Project

Mont Royal Resources Limited (MRZL) hosted its first public information meeting in Kuujjuaq, Quebec, to engage with the local community regarding the Ashram Rare Earths and Fluorspar Project. Management outlined a commitment to ongoing community engagement, including quarterly presences in Kuujjuaq and bi-annual public information sessions.

The release reiterates key technical and economic metrics from the updated June 2026 Preliminary Economic Assessment (PEA), including a 30-year mine life and specific production targets for rare earth oxides. The project is advancing through a Pre-Feasibility Study (PFS), alongside environmental studies and infrastructure development.

Mineral Resource Estimates remain unchanged from prior disclosures: * 73.2 million tonnes at 1.89% TREO (Indicated) * 131.1 million tonnes at 1.91% TREO (Inferred)

The company retains a 75% interest in Northern Lights Minerals' 536km² tenement package in the Upper Eastmain Greenstone belt.

Mont Royal Resources Limited (MRZL) issued a standard community engagement update that reiterates previously disclosed Preliminary Economic Assessment (PEA) metrics and confirms the ongoing advancement of its Preliminary Feasibility Study (PFS). The release does not introduce new technical data, financial updates, or strategic partnerships. The market was already aware of the PEA completion scheduled for June 2026, the Alta Resource Joint Study Agreement (JSA) in August 2026, and the company’s selection for the Canada Investment Summit in September 2026.

Community engagement in Nunavik is a mandatory and expected step for permitting and social license. While positive for long-term project viability, the activity carries no immediate market-moving financial or operational impact. The stock price has already declined significantly from its October 2025 highs, reflecting the company's pre-revenue status and capital burn. This release does not alter the near-term risk/reward profile.

Mont Royal Resources Limited (ASX: MRZ / TSXV: MRZL) is a dual-listed critical minerals developer focused on the Ashram Rare Earths & Fluorspar Project in Nunavik, Quebec. The Ashram deposit is a monazite-dominant carbonatite-hosted rare earth element deposit, described as one of the largest undeveloped in North America. The company reports a resource of 73.2 Mt Indicated @ 1.89% TREO and 131.1 Mt Inferred @ 1.91% TREO.

A preliminary economic assessment (PEA) dated June 2026 outlines a 30-year mine life with an average annual production of approximately 17,466 tonnes of saleable rare earth oxide (REO), including roughly 4,035 tonnes per annum of neodymium-praseodymium (NdPr). The assessment projects a post-tax NPV8% of CAD $2.03B, an internal rate of return (IRR) of 22%, and a 3.9-year payback period.

Secondary assets include the Eldor Niobium Project and a 75% interest in the Northern Lights Lithium/Gold project. The company is currently transitioning from exploration to the pre-feasibility study (PFS) phase, with a focus on derisking metallurgy, logistics, and downstream processing.