Nexcel Metals Commences Airborne Geophysical Survey at Burnt Hill Tungsten Project, New Brunswick

• On April 7, 2026 Nexcel Metals Corp. announced the commencement of a 1,480 km airborne geophysical survey at the Burnt Hill Tungsten Project in New Brunswick.
• The survey is being conducted by Xcalibur MPH (Canada) Ltd. using an HeliTEM® TDEM system with magnetic data acquisition.
• Survey specifications: ~100 m line spacing, 21 m transmitter loop, multi‑component EM collection, real‑time GPS navigation and safety monitoring.
• Objectives include identifying new drill targets, mapping conductive structures linked to tungsten mineralization, supporting Phase 1 drilling planned for summer 2026, and upgrading geological/geophysical models.
• The Burnt Hill property hosts a NI 43‑101 indicated resource of 1.76 Mt at 0.292% WO₃ (≈8.99 Mlb W) plus inferred resources.
• CEO Hugh Rogers described the survey as a “major milestone” that will enhance targeting and position the company for a strong inaugural drill campaign in 2026.

• The announcement is an operational update consistent with prior disclosures:
• March 19, 2026: engagement of Xcalibur for the HeliTEM survey.
• March 24, 2026: expansion of the Burnt Hill claim block to ~5,677 ha.
• No immediate financial impact, earnings guidance, or material change to the resource base is disclosed.
• The survey represents a routine, expected step in advancing the project toward its planned summer drilling program; therefore it is Routine‑Positive rather than material.

Nexcel Metals Corp. is a Canadian exploration company focused on critical minerals. Its flagship asset is the Burnt Hill Tungsten Project in central New Brunswick (~5,677 ha after recent claim staking). The project hosts a NI 43‑101 indicated resource of 1.76 Mt at 0.292% WO₃ (≈8.99 Mlb W) plus inferred resources of 1.52 Mt at 0.263% WO₃, with associated molybdenum and tin credits. Tungsten is deemed a critical mineral for aerospace, defense, and high‑performance alloys, giving the project strategic significance.