Metals Creeks' Option Partner Lomiko Continues to Expand on Newly Discovered REE Anomalies at the Yellow Fox Critical Metals/REE Property Located in Central Newfoundland

• On 7 April 2026 Metals Creek, via option partner Lomiko Metals, released assay results from 32 additional soil samples on the Yellow Fox property in central Newfoundland.
• The data show strong enrichment of heavy rare earth elements (Dy, Tb, Y) and HREE+Y/LREE ratios up to 1.25, a rarity for REE projects.
• Path‑finder anomalies for Ga (41.9 ppm), Rb (194.6 ppm) and Zr (average 546 ppm, max 1,169 ppm) support a highly fractionated peralkaline granite host analogous to the HREE‑rich Strange Lake complex.
• Management outlines next steps: re‑assaying, infill sampling, ground geophysics, surface trenching, line‑cutting and drilling – permits are already in hand.
• Qualified Persons: Gordana Slepcev (Lomiko Metals) and Wayne Reid (Metals Creek).

Aspect	Prior expectation	New information	Impact
REE grade quality	Earlier soil work (2025‑01, 2025‑02) identified LREE anomalies and modest HREE values.	HREE+Y/LREE ratios > 0.5 (up to 1.25) and heavy REEs at 10‑20× background; Ga/Rb/Zr enrichments indicate a rare peralkaline system.	Material – Positive: the magnitude of HREE enrichment is unexpected and materially improves the economic potential of Yellow Fox as a critical‑metal asset, especially for dysprosium and terbium which command premium prices.
Project timeline	Drilling permits were secured; next phase was planned but not quantified.	Explicit drill‑ready work program disclosed (line‑cutting, geophysics, trenching).	Reinforces near‑term upside – aligns with earlier guidance, but the higher grades raise the probability of a successful drill campaign.
Financing need	Ongoing private placements for cash flow; no immediate capital shortfall reported.	No new financing announced; results are funded by existing cash and prior placements.	Neutral to positive – reduces near‑term dilution risk.

Overall, the April 7 REE assay update exceeds earlier expectations for heavy‑REE content and therefore constitutes a material positive catalyst.

Metals Creek Resources Corp. (TSXV: MEK) is a junior exploration company focused on:

• Ogden Gold Project – 50 % JV in the Porcupine‑Destor Fault zone, Timmins, Ontario; historic high‑grade gold intercepts and ongoing drill planning.
• Yellow Fox Critical Metals/REE Property – 109 claim units (2,725 ha) in central Newfoundland; joint option with Lomiko Metals targeting a HREE‑rich peralkaline granite system.
• Tillex Copper‑Silver Project – 100 % owned in Ontario; recent high‑grade Cu‑Ag intercepts but secondary to gold and REE focus.