Clean Air Metals' Oct. 31 cash at $1.64-million

Mr. Mike Garbutt reports CLEAN AIR METALS FILES INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED OCTOBER 31, 2025 Clean Air Metals Inc. has filed its unaudited consolidated interim financial statements and management discussion and analysis for the nine-month period ended Oct. 31, 2025, available for viewing on SEDAR+. Financial highlights: Total assets as at Oct. 31, 2025, of $36,602,553; Total cash as at Oct. 31, 2025, of $1,643,422; Working capital deficiency as at Oct. 31, 2025, of $1,746,454; Shareholder equity as at Oct. 31, 2025, of $33,030,843. During the nine months ended Oct. 31, 2025, the company incurred $1,046,223 in cost for exploration activities at the TBN project. Key activities of the company's management team this quarter included the completion of the initial drilling of the first stepout exploration target within the Escape downplunge area, resulting in a mineralized intersection 400 metres from the known resource. The team also successfully completed a preliminary economic assessment (PEA) for Thunder Bay North that outlined a toll-milling case with a mine plan that is focused on higher-margin material in the Current and Escape deposits. Results of the study were released during the quarter, with the final report expected to be filed early in fiscal Q4. Full details of the financial reports and operating results for the nine-month period ended Oct. 31, 2025, are described in the company's unaudited consolidated interim financial statements with accompanying notes and related management discussion and analysis, available on SEDAR+. About Clean Air Metals Inc. Clean Air Metals is a development and exploration company advancing its flagship, 100-per-cent-owned Thunder Bay North (TBN) critical minerals project, 40 kilometres northeast of Thunder Bay, Ont. The TBN project, accessible by road and next to established infrastructure, hosts two deposits -- the Current and Escape deposits, only 2.5 kilometres apart. Together, the deposits host a 13.8-million-tonne indicated mineral resource containing 2.4 million platinum equivalent ounces (technical report on the Thunder Bay North project, Ontario, Canada, National Instrument 43-101, SLR Consulting Canada Ltd., June 19, 2023) with significant potential for expansion downplunge. One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction and benefits from long-standing relationships with local first nations. With its proven technical team, Clean Air Metals is committed to growing the resources at the TBN project and creating long-term value for shareholders. Social engagement Clean Air Metals acknowledges that the Thunder Bay North critical minerals project is located within the area encompassed by the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, the Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the contributions of the Metis Nation of Ontario, Region 2 and the Red Sky Metis Independent Nation to the rich history of the company's area. The company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, travelled and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with first nations, Metis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation. We seek Safe Harbor.