Eureka Lithium to acquire Stairway Mining

Mr. David Bowen reports EUREKA ENTERS INTO SHARE PURCHASE AGREEMENT OF STAIRWAY MINING CORP Eureka Lithium Corp. has agreed to acquire a 100-per-cent interest in the Tyee titanium and vanadium project, located within the Havre-St-Pierre region of Quebec, and the Cabin Lake silver-gold-zinc-lead project, located in the Omineca mining district of British Columbia's famous Golden Triangle, from Stairway Mining Inc. through the purchase of all of the shares of Stairway, pursuant to the terms of a share purchase agreement dated Jan. 26, 2026. The consideration to be paid by the company under the purchase agreement consists of 12 million common shares of Eureka. Stairway and its shareholders are arm's length to Eureka. The Tyee project comprises 189 contiguous mineral claims covering approximately 10,136 hectares. The Tyee project is located in the Havre-St-Pierre anorthosite complex, a district known for being prospective and infastructure-advantaged for titanium. The Tyee project includes the Big TiO, NS Trend and East Nugget targets, which have been the subject of historical geophysics and surface work. The Cabin Lake project comprises six contiguous mineral claims covering approximately 2,363 hectares. The Cabin Lake project is strategically located in British Columbia's Golden Triangle, which hosts notable mines and deposits such as the Eskay Creek mine and the KSM project. "We are excited about the proposed acquisition of the Tyee and Cabin Lake projects in Quebec and British Columbia," stated Dave Bowen, chief executive officer of Eureka Lithium. "These projects give Eureka exposure to mineral projects targeting exploration for important materials necessary for defence and high-tech applications." The closing of the acquisition is expected to take place on or about Feb. 3, 2026, subject to customary closing conditions and regulatory approvals, including approval by the Canadian Securities Exchange. Qualified person Afzaal Pirzada, MSc, PGeo, a consultant to the company and a qualified person within the meaning of National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release. About Eureka Lithium Corp. Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100-per-cent ownership of three projects comprising 2,108 square kilometres in the emerging Raglan West, Raglan South and New Leaf lithium camps. These claims were acquired from famed prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access. We seek Safe Harbor.