Formation Metals appoints Rosmus to advisory board

Mr. Deepak Varshney reports FORMATION METALS APPOINTS ROGER ROSMUS TO NEWLY ESTABLISHED ADVISORY BOARD Formation Metals Inc. has appointed Roger Rosmus to the company's newly formed advisory board. Mr. Rosmus, currently the founder and chief executive officer of Goliath Resources, serves as the inaugural appointment to this board. Mr. Rosmus brings over 25 years of experience in investment banking, corporate finance and executive management within the resource sector. As the driving force behind Goliath Resources, he has a proven record of building and leading successful exploration companies, particularly in precious metals. Under his leadership, Goliath Resources has advanced the flagship Golddigger project in British Columbia's prolific Golden Triangle, delivering multiple high-grade gold discoveries and attracting significant institutional investment. His expertise will be instrumental as Formation Metals scales its operations and enhances its strategic positioning in the junior mining sector. This milestone appointment marks the first step in strengthening Formation Metals' strategic advisory capabilities as the company accelerates exploration and development at its flagship N2 gold project in Quebec's Abitibi greenstone belt, where the company recently released the following assays from its fully financed, 30,000-metre maiden drill campaign: N2-25-005: 0.91 gram per tonne gold over 42.3 metres beginning at 14.0 metres downhole, 9.9 metres vertical; highlight intervals include 2.04 g/t Au over 8.1 metres and 1.31 g/t Au over 11.4 metres; N2-25-012: 1.75 g/t Au over 30.4 metres beginning at 64.1 metres downhole, 45.3 metres vertical; highlight intervals include 3.51 g/t Au over 10.5 metres and 19.2 g/t Au over 0.51 metre. These wide, continuous near-surface intercepts validate the findings of the over 55,000 metres of historical drilling, significantly enhancing confidence in the geological model and reducing technical risk for future development. N2 is host to a global historic resource of approximately 871,000 ounces comprising 18 million tonnes grading 1.4 g/t Au (approximately 810,000 ounces Au) across four zones (A, East, RJ East and Central) and 243,000 tonnes grading 7.82 g/t Au (approximately 61,000 ounces Au) across the RJ zone and is located 25 kilometres south of Matagami, Que. The assay results provide strong evidence for identifying further near-surface gold-bearing mineralization along strike and at depth, with N2-25-005 and N2-25-012 tracing a continuous mineralized zone nearly 100 metres apart that suggests excellent potential for an open-pit resource. The drilling campaign has returned results exceeding historical averages, demonstrating both improved grade continuity and shallow mineralization. "We are thrilled to welcome Roger as the founding member of our advisory board," said Deepak Varshney, chief executive officer of Formation Metals. "Roger's deep understanding of the Canadian capital markets and his success in building value for shareholders at Goliath Resources Ltd. make him an invaluable asset. This appointment marks a significant milestone for Formation Metals as we begin to assemble a world-class team of advisers to support our growth trajectory." The newly established advisory board will provide Formation Metals' executive team with strategic counsel on exploration, corporate development and institutional outreach. Mr. Rosmus stated: "I am excited to join Formation Metals at this pivotal time. The N2 project's location in the world-class Abitibi greenstone belt, combined with its historic resource base and ongoing drilling success, positions the company for substantial upside. I look forward to contributing my experience in exploration strategy, capital markets and stakeholder engagement to help drive the next phase of growth and work closely with the team to help unlock the full potential of their assets." Project summary Comprising 87 claims totalling approximately 4,400 hectares within the Abitibi subprovince of Northwestern Quebec, Formation's flagship N2 gold project is an advanced gold project with a global historic resource of approximately 871,000 ounces comprising 18 million tonnes grading 1.4 g/t Au (approximately 810,000 ounces Au) and 243,000 tonnes grading 7.82 g/t Au (approximately 61,000 ounces Au). There are six primary auriferous mineralized zones in total, each open for expansion along strike and at depth. Compilation and geophysical work by Balmoral Resources Ltd. (now Wallbridge Mining) from 2010 to 2018 generated numerous targets that are being investigated for the first time by Formation with diamond drilling. Phase 1 of its fully financed, 30,000-metre drill program comprises 14,000 metres and is designed to: Resource confidence and conversion: infill shallow gaps to improve confidence in near-surface mineralization; Resource growth: test downdip extensions and stepouts along strike to the west beyond the historic resource limits; Metallurgy: collect representative core for confirmatory test work to validate recoveries. Targeting a conceptual open-pit resource, Formation is aiming to deliver a maiden mineral resource estimate after phase 1 in Q3, incorporating nearly 70,000 metres of drilling. Two drill rigs have been deployed to systematically test priority targets at the A and RJ zones across over eight kilometres of strike, accelerating its program while evaluating multiple discovery targets across the corridor. Historical highlights from the top two priority zones include: A zone -- a shallow, highly continuous, low-variability historic gold deposit with approximately 522,900 ounces identified at a grade of 1.52 g/t Au: Approximately 15,000 metres have been drilled historically across 1.65 km of strike, with 84 per cent of historical drill holes intercepted auriferous intervals, including up to 1.7 g/t over 35 metres. RJ Zone -- a high-grade historic gold deposit with approximately 61,100 ounces identified at a grade of 7.82 g/t Au, with high-grade intercepts from historical drill holes as high as 51 g/t Au over 0.8 metre and 16.5 g/t Au over 3.5 metres: This zone was the target of the most recent drilling at the property by Agnico-Eagle Mines in 2008, when the price of gold was approximately $800 (U.S.) per ounce. Only approximately 900 metres of strike have been drilled, with more than 4.75 km of strike remaining to be tested. The company's internal view is that the N2 project has the potential to host a potential open-pit resource. This optimism is driven by several key factors: Significant undrilled strike length: The A zone alone has greater than 3.1 km of strike open (only approximately 35 per cent drilled historically) while the RJ Zone has greater than 4.75 km remaining untested -- offering substantial room for lateral expansion of known mineralization. Open at depth and along strike: All zones remain open, with historical drilling limited to shallow depths (approximately 350 m), leaving considerable vertical upside in a proven gold camp. Wide, continuous near-surface intercepts: Recent drilling has confirmed thick zones (100 to more than 200 m) of target mineralization starting near surface, ideal for bulk-tonnage, open-pit scenarios with low strip ratios and high tonnage potential. Regional analogy and pedigree: Located in the Casa Berardi trend, which hosts multiple multimillion-ounce deposits (for example, Casa Berardi greater than two million ounces produced and 14.3 million tonnes at 2.75 g/t Au P&P (proven and probable) in reserve and Douay greater than three million ounces in resources (10 million tonnes at 1.59 g/t Au indicated and 76.7 million tonnes at 1.02 g/t Au inferred)), N2 shares similar geology and structural controls. Nearby, Vezza produced from higher-grade underground mining, but N2's shallower, wider zones suggest superior open-pit economics. Untested targets: Compilation work identified numerous geophysical anomalies (induced polarization, electromagnetic, versatile time-domain electromagnetic) that remain undrilled, providing discovery potential beyond known zones. Rising gold prices and economic viability: At current gold prices, lower-grade bulk-tonnage deposits become highly attractive, enhancing the project's upside. Strategically located 25 km south of the mining town of Matagami, Que., this prime location provides year-round access through provincial highways and logging roads, proximity to skilled labour, power infrastructure, and established mining services in a jurisdiction known for its gold production exceeding 200 million ounces historically. The project lies along the Casa Berardi mine trend, which hosts multiple million-ounce gold deposits, and is situated approximately 1.5 km east of the former-producing Vezza gold mine operated by Nottaway Resources from 2013 to 2019 producing over 100,000 ounces of gold through underground methods. The region's robust infrastructure supports toll milling opportunities, with potential access to nearby processing facilities such as those at Casa Berardi or other Abitibi mills, enabling cost-effective development without the need for on-site mill construction. The company also believes that N2 has significant base metal potential, where it recently completed a revaluation process, which revealed significant copper and zinc intercepts within historic drill holes known to have significant gold grades (greater than one g/t Au). Assay results range from 200 to 4,750 parts per million and 203 ppm to 6,700 ppm, for copper and zinc, respectively, indicating strong potential for elevated base metal (copper-zinc) concentrations across the property, specifically at the A and RJ zones. Property-wide geology at N2 features volcanic and sedimentary rocks formed in regional anticlinal and synclinal flexures. Three principal deformation structures, oriented along the known northwest-southeast to west-northwest-east-southeast structural trends typical of VMS (volcanogenic massive sulphide) deposits in the Matagami region, function as critical geologic controls for mineralization on the property. Qualified person The technical content of this news release has been reviewed and approved by Babak V. Azar, PGeo, Geo (OGQ No. 10876), an independent contractor and a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. Quality assurance and quality control The quality assurance and quality control protocols include insertion of blank or standard samples (accredited by Canadian Resource Laboratories) every 10 samples on average during the analytical process. The gold analyses were completed by fire assay (FA) method with an atomic absorption and ICP finish on 50 grams of materials at the Laboratoire Expert Inc. in Rouyn-Noranda, Que., Canada, and Agat Laboratories Ltd. in Val d'Or, Que., Canada. The repeats were carried out by FA followed by gravimetric testing on each sample containing 10.0 g/t gold or more. Total gold analyses (metallic sieve) were carried out on the samples that presented a great variation of their gold contents or the presence of visible gold. About Formation Metals Inc. Formation Metals is a North American mineral acquisition and exploration company focused on the development of quality properties that are drill ready with high upside and expansion potential. Formation's flagship asset is the N2 gold project, an advanced gold project with a global historic resource of approximately 871,000 ounces (18 million tonnes grading 1.4 g/t Au (approximately 810,000 ounces Au) across four zones (A, East, RJ East and Central) and 243,000 tonnes grading 7.82 g/t Au (approximately 61,000 ounces Au) across the RJ zone) and six mineralized zones, each open for expansion along strike and at depth, including the A zone, of which only approximately 35 per cent of strike has been drilled (greater than 3.1 km open), and the RJ zone, host to historical high-grade intercepts as high as 51 g/t Au over 0.8 metre. We seek Safe Harbor.