American Tungsten to acquire 150 million Viking shares

Mr. Ali Haji reports AMERICAN TUNGSTEN ANNOUNCES STRATEGIC INVESTMENT IN VIKING MINES American Tungsten Corp. has entered into a letter of offer agreement with GTT Ventures Pty. Ltd. and Viking Mines Ltd. (VKA). Under the terms of the letter agreement, American Tungsten will subscribe for 150 million ordinary shares in VKA at a price of 0.5 Australian cent per share, representing an investment of $750,000 (Australian). VKA intends to use the proceeds from its planned $3.8-million (Australian) placement to acquire a 100-per-cent interest in a portfolio of six tungsten projects in Nevada, United States. Historical production from these properties is reported at approximately 123,000 tons, at an average grade of 0.54 per cent WO3. The financing is expected to close in February, 2026, after VKA shareholder approval is obtained. "This strategic cornerstone investment in Viking Mines strengthens our ability to build a meaningful U.S.-based tungsten platform. With tungsten's outlook at historic highs and secure Western supply more critical than ever, this investment directly complements our existing footprint at the IMA tungsten mine. Together, these assets create clear alignment across exploration, resource growth and the development of future domestic supply," said Ali Haji, chief executive officer of American Tungsten. About American Tungsten Corp. American Tungsten is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The company is advancing the Ima mine project in Idaho to commercial production, addressing critical metal scarcity in North America. The company's Ima mine project is a historic and high-quality underground tungsten past-producing property on private-patented land, well above the water table with significant infrastructure. The company holds an exclusive option to acquire full ownership (subject to a 2-per-cent royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres. We seek Safe Harbor.