Hayasa Metals completes phase 2 drilling at Urasar

Mr. Joel Sutherland reports HAYASA METALS COMPLETES 2025 DRILLING PROGRAM AT URASAR; UPCOMING PHASE 2 2025 DRILL PROGRAM AT VARDENIS Hayasa Metals Inc. has successfully completed its phase 2 diamond drill program at its 100-per-cent-owned Urasar mineral district in northern Armenia; and the planned commencement of the 2025 drill campaign at the company's Vardenis copper-gold project, 20 kilometres along strike from the Amulsar deposit. During June and July, 2025, a total of 2,040.1 metres were drilled across eleven diamond drill holes at the Urasar project. The program targeted five prospects along the 15 km-long mineralized corridor, including: Western zone: Copper Creek, Oxide basin and Golden vein; Eastern zone: Black River and Brick House. Approximately 400 core samples from drill holes UDD-010 through UDD-016 have been submitted for preparation and laboratory analysis. Assay results are expected in late September this year. Logging, cutting and processing of the remaining holes are continuing. Figure 1. Urasar phase 2 drill hole summary Commencement of 2025 drill program at Vardenis Hayasa is also pleased to announce that the 2025 Vardenis drill campaign will begin in mid-August. The program will consist of eight to 10 drill holes, totalling a minimum of 3,400 metres, targeting the northern portion of the 94-square-kilometre licence area. This region hosts the most promising molybdenum anomalies and low-resistivity/high chargeability zones identified through the 2024 induced polarization (IP) survey and a recently completed magneto-telluric (MT) survey. Drill pad construction is currently under way, and final planning of drill hole locations is in progress. An updated drill plan map will be released at the start of the campaign. Chairman and president commentary Dennis Moore, president and qualified person for Hayasa Metals, commented: "This is an exciting time for our company. We've put significant effort into preparing for these drill campaigns -- conducting MT surveys, improving road access and working closely with geological specialists and local contractors. The 2,000-metre, 11-hole program at Urasar has concluded successfully, and I'm particularly encouraged by the copper sulfide mineralization observed in most holes, especially those from the Golden vein area." Mr. Moore continues: "We're now turning our focus to Vardenis. With its extensive alteration footprint -- the largest in Armenia -- and strong geophysical and geochemical signatures, we believe Vardenis has the potential to host a Tier 1 porphyry copper-molybdenum deposit. Interest from several major mining companies underscores this potential. This next drill program is a critical step toward testing that thesis." CEO commentary Joel Sutherland, chief executive officer for Hayasa Metals, commented: "Congrats to the team in the field for completing the second 2,000 m program at Urasar in less than nine months. Investors should understand that the team at Hayasa has done an exceptional amount of work with limited resources including: a just completed magneto-telluric survey at Vardenis and Urasar, and incorporating findings from Simon Meldrum's analysis. Additionally, at both properties: we've completed an IP survey, performed additional soil sampling and finished the ground mag survey. Not to mention the addition of two high-quality targets in our project pipeline identification. Given the visible metal in the box at Urasar, we look forward to the assays out in September and getting started on Vardenis." About Hayasa Metals Inc. Hayasa Metals is a copper and gold exploration company focused on advancing its highly prospective projects in Armenia. The company is committed to responsible exploration and sustainable development practices while creating long-term value for shareholders. Qualified person The content of this news release was reviewed by Dennis Moore, Hayasa's president and chairman, a qualified person as defined by National Instrument 43-101. We seek Safe Harbor.