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August 27, 2025 – TheNewswire - Rockport, Ontario – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM& or the “Company&) is pleased to report assay results for antimony (stibnite) and gold mineralized grab samples from the Company&s properties in the Province of Newfoundland and Labrador. A total of 286 grab samples were collected as part of the Phase 1 exploration program in May-June to locate and confirm priority areas of interest for follow-up work during Phase 2 of the exploration program in south-central Newfoundland (for more information, see Company&s recent press releases – click here). Phase 2 exploration work, mainly prospecting and sampling, is currently underway in the St Alban&s area of south-central Newfoundland.

Phase 1 Highlights

1. Grab samples returned up to 15.2% Sb from Antimony Ridge (St. Alban&s area);

2. High-grade Au assays included 1.52 g/t Au from the Citadel Property and 1.45 g/t Au from the Antimony Ridge Property;

3. Fort Property samples returned up to 131 g/t Ag and 29.3% Pb

4. Rampart Property samples assayed up to 1.88% Pb and 1.81% Zn, indicating new
   Zn-Pb-Cu potential; and

5. Beaver Brook Area samples returned high Au and As values, including 274 ppb Au and 1,047 ppm As from the Sentinel Property and 118 ppb Au with elevated As and Sb from the Sentry Property.

Sampled locations are shown in Figures 1 to 4 and assay highlights are listed in Table 1.

Antimony, a critical metal: China, the world&s largest producer/refiner severely restricted antimony exports in December 2024, including a ban on shipments to the US, sending Antimony price to more than $60,000 per tonne, which more than quadrupled since early 2024. The antimony export ban created a supply shock for the strategic metal.

Harry Barr, NAM Chairman and CEO, comments, “The results of our Phase 1 program, led by Axiom Group, are highly encouraging and demonstrate the potential of NAM&s Sb–Au properties in Newfoundland. Surface sampling returned grades of up to 15% Sb, along with assays of up to 1.5 g/t Au, 131 g/t Ag, and 29% Pb. These results underscore the presence of a robust multi-metal system, where metals beyond antimony may enhance overall economic potential. Phase 2 follow-up work, which began in mid-August, is designed to expand on these discoveries while continuing to evaluate additional ground. We look forward to reporting further results as they become available and to advancing these properties in a disciplined, systematic manner at a time when both antimony and gold are trading at historically strong levels.&

Phase 1 Results Summary

St Alban&s Area Properties

Phase 1 results confirm that the Bay d&Espoir Group is highly prospective for structurally controlled Au–Sb mineralization within quartz veins, particularly within the Joseph&s Cove Formation. NAM is building on a newly emerging ~16 km Au–Sb trend that extends from Canstar Resources Swanger&s Cove Sb occurrence1 through the Antimony Ridge (MODS# 001M/13/Sb 002) and Golden Grit (MODS# 001M/13/Au 015) occurrences to the True Grit (MODS# 001M/13/Au 014) Au occurrence.

• Antimony Ridge–Citadel: A float sample (445108) grading 15.2% Sb was collected ~2 km southeast of the historical Antimony Ridge Sb occurrence, suggesting a broader overlapping Au–Sb zone than previously recognized. In addition, a quartz float sample (441194) from the SW portion of the Citadel property returned 1.52 g/t Au, representing the first-time high-grade gold has been documented in this area. This discovery corresponds with historical till anomalies, reinforcing the potential for additional gold discoveries within this trend (Figure 1).

• Fort Property: Located within the Riches Island Formation, the Fort property hosts quartz veins and broad zones of silicification within psammitic rocks. Samples 441234, 441235, and 441236 returned grades up to 29.3% Pb and 131 g/t Ag, with elevated barite. While Pb occurrences were historically documented in the area, these results represent previously undocumented Pb–Ag–Ba occurrences and significantly upgrade the polymetallic potential of the property (Figure 2).

1https://www.canstarresources.com/news/canstars-high-grade-antimony-showings-including-74-sb-at-golden-baie-highlight-potential-critical-minerals-upside-as-price-rises-on-chinas-export-restrictions

• Rampart Property: A new occurrence of Zn–Pb–Cu mineralization was discovered (sample 441288) grading up to 1.88% Pb and 1.81% Zn. This demonstrates strong base-metal potential and occurs adjacent to Canstar Resources& Golden Baie Au–Sb project in the Little River area (Figure 3).

Summary: NAM&s Phase 1 program in the St. Alban&s area both confirms the presence of high-grade Sb mineralization along a 16 km Au–Sb trend and identifies new gold, Pb–Ag–Ba, and Zn–Pb–Cu occurrences. Collectively, these results highlight the multi-commodity potential of the Bay d&Espoir belt and position the St. Alban&s properties as a key focus for Phase 2 exploration.

Beaver Brook Area Properties

The Beaver Brook Area properties are geologically significant as they lie within the same structural corridor that hosts the Beaver Brook Antimony Mine, one of North America&s largest primary Sb deposits. Mineralization at Beaver Brook is characterized by fracture- and fault-controlled, stibnite–quartz veins developed within Silurian sedimentary rocks of the Indian Islands Group, structurally imbricated against the Ordovician Davidsville Group along major thrust faults (Lake and Wilton, 2006; Sandeman et al., 2018).

Phase 1 assays on NAM&s nearby claims confirm this dual potential:

• Sentinel Property: Boulder sample 441162 returned 274 ppb Au with arsenopyrite, identifying a new Au–As system along strike of the Beaver Brook Sb trend and adjacent to New Found Gold&s Queensway South Project. This is the first recognition of elevated gold values in this part of the trend and highlights exploration upside;

• Sentry Property: Float sample 441104 returned 118 ppb Au with elevated Sb and As in an altered monzogranite, indicating significant mineralizing fluids in the area; and

• Exploration Upside: The presence of mineralized float and boulders raises the question of whether these samples represent erosion from nearby undiscovered outcrops or glacial transport. A follow-up exploration strategy is currently in development for this region.

Summary: Phase 1 results demonstrate that NAM&s Beaver Brook properties host potential for both Sb and Au systems, consistent with the broader Beaver Brook mineralizing environment.

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Figure 1. Sample assay highlights from the Citadel and Antimony Ridge Properties.

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Figure 2. Sample assay highlights from the Fort Property.

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Figure 3. Sample assay highlights from the Rampart Property.

To view enhanced versions of Figures 1, 2 and 3, please visit:

Figure 1 : https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_Figure-1.png

Figure 2: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_Figure-2.png

Figure 3: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_Figure-3.png

Notes: n.d. = not determined. Click here for more complete tabulation of assay results on NAM website (www.newagemetals.com).

Cautionary Note: Grab rock (outcrop and boulder) samples are selective by nature and are unlikely to represent average grades on the Property. These results are preliminary in nature and not conclusive evidence of the likelihood of the occurrence of a mineral deposit. However, these samples demonstrate significant antimony and gold (and silver and lead) mineralization potential on portions of the St. Alban's area properties.

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Figure 4A. Stibnite-quartz outcrop sample 445102 from Antimony Ridge returned 2.97% Sb.

To view an enhanced version of this photograph, please visit:

Figure 4a: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_Figure-4a.png

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Figure 4B. Massive stibnite-quartz-kermesite float sample 445108 from southeast of Antimony Ridge returned 15% Sb.

To view an enhanced version of this photograph, please visit:

Figure 4b: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_figure-4b.png

Click Image To View Full Size

To view an enhanced version of this photograph, please visit:

Figure 4c: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_figure4c.png

Click Image To View Full Size

Figure 4D. Weakly pyrite and arsenopyrite mineralized outcrop sample 445103 from the Antimony Ridge Property graded 1,450 ppb (1.45 g/t) Au.

To view an enhanced version of this photograph, please visit:

Figure 4d: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_figure4d.png

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Figure 4E. Quartz vein float with galena and arsenopyrite mineralized float sample 441194 from the Citadel Property returned 1,520 ppb (1.52 g/t) Au.

To view an enhanced version of this photograph, please visit:

Figure 4e: https://wp-newagemetals-2023.s3.ca-central-1.amazonaws.com/media/2025/08/PR_August_28_figure4e.png

Analytical Methods, Chain of Custody, and Quality Assurance/Quality Control

NAM maintains a rigorous QA/QC protocol for all rock samples collected during the Phase 1 program. Field crews inserted certified reference materials (“CRMs&) and analytical blanks at a rate of approximately one QA/QC sample for every 20 primary samples, ensuring that ~5% of all submitted samples were independent quality control checks. The CRMs were sourced from industry-certified providers and selected to match, as closely as possible, the expected mineralization style and grade ranges. Analytical blanks consisted of barren quartz material used to monitor potential contamination during sample preparation and analysis.

All samples were individually sealed in heavy-duty plastic bags, labelled with unique sample numbers, and placed into rice bags for transport. Field crews maintained continuous possession of the samples until they were securely delivered by Company personnel to the SGS sample preparation facility in Grand Falls–Windsor, Newfoundland. At this facility, the samples were weighed and prepared into pulps in accordance with SGS&s standard procedures before being securely shipped internally to SGS Canada&s Minerals laboratory in Burnaby, British Columbia, for complete assay analysis.

Analytical work included:

• Gold (Au): 30-g Fire Assay with Atomic Absorption Spectrometry (“AAS&) finish (GE_FAA30V5)

• Multi-element Suite: Sodium Peroxide Fusion followed by Induction Coupled Plasma ("ICP") - Mass Spectrometry ("MS") and Atomic Emission Spectroscopy ("AAS") analysis ICP-AES (GE_ICP90A50) and ICP-MS (GE_IMS90A50); and

• Over-limit Determinations: Over-limit results for antimony (Sb) and lead (Pb) were re-analysed using Na2O2 Fusion with ICP-AES (GO_ICP90Q100) or Pyrosulphate Fusion with XRF (GO_XRF70V2), as appropriate.

Internal laboratory QA/QC procedures at SGS included the insertion and analysis of certified reference materials, analytical blanks, and sample duplicates alongside the submitted samples to monitor analytical accuracy and precision.

Antimony and Gold Markets Commentary

Reuters reported on June 17th, 20252 that China severely restricted antimony exports, including a ban on shipments to the US, sending Antimony price to more than $60,000 per metric tonne, having more than quadrupled over the past year.As a critical metal, antimony's market dynamics are influenced by its applications in various industries and geopolitical factors. China's recent antimony export ban created a supply shock for the strategic metal. Approximately 70% of antimony is produced or refined in China.

2https://www.reuters.com/business/autos-transportation/battery-makers-sweat-antimony-shortage-hits-after-chinas-export-curbs-2025-06-17/

Spot gold prices have traded as high as US$3,500 per ounce, likely driven by heightened global uncertainties and increased demand from institutional and retail investors. Central banks have continued their robust gold purchasing in 2025, adding 244 tonnes to their global reserves in Q1 and maintaining a strong pace into Q2, putting them on track for approximately 1,000 tonnes of purchases for the year. This sustained buying action underscores gold's role as a strategic asset amid economic instability and inflation concerns. Retail investors and family offices have also increased their gold holdings, seeking to hedge against market volatility. In Q1 2025, gold ETF inflows surged by 1,114% quarter-over-quarter, reaching 226.5 tonnes. Despite some outflows in May, year-to-date ETF inflows remain strong at over 322 tonnes, reflecting a continued revival in retail appetite for gold.

The convergence of these factors highlights the strategic importance of antimony and gold antimony on the current global economic landscape.

NAM&s Strategic Antimony-Gold Land Position

NAM&s properties in Newfoundland total approximately 20,000 hectares in
12 generally non-contiguous properties. Seven of these properties are in the St. Alban&s area, along the Antimony Ridge-Swanger and Golden Baie (a.k.a. Little River) Sb-Au mineralized trends (Figure 5and Figure 6)). The remaining five properties are strategically located along the same geological trend as the past-producing Beaver Brook Antimony Mine and in proximity to New Found Gold&s Queensway South Gold Project (Figure 5 and Figure 7).

It is also noteworthy that the Province of Newfoundland and Labrador has recently been recognized by the Fraser Institute as a top-10 mining jurisdiction in their global rankings3.

3Source: https://www.fraserinstitute.org/studies/annual-survey-mining-companies-2024

Qualified Person

Dr. William Stone, P.Geo. and a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects and a consultant to NAM, has reviewed and approved the scientific and technical disclosure in this press release.

The Qualified Person has not completed sufficient work to verify the historical information on the neighbouring properties. Nevertheless, the Qualified Person considers that drilling and analytical results were completed to industry standard practices. The reader is cautioned that mineral occurrences, prospects and deposits on neighbouring properties are not necessarily indicative of mineralization on the Company&s properties. This information may provide an indication of the exploration potential of the Properties, but might not be representative of exploration results.

About NAM&s PGE Division

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration, and development of critical/green metal projects in North America. The Company has three critical metal divisions: a Platinum Group Element division, a Lithium/Rare Element division, and a Gold-Antimony Division.

The PGE Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, one of North America&s largest undeveloped Platinum Group Element Projects, situated 100 km by road east of Sudbury, Ontario. In addition to River Valley, NAM owns 100% of the Genesis PGE-Cu-Ni Property in Alaska.

About NAM&s Lithium Division

The Company&s Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. NAM is developing its lithium division in conjunction with its Farm-in/Joint Venture agreement with Mineral Resources Ltd. (“MinRes&), one of the world&s largest lithium producers. A minimum budget to maintain the Projects has been approved by Mineral Resources Ltd for May 2025 to April 2026. The Companies agreed to the minimum budget due to current lithium pricing and forest fire dangers in the immediate area

In April 2024, a $1.5M NSERC Alliance grant was awarded to a collaboration led by the University of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr. Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused on advancing Canada&s critical metals sector, with New Age Metals& portion targeting its Bird River lithium properties. Approximately $107,000 of work is planned on New Age&s properties in 2025. The early work will, subject to precautions for regional wildfire, will include core sampling and field visits starting this summer. The project will likely extend beyond the original 3-year term, due to its delayed start.

New Age Metals Inc. is supporting a successful $180K Mitacs research grant, awarded in 2023, through its $90K contribution (already accounted for and paid under the Mineral Resources joint venture). This academic partnership with the University of New Brunswick and the University of British Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the Cat Lake–Winnipeg River field. Fieldwork for the MSc. thesis has been completed and the post-doctoral research phase is ongoing at UNB.
This collaboration provides access to top-tier scientific expertise and equipment, significantly reducing analytical costs and adding long-term value to the project.

On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM currently owns approximately 12.79% and holds warrants that, if exercised with today&s issued and outstanding shares of MQM, would bring NAM to a 19.05% interest in MetalQuest Mining inc.

MetalQuest Mining inc. is developing one of North Americas largest iron ore projects, where approximately $120 million has been spent on the project. For more information, please visit MetalQuestMining.com . High-purity iron ore became a critical metal Federally in Canada and in the Provinces of Quebec and Newfoundland and Labrador in 2024.

The Company is actively seeking an option/joint venture partner for its River Valley Palladium Project and its road-accessible Genesis PGE-Cu-Ni Property in Alaska.

Management is currently aggressively seeking new mineral acquisition opportunities.
Our philosophy is to be a project generator with the objective of optioning our projects with major and mid-tier mining companies through to production.

Investors are welcome to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Farid Mammadov at faridm@newagemetals.com or call 613-659-2773.

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On behalf of the Board of Directors

“Harry Barr&

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue&, “efforts&, “expect&, “believe&, “anticipate&, “confident&, “intend&, “strategy&, “plan&, “will&, “estimate&, “project&, “goal&, “target&, “prospects&, “optimistic& or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company&s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts& expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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