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(TheNewswire)

September 9, 2026 – Vancouver, BC - TheNewswire – New Age Metals Inc. (TSXV: NAM) (OTCQB: NMTLF) (FSE: P7J) ("NAM" or the "Company") announces a non-brokered private placement (the “Offering&) consisting of 5,000,000 units (“Units&) at a purchase price of $0.20 per Unit for gross proceeds of $1,000,000, pursuant to the Listed Issuer Financing Exemption (“LIFE&) available under Part 5A of National Instrument 45-106 -Prospectus Exemptions (“NI 45-106&).as amended by Coordinated Blanket Order 45-935- Exemptions fromCertain Conditionsof the ListedIssuerFinancing Exemption, subject to TSX Venture Exchange (“Exchange&) approval.

Each Unit will consist of one common share of the Company ("Share") and one half of one share purchase warrant of the Company (each whole warrant a "Warrant"). Each Warrant will entitletheholder to acquireoneadditionalcommon shareof theCompany (“Warrant Share&)atanexercisepriceof$0.25perWarrantShareforaperiodof24monthsfollowingtheClosing Date, subject to an accelerated expiry date, whereby, if at any time prior to the expiry date, the closing price of the Company&s shares on the TSX Venture Exchange trades at or above a price of $0.45 per share for 10 consecutive trading days during the exercise period, the Company may, at its option, accelerate the expiry date of the Warrants to the date that is 30 calendar days from the date express written notice is given by the Company.

The Company&s business objectives over the next 12 months is to use the net proceeds of the Offering, together with its existing working capital, to advance its mineral exploration and development activities, with a particular focus on the Phase II PLATSOLâ„¢ metallurgical process optimization program at the Company&s 100% owned River Valley Palladium Project in Ontario, First Nations consultation and engagement, compilation and interpretation of historical and current exploration data, maintenance of its mineral property interests, marketing and investor relations activities, and general working capital and corporate purposes.

Over the next 12 months NAM expects to:

1. Complete the next phase of PLATSOLâ„¢ testwork at SGS Canada Inc.&s Lakefield, Ontario facility, including additional flotation concentrate production; batch PLATSOLâ„¢ pressure oxidation testwork to evaluate temperature, residence time, concentrate regrind and chloride source/addition; PGM recovery scoping.

2. Evaluate temperature, residence time, concentrate regrind and chloride source/addition; PGM recovery scoping testwork for palladium, platinum and gold; neutralization and precipitation testing; copper solvent extraction scoping testwork; and interim and final technical reporting and recommendations for potential future work.

3. Continue consultation and engagement with First Nations to promote mutually respectful relationships with First Nations concerning NAM&s exploration programs, including meetings, information sharing, community engagement and related consultation activities.

4. Compile, digitize, review and interpret historical and current geological, geochemical, geophysical, drilling, metallurgical and other exploration data relating to the Company&s mineral properties. The work will be used to improve the Company&s understanding of its mineral properties and assist in identifying and prioritizing future exploration targets and programs.

5. Maintain the Company&s mineral property interests in good standing and undertake exploration, fieldwork, technical studies and other property-related activities as warranted by exploration results, technical findings and available funds.

6. Conduct marketing and investor relations activities to increase awareness, communicate exploration and technical developments, and support the Company&s ongoing capital markets activities. Such activities may include investor communications, corporate presentations, participation in industry and investor conferences, digital and other permitted promotional activities, and engagement of third-party investor relations service providers, as applicable.

TheOfferingisbeingmadeinallprovincesofCanada(exceptQuebec)andotherqualifyingjurisdictions, including the United States. The Units offered under the LIFE will be immediately"free-trading"underapplicableCanadiansecuritieslaws.Unitssoldtosubscribersresidentin the United States will be subject to additional restrictions on trade.

Thereisanofferingdocument(the"OfferingDocument")relatedtothisOfferingthatcanbeaccessedunder the Company's profile atwww.sedarplus.caand at the Company's website at www.newagemetals.com. Prospective investors should read this Offering Document before making an investment decision.

The Offering is anticipated to close on or about September 22, 2026 ("Closing"), or such later date as the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receiptofallnecessaryregulatoryandotherapprovals,includingtheapprovaloftheExchange.

Eligible finders (“Finders&) will receive a cash commission of 7% of the aggregate gross proceeds of the Offering from subscribersintroducedtotheCompanybytheFindersandsuchnumberoffinder'swarrants(the"Finder's Warrants")asisequalto 7%ofthenumberofUnitssoldundertheOfferingtosubscribersintroducedtothe Company by the Finders. Each Finder's Warrant is on the same terms as the Subscriber Warrants. Any Finder Warrants that become issuable will be subject to regulatory hold period.

The securities being offered pursuant to the Offering have not been, andwillnotbe,registeredunderthe United StatesSecuritiesAct of1933, as amended(the“U.S.Securities Act&),or anystatesecurities laws,andmaynotbeofferedorsold withintheUnitedStatesorto,orfortheaccountorbenefitof,U.S.personsorpersonsin theUnited StatesexceptpursuanttoanexemptionfromtheregistrationrequirementsoftheU.S.SecuritiesActandapplicablestatesecuritieslaws. This news release doesnotconstitute an offer to sellora solicitation ofan offer to buy any ofthe securitiesoffered hereby within the United States or to, or for the benefit of, U.S. personsor persons in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About New Age Metals

New Age Metals Inc. is a Canadian junior mineral exploration and development company focused on identifying, acquiring, and advancing a diversified portfolio of critical and precious metals projects across Ontario, Manitoba, Newfoundland and Alaska. NAM&s flagship asset is the 100%-owned River Valley Palladium, Platinum Project, which is at development stage, located approximately 100 km east of Sudbury, Ontario, one of North America&s largest undeveloped primary palladium projects and supported by a 2023 Preliminary Economic Assessment. The Company also holds a growing portfolio of exploration assets, including its 100% owned Manitoba Lithium Division, Newfoundland Gold–Antimony Division, Gold and Critical Metals Division in Kenora, Ontario, Northern Ontario&s Ring of Fire Division, Thunder Bay PGM Division, and the Genesis PGM–Cu–Ni Project in Alaska. Through a project-generator model, NAM uses acquisitions, exploration, option agreements, and strategic partnerships to advance a diversified pipeline of critical and precious metal exploration and development projects.

Investors are invited 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 [email protected] or Harry Barr at [email protected] or Connor Barr at [email protected] or 1-613-659-2773.

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If you have not done so already, we encourage you to sign up on our website to (www.newagemetals.com) to receive our updated news and better understand our corporate objectives and the progress of our projects.

On behalf of the Board of Directors

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.sedarplus.ca), 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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