\n| \n ________________________<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n 1<\/i><\/sup>Consolidated MRE (CV5 + CV13 pegmatites) totals 108.0 Mt at 1.40% Li2<\/sub>O and 166 ppm Ta2<\/sub>O5<\/sub> (Indicated), and 33.4 Mt at 1.33% Li2<\/sub>O and 155 ppm Ta2<\/sub>O5<\/sub> (Inferred), at an Li2<\/sub>O cut-off grade of 0.40% (open-pit), 0.60% (underground CV5), and 0.70% (underground CV13). A grade constraint of 0.50% Cs2<\/sub>O was used to model the Rigel and Vega caesium zones, contained entirely within CV13, with a MRE of 0.69 Mt at 4.40% Cs2<\/sub>O (Indicated), and 1.70 Mt at 2.40% Cs2<\/sub>O (Inferred). The Effective Date is June 20, 2025. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n 2<\/sup><\/i>Probable Mineral Reserve of 84.3 Mt at 1.26% Li2<\/sub>O at the CV5 Pegmatite with a cut-off grade is 0.40% Li2<\/sub>O (open-pit) and 0.70% Li2<\/sub>O (underground). Underground development and open-pit marginal tonnage containing material above 0.37% Li2<\/sub>O are also included in the statement. The Effective Date is September 11, 2025. See Feasibility Study news release dated October 20, 2025.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\nQualified\/Competent Person<\/b><\/p>\n The technical and scientific information in this news release that relates to the Mineral Resource Estimate, exploration, and metallurgical results (including BerryPick as described herein) for the Company’s properties is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 \u2013 Standards of Disclosure for Mineral Projects <\/i>(“NI 43-101”), and member in good standing with the Ordre des G\u00e9ologues du Qu\u00e9bec<\/i> (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr.\u00a0Smith has reviewed and approved the related technical information in this news release.<\/p>\n Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds common shares, Restricted Share Units (RSUs), Performance Share Units (PSUs), and options in the Company.<\/p>\n Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.<\/p>\n The information in this news release that relates to the Mineral Reserve Estimate and Feasibility Study is based on, and fairly represents, information compiled by Mr. Fr\u00e9d\u00e9ric Mercier-Langevin, Ing. M.Sc., who is a Qualified Person as defined by NI 43-101, and member in good standing with the Ordre des Ing\u00e9nieurs du Qu\u00e9bec. Mr. Mercier-Langevin has reviewed and approved the related technical information in this news release.<\/p>\n Mr. Mercier-Langevin is the Chief Operating and Development Officer for PMET Resources Inc. and holds common shares, RSUs, PSUs, and options in the Company.<\/p>\n About PMET Resources Inc.<\/b><\/p>\n PMET Resources Inc. is a pegmatite critical mineral exploration and development company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and proximal to regional hydro-power infrastructure.<\/p>\n In late 2025, the Company announced a positive lithium-only Feasibility Study on the CV5 Pegmatite for the Shaakichiuwaanaan Property and declared a maiden Mineral Reserve of 84.3\u00a0Mt at 1.26% Li2<\/sub>O (Probable)3<\/sup>. The study outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (“DMS”) only process flowsheet. Further, the results highlight Shaakichiuwaanaan as a potential North American critical mineral powerhouse with significant opportunity for tantalum and caesium in addition to lithium.<\/p>\n\n \n\n\n| \n ________________________<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n 3<\/sup>See Feasibility Study news release dated October 20, 2025. Probable Mineral Reserve cut-off grade is 0.40% Li2<\/sub>O (open-pit) and 0.70% Li2<\/sub>O (underground). Underground development and open-pit marginal tonnage containing material above 0.37% Li2<\/sub>O are also included in the statement. Effective Date of September 11, 2025.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\nThe Project hosts a Consolidated Mineral Resource4<\/sup> totalling 108.0 Mt at 1.40% Li2<\/sub>O and 166 ppm Ta2<\/sub>O5<\/sub>\u00a0(Indicated) and 33.4 Mt at 1.33% Li2<\/sub>O and 155 ppm Ta2<\/sub>O5<\/sub>\u00a0(Inferred), and ranks as a top ten lithium pegmatite globally in size. Additionally, the Project hosts the world’s largest\u00a0pollucite-hosted caesium pegmatite Mineral Resource\u00a0at the Rigel and Vega zones with 0.69\u00a0Mt at 4.40% Cs2<\/sub>O (Indicated), and 1.70 Mt at 2.40% Cs2<\/sub>O (Inferred).<\/p>\nThis news release has been approved by<\/p>\n “KEN BRINSDEN<\/i>“<\/p>\n Kenneth Brinsden, President, CEO, & Managing Director<\/p>\n Disclaimer for Forward-Looking Information<\/b><\/p>\n This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws.<\/p>\n All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words or expressions such as “supports”, “ongoing”,, “continues”, “building”, “anticipated”, “advancing”, “objectives” or variations of such words or expressions and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.\u00a0<\/p>\n Forward-looking statements include, but are not limited to, statements concerning the timing of certain activities mentioned in this press release, the savings expected from the current sampling methodology program as well as the ability to to produce >500 kg to potentially >1 tonne of pollucite concentrate from the program.<\/p>\n Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the ability to obtain the required financing to bring the Project to development, the ability to make discoveries, the potential of each of tantalum, lithium and caesium, that proposed exploration work on the Property and the results therefrom will continue as expected, the accuracy of reserve and resource estimates, the classification of resources and the assumptions on which the reserve and resource estimates are based, long-term demand for lithium (spodumene), tantalum (tantalite), and caesium (pollucite) supply, and that exploration and development results continue to support management’s current plans for the Property’s development.<\/p>\n \n \n\n\n| \n ______________________<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n 4<\/i><\/sup>\u00a0Consolidated MRE (CV5 + CV13 pegmatites) is reported at an Li2<\/sub>O cut-off grade of 0.40% (open-pit), 0.60% (underground CV5), and 0.70% (underground CV13). A grade constraint of 0.50% Cs2<\/sub>O was used to model the Rigel and Vega caesium zones, contained entirely within CV13. The Effective Date is June 20, 2025. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\nForward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects. Readers should review the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.<\/p>\n Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate. If any of the risks or uncertainties mentioned above, which are not exhaustive, materialize, actual results may vary materially from those anticipated in the forward-looking statements.<\/p>\n The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.<\/p>\n Competent Person Statement (ASX Listing Rules)<\/b><\/p>\n The information in this news release that relates to the Feasibility Study (“FS”) for the Shaakichiuwaanaan Project, which was first reported by the Company in a market announcement titled “PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project<\/i>” dated October 20, 2025 (Montreal time) is available on the Company’s website at www.pmet.ca<\/a>, on SEDAR+ at www.sedarplus.ca<\/a>\u00a0and on the ASX website at www.asx.com.au<\/a>. The production target from the Feasibility Study referred to in this news release was reported by the Company in accordance with ASX Listing Rule 5.16 on the date of the original announcement. The Company confirms that, as of the date of this news release, all material assumptions and technical parameters underpinning the production target in the original announcement continue to apply and have not materially changed.<\/p>\nThe Mineral Resource and Mineral Reserve Estimates in this release were first reported by the Company in accordance with ASX Listing Rules 5.8 and 5.9 in market announcements titled “World’s Largest Pollucite-Hosted Caesium Pegmatite Deposit<\/i>” dated July 20, 2025 (Montreal time) and “PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project<\/i>” dated October 20, 2025 (Montreal time) and are available on the Company’s website at www.pmet.ca<\/a>, on SEDAR+ at www.sedarplus.ca<\/a>\u00a0and on the ASX website at www.asx.com.au<\/a>. The Company confirms that, as of the date of this news release, it is not aware of any new information or data verified by the competent person that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person’s findings are presented have not been materially modified from the original market announcement.<\/p>\nAppendix 1 \u2013 JORC Code 2012 Table 1 (ASX Listing Rule 5.8.2)<\/b><\/p>\n Section 1 \u2013 Sampling Techniques and Data<\/b><\/p>\n\n \n\n\n| \n Criteria<\/span><\/p>\n<\/td>\n | \n JORC Code explanation<\/span><\/p>\n<\/td>\n | \n Commentary<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Sampling techniques<\/span><\/p>\n<\/td>\n | \n\n- \u00a0Nature and quality of sampling (eg cut channels, random chips, or specific specialized industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.<\/li>\n
- \u00a0Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.<\/li>\n
- \u00a0Aspects of the determination of mineralization that are Material to the Public Report.<\/li>\n
- \u00a0In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverized to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (eg submarine nodules) may warrant disclosure of detailed information.<\/li>\n<\/ul>\n
\u00a0<\/p>\n<\/td>\n \n <\/span><\/p>\n\n- \u00a0Pollucite pegmatite samples are collected from outcrop at the Vega Zone using ~30 cm diameter, shallow (~30 cm) drill core holes. Samples are collected of in-situ material and target pollucite mineralization as indicated by visual assessment, portable XRF readings, and prior channel sample results.<\/li>\n<\/ul>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Drilling techniques<\/span><\/p>\n<\/td>\n | \n <\/span><\/p>\n\n- \u00a0Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).<\/li>\n<\/ul>\n
\u00a0<\/span><\/p>\n<\/td>\n \n <\/span><\/p>\n\n- \u00a0Drilling is diamond drill, producing ~30 cm x 20-30 cm intervals of core for sampling.<\/li>\n<\/ul>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Drill sample recovery<\/span><\/p>\n<\/td>\n | \n\n- \u00a0Method of recording and assessing core and chip sample recoveries and results assessed.<\/li>\n
- \u00a0Measures taken to maximize sample recovery and ensure representative nature of the samples.<\/li>\n
- \u00a0Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss\/gain of fine\/coarse material.<\/li>\n<\/ul>\n
\u00a0<\/p>\n<\/td>\n \n <\/span><\/p>\n\n- \u00a0No RQD is completed with core collected as recovered.<\/li>\n<\/ul>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Logging<\/span><\/p>\n<\/td>\n | \n\n- \u00a0Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.<\/li>\n
- \u00a0Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.<\/li>\n
- \u00a0The total length and percentage of the relevant intersections logged.<\/li>\n<\/ul>\n
\u00a0<\/p>\n<\/td>\n \n <\/span><\/p>\n\n- \u00a0Drill cores are not formally logged with only estimated modal mineralogy assessed to guide compositing.<\/li>\n<\/ul>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n Sub-sampling techniques and sample preparation<\/span><\/p>\n<\/td>\n | \n | | | | | | | | | | | | | | | | |
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