PMET Resources reports 4.47 tonnes of high-grade 6.09% Li2O spodumene concentrate with 89% recovery from CV5 Pegmatite via DMS pilot plant

The program (termed "ApplePick") utilized multiple large, angular, mineralized boulders situated immediately down-ice of the principal CV5 outcrop (i.e., the source), which were crushed on-site and shipped to SGS (Lakefield) as high head-grade (3.61% Li2O) feed for processing in a Dense Media Separation ("DMS") pilot plant. The DMS pilot produced approximately 4.47 tonnes of high-grade 6.09% Li2O spodumene concentrate at a low iron content (0.58% Fe2O3) and a high recovery of 89.0%. A portion of the concentrate was then run through a standard magnetic separation circuit which resulted in the production of 1.65 tonnes of 6.32% Li2O (0.45% Fe2O3) concentrate in the non-magnetic fraction, leaving 2.70 tonnes of 6.09% Li2O (0.58% Fe2O3) concentrate without magnetic separation. Shaakichiuwaanaan Project Benefits The program produced significantly more concentrate than expected, in part due to the high head-grade (3.61% Li2O) of the composited boulders, but also due to the achievement of a higher-than-expected lithia recovery (89.0%). Importantly, this has further derisked the Company's proposed DMS-only flowsheet and provides a key additional data point on the lithium recovery curve for the Project where, normally, feed grades in the 3% range are either not tested or otherwise typically not available at most projects. Considering the tenor of the high-grade Nova (CV5) and Vega (CV13) zones at Shaakichiuwaanaan, this data point represents a valuable addition to the grade-recovery curve and indicates that stronger recoveries can be achieved at the high-grade end of the curve compared to previous assumptions. At a feed grade of 2% Li2O, the results of Project ApplePick indicate an updated recovery curve with an implied global lithium recovery improvement of 2-3% compared to Feasibility Study assumptions. This new lithium recovery data will be incorporated into the updated Feasibility Study for the CV5 Pegmatite, as well as a Preliminary Economic Assessment for the broader Project, scheduled to be announced in Q4-2026. Additionally, the program has provided the Company with significant quantities of spodumene concentrate to facilitate future offtake discussions and midstream initiatives. The availability of concentrate samples (especially for DMS-only processing) for technical evaluation is a valuable component in the development of a spodumene pegmatite project as it provides a tangible basis for engagement with potential partners and offtake counterparties, as well as providing feed for midstream evaluation. Another benefit stemming from the ApplePick program is that the scale of the DMS pilot allowed a significant quantity of tailings material to be generated. As is typically the case with lithium pegmatites, the tailings material normally hosts most of the tantalum and needs to be processed separately to be recovered. The Company is currently completing a feasibility-level tantalum recovery program at SGS (Lakefield) using these tailings as feed, which will then be followed by a variability program on drill core from the CV5 Pegmatite. Pollucite Concentrate Product (Project BerryPick) In light of the success of the ApplePick program, the Company is currently evaluating options for collecting a larger surface sample of pollucite pegmatite (caesium) at the Property. This project, named 'BerryPick' would aim to serve a similar purpose to ApplePick, by enabling the production of a larger volume of pollucite concentrate (i.e., several hundred kilograms to one tonne) samples to support future offtake discussions as well as midstream/downstream caesium product evaluation. The BerryPick Project is in the early stages of planning with locations at CV13 and CV12 being targeted, where pollucite has been mapped at surface and strong grades have been documented in channel sampling. Pollucite occurrences are very rare and are typically significantly smaller than lithium pegmatite occurrences, making sample collection at scale more challenging but also of high value. In contrast to most projects, at Shaakichiuwaanaan, several surface sample occurrences provide a strong target for a larger surface sampling program, such as that envisaged by BerryPick. Additionally, XRT ore sorting using a different/larger size fraction will aid in the development and final design of the pollucite recovery flowsheet design. Qualified/Competent Person The technical and scientific information in this news release that relates to the Mineral Resource Estimate and exploration results 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 NI 43-101 – Standards of Disclosure for Mineral Projects, and member in good standing with the Ordre des Géologues du Québec. Mr. Smith has reviewed and approved the related technical information in this news release. Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds common shares, RSUs, PSUs, and options in the Company. 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. Frédéric 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 Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and approved the related technical information in this news release. 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. About PMET Resources Inc. 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. In late 2025, the Company announced a positive lithium-only Feasibility Study on the CV5 Pegmatite and declared a maiden Mineral Reserve. The project hosts a Consolidated Mineral Resource and is positioned as a potential North American critical mineral powerhouse with opportunities in tantalum and caesium in addition to lithium. For further information, please contact PMET Resources Inc. or visit www.pmet.ca. Appendix 1 – JORC Code 2012 Table 1 (ASX Listing Rule 5.8.2) and various sections follow, including sampling techniques, data, reporting, and other exploration data. PMET Resources cautions that forward-looking statements are subject to risks and uncertainties and that actual results may differ materially from those anticipated. Competent Person Statements and other standard disclosures accompany this release.