New Age Metals Reports Up To 51.9% Antimony And 46.2 G/T Gold From Phase 2 Exploration At St. Alban's, Newfoundland

(TheNewswire)

February 27, 2026 – TheNewswire - Rockport, Ontario– New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J)(“NAM” or the “Company”) is pleased to report results from itsPhase 2 follow-up exploration program at the Company’s St. Alban’s antimony–goldproperties in southern Newfoundland andLabrador.

Phase 2 exploration returned high-grade results,including assays of up to 51.9% antimony (Sb) [Figure 1] and46.2 g/t gold (Au)[Figure 2], significantly strengthening thestructurally controlled Au–Sb mineralizing system first identifiedduring Phase 1 exploration (see August 27, 2025 newsrelease).

Phase 2 Highlights

• Grab samples returned upto 51.9% Sb (Sample 445127) from the southeastern portion of theAntimony Ridge property (St. Alban’s area)  

• High-grade gold assays returned up to 46.2 g/t (Sample214444) and 23.8g/t (Sample 445126) from grab sampling of quartzveining in the central zone of the Antimony Ridge property 

• Southeastern zone on the Antimony Ridge propertyreturned 6.53 g/t Au(Sample 441306), 6.42 g/t Au (Sample260055), and a cluster of –5g/t Au spatially associated with high-grade Sb 

• Northwestern corridor on the Antimony Ridge propertyhosts stibnite-bearing sheetedquartz veins traced for ~400 metres with grades up to 6.57% Sb(Sample 441326) [Figure 3] 

• A grab sample (Sample 206547) from Antimony Ridgereturned 39,215 ppm Zn,3,672 ppm Pb, 2,927 ppm Cu 

• Results confirm structurally controlled Au-Sbmineralization along an emerging ~16 km trend 

• 40 additional mineral claims (~1000hectares) staked, consolidating the trend andcapturing the Pardy Headantimony occurrence (Figure 6) 

• Exploration approvals received for trenching activitieson the Antimony Ridge Property for next field season 

• Final JEA report submitted; potential $71,975 exploration rebate pending acceptance.  

Sampled locations are shown in Figures 4 and 5 and adetailed summary of grab sample assay results is provided in theCompany’s accompanying Phase 2 Highlights Table 1.

Harry Barr, NAM Chairman and CEO,comments, “Phase 2 has delivered high-gradeantimony and gold results that materially upgrade the scale andpotential of our project in south-central Newfoundland. Theidentification of antimony grades exceeding 50% Sb and gold grades upto 46.2 g/t confirms the strength of this emerging mineralized system.

In addition, we have expanded our land position toinclude the Pardy Head occurrence, secured trenching approvals, andcompleted additional late season work up until the snow prohibitedwork in December. This was all done while leveraging provincialsupport through the Junior Exploration Assistance program.With further assays pending,our technical team continues to develop a stronger understanding ofthe structural controls of mineralization. We believe that the projectis well positioned for drilling next season.”

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Figure 1:High-grade angular stibnite float sample 445127 from the AntimonyRidge property that graded 51.9% Sb

Regional Context – Emerging Au-SbCorridor

Phase 2 results further confirm structurally controlledAu–Sb mineralization hosted within quartz veins of the St.Joseph’s Cove Formation.

Mineralization extends along a regional structuraltrend from Swanger’s Cove, through Antimony Ridge (MODS# 001M/13/Sb002) and Golden Grit (MODS# 001M/13/Au 015), to the True Grit (MODS#001M/13/Au 014) occurrence.

This continuity supports district-scale potential alongan emerging Au–Sb corridor in the St. Alban’s area. Ongoing workis progressively defining discrete structural zones within thisbroader trend, allowing the Company to narrow exploration towardspecific target areas.

Antimony Ridge – Phase 2Results

Phase 2 work has defined three distinct mineralizedzones within the Antimony Ridge property.

Central High-Grade Gold Zone

The strongest gold mineralization identified to dateduring Phase 2 occurs within a central structural zone. Grab samplesreturned:

• 46.2 g/t Au (Sample 214444) 

• 23.8 g/t Au (Sample 445126) 

• 8.21 g/t Au (Sample 445116) 

• 7.16 g/t Au 2.51% Sb (Sample445132) 

Gold mineralization is hosted within narrow quartzveins that cross-cut the regional foliation and are spatiallyassociated with NNW–SSE-trending fault structures interpreted torepresent later brittle deformation.

In contrast, antimony-bearing quartz veining identifiedelsewhere on the property appears largely foliation-parallel,suggesting that gold mineralization may represent a structurallyoverprinting event focused along cross-cutting fault zones.

The relationship between foliation-parallel Sb veiningand cross-cutting Au-bearing structures highlights the potential forenhanced mineralization at structural intersections, providing clearvectors for continued trenching and drill targeting.

Figure 2: Sample 214444 from across-cutting quartz vein on the Antimony Ridge Property

Northwestern Stibnite-BearingStructural Corridor

The northwestern portion of the property hosts awell-defined structural corridor where the technical team tracedmultiple parallel to sheeted quartz veins, approximately 10–30 cmwide, exposed in outcrop over approximately 400 metres of strikelength.

These quartz veins are oriented sub-parallel to the regionalfoliation, indicating that antimonymineralization is largely foliation-controlled and developed within aductile structural fabric of the host rocks.

Sampling from these foliation-parallel sheeted quartzveins returned antimony values up to 6.57% Sb, confirmingstibnite-bearing mineralization within a structurally continuousbedrock corridor. The continuity and geometry of this mineralized veinsystem define a coherent surface target for drill testing.

Figure 3: Sample 441326 from aquartz-stibnite vein on the northwestern target of the Antimony Ridgeproperty

Southeastern High-Grade AntimonyZone

The southeastern portion of the property hosts thehighest-grade antimony values identified to date, including over-limitsamples grading:

• 51.9% Sb (Sample 445127) 

• 51.2% Sb (Sample 445128) 

Associated gold values include 6.53 g/t Au,6.42 g/t Au, and a cluster of4–5 g/t Au results.

The abundance and angular nature of mineralized float,combined with coincident soil anomalies, suggests a proximal bedrocksource that has not yet been exposed. This southeastern zonerepresents a high-priority trenching target for the 2026 fieldseason.

Polymetallic Character of theSystem

In addition to high-grade gold and antimony, Phase 2sampling confirmed elevated base- and precious-metal values acrossmultiple properties within the St. Alban’s project area.

Quartz-vein sampling at Antimony Ridge returned upto:

• 39,215 ppm Zn 

• 3,672 ppm Pb 

• 2,927 ppm Cu 

On the Fort Property, Phase 2 sampling returnedstrongly anomalous lead values, including assays up to 21,937 ppm Pb,confirming that base-metal mineralization occurs beyond the AntimonyRidge corridor.

Notably, Phase 1 exploration at the Fort Propertyreturned even higher-grade lead and high-grade silver values(see August 27, 2025 newsrelease), demonstrating continuity ofpolymetallic mineralization within the broader structuraltrend.

Elevated Zn, Pb, Cu, Ag, and As values identifiedduring both Phase 1 and Phase 2 programs highlight the presence of arobust polymetallic hydrothermal system active along the regionalAu–Sb corridor. The widespread and consistent distribution of thismulti-element signature across multiple properties supports theinterpretation of a district-scale, structurally controlledmineralizing system.

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Figure 2: MapOverview of Sb % in Grab Sampling from the St. Alban’s Properties(South-Central, Newfoundland)

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Figure 3: MapOverview of Au g/t in Grab Sampling from the St. Alban’s Properties(South-Central, Newfoundland)

Land Consolidation – PardyHead

The Company staked an additional 40 mineral claims(~1,000 hectares), further consolidating the mineralized trend andcapturing the Pardy Head antimony occurrence where government mappingconfirms stibnite-bearing quartz veins in outcrop.

Figure 4:  Plate 7B (p. 100) of Updated Geology of the St. Alban’s MapArea (NTS 1M/13) (Westhues, 2017) illustrates coarse stibnite hostedwithin quartz veins at the Pardy Head occurrence.

Sampling Summary

A total of 660samples have been received from the laboratoryto date. These include:

• 419 rock samples 

• 154 soil samples 

• 69 stream sediment samples 

• 18 inserted QA/QC samples (certified reference materials and blanks) 

Analytical results for these samples have been reviewedand are currently undergoing internal QA/QC verification by theCompany’s technical team.

An additional approximately 200 samples remain eitherpending final analytical results from the laboratory or pendingcompletion of internal QA/QC review. Results from these samples willbe reported once the Company’s verification procedures have beencompleted.

2026 Exploration Plans

The results herein will be used to refine explorationtargeting and support trenching, structural mapping, and drill programplanning for 2026 and beyond:

• Trenching across the southeastern high-grade Sbzone 

• Exposing and mapping the central gold-rich structuralzone 

• Continued evaluation and slated diamond drilling of the400 m stibnite-bearing corridor on the northwestern zone. 

• Continued exploration along the regional Au-Sbtrend 

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Table 1: AssayHighlights returned to Date from Phase 2 Sampling

Click here to access high resolution assayhighlights

Notes: n.d. = not determined. 

Cautionary Note: Grab rock (outcrop and boulder) samples are selectiveby nature and are unlikely to represent average grades on theProperty. These results are preliminary in nature and not conclusiveevidence of the likelihood of the occurrence of a mineral deposit.However, these samples demonstrate significant antimony and gold (andcopper, zinc, silver and lead) mineralization potential on portions ofthe St. Alban’s area properties.

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

NAM maintains a rigorous QA/QC protocol for all rocksamples collected during the Phase 2 program. Field crews insertedcertified reference materials (“CRMs”) and analytical blanks at arate of approximately one QA/QC sample for every 20 primary samples,ensuring that ~5% of all submitted samples were independent qualitycontrol checks. The CRMs were sourced from industry-certifiedproviders and selected to match, as closely as possible, the expectedmineralization style and grade ranges. Analytical blanks consisted ofbarren quartz material used to monitor potential contamination duringsample preparation and analysis.

All samples were individually sealed in heavy-dutyplastic bags, labelled with unique sample numbers, and placed intorice bags for transport. Field crews maintained continuous possessionof the samples until they were securely delivered by Company personnelto the SGS sample preparation facility in Grand Falls–Windsor,Newfoundland. At this facility, the samples were weighed and preparedinto pulps in accordance with SGS’s standard procedures before beingsecurely shipped internally to SGS Canada’s Minerals laboratory inBurnaby, British Columbia, for complete assay analysis.

Analytical work included:

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

• Gold, Silver (Au AgOverlimit): Samples returning elevated goldvalues were re-analyzed by 30 g fire assay with gravimetric finish(GO_FAG37V), where required. 

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

• Over-limitDeterminations: Over-limit results for antimony(Sb) and lead (Pb) were re-analysed using Na?O? Fusionwith ICP-AES(GO_ICP90Q100) or Pyrosulphate Fusionwith XRF(GO_XRF70V2), as appropriate. 

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

Gold and Antimony Market Commentary

Gold has recently traded at record levels, underscoringits role as a global store of value during periods of macroeconomicand geopolitical uncertainty. Spot gold was around US$5,166/oz onFebruary 26, 2026, and Reuters hasreported that gold set a record high of US$5,594.82/oz on January 29,2026. While day-to-day pricing remains sensitive to interest rates,currency movements, and risk sentiment, current levels highlight aconstructive environment for gold-focused exploration—though thereis no assurance these conditions will continue.

Antimony has also drawn renewed market attention,supported by its importance in industrial applications andincreasingly strategic supply-chain considerations. Fastmarkets hasnoted that antimony prices reached a historical high of US$59,750 per tonne onJuly 4, 2025, and while prices have sincemoderated, they have continued to trade at elevated levelsrelative to historical norms. Antimony is listed as a critical mineralin Canada and the US due to its importance in industrial and defenseapplications and increasingly strategic supply-chainconsiderations.

Qualified Person

Max Kaczmer, P.Geo., a Qualified Person as defined byNational Instrument 43-101 – Standards of Disclosure for Mineral Projects,and a consultant to New Age Metals Inc., has reviewed and approved thescientific and technical information contained in this newsrelease.

The Qualified Person has reviewed the analytical data,QA/QC protocols, and interpretation presented herein and is satisfiedthat the sampling and analytical procedures were conducted inaccordance with industry standard practices.

The Qualified Person has not completed sufficient workto independently verify historical information related to neighbouringproperties referenced in this release. Accordingly, such informationshould not be relied upon as indicative of mineralization on theCompany’s properties. Mineral occurrences, prospects, and depositson adjacent or nearby properties are not necessarily indicative ofmineralization on the Company’s properties.

AboutNAM

New Age Metals is a junior mineral exploration anddevelopment company focused on the discovery, exploration, anddevelopment of critical green metal projects in North America. TheCompany has three divisions: a Platinum Group Element division, aLithium/Rare Metals division, an Antimony-Gold Division as well as aninvestment in MetalQuest Mining’s(TSXV:MQM | OTC:MQMIF) high purityLac Otelnuk Iron Project.

The PGM Division includes the 100%owned, multi-million-ounce, district-scale River Valley Project, oneof North America’s largest undeveloped Platinum Group ElementProjects, situated 100 km by road east of Sudbury, Ontario.In addition to River Valley, NAM owns 100% ofthe Genesis PGM-Cu-Ni Project in Alaska. Most recent PGM announcement: https://newagemetals.com/new-age-metals-prepares-its-platinum-group-metals-division-to-launch/.

On January 21st 2026, the Company recently expanded itsPlatinum Group Metals portfolio through the acquisition of theNorthern Shield PGM Project in Ontario’s Ring of Fire region,strengthening its exposure to district-scale mafic–ultramaficsystems prospective for nickel, copper, and platinum groupelements.

On February 11, 2026, the Company also acquired thePlatreef PGM Project, a platinum group metals–nickel–copper(PGM–Ni–Cu) exploration property located in northwestern Ontariowithin the prospective Lac des Iles Igneous Complex. The Complex hostsCanada’s only primary palladium-producing operation, owned andoperated by Impala Canada Ltd., a wholly owned subsidiary of ImpalaPlatinum Holdings Limited.

The BonanzaRidge Gold and Critical Metals Project has beensignificantly expanded with the option agreements for the Lavender Lake andSouth Gibi Lake properties, adding a combined ~5,216 hectares (~12,889acres) of prospective ground in the Kenora Gold Districtof northwestern Ontario. These properties, located about 25 kmsoutheast of Kenora, are strategically positioned along a favourablestructural corridor adjacent to NAM’s flagship Bonanza GoldProperty, and host known gold and copper occurrences with minimalmodern exploration to date. The consolidated portfolio now comprisesapproximately 8,500hectares of contiguous land within an emerginggold and critical metals jurisdiction, providing substantialopportunities for follow-up field work, structural modeling, targetgeneration, and future drill campaigns. Recent announcement:https://newagemetals.com/new-age-metals-expands-bonanza-ridge-gold-andcritical-metals-project-strategic-acquisition-oflavender-lake-south-gibi-lake-properties/.

The Company also holds a 100% interest in the17,620-hectare Double R GoldProject, located near the Kenora and Rainy Riverdistricts of northwestern Ontario. The project is situated within aprospective Archean greenstone belt hosting multiple gold occurrencesand past-producing mines. Double R covers a large land position alongfavourable structural corridors with limited modern exploration,offering significant potential for systematic target generation anddrill discovery. Recent announcement: https://newagemetals.com/new-age-metals-acquires-17620-ha-double-r-gold-project-near-the-kenora-and-rainy-river-district-northwestern-ontario/

The Escape East PGM–Ni–Cu Project is a 100%-owned,approximately 4,000-hectare property located in Northwestern Ontario,adjacent to Clean Air Metals’ Thunder Bay North deposits within theLac des Îles intrusive complex. The project complements New AgeMetals’ growing platinum group metals portfolio and is consideredprospective for intrusion-hosted PGM, nickel, and coppermineralization based on regional geology and geophysical signatures.The Company plans to advance the project through systematicexploration, including data compilation, target generation, and drilltesting.

The Company is establishing a Kenora, Ontario based field operationshub to support exploration activities acrossNorthwestern Ontario and Eastern Manitoba. The proposed facility wouldprovide centralized logistical, technical, and administrative supportfor regional exploration programs and is expected to improve fieldefficiency and coordination.

The Company’s Lithium Division is one of the largestmineral claim holders in the Winnipeg River Pegmatite Field, where theCompany is exploring hard rock lithium and various rare elements suchas tantalum, rubidium, and cesium. NAM is developing its lithium division inconjunction with its Farm-in/Joint Venture agreement with MineralResources Ltd. (“MinRes”), one of the world’s largest lithiumproducers. A minimum budget to maintain theProjects has been approved by Mineral Resources Ltd for May 2025 toApril 2026. Management is currently working on providing MineralResources, a go forward exploration program for spring, summer, andfall 2026.

In April 2024, a $1.5M NSERC Alliancegrant was awarded to a collaboration led by the University of Manitoba(Drs. Fayek and Camacho), with academic partners from LakeheadUniversity (Dr. Hollings) and industry partners including New AgeMetals and Grid Metals. This research is focusedon advancing Canada’s critical metals sector, with New Age Metals’portion targeting its Bird River lithium properties. The 2025 workincluded core sampling and field visits. The project will likelyextend beyond the original 3-year term, due to its delayed start. Theparties involved in this grant plan to meet over the next 60 days andwill announce our plans for 2026 and beyond.

New Age Metals Inc. is supporting asuccessful $180K Mitacs research grant, awarded in 2023, through its$90K contribution (already accounted for and paid under the MineralResources joint venture). This academicpartnership with the University of New Brunswick and the University ofBritish Columbia is focused on understanding the origin and controlsof lithium pegmatite mineralization in the Cat Lake–Winnipeg Riverfield. MSc and post-doctoral research programs have recently beencompleted, and the Company is reviewing the results with the academicinstitutions to assess how the findings may be incorporated intofuture exploration programs. This collaboration provides access to top-tier scientific expertiseand equipment, significantly reducing analysis costs and addinglong-term value to the project.

The Company is actively seeking anoption/joint venture partner for our and its road-accessible GenesisPGM-Cu-Ni Project in Alaska and results from our Summer/Fall Programare expected by the end of the year. Recent announcement: https://newagemetals.com/new-age-metals-completes-summer-2025-exploration-program-on-the-genesis-pgm-cu-ni-project-alaska/ .

On August 6, 2025, New Age Metals announced anadditional investment in a 4thcritical metal. NAM currently owns approximately9.63% and holds warrants that, if exercised with today’s issued andoutstanding shares of MQM, would bring NAM to a 14.6% interest inMetalQuest Mining inc.

MetalQuest Mining inc. is developingone of North Americas largest iron projects, where approximately $120million has been spent on the project. For more information, please visitMetalQuestMining.com . High-purity iron became a critical metal Federally in Canada andin the Provinces of Quebec and Newfoundland and Labrador in 2024. Inthe summer of 2025, MQM contracted AtkinsRealis, an international engineering company, tocomplete a GAP Analysis on the Lac Otelnuk Project and its 2015Feasibility Study. Results are expected in Q1 2026.

MetalQuest Mining Inc. (“MQM”)has expanded its presence in the Ontario Ring of Fire through theacquisition of both the ROF-1 Project and the recently announcedFishhook Polymetallic Project. The FishhookProject further strengthens MetalQuest’s regional footprint,targeting polymetallic mineralization prospective for base andcritical metals.

Management is currently aggressivelyseeking new mineral acquisition opportunities on an internationalscale. Our philosophy is to be a projectgenerator with the objective of optioning our projects with major andjunior mining companies through to production.

Investors are invited to visit the New Age Metalswebsite at www.newagemetals.com where they can review the company andits corporate activities. Any questions or comments can be directed toinfo@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 ofDirectors

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

Cautionary NoteRegarding Forward Looking Statements: This release contains forward-lookingstatements that involve risks and uncertainties. These statements maydiffer materially from actual future events or results and are basedon current expectations or beliefs. For this purpose, statements ofhistorical fact may be deemed to be forward-looking statements. Inaddition, forward-looking statements include statements in which theCompany 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 theirnature involve risks and uncertainties, and actual results may differmaterially depending on a variety of important factors, including,among others, the Company’s ability and continuation of efforts totimely and completely make available adequate current publicinformation, additional or different regulatory and legal requirementsand restrictions that may be imposed, and other factors as may bediscussed in the documents filed by the Company on SEDAR (www.sedar.com),including the most recent reports that identify important risk factorsthat could cause actual results to differ from those contained in theforward-looking statements. The Company does not undertake anyobligation to review or confirm analysts’ expectations or estimatesor to release publicly any revisions to any forward-looking statementsto reflect events or circumstances after the date hereof or to reflectthe occurrence of unanticipated events. Investors should not placeundue reliance on forward-looking statements.

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