May 22, 2026

Formation Metals Inc.
Formation Metals Announces Closing of Upsized $22.4 Million Non-Brokered Private Placement to Increase Drill Program to 75,000 Metres

Formation Metals Expands Potential Width of A-Zone Through 400 Metre Step-Out; Fully Funded 30,000 Metre Drill Program to Continue Along Strike

Formation Metals Intersects 1.8 g/t Au over 21.9 Metres East of 1.75 g/t Au over 30.4 metres at the Advanced N2 Gold Project: Drilling Confirms 300 Metre Continuity Within 5 Kilometres of Mineralized Strike

Formation Metals Intersects 0.95 g/t Au over 61.1 Metres, including 1.68 g/t Au over 26.5 Metres at the Advanced N2 Gold Project; Bulk-Tonnage Gold Target Identified with 8 Kilometres of Strike to Explore

Formation Metals Appoints Roger Rosmus to Newly Established Advisory Board

Formation Metals Drills 1.75 g/t Au over 30.4 Metres Including 3.51 g/t Au over 10.5 Metres at the Advanced N2 Gold Project

Formation Metals Mobilizes Second Rig to Accelerate 14,000 Metre Drill Program at its Advanced N2 Gold Project

Formation Metals Expands Phase 1 Drill Program to 14,000 Metres at its Advanced N2 Gold Project

Formation Metals Further Validates Open Pit Potential at N2 Gold Project: Intersects Over 100 Metres of Near Surface Target Mineralization in Three New Drillholes

Formation Metals Intercepts 152.9 and 208.8 metres of Target Mineralization Near Surface at the Advanced N2 Gold Project, Strengthening Open Pit Model
