Correction to Finder's Fees for Private Placement

American Tungsten Corp. Corrects Disclosure of Finder’s Fees Paid in Connection with Previously Announced Private Placement

Vancouver, BC, August 6, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) (“American Tungsten” or the “Company”) wishes to correct the amount of finders fees disclosed in its July 24, 2025 news release. In connection with the private placement that closed on July 24, 2025 (the “Offering”), the Company paid finders’ fees consisting of $326,222.34 in cash and 647,894 non-transferrable warrants (the “Finder’s Warrants”). Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of $0.50 per Share for a period of 24-months from the date of issuance.

The remaining material terms of the Offering remain as announced on July 24, 2025.

ABOUT AMERICAN TUNGSTEN CORP.

American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the Ima Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America The Company’s Ima Mine Project is a historic and high-quality underground tungsten past-producing property, where the Company holds an option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres.

Social media links:

LinkedIn: https://www.linkedin.com/company/americantungstencorp/ X: https://x.com/amtungsten Facebook: https://www.facebook.com/americantungstencorp/ Instagram: https://www.instagram.com/americantungstencorp/ YouTube: https://www.youtube.com/@americantungstencorp

For further information, please contact:

Ali Haji Chief Executive Officer Email: [email protected] Phone: +1 (647) 871-4571

CSE:TUNG OTCQB:DEMRF FSE:RK9

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.

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This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the completion of the Offering on the terms described herein or at all, and the use of proceeds and available funds following the completion of the Offering and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertakes no obligation to update publicly or otherwise revise any forward- looking statements, except as may be required by law.