District Reports Voting Results from Its Annual General Meeting of Shareholders V

918-1030 West Georgia Street, Vancouver, BC, V6E 2Y3

Telephone: (604) 288-4430

District Reports Voting Results from Its

Annual General Meeting of Shareholders

V

ancouver, B.C. December 16, 2025

D

ecember 16, 2025 – District Metals Corp. (TSX -V: DMX) (Nasdaq First North: DMXSE

SDB) (OTCQ X: DMXCF) (FRA: DFPP) ; (“District” or the “ Company”) held its annual

general meeting of shareholders on December 10, 2025, in Vancouver, British Columbia (the

“Meeting”), and all resolutions were passed.

S

hareholders voted as follows on the matters before the meeting:

E

lection of Directors

Shareholders elected the following four (4) board members to serve on the Company's board of

directors until the next annual meeting of shareholders or until their successors are elected or

appointed:

Nominee For % For Withheld % Withheld

Garrett Ainsworth 16,730,409 99.775% 37,759 0.225%

Joanna Cameron 16,730,409 99.775% 37,759 0.225%

Jonathan Challis 16,730,409 99.775% 37,759 0.225%

Doug Ramshaw 16,730,409 99.775% 37,759 0.225%

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ppointment of Auditors

Shareholders appointed Davidson & Company LLP, Chartered Professional Accountants, as

auditor of the Company for the upcoming year and authorized the directors of the Company to

fix the remuneration of the auditor with 99.772% of shares represented at the meeting voting in

favour.

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pproval of Stock Option Plan

The Company's incentive stock option plan was approved by shareholders with 99.537% of shares

represented at the meeting voting in favour.

For further information regarding the matters considered at the Meeting, readers are encouraged

to review the Circular, a copy of which is available under the profile for the Company on

SEDAR+ (www.sedarplus.ca) and available on the Company’s website.

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bout District Metals Corp.

District Metals Corp. is led by industry professionals with a track record of success in the mining

industry. The Company’s mandate is to seek out, explore, and develop prospective mineral

properties through a disciplined science -based approach to create s hareholder value and benefit

other stakeholders. District is a 2025 TSX Venture 50 company, ranking among the top-

performing issuers on the TSX Venture Exchange in the past year.

District is a uranium polymetallic exploration and development company focused on its flagship

Viken Property in Sweden. The Viken Property covers 100% of the Viken Energy Metals Deposit,

which contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along

with significant Mineral Resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and

other important and critical raw materials.

For further information on the Viken Property, please see the technical report entitled “NI 43-101

Updated Mineral Resource Estimate and Technical Report on the Viken Energy Metals Project,

Jämtland County, Sweden” dated effective April 25, 2025, which is available on SEDAR+ at

www.sedarplus.ca.

Technical Information

All scientific and technical information in this news release has been prepared by, or approved by

Garrett Ainsworth, P.Geo, President and CEO of the Company. Mr. Ainsworth is a Qualified

Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral

Projects.

Mr. Ainsworth has not verified any of the information regarding any of the properties or projects

referred to herein other than the Viken Mineral Licenses. Mineralization on any other properties

referred to herein is not necessarily indicative of mineralization on the Viken Mineral Licenses.

On Behalf of the Board of Directors

“Garrett Ainsworth”

President and Chief Executive Officer

(604) 288-4430

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Cautionary Statement Regarding “Forward-Looking Information”

This news re lease contains certain statements that may be considered “forward- looking information” with respect to the

Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward- looking

information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not

expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does n ot

anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”,

“could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and any similar expressions. In addition, any

statements that refer to expectations, predictions, indications, projections or other characterizations of future events or

circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts

but instead represent management’s expectations, estimates and projections regarding future events. Forward- looking

information in this news release relating to the Company include, among other things, statements relating to lifting of the current

ban on uranium mining in Sweden.

These statements and other forward- looking information are based on opinions, assumptions and estimates made by the

Company in light of its experience and perception of historical trends, current conditions and expected future developments, as

well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news

release, including, without limitation, the reliability of exploration and drill results; reliability of data and the accuracy of publicly

reported information regarding current, past and historic mines in the Bergslagen district and in respect of the Swedish

properties; uranium exploration and mining regulation in Sweden; the Company’s ability to raise sufficient capital to fund

planned exploration activities, maintain corporate capacity; stability in financial and capital markets; the Company’s abilit y to

complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational

delays; no material delays in obtaining necessary permits; the price of metals remaining at levels that render mineral properties

economic.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered

reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties,

assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially

different from those expressed or implied by such forward-looking information, including but not limited to risks associated with

the following: the reliability of historic data on District’s properties; the Company’s ability to raise sufficient capital to financ e

planned exploration; the Company’s limited operating history; the Company’s negative operating cash flow and dependence on

third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities

including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and

approvals, technical issues, potential delays, unexpected events and management’s capacity to execute and implement its future

plans; the Company’s ability to identify Mineral Resources and Mineral Reserves; the substantial expenditures required to

establish Mine ral Reserves through drilling and the estimation of Mineral Reserves or Mineral Resources; the uncertainty of

estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and

regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters;

conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land

reclamation requireme nts; changes in government policies; volatility of the Company’s share price; the unlikelihood that

shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks;

fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the

enforceability of judgments; going concern risk; risks related to the Company’s information technology systems and cyber -

security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. These factors and assumptions

are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and

assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause

actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there

may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such

factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward- looking

information. The forward-looking information is made as of the date of this n ews release , and the Company assumes no

obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.

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