Of America OR Through U.s. Newswire Services

Enerev5 Metals Inc. Stakes Announces $400,000 Non-Brokered Private Placement and

Securities-for-Debt Transaction

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR THROUGH U.S. NEWSWIRE

SERVICES

Toronto, Ontario – January 19, 2026 – Enerev5 Metals Inc. (TSX-V: ENEV) (“Enerev5” or the

“Company”) is pleased to announce that intends to complete a non-brokered private placement (the

“Offering”) of up to 40,000,000 units (the “Units”) at a price of $0.01 per Unit for gross proceeds of up to

$400,000.

Each Unit will consist of one common share of the Company (the “Shares”) and one Share purchase

warrant (the “Warrant”). Each Warrant will entitle the holder, to acquire one Share at an exercise price of

$0.05 per Warrant for a period of five years following the closing date of the Offering. The proceeds of the

Offering will be used for general corporate and working capital purposes and project review and acquisition

costs.

The Company also announces that it intends to complete a securities for debt transaction (the “Debt

Settlement”), to settle up to $105,500 in liabilities through the issuance of up to 10,555,000 Units at a price

of $0.01 per Units. Non-Arm’s Length Parties (as that term is defined in the policies of the TSX Venture

Exchange (the “Exchange”)) that participate in the Debt Settlement shall settle eligible debt through the

issuance of Shares at a price of $0.01 per Share.

Certain insiders of Enerev5 may participate in the Offering; however, the total participation by insiders is

not expected to exceed 25% of the Offering.

Completion of the Offering and the Debt Settlement will be subject to customary closing conditions,

including the receipt of all necessary approvals including that of the Exchange. All securities issued and

issuable will be subject to a statutory hold period of four months and one day, in accordance with applicable

Canadian securities laws. The Company may pay a commission to eligible finders in connection with the

Offering and in compliance with applicable laws and subject to Exchange approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

described in this news release in the United States. The securities offered have not been and will not be

registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in

the United States absent registration or applicable exemption from the registration requirements.

About Enerev5 Metals Inc.

Enerev5 Metals Inc. (TSX-V: ENEV) is a Canadian exploration company focused on the identification and

development of critical battery metals projects in stable, mining-friendly jurisdictions. The Company’s

strategy is to build a portfolio of early-stage assets that have the potential to supply ethically-sourced metals

essential to the global transition to clean energy. Enerev5 is currently advancing lithium exploration in

northeastern Nevada and continues to evaluate additional opportunities in high-potential jurisdictions to

support its long-term growth objectives.

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

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

For further information please contact:

Enerev5 Metals Inc.

Errol Farr, President and CEO

Email: [email protected]

Tel: 647-296-1270

Forward-Looking Statements

This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking

statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical

fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this

news release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs,

plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words

or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”,

“intends”, “strategy”, “goals”, “objectives”, “forecasts”, “budget”, “schedule”, “potential”, “possible” or variations thereof

or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken,

occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical

fact and may be forward-looking statements. Forward-looking statements include, but are not limited to, statements

regarding: completion of the Offering and the Debt Settlement on the terms announced or at all, the use of proceeds

from the Offering, the timing and content of upcoming work programs; geological interpretations; timing of the

Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that

could cause actual events or results to differ from those expressed or implied by forward-looking statements contained

herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events

could differ materially from those anticipated in such statements. Certain important factors that could cause actual

results, performance or achievements to differ materially from those in the forward-looking statements include, among

others: general economic conditions in Canada and globally; industry conditions; governmental regulation of the mining

industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events;

competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms;

the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for

commodities; liabilities inherent in the mining industry; changes in tax laws and incentive programs relating to the mining

industry. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. There may

be other factors that could cause actual events or results to differ from those expressed or implied by forward-looking

statements contained herein.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could

cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable

by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and

contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially

different from those expressed or implied herein.