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FWZ.V ·

Fireweed Grants Stock Options

Share Capital & Compensation

1

NEWS RELEASE

January 30, 2025 TSXV: FWZ

OTCQX: FWEDF

FSE: M0G

Fireweed Grants Stock Options

Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the Company”)

(TSXV: FWZ; OTCQX: FWEDF) announces that pursuant to the Company’s stock option plan, it

granted stock options today, exercisable into 2,595,000 common shares in the Company to

certain officers, employees, and consultants of the Company. The stock options are exercisable

at a price of C$1.48 per share for a five-year term.

About Fireweed Metals Corp.

Fireweed is an exploration company focused on unlocking value in a new critical metals district

located in Northern Canada. Fireweed is 100% owner of the Macpass District, a large and highly

prospective 985 km2 land package. The Macpass District includes the Macpass zinc -lead-silver

project and the Mactung tungsten project. A Lundin Group company, Fireweed is strongly

positioned to create meaningful value.

Fireweed trades on the TSX Venture Exchange under the trading symbol “FWZ”, on the OTCQX

Best Market under the symbol “FWEDF”, and on the Frankfurt Stock Exchange under the trading

symbol “M0G”.

Qualified Person Statement

Technical information in this news release has been approved by Fireweed Metals VP Geology,

Jack Milton, P.Geo. (BC), a “Qualified Person” as defined under Canadian National Instrument

43-101.

Additional information about Fireweed and its projects can be found on the Company’s website

at FireweedMetals.com and at www.sedarplus.com

ON BEHALF OF FIREWEED METALS CORP.

“Ian Gibbs”

President & CEO

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.

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Cautionary Statements

Forward Looking Statements

This news release contains “forward- looking” statements and information (“forward- looking statements”).

All statements, other than statements of historical facts, included herein, including, without limitation,

statements relating to interpretation of drill results, targets for exploration, potential extensions of

mineralized zones, future work plans, the us e of funds, and the potential of the Company’s projects, are

forward looking statements. Forward-looking statements are frequently, but not always, identified by words

such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar

expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be

achieved. Forward -looking statements are based on the beliefs of Company management, as well as

assumptions made by and information currently available to Company management and reflect the beliefs,

opinions, and projections on the date the statements are made. Forward-looking statements involve various

risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking

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

and future events could differ materially from those anticipated in such statements. Important factors that

could cause actual results to differ materially from the Company's expectations include but are not limited

to, exploration and development risks, unanticipated rec lamation expenses, expenditure and financing

requirements, general economic conditions, changes in financial markets, the ability to properly and

efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued

operations, title matters, First Nations relations, operating hazards, political and economic factors,

competitive factors, metal prices, relationships with vendors and strategic partners, governmental

regulations and oversight, permitting, seasonality and weat her, technological change, industry practices,

uncertainties involved in the interpretation of drilling results and laboratory tests, and one-time events. The

Company assumes no obligation to update forward ‐looking statements or beliefs, opinions, projections or

other factors, except as required by law.

Contact: Alex Campbell

Phone: +1 (604) 689-7842

Email: [email protected]