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LXM.V ·

Lux Metals Appoints New Director and New Chief Financial Officer

Management Changes

March 16, 2026

Lux Metals Appoints New Director and New Chief Financial Officer

Vancouver, British Columbia, March 16, 2026 – Lux Metals Corp. (TSXV: LXM) (the “Company”

or “ Lux”) is pleased to announce that Mike Stier has been appointed a director of the Company and

Geneviève Ayotte has been appointed Chief Financial Officer of the Company.

Mike Stier – Director

Educated in business management & finance, Mr. Stier has spent the past 20 years focused on and building

expertise in the capital markets. Experienced in corporate structure, finance, business development, IPO’s,

M&A, and wealth management, Mr. Stier serve d as a CIBC IIROC licensed Senior Financial Advisor,

senior analyst for a private equity company and more recently holds executive and directorship roles with

private companies and publicly listed issuers. He has consulted in industries including mining, o il & gas,

fintech, VR, eSports, health, life sciences and biotech. Mr. Stier has acted for several public entities and

currently sits on the board of Saga Metals Corp. and GoldHaven Resources Corp.

Geneviève Ayotte, CPA – Chief Financial Officer

A Chartered Professional Accountant and past President of Women in Mining Montréal, Ms. Ayotte brings

over 15 years of mining -sector financial expertise, including a decade at PwC leading audits for major

public miners. Her leadership combines technical ri gour with a deep understanding of mining governance

and capital markets.

Joseph Meagher has resigned as Chief Financial Officer and Nathan Tribble has resigned as director of the

Company. The Company thanks both Mr. Meagher and Mr. Tribble for their services and wishes them well

in their future endeavours.

On Behalf of the Board of Lux Metals Corp.

Carl Ginn

President and Chief Executive Officer

For more information, please contact 604-678-5308 or [email protected]

Neither 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.

Cautionary Note regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within

the meaning of applicable Canadian securities laws. Forward -looking statements relate to future events or future

performance and reflect th e expectations or beliefs of management of the Company regarding future events.

Generally, forward-looking statements and information can be identified by the use of forward -looking terminology

such as "intends", "expects" or "anticipates", or variations o f such words and phrases or statements that certain

actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information

and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the

date of this news release. These forward‐looking statements involve numerous risks and uncertainties and actual

results might differ materially from results suggested in any forward -looking statements. In making the forwa rd-

looking statements in this news release, the Company has applied several material assumptions . There can be no

assurance that any forward-looking information will prove to be accurate, as actual results and future events could

differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue

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reliance on forward-looking information or statements. The Company undertakes no obligation to update forward -

looking information or statements, other than as required by applicable law.