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Metal Energy Announces Corporate Update

Corporate Updates

Metal Energy Announces Corporate Update

Toronto, Ontario--(Newsfile Corp. - March 23, 2026) - Metal Energy Corp. (TSXV: MERG) (OTCQB:

MEEEF) (the "

Company

" or "

Metal Energy

") is pleased to announce that Alexander Stewart has

resigned from his position as Director of the Company.

The Company wishes to thank Alexander for his

dedicated service and contributions.

The Board of Directors is also pleased to announce that Colin Samples has been appointed as an

independent Director, effective immediately.

Colin brings a background in business development, operations, and stakeholder engagement,. He has

been involved in project development, transaction processes, strategic growth initiatives and has

founded and exited private businesses.

Colin has experience working with BC Hydro on capital infrastructure and stakeholder engagement

initiatives and is a member of the Cook's Ferry Indian Band in British Columbia. His regional familiarity

and stakeholder experience are expected to support the Company's ongoing activities in British

Columbia.

"Colin brings a strong combination of business development experience and stakeholder engagement

expertise," said Stephen Stewart, Chairman of Metal Energy. "His familiarity with British Columbia and

experience working with Indigenous communities will be valuable as we continue to advance our

projects."

Mr. Samples commented, "I am pleased to join the Board of Metal Energy and look forward to

supporting the Company's continued growth. I am excited to work with the team as we advance the

Company's portfolio of projects."

The appointment remains subject to final approval of the TSX Venture Exchange.

About Metal Energy

Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) is a critical metals exploration company focused

on copper and gold assets in Canada.

For further information, please contact:

Metal Energy Corp.

MERG on the TSXV

[email protected]

www.metalenergy.ca

Stephen Stewart, Chairman

416.644.1567

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information

("forward-looking statements)", including details about the business of Metal Energy. All statements in

this news release, other than statements of historical facts, that address events or developments that

Metal Energy expects to occur, are forward-looking statements. By their nature, forward-looking

statements are subject to numerous risks and uncertainties, some of which are beyond the Metal

Energy's control, including the impact of general economic conditions, industry conditions, volatility of

commodity prices, currency fluctuations, environmental risks, operational risks, competition from

other industry participants, stock market volatility. Although the Company believes that the

expectations in its forward-looking statements are reasonable, its forward-looking statements have

been based on factors and assumptions concerning future events which may prove to be inaccurate.

Those factors and assumptions are based upon currently available information. Such statements are

subject to known and unknown risks, uncertainties and other factors that could influence actual results

or events and cause actual results or events to differ materially from those stated, anticipated or

implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue

reliance on the forward-looking statements, as no assurance can be provided as to future results,

levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that

could affect actual results are discussed in Metal Energy's public disclosure documents available at

www.sedar.com

. Furthermore, the forward-looking statements contained in this document are made as

of the date of this document and, except as required by applicable law,

Metal Energy does not

undertake any obligation to publicly update or to revise any of the included forward-looking

statements, whether as a result of new information, future events or otherwise. The forward-looking

statements contained in this document are expressly qualified by this cautionary statement.

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/289473