New Age Metals Expands Northern Shield Pgm–cu–ni and Critical Minerals Project to ~34,000 Hectares IN Ontario’S Ring of Fire
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
NEW AGE METALS EXPANDS NORTHERN SHIELD PGM–CU–NI AND
CRITICAL MINERALS PROJECT TO ~34,000 HECTARES IN
ONTARIO’S RING OF FIRE
April 8, 2026 – Rockport, Ontario–New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J)
(“NAM” or the “Company”) is pleased to announce the acquisition, through staking, of the northern
extension of its Northern Shield Platinum Group Metals–Cu–Ni and Critical Minerals Project in Ontario’s
Ring of Fire region. This expansion increases the total project footprint to approximately 34,000
hectares (84,000 acres) and strengthens the Company’s land position along interpreted mafic –ultramafic
geological trends, building on its previously announced Northern Shield acquisition.
Harry Barr, Chairman and CEO, commented: “To our shareholders, the Northern Shield Northern
Extension represents another important step in building long -term value through disciplined project
consolidation. By staking this additional ground, we have now secured what we believe to be the full extent
of the layered mafic intrusive complex associated with Northern Shield. That is a meaningful strategic
achievement.
This additional land strengthens our control of a highly prospective geological system in one of Canada’s
most important emerging critical minerals districts. Our technical team continues to do an excellent job
identifying opportunities to expand and impro ve the quality of our project pipeline, and this northern
extension is another example of that work creating shareholder value.
As infrastructure momentum continues to build in the Ring of Fire, we believe it is important to establish
land positions in advance of future regional development. We will continue to advance Northern Shield in
a systematic and disciplined manner.”
Highlights
• 100% owned, acquired through staking with no option payments or earn-in obligations
• Land position expanded to ~3 4,000 hectares (~ 84,000 acres) comprising 1, 695 claims,
consolidating prospective ground within Ontario’s Ring of Fire
• The Company intends to proactively engage and consult with local First Nations in
accordance with New Age Metals’ established policy of meaningful and ongoing collaboration
with Indigenous communities
• Northern extension captures additional interpreted bedrock EM conductors prospective for
platinum group metals and nickel-copper mineralization
• Expanded footprint strengthens control along interpreted intrusive and structural trends associated
with magmatic sulphide systems
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
• Building upon an extensive historical exploration database including airborne geophysics,
ground EM surveys, mapping, and previous diamond drilling
• Systematic data compilation underway to refine targets and prioritize field programs ahead of drill
targeting
• Ongoing regional consolidation strategy with continued evaluation of additional acquisitions in the
immediate area
• Strategic addition to New Age Metals’ Platinum Group Metals project pipeline,
complementing the Company’s River Valley PGM Project, Genesis PGM –Cu–Ni Project, and
recently acquired Northern Shield PGM Project and the Platreef PGM Project (Ontario)
• Government momentum continues to strengthen the district, with Ontario targeting 2026 for
commencement of the Ring of Fire supply road, supporting long -term regional access and
development potential
Northern Shield Project Overview
The Northern Shield Project represents a large, contiguous land position within the Ring of Fire region of
northern Ontario, targeting magmatic sulphide systems prospective for platinum group metals (PGM),
nickel, and copper.
The Property is interpreted to cover portions of a layered mafic–ultramafic intrusive complex supported by
historical drilling, airborne and ground geophysics, and publicly available Ontario assessment records. The
system is considered prospective for reef-style PGM –Ni–Cu sulphide mineralization , as well as
vanadium-rich magnetite layers.
The Fishtrap Lake Intrusive Complex is characterized by:
• Cyclic anorthosite–gabbro–pyroxenite stratigraphy
• Magnetite-rich horizons
• Localized sulphide mineralization
These features are consistent with geological environments known globally to host stratiform PGM-bearing
systems.
The Northern Shield Project is situated within the James Bay Lowlands region of Ontario, an emerging
critical minerals district that includes the Ring of Fire and nearby exploration and development projects
operated by groups such as Wyloo Metals (see Figure 1). Ongoing exploration activity and advancing
regional infrastructure initiatives underscore the growing strategic importance of this part of northern
Ontario.
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
Figure 1. Location map of newly acquired Northern Extension (in Red) of the Northern Shield Project now
encompassing a grand total of ~34,000 hectares. Also located proximal to MetalQuest Ring of Fire Projects.
Reflecting this broader regional activity, MetalQuest Mining Inc. (“MQM”) announced on December 3,
2025, that it secured the ROF-1 Project and recently announced on January 23, 2026, the Fishhook
Polymetallic Project, a critical minerals land package within the Ontario Ring of Fire . New Age Metals
currently holds an equity interest in MetalQuest Mining , providing the Company with additional
exposure to exploration activity in the Ring of Fire and reinforcing its strategic focus on platinum group
metals and critical minerals in Northern Ontario.
Data compilation and geological interpretation will continue across the expanded land package to
prioritize targets and optimize exploration planning. The Company intends to advance select targets
toward field validation and potential drill testing as part of its phased exploration strategy.
Ring of Fire Road Completion Date
The Government of Ontario has outlined an accelerated plan to develop all-season road access into the Ring
of Fire, a critical step toward unlocking the region’s significant mineral potential. Construction of the road
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
network is expected to begin in mid-2026, with multiple segments advancing concurrently in partnership
with local First Nations communities. These roads are designed to connect remote northern communities
to the provincial highway system while also enabling access to key exploration and developm ent areas
within the mineral belt.
Under the current plan, portions of the road network are expected to be operational by 2030, with full
completion targeted for approximately 2031 , several years ahead of earlier expectations. This
infrastructure development is anticipated to significantly improve access, reduce exploration costs, and
support long-term economic development across the region, positioning the Ring of Fire as a strategic hub
for critical minerals in Canada.
Figure 2. Ontario Premier Doug Ford speaks at the Prospectors and Developers Association of Canada conference in
Toronto on March 3 rd, 2026. (Evan Mitsui/CBC) https://www.cbc.ca/news/science/ontario-critical-minerals-mining-
climate-9.7117971
Additional, regional initiatives include proposed all-season access road development, intended to improve
connectivity, reduce exploration costs, and support long-term economic opportunities in collaboration
with local First Nations communities. This growing infrastructure and exploration momentum
underscores the strategic importance of projects located within and adjacent to the Ring of Fire.
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
Figure 3. Prime Minister Mark Carney and Ontario Premier Doug Ford signing an agreement on the Ring
of Fire Road. Source: https://ontarioconstructionnews.com/ford-predicts-shovels-in-the-ground-by-june-
as-ontario-and-canada-move-forward-on-ring-of-fire
The Premier of Ontario, Mr. Doug Ford was quoted on December 23, 2025, in the Ontario Construction
News: “This will create jobs, build a more competitive economy and help unlock the enormous
economic opportunity of the Ring of Fire.”
Mr. Ford went on to add “The agreement is the last one needed to launch construction on the Ring of
Fire. He predicts shovels will be in the ground in June 2026, as soon as the ground thaws, three whole
years ahead of schedule.”
Qualified Person
Troy Gallik, P.Geo. (Member ID 3550), a Practising Registrant and Qualified Person (“QP”) as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects , has reviewed and approved
the scientific and technical information contained in this news release.
Mr. Gallik is a geological consultant to New Age Metals Inc. and is not independent for the purposes of NI
43-101. Mr. Gallik also holds an underlying royalty interest in the Project.
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
The Qualified Person has reviewed available assessment files, historical drill logs, geophysical datasets,
government geological data, and publicly available technical reports relevant to the Project area. The QP
has not completed sufficient work to independently verify all historical exploration data referenced herein;
however, the QP considers such information to have been collected using industry -standard practices and
to be reasonably reliable for the purposes of early-stage exploration and target generation.
Mineral resources referenced on adjacent properties are not necessarily indicative of mineralization on the
Project.
About NAM
New Age Metals is a junior mineral exploration and development company focused on the discovery,
exploration, and development of critical green metal projects in North America. The Company has three
divisions: a Platinum Group Element division, a Lithium/Rare Metals division, an Antimony-Gold Division
as well as an investment in MetalQuest Mining’s (TSXV:MQM | OTC:MQMIF) high purity Lac Otelnuk
Iron Project.
The PGM Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project,
one of North America’s largest undeveloped Platinum Group Element Projects, situated 100 km by
road east of Sudbury, Ontario. In addition to River Valley, NAM owns 100% of the Genesis PG M-Cu-
Ni Project in Alaska. Most recent PGM announcement: https://newagemetals.com/new-age-metals-
prepares-its-platinum-group-metals-division-to-launch/.
On January 21 st 2026, the Company recently expanded its Platinum Group Metals portfolio through the
acquisition of the Northern Shield PGM Project in Ontario’s Ring of Fire region, strengthening its exposure
to district-scale mafic–ultramafic systems prospective for nickel, copper, and platinum group elements.
On February 26, 2026, the Company also acquired the Platreef PGM and Escape East PGM Projects, both
platinum group metals –nickel–copper (PGM –Ni–Cu) exploration propert ies located in northwestern
Ontario within and nearby the prospective Lac des Iles Igneous Complex. The Complex hosts Canada’s
only primary palladium-producing operation, owned and operated by Impala Canada Ltd., a wholly owned
subsidiary of Impala Platinum Holdings Limited.
New Age Metals’ Antimony –Gold division is located in Newfoundland and comprises a 20,950 -
hectare land package across 11 non-contiguous properties. Six of these properties are situated in the St.
Alban’s area, along Canstar’s Swanger and Little River mineralized trends. The remaining five properties
are strategically positioned along the same regional geological trend as the past -producing Beaver Brook
Antimony Mine and are also located near New Found Gold’s Queensway South Gold Project.
Management has completed Phase 1 exploration and has now finished Phase 2 fieldwork. The Phase 2
program successfully delineated multiple gold –antimony (Au–Sb) trends, and the Company is currently
planning follow-up exploration while awaiting additional assay results. These results will be used to guide
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
exploration targeting and program planning for 2026 and beyond. Most recent releases:
https://newagemetals.com/axiom-exploration-group-initiates-xcite-helicopter-borne-tdem-survey-over-
nams-sentinel-antimony-property-newfoundland-nam-monitors-fintech-solutions-to-enhance-market-
transparency/
https://newagemetals.com/new-age-metals-samples-high-grade-antimony-gold-silver-and-lead-at-st-
albans-newfoundland-and-starts-phase-2-exploration/
The Bonanza Ridge Gold and Critical Metals Project has been significantly expanded with the option
agreements for the Lavender Lake and South Gibi Lake properties, adding a combined ~5,216 hectares
(~12,889 acres) of prospective ground in the Kenora Gold District of northwestern Ontario. These
properties, located about 25 km southeast of Kenora, are strategically positioned along a favourable
structural corridor adjacent to NAM’s flagship Bonanza Gold Property, and host known gold and copper
occurrences wit h minimal modern exploration to date. The consolidated portfolio now comprises
approximately 8,500 hectares of contiguous land within an emerging gold and critical metals jurisdiction,
providing substantial opportunities for follow -up field work, structural modeling, target generation, and
future drill campaigns. Recent announcement: https://newagemetals.com/new-age-metals-expands-
bonanza-ridge-gold-andcritical-metals-project-strategic-acquisition-oflavender-lake-south-gibi-lake-
properties/.
The Company is establishing a Kenora, Ontario based field operations hub to support exploration
activities across Northwestern Ontario and Eastern Manitoba. The proposed facility would provide
centralized logistical, technical, and administrative support for regional exploration programs and is
expected to improve field efficiency and coordination.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River
Pegmatite Field, where the Company is exploring hard rock lithium and various rare elements such as
tantalum, rubidium, and cesium. NAM is developing its lithium division in conjunction with its Farm-
in/Joint Venture agreement with Mineral Resources Ltd. (“MinRes”), one of the world’s largest
lithium producers. A minimum budget to maintain the Projects has been approved by Mineral Resources
Ltd for May 2025 to April 2026. Management is currently working on providing Mineral Resources, a go
forward exploration program for spring, summer, and fall 2026.
In April 2024, a $1.5M NSERC Alliance grant was awarded to a collaboration led by the University
of Manitoba (Drs. Fayek and Camacho), with academic partners from Lakehead University (Dr.
Hollings) and industry partners including New Age Metals and Grid Metals. This research is focused
on advancing Canada’s critical metals sector, with New Age Metals’ portion targeting its Bird River lithium
properties. The 2025 work included core sampling and field visits . The project will likely extend beyond
the original 3-year term, due to its delayed start. The parties involved in this grant plan to meet over the
next 60 days and will announce our plans for 2026 and beyond.
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New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
New Age Metals Inc. is supporting a successful $180K Mitacs research grant, awarded in 2023,
through its $90K contribution (already accounted for and paid under the Mineral Resources joint
venture). This academic partnership with the University of New Brunswick and the University of British
Columbia is focused on understanding the origin and controls of lithium pegmatite mineralization in the
Cat Lake–Winnipeg River field. MSc and post-doctoral research programs have recently been completed,
and the Company is reviewing the results with the academic institutions to assess how the findings may be
incorporated into future exploration programs. This collaboration provides access to top -tier scientific
expertise and equipment, significantly reducing analysis costs and adding long -term value to the
project.
The Company is actively seeking an option/joint venture partner for its road -accessible Genesis
PGM-Cu-Ni Project in Alaska and results from our Summer/Fall Program are expected by the end
of the year. Recent announcement: https://newagemetals.com/new-age-metals-completes-summer-
2025-exploration-program-on-the-genesis-pgm-cu-ni-project-alaska/ .
On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal. NAM
currently owns approximately 9.63% and holds warrants that, if exercised with today’s issued and
outstanding shares of MQM, would bring NAM to a 14.6% interest in MetalQuest Mining inc.
MetalQuest Mining Inc. is developing one of North Americas largest iron projects, where
approximately $120 million has been spent on the project. For more information, please visit
MetalQuestMining.com . High-purity iron became a critical metal Federally in Canada and in the
Provinces of Quebec and Newfoundland and Labrador in 2024. In the summer of 2025, MQM
contracted AtkinsRealis, an international engineering company, to complete a GAP Analysis on the
Lac Otelnuk Project and its 2015 Feasibility Study. Results are expected in Q1 2026.
MetalQuest Mining Inc. (“MQM”) has expanded its presence in the Ontario Ring of Fire through
the acquisition of both the ROF-1 Project and the recently announced Fishhook Polymetallic Project.
The Fishhook Project further strengthens MetalQuest’s regional footprint, targeting polymetallic
mineralization prospective for base and critical metals.
Management is currently aggressively seeking new mineral acquisition opportunities on an
international scale. Our philosophy is to be a project generator with the objective of optioning our projects
with major and junior mining companies through to production.
Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can
review the company and its corporate activities. Any questions or comments can be directed to
[email protected] or Harry Barr at [email protected] or Farid Mammadov at
[email protected] or call 613 659 2773.