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NVRO.V ·

News release

Corporate Updates

Source: NVRO Metals Limited

September 08, 2026 06:00 ET

NVRO Metals Announces

Planned Management and

Board Transition

VANCOUVER, British Columbia, Sept. 08, 2026 (GLOBE NEWSWIRE) -- NVRO Metals Limited (TSXV:

NVRO | OTCQB: ESGLF | FSE: YGK) (“NVRO” or the “Company”) announces its planned

management and governance transition as the Company continues to mature and position itself

for its next phase of growth. NVRO is transitioning to a CEO-led management structure supported

by a fully non-executive Board.

As part of this planned transition, Executive Chair David Cam will conclude his executive

responsibilities with the Company and will not stand for re-election and Grant Freeman, Chief

Executive Ofcer, will be standing for election at the upcoming Annual General and Special

Meeting.

Mr. Cam’s retirement follows a period of signicant development for NVRO, during which the

Company has strengthened its management team, advanced its strategy and established the

platform for its next stage of growth.

Mr. Cam will enter into a Founder’s Agreement with NVRO following his retirement, providing

strategic advice and supporting the Company as it continues to execute its strategy.

“This transition is part of the evolution of NVRO as we have built the management and governance

structure needed for the Company’s next phase,” said Mr. Cam.

“With Grant Freeman joining the Board and an established management team in place, NVRO is

well positioned for the future. I believe that this is the right time for me to step away from executive

and Board responsibilities and focus on my health and family. I am very proud of what we have

achieved and excited about the opportunity ahead for NVRO. I am pleased to continue supporting

the Company in an advisory capacity.”

Paul McRae, Lead Independent Director and incoming Chair, added, “David has played a central

role in the development of NVRO and in positioning the Company for the opportunities ahead. This

transition reects the maturity of the business and the management capability that has now been

established. Grant and his team have delivered exceptional outcomes. The Board believes the move

to a CEO-led management structure and fully non-executive Board is the appropriate structure for

NVRO as it enters its next phase. We are pleased David has agreed to continue providing strategic

support to the Company through his founder’s role.”

The Board thanks Mr. Cam for his leadership and contribution to NVRO and wishes him well in his

retirement.

About NVRO Metals Limited

NVRO Metals Limited is a clean technology company focused on the recovery of precious, base and

critical metals from refractory suldic ores, concentrates and tailings. The Company's proprietary

NVRO Process™ is a catalyzed hybrid acid leach that operates at low temperature and near

atmospheric pressure, using nitric acid in catalytic quantities to break sulde bonds and liberate

contained metals, with continuous regeneration and recycling of reagents. NVRO Metals is

advancing the NVRO Metals Hub in the Northern Territory, Australia, alongside client programs and

partnerships internationally.

For further information, please contact:

NVRO Metals Limited:

Grant Freeman, Chief Executive Ofcer

Paul McRae, Lead Independent Director

Investor Relations:

Neil Simon

Chief Executive Ofcer

Investor Cubed Inc.

T. +1 647 258 3310

Email: [email protected]

Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within

the meaning of applicable Canadian securities laws. Forward-looking statements in this news

release include, but are not limited to, statements regarding: the appointment of Mr. Cam as

strategic advisor; his intention not to stand for re-election as a director; and the development of the

NVRO Metals Hub and its progression to production.

Forward-looking statements are based on management’s expectations, estimates and assumptions

as of the date of this news release, including assumptions that the AGM will proceed on the date

currently scheduled; that Mr. Cam will remain willing and able to act as strategic advisor; that

required regulatory and Exchange acceptances will be obtained; and that the Company will have

access to sufcient capital to advance its plans.

Forward-looking statements are subject to known and unknown risks and uncertainties that may

cause actual results to differ materially, including: shareholder voting outcomes; the failure to

obtain or maintain regulatory or Exchange acceptance; the risk that the advisory engagement may

be terminated or may not deliver the expected benet; technical, metallurgical and operational

risks associated with the development of the NVRO Metals Hub; the availability of nancing;

changes in commodity prices and foreign exchange rates; and the risk factors described under the

caption “Risks” in the Company’s most recent Management Discussion and Analysis, available on

SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak

only as of the date of this news release. Except as required by applicable securities laws, the

Company does not undertake any obligation to update or revise any forward-looking statements,

whether as a result of new information, future events or otherwise.

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

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

this release.