Pegmatite One Lithium and GOLD Corp. Settles Outstanding Debt

PEGMATITE ONE LITHIUM AND GOLD CORP.

PEGMATITE ONE LITHIUM AND GOLD CORP. SETTLES OUTSTA NDING DEBT

July 21, 2026 – Vancouver, British Columbia. Pegmatite One Lithium and Gold Corp. (the “Company ”)

(CSE: PGA) announces that the Company has closed its previously announced debt settlement (see June

25, 2026, press release) settling outstanding indeb tedness totaling $90,000 through the issuance of

666,667 common shares at a price of $0.135 per share.

The securities are subject to a four month and one day hold from the date of issuance. In addition, the debt

settlement is subject to the approval of the CSE.

On Behalf of the Board of Directors,

Pegmatite One Lithium and Gold Corp.

Kelly Abbott

CEO

Phone: +1 (416) 481-2222 x228

Email: [email protected]

Website: www.pegmatiteone.com

Cautionary Statement

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within

the meaning of applicable securities law. Forward-looking information is frequently characterized by words

such as “plan”, “expect”, “project”, “intend”, “bel ieve”, “anticipate”, “estimate” and other similar w ords, or

statements that certain events or conditions “may” or “will” occur. Forward-looking statements are bas ed

on the opinions and estimates at the date the state ments are made, and are subject to a variety of ris ks

and uncertainties and other factors that could caus e actual events or results to differ materially fro m those

anticipated in the forward-looking statements inclu ding, but not limited to delays or uncertainties wi th

regulatory approvals, including that of the CSE. Th ere are uncertainties inherent in forward-looking

information, including factors beyond the Company’s control. There are no assurances that the business

plans for the Company as described in this news rel ease will come into effect on the terms or time fra me

described herein. The Company undertakes no obligat ion to update forward-looking information if

circumstances or management’s estimates or opinions should change except as required by law. The

reader is cautioned not to place undue reliance on forward-looking statements. Additional information

identifying risks and uncertainties that could affe ct financial results is contained in the Company’s filings

with Canadian securities regulators, which are available at www.sedarplus.ca

The CSE and Information Service Provider have not r eviewed and does not accept responsibility

for the accuracy or adequacy of this release.