Velocity Announces Exercise of Warrants and Granting of Stock Options

traLms

NR-26-01 January 21, 2026

Velocity Announces Exercise of Warrants and

Granting of Stock Options

Vancouver, British Columbia – Velocity Minerals Ltd. (TSX.V: VLC , OTCQB: VLCJF ) (“ Velocity” or the

“Company”) announces that it has received proceeds of $1,316,387 from exercise of warrants expiring on

December 19, 2025. A total of 98% of outstanding warrants were exercised at an exercise price of $0.18

and the Company has no additional outstanding share purchase warrants.

The Company also announces that it has granted 3,665,000 common share stock options (each, an

"Option") to various directors, officers, employees and consultants of the Company and its affiliates. The

options will form part of the Company’s annual grant of long -term incentives. The Options entitle the

holder to purchase shares at a price of $0.18 per share for a period of 5 years from the issue date. Options

will vest over 3 years, beginning 6 months from the date of issue and vesting in equal tranches bi-annually

thereafter. Including this issuance, the Company has now set Options representing 8.9% of the issued

and outstanding stock.

On Behalf of the Board of Directors

“Keith Henderson”

President & CEO

For further information, please contact:

Keith Henderson

Phone: +1-604-484-1233

E-mail: [email protected]

Web: www.velocityminerals.com

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

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.