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XXIX.V ·

Announces Grant of Stock Options

Share Capital & Compensation

XXIX

Announces Grant of Stock Options

TORONTO, ONTARIO

–

Februar

y

7

th

, 202

5

–

XXIX Metal

Corp

. (“

XXIX

” or the “Company”) (

XXIX

: TSXV |

QCCUF

:

OTC)

is pleased to announce that the Board of Directors has approved the grant of stock options

to

certain directors, officers, and consultants of the Company,

allowing for the acquisition of up to, in the

aggregate,

3,675

,000

shares of the Company.

2,900,000 stock options were granted to certain directors

and officers of the Company.

The options are exercisable at a price of CAD $

0

.

12

per share

for five (5)

years from the date of grant, vest one (1) year from the date of grant and are subject to regulatory policies

and approvals.

The grant of options to certain directors and officers is a "related party transaction"

under Multilateral

Instrument 61

-

101

-

Protection of Minority Security Holders in Special

Transactions ("MI 61

-

101"). The

Company relied on the exemptions from the formal valuation and minority

shareholder approval

requirements of MI 61

-

101 contained in Sections 5.5(a) and 5.7(1)(a) of MI

61

-

101 in respect of related

party matters, as the Company is listed on the TSX Venture Exchange ("TSXV") and neither the fair

m

arket

value (as determined under MI 61

-

101) of the subject matter of, nor the fair market value of

the

consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the

Company's market capitalization (as determined under MI 61

-

101).

About XXIX Metal Corp.

XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The

Opemiska Project, Canada's highest

-

grade copper resource, spans 13,000 hectares in Quebec's Chapais

-

Chibougamau region, with strong infrastructure and n

earby access to the Horne Smelter. A January 2024

resource update reported a 16% increase in contained Copper Equivalent (CuEq) and a 10% grade boost,

including 87.3 million tonnes at 0.93% CuEq (Measured & Indicated) and additional Out of Pit resources.

T

he Thierry Project hosts two past

-

producing open pits that transitioned to underground mining

-

producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976

-

1982 by UMEX Inc. Historically, copper

concentrate was shipped to the Horne Smelter in Rouyn

-

Noranda, QC.

For further information, please contact:

Stephen Stewart, Chief Executive Officer

Phone: 416.644.1567

Email:

[email protected]

Forward

-

Looking Statements

Certain information set forth in this news release contains forward

-

looking statements or information

("forward

-

looking statements)", including details about the business of the Company. All statements in

this news

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

Company

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 Company's contro

l,

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. Ris

ks, uncertainties,

material assumptions and other factors that could

affect actual results are discussed in the Company

'

s

public disclosure documents available at www.sedar

plus.ca

. 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, the Company 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 accepts responsibility for the

adequacy or accuracy of this release.