Western Metallica Extends Exclusivity on Nueva Celti Copper Project Deal with AJAX Resources

Western Metallica Resources Corp. has extended the exclusivity period under its Exclusivity and Binding Option Agreement with AJAX Resources PLC to November 30, 2026. Under the terms of the agreement, AJAX holds an exclusive and irrevocable option to acquire 100 % of Western Metallica, S.L., a Spanish subsidiary that owns the Nueva Celti Copper Project in Andalusia, Spain.

The company has received conditional approval from the TSXV for the transaction, subject to the completion of various closing conditions, including shareholder approval.

Western Metallica Resources Corp. is an Ontario‑based company headquartered in Toronto. It focuses on mineral resource exploration and development. Its core asset is the 100 % owned Penedela Gold Property within the Navelgas Gold Belt in Asturias, Spain. The company also holds interests in two additional gold projects in the Navelgas Gold Belt—Valledor and Sierra Alta—and the Nueva Celti copper project in Andalusia.

This news release contains forward‑looking statements that involve substantial known and unknown risks and uncertainties. Actual results may differ materially. The forward‑looking information includes, but is not limited to, the completion and timing of the consolidation and debt settlement, approval by the TSXV and shareholders, the expected benefits of those transactions, and the company’s future plans. While Western Metallica believes its assumptions are reasonable, no assurance can be given that the events will occur as projected.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261029042179/en/

gduras@westernmetallica.com

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