Military Metals to Adopt Shareholder Rights Plan

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") announces that it intends to adopt a shareholder rights plan (the "Rights Plan"), subject to ratification by shareholders at the upcoming Annual General Meeting of shareholders to be held in approximately 3 months. The Rights Plan is not being adopted in response to any specific proposal to acquire control of the Company, but the Board has become aware that increased trade volume on the Company's stock exchange listings including Canada, USA and Germany has given an opportunity for any parties to acquire and accumulate shares in connection with so-called 'creeping bids', which has the potential to impact the value delivered to shareholders in connection with any such bid.

Scott Eldridge, CEO and Director, stated: "We are experiencing unprecedented times in the critical minerals sector, in light of recent hostile takeover attempts — such as the unsolicited bid by US Antimony Corp for Lorvotto Resources — our Board believes it is prudent to take proactive measures to protect our shareholders. The adoption of a shareholder rights plan underscores Military Metals Corp's commitment to ensuring that any potential change of control occurs through a fair and transparent process that maximizes value for all shareholders. We remain fully focused on advancing our strategic objectives and creating sustainable, long-term value."

The Rights Plan will grant all shareholders of the Company, excluding a hostile bidder, the right to acquire shares at a discount to the current market price. The right is intended to be attached to the shares of the Company, until such time the Rights Plan is triggered. The Rights Plan is being adopted to ensure that all shareholders are treated fairly and equally in connection with any take-over bid for the Company, and to provide the Board of Directors and shareholders with sufficient time to properly consider and evaluate any such bid, as well as to explore and develop alternatives that could maximize shareholder value.

The Rights Plan is designed to:

• Encourage the fair treatment of all shareholders in connection with any take-over bid for the Company;
• Provide the Board of Directors with adequate time to evaluate any take-over bid and explore alternatives to maximize shareholder value; and
• Prevent any person or group from acquiring control of the Company through tactics that do not treat all shareholders equally or afford them the opportunity to realize a fair premium.

The Company is not aware of any pending or threatened take-over bid at this time. The Rights Plan is intended as a prudent measure, to provide the Board with the ability to respond appropriately to any unsolicited take-over bid being conducted through private agreements, gradual or "creeping" acquisitions, or other exemptions from the take-over bid rules.

About Military Metals Corp.
The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the Company's exploration plans in relation to the entry into the Rights Plan, any future takeover bids which may trigger the Rights Plan, and shareholder approval of the Rights Plan. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Known risks include risks related to finalization of the Rights Plan with the transfer agent of the Company and willingness of shareholders to adopt such a Rights Plan, or similar risks. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates, or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271585