Vancouver, British Columbia--(Newsfile Corp. - August 4, 2026) - Scotia Metals Corp. (CSE: SMET) (the "Company" or "Scotia Metals") is pleased to announce that, further to its news release dated July 28, 2026, and in connection with the completion of its business combination with Scotia Lithium Corp. (the "Transaction"), the common shares in the capital of the Company (the "Company Shares") shall resume trading on the Canadian Securities Exchange (the "CSE") on August 4, 2026, under the symbol "SMET".

Following closing of the Transaction, the Company has: (i) 45,353,041 Company Shares issued and outstanding; (ii) up to 6,500,000 Company Shares reserved for issuance upon exercise of 6,500,000 warrants of Scotia Lithium Corp. outstanding; and (iii) up to 1,175,000 Company Shares reserved for issuance upon exercise of 1,175,000 options outstanding.

For further information, please refer to the Company's filings, including the CSE Form 2A – Listing Statement dated July 29, 2026 (the "Listing Statement"), filed by the Company under its SEDAR+ profile at www.sedarplus.ca on July 31, 2026.

About Scotia Metals

Scotia Metals is in the business of acquiring and developing Lithium and other battery metals projects.

The Acadia Project comprises a large, 100%-owned land package of approximately 1,200 km² across 109 mineral licences, securing over 100 km of prospective lithium pegmatite strike in western Nova Scotia. The ground is strategically located along strike from Champlain Mineral Ventures' Brazil Lake Lithium Project and immediately south of the former East Kemptville Tin Mine. The area is highly underexplored, with multiple priority targets identified within the Silurian White Rock Formation where coarse-grained pegmatites are associated with the South Mountain Batholith. The project benefits from excellent infrastructure, including access to ports, power, roads, and proximity to Halifax and its international airport.

Forward-Looking Statements

Certain statements in this press release, including future opportunities for the Company, future financial performance and condition, guidance and any other statements regarding the Company's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are "forward-looking" statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words "anticipate," "believe," "ensure," "expect," "if," "intend," "estimate," "probable," "project," "forecasts," "predict," "outlook," "aim," "will," "could," "should," "would," "potential," "may," "might," "likely," "plan," "positioned," "strategy," and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements include, but are not limited to, statements regarding the resumption of trading of Company Shares on the CSE, and the Company's strategies, expectations, planned operations, or future actions, and other statements that are not historical facts.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the effects of the business combination of the Company and Scotia Lithium, including the combined company's future financial condition, results of operations, strategy and plans; changes in capital markets and the ability of the combined company to finance operations in the manner expected; the risk of changes in governmental regulations or enforcement practices; the effects of commodity prices; and the risks of mining activities. Additional factors that could cause actual results to differ materially from those described above can be found in the Listing Statement, which is available under the Company's SEDAR+ profile at www.sedarplus.ca.

All forward-looking statements speak only as of the date they are made and are based on information available at that time. The Company does not assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by applicable securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307585

Source: Scotia Metals Corp.