Metal Energy Announces Corporate Update

Press Release

Toronto, Ontario – March 23, 2026 – Metal Energy Corp. (the “Company” or “Metal Energy”) (MERG: TSXV; MEEEF: OTCQB) is pleased to announce that. Alexander Stewart has resigned from his position as Director of the Company. The Company wishes to thank Alexander for his dedicated service and contributions.

The Board of Directors is also pleased to announce that Colin Samples has been appointed as an independent Director, effective immediately.

Colin brings a background in business development, operations, and stakeholder engagement,. He has been involved in project development, transaction processes, strategic growth initiatives and has founded and exited private businesses.

Colin has experience working with BC Hydro on capital infrastructure and stakeholder engagement initiatives and is a member of the Cook’s Ferry Indian Band in British Columbia. His regional familiarity and stakeholder experience are expected to support the Company’s ongoing activities in British Columbia.

“Colin brings a strong combination of business development experience and stakeholder engagement expertise,” said Stephen Stewart, Chairman of Metal Energy. “His familiarity with British Columbia and experience working with Indigenous communities will be valuable as we continue to advance our projects.”

Mr. Samples commented, “I am pleased to join the Board of Metal Energy and look forward to supporting the Company’s continued growth. I am excited to work with the team as we advance the Company’s portfolio of projects.”

The appointment remains subject to final approval of the TSX Venture Exchange.

About Metal Energy

Metal Energy Corp. (TSXV: MERG, OTCQB: MEEEF) is a critical metals exploration company focused on copper and gold assets in Canada.

For further information, please contact:

Metal Energy Corp.
MERG on the TSXV
info@oregroup.ca
www.metalenergy.ca

Stephen Stewart, Chairman
416.644.1567

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