Enerev5 Metals completes securities-for-debt transaction

  Toronto, Ontario – TheNewswire - June 15, 2026 – Enerev5 Metals Inc. (TSX-V: ENEV) (“Enerev5” or the “Company”) announces that, further to its news release of January 22, 2026, it has completed a securities-for-debt transaction (the “ Transaction ”), pursuant to which it has settled $200,920 in liabilities through the issuance of 10,175,923 common shares in the capital of the Company (“ Shares ”) at a price of $0.01 per Share and 9,537,000 units (“ Units ”) at a price of $0.01 per Unit. Each Unit consisted of one Share and one Share purchase warrant (the “ Warrant ”), with each Warrant entitling the holder to acquire one Share at an exercise price of $0.05 per Warrant for a period of five years following the date of issuance. The purpose of the Transaction was to preserve cash.   Completion of the Transaction is subject to customary closing conditions, including the receipt of all necessary approvals including that of the TSX Venture Exchange (“ TSXV ”).

All securities issued and issuable will be subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws.   Errol Farr, a director, the CEO, and CFO of the Company settled $70,000 of debt as part of the Transaction, and Michael Cachia, a director of the Company, (together with Mr. Farr, the “ Insiders ”) settled $33,750 of debt as part of the Transaction. The Insiders are Non-Arm’s Length Parties (as that term is defined in the policies of the TSXV) and in accordance with the policies of the TSXV, they received only Shares in connection with the settlement of their debt. In addition, their participation in the Transaction constitutes "related party transactions" of the Company for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

The Company is relying on the exemptions from the formal valuation and minority approval requirements found in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of Transaction (as it relates to the Insiders’ participation) is not more than 25% of the Company's market capitalization.   This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.   About Enerev5 Metals Inc. Enerev5 Metals Inc. (TSX-V: ENEV) is a Canadian exploration company focused on the identification and development of critical battery metals projects in stable, mining-friendly jurisdictions. The Company’s strategy is to build a portfolio of early-stage assets that have the potential to supply ethically-sourced metals essential to the global transition to clean energy.