Lux Metals names Simon T. Hebert senior geological advisor

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Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - Lux Metals Corp. (TSXV: LXM) (the " Company " or " Lux ") is pleased to announce the appointment of Simon T. Hébert, a Professional Geologist registered in Quebec, as Senior Geological Advisor to the Company, effective August 10, 2026. Mr. Hébert will report to Kim-Quyên Nguyên, President and Chief Executive Officer, and will advise on geological interpretation, target generation and drill planning.

The appointment adds senior in-province technical capacity as Lux is commencing its planned 4,500-metre diamond drill program at La Grande, which is designed to test the down-plunge and along-strike extensions of the Zone 32 gold system, infill portions of the known system, and evaluate extensional targets along the shear corridor and the broader tonalite complex.

Mr. Hébert brings has spent more than 15 years exploring and working in the Eeyou Istchee James Bay territory, Nunavik and the Northwest Territories, including senior technical roles with Virginia Mines Inc. and Osisko Mining Inc. across a range of metallogenic projects, his appointment as Mining Director of the Société de développement de la Baie-James (SDBJ) in 2019, his subsequent role as General Manager of NQ Mining investment, and his current position as Vice President, Development at Brunswick Exploration. He has led exploration programs from grassroots target generation through to advanced drill planning and project development and brings deep regional relationships across the James Bay mining sector. Mr. Hébert is President of the Board of Directors of the Quebec Mineral Exploration Association. He is a registered P.Geo. as a member of the Ordre des Géologues du Quebec since 2012 and holds a bachelor's degree in geology from Université Laval.

Management Commentary

" As we move into active exploration, the most valuable thing we can add is experienced judgement on the ground in Québec. Simon brings that. He knows the La Grande Subprovince, he has designed and supervised programs of this kind before, and he will be involved in the geological interpretation and target selection that shape where we drill, " said Kim Quyên Nguyên, President and Chief Executive Officer of Lux Metals Corp.

Advisory Role and Compensation

Mr. Hébert will serve as a technical advisor to management and will not be an officer or director of the Company. Mr. Hébert is entitled to receive stock options in part of is compensation in accordance with the Company's equity incentive plan and subject to the board of directors approval.

Incentive Grants

The Company announces that a total of 1,400,000 incentive stock options and 350,000 deferred share units have been granted to newly appointed CEO and advisor and to directors and officers of the Company pursuant to the Company's Long-Term Incentive Plan. The options are exercisable for a period of five years at a price of $0.20 per share and shall vest immediately.

About Lux Metals Corp.

Lux Metals Corp. (TSXV: LXM) is a Canadian mineral exploration company focused on advancing its flagship La Grande Gold Project in Québec's James Bay region. The Project hosts the high-grade Zone 32 gold system, supported by extensive historic drilling, direct access via the four-season Trans-Taïga Road, and district-scale exploration potential. For more information, visit www.lux-metals.com .

On Behalf of the Board of Lux Metals Corp.

Kim Quyên Nguyên

President and Chief Executive Officer

For more information, please contact 604-678-5308 or info@lux-metals.com .

Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation, statements regarding the commencement date, metreage and design of the planned drilling programme, the targets to be tested, and the potential for expansion of mineralization at Zone 32. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. In making the forward-looking statements in this news release, the Company has applied several material assumptions. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312378

TMX Newsfile

September 1, 2026 - 4:00 AM PDT

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