Enerev5 Metals Inc. Announces the Appointment of Douglas Flett as Director and Adoption of Long Term Incentive Plan

(TheNewswire)

Toronto, Ontario – TheNewswire - February 12,2026 – Enerev5 Metals Inc. (TSX-V: ENEV)(“Enerev5” or the “Company”) is pleased to announce theappointment of Douglas M. Flett, J.D. to the board of directors of theCompany.

Mr. Flett is a lawyer and mining executive with morethan two decades of board experience in the resource sector. He hasserved as a director of Canada Chrome Company (formerly KWG ResourcesInc.) since 2006 and as a director of Silver Elephant Mining Corp.since 2023. He is a former director of Debut Diamonds Inc. andTartisan Nickel Corp. Mr. Flett holds a law degree from the Universityof Windsor and previously operated his own corporate-commercial andreal estate law firm. He also completed the Rotman Institute ofCorporate Directors SME Program, with a focus on corporate governanceand board oversight.

The addition of Mr. Flett enhances Enerev5’s boardwith extensive legal, governance, and mining industry experience asthe Company advances its strategic growth initiatives.

Errol Farr, Chief Executive Officer of Enerev5,commented, “We are pleased to welcome Doug to the board. Hisappointment enhances the depth and experience of our team at acritical stage in the Company’s growth, including the Nevadalithium-in-clay acquisition, positioning Enerev5 to deliver long-termvalue for our shareholders.

Enerev5 also announces that it has adopted a new longterm incentive plan (the “LTIP”) by the board of directors of theCompany, subject to approval by the holders of the common shares ofthe Company (the “Shareholders”). The LTIP will be presentedto the Shareholders at the Company’s meeting of Shareholders (the“Meeting”) to be held on March 23, 2026 atthe offices of Peterson McVicar LLP located at 1601-110 Yonge Stret,Toronto ON M5C 1T4. If approved by the Shareholders at the Meeting,the LTIP will supersede and replace the stock option plan mostrecently approved by the Shareholders at the meeting of Shareholdersheld on September 25, 2023 (the “2023 SOP”). TheLTIP provides for the issuance of stock options, deferred share unitsand restricted share units on a “rolling” basis whereby up to amaximum of 10% of the issued and outstanding Common Shares of theCorporation may reserved for grants.

About Enerev5 Metals Inc.

Enerev5 Metals Inc. (TSX-V: ENEV) is a Canadianexploration company focused on the identification and development ofcritical battery metals projects in stable, mining-friendlyjurisdictions. The Company’s strategy is to build a portfolio ofearly-stage assets that have the potential to supply ethically-sourcedmetals essential to the global transition to clean energy. Enerev5 iscurrently advancing lithium and other critical metal exploration innortheastern Nevada and continues to evaluate additional opportunitiesin high-potential jurisdictions to support its long-term growthobjectives.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

For further information please contact:

Enerev5 Metals Inc.

Errol Farr, President and CEO

Email: efarr001@icloud.com

Tel: 647-296-1270

Forward-Looking Statements

This news release contains“forward-looking statements” or “forward-looking information”(collectively, “forward-looking statements”) within the meaning ofapplicable securities legislation. All statements, other thanstatements of historical fact, are forward-looking statements and arebased on expectations, estimates and projections as of the date ofthis news release. Any statements that express or involve discussionswith respect to predictions, expectations, beliefs, plans,projections, objectives, assumptions or future events or performance(often, but not always, identified by words or phrases such as“expects”, “is expected”, “anticipates”, “believes”,“plans”, “projects”, “estimates”, “assumes”,“intends”, “strategy”, “goals”, “objectives”,“forecasts”, “budget”, “schedule”, “potential”,“possible” or variations thereof or stating that certain actions, events,conditions or results “may”, “could”, “would”,“should”, “might” or “will” be taken, occur or beachieved, or the negative of any of these terms and similarexpressions) are not statements of historical fact and may beforward-looking statements. Forward-looking statements include, butare not limited to, statements regarding: the appointment as DougFlett as a director; the adoption of the new long term incentiveplan;, the timing and content of upcoming work programs; geologicalinterpretations; timing of the Company’s exploration programs; andestimates of market conditions.

Forward-looking statements aresubject to a variety of known and unknown risks, uncertainties andother factors that could cause actual events or results to differ fromthose expressed or implied by forward-looking statements containedherein. There can be no assurance that such statements will prove tobe accurate, as actual results and future events could differmaterially from those anticipated in such statements. Certainimportant factors that could cause actual results, performance orachievements to differ materially from those in the forward-lookingstatements include, among others: general economic conditions inCanada and globally; industry conditions; governmental regulation ofthe mining industry, including environmental regulation; geological,technical and drilling problems; unanticipated operating events;competition for and/or inability to retain drilling rigs and otherservices; the availability of capital on acceptable terms; the need toobtain required approvals from regulatory authorities; stock marketvolatility; volatility in market prices for commodities; liabilitiesinherent in the mining industry; changes in tax laws and incentiveprograms relating to the mining industry. This list is not exhaustiveof the factors that may affect the Company’s forward-lookingstatements. There may be other factors that could cause actual eventsor results to differ from those expressed or implied byforward-looking statements contained herein.

Forward-looking statements arenecessarily based upon a number of factors and assumptions that, ifuntrue, could cause actual events or results to differ from thoseexpressed or implied by forward-looking statements contained herein.Forward-looking statements are based upon a number of estimates andassumptions that, while considered reasonable by the Company at thistime, are inherently subject to significant business, economic andcompetitive uncertainties and contingencies that may cause theCompany’s actual financial results, performance, or achievements tobe materially different from those expressed or implied herein.

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