Enerev5 Metals Inc. Announces Upsize to its Non-Brokered Private Placement to $445,000 and Upsize to its Securities-for-Debt Transaction to $201,000

(TheNewswire)

Toronto, Ontario – January22, 2026 –TheNewswire - Enerev5 Metals Inc.(TSX-V: ENEV) (“Enerev5” or the “Company”) is announces thatit is increasing the size of the non-brokered private placement (the“Offering”) and securities for debt transaction (the “Debt Settlement”) first announced January 19,2026. Pursuant to the amended terms of the Offering, the Company nowintends to offer up to 44,500,000 units (the “Units”) at a priceof $0.01 per Unit for gross proceeds of up to $445,000. Each Unit willconsist of one common share of the Company (the “Shares”) and oneShare purchase warrant (the “Warrant”). Each Warrant will entitle theholder, to acquire one Share at an exercise price of $0.05 per Warrantfor a period of five years following the closing date of the Offering.The proceeds of the Offering will be used for general corporate andworking capital purposes and project review and acquisitioncosts.

Pursuant to the amended terms of the Debt Settlement,the Company now intends to settle up to $200,920 in liabilitiesthrough the issuance of up to 20,092,000 Units at a price of $0.01 perUnit. Non-Arm’s Length Parties (as that term is defined in thepolicies of the TSX Venture Exchange (the “Exchange”)) thatparticipate in the Debt Settlement shall settle eligible debt throughthe issuance of Shares at a price of $0.01 per Share.

Completion of the Debt Settlement will be subject tocustomary closing conditions, including the receipt of all necessaryapprovals including that of the Exchange. All securities issued andissuable will be subject to a statutory hold period of four months andone day, in accordance with applicable Canadian securities laws. TheCompany may pay a commission to eligible finders in connection withthe Offering and in compliance with applicable laws and subject toExchange approval.

This news release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities describedin this news release in the United States. The securities offered havenot been and will not be registered under the United States SecuritiesAct of 1933, as amended, and may not be offered or sold in the UnitedStates absent registration or applicable exemption from theregistration requirements.

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 exploration in northeastern Nevada andcontinues to evaluate additional opportunities in high-potentialjurisdictions to support its long-term growth objectives.

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 notstatements of historical fact and may be forward-looking statements.Forward-looking statements include, but are not limited to, statementsregarding: completion of the Offering and the Debt Settlement on theterms announced or at all, the use of proceeds from the Offering, thetiming 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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