Metalite Resources Announces Board Changes to Drive Strategic Focus on Uranium

(TheNewswire)

Toronto, ON, January 8, 2025 – TheNewswire - Metalite Resources Inc. (CSE:METL) (OTC:JNCCF)(Frankfurt:D68) (" Metalite " or the " Company ") announces changes to its board of directors aspart of its strategic pivot towards the uranium sector.

Jeremy Goldman has resigned from the board ofdirectors, effective January 8 th , 2025, to makeway for Bill van Breugel, whose extensive expertise in mineralexploration aligns with Metalite’s strategic focus. The Companyexpresses its deep gratitude to Mr. Goldman for his valuable serviceand contributions.

Bill van Breugel has been appointed to the board,effective January 8 th , 2025. With over 40 years of experience inthe mining industry, Mr. van Breugel brings a wealth of expertise, hisimpressive career includes senior roles such as Senior Mine Engineerfor Cameco’s Cigar Lake project and Kinross Gold’s Hoyle Pondproject, Engineering Lead for BHP’s Jansen Project, and ProjectManager for Goldcorp and Star Diamond Corporation.

“Mr. van Breugel’s extensive background in miningengineering strengthens Metalite’s ability to execute on itsstrategic vision to capitalize on the growing global demand fornuclear energy,” stated Chris Hazelton, CEO of Metalite. “Hisappointment marks a key milestone as Metalite makes strides to focuson uranium to fuel the future of clean energy.”

Metalite remains committed to advancing its strategicgoals and is confident that the refreshed board composition willposition the Company for success in the uranium sector.

Update on Shareholder Meeting

Due to Canadian postal strike, Metalite’s annualshareholder meeting has been rescheduled to February 7 th , 2025.Metalite appreciates shareholders’ understanding and patience duringthis time. The meeting materials will be postedunder Metalite's profile on www.sedarplus.ca .

About Metalite Resources Inc.

Metalite Resources Inc. is a Canadian junior mineralexploration issuer with a precious metals focused project in NSW,Australia. Metalite entered into a letter of intent to acquire a 100%interest in Lyra Mining Corp, a private company which owns a 100%interest in two uranium projects: Elliot Lake North Project – hometo one of only two uranium mines in Ontario; and Aerobus Lake Project,which is comprised of an extensive claim package in Ontario's Kenoradistrict, featuring multiple geophysical and geochemical anomalies.Lyra's aggregate property footprint is comprised of 290 ClaimsCovering 6,960 hectares.

Contact Information

Metalite Resources Inc.

Chris Hazelton, CEO

(647) 660-8718

info@metaliteresources.com

Forward-LookingStatements

This news release contains certain"forward-looking statements." All statements, other thanstatements of historic fact, that address activities, events ordevelopments that Metalite believes, expects or anticipates will or may occur in thefuture are forward-looking statements. Forward-looking statements areoften, but not always, identified by the use of words such as"seek," "anticipate," "believe,""plan," "estimate, “expect," and"intend" and statements that an event or result"may," "will," "can,""should," "could," or "might" occur orbe achieved and other similar expressions. These forward-lookingstatements reflect the current expectations or beliefs of Metalitebased on information currently available to Metalite. Forward-lookingstatements are subject to a number of risks and uncertainties that maycause the actual results of Metalite to differ materially from thosediscussed in the forward-looking statements, and even if such actualresults are realized or substantially realized, there can be noassurance that they will have the expected consequences to, or effectson Metalite. Forward looking statements in this press release includestatements regarding the Company's planned move to the uranium sectorand the proposed transactions with Lyra Mining Corp. and the timingthereof. Factors that could cause actual results or events to differmaterially from current expectations include, among other things,failure to obtain all necessary approvals for the completion of thetransactions discussed herein. Any forward-looking statement speaksonly as of the date on which it is made and, except as may be requiredby applicable securities laws, Metalite disclaims any intent orobligation to update any forward-looking statement, whether as aresult of new information, future events or results or otherwise.Although Metalite believes that the assumptions inherent in theforward-looking statements are reasonable, forward-looking statementsare not guarantees of future performance and accordingly unduereliance should not be put on such statements due to the inherentuncertainty therein.

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release, and have in no waypassed upon the merits of the proposed transactions and has neitherapproved nor disapproved the contents of this news release.

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