Metalite Secures Renewal of Antimony-Rich Arthurs Seat Project in NSW

(TheNewswire)

Toronto, ON – TheNewswire- Tuesday, July 29, 2025 – Metalite Resources Inc. (CSE:METL)(OTC:JNCCF) (Frankfurt:D68) (" Metalite " or the" Company ") is pleased to announce thatthe Government of New South Wales, Australia, has approved the renewalof Exploration Licence EL 9144 (the “ Arthurs Seat Project ”), held by its wholly owned Australian subsidiary, GreatSouthern Precious Metals Pty Ltd. The licence has been renewed overthe full 14-unit area for a further term of two years, effective fromJuly 25, 2025 to April 30, 2027.

This renewal ensures continued access to a strategicexploration asset hosting high-grade silver, gold, and notablyantimony (Sb) mineralization. “We’re excited to move forward atArthurs Seat, especially given the exceptional sampling results we'veseen from prospects like McDonalds and Murray and Co,” said ChrisHazelton, CEO of Metalite Resources. “With global attentionintensifying on supply chains for critical minerals like antimony, theproject puts Metalite in a unique position to participate in thisgrowing market trend.”

About Metalite Resources Inc.

Metalite Resources Inc. is a Canadian junior mineralexploration issuer with a precious metals focused project in NSW,Australia.

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 ormay occur in the future are forward-looking statements.Forward-looking statements are often, but not always, identified bythe use of words such as "seek," "anticipate,""believe," "plan," "estimate,“expect," and "intend" and statements that an eventor 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 futureperformance and accordingly undue reliance should not be put on suchstatements due to the inherent uncertainty 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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