Armory Mining Provides Corporate Update

(TheNewswire)

Vancouver, B.C. – January 19, 2026– TheNewswire - Armory Mining Corp.(CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the "Company" or"Armory") a resource exploration company focused on the discovery anddevelopment of minerals critical to the energy, security and defensesectors, is pleased to provide an update on exploration activityscheduled through Q2, 2026.

Ammo Gold-Antimony Project

In December 2025 the Company announced it has engagedCastello Q Exploration Corp to carry out an initial phase one workprogram at its 100% owned Ammo Antimony-Gold project, located in NovaScotia, Canada.

Ammo is 3,092-hectare exploration package thatcompletely surrounds and is contiguous to the historical West Goreantimony-gold mine.  West Gore produced both antimony and gold in theyears leading up to World War I.  The ground has since changed handsmultiple times, and is currently held by Military Metals Corp.

West Gore was a significant producer during World WarOne, with production shipped to England.  Records document nearly32,000 metric tons of production between 1914-1917, yielding over7,000 metric tons of antimony concentrate grading 46%.
Total gold recovered up to 1917 was 6,861 ounces. Limited work wasconducted in the 1950s, 1960s, and 1980s by several companies alongwith the Nova Scotia government*.

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Figure 1: Map showing Armory’sAmmo Project surrounding the historical West Gore antimony-goldmine

The initial work program is expected to consist of datacompilation, prospecting and reconnaissance, to identify favorablegeology, followed by detailed surface sampling and geophysics todetermine priority drill targets. The Company plans to budget up to$656,000 CDN for the initial phase of exploration.  

Preliminary work is underway regarding data collectionand analysis.  The Company will provide an update on the proposedwork programs over the next few weeks.

* Source: NI 43-101 Technical Report,Battery Metals Corp, Mark S.King, P. Geo., Michael C. Corey, P. Geo., May 25, 2021

Note: The Company considershistorical data at West Gore to be relevant. Readers are cautionedthat the Company has not independently verified the information, andnotes that the mineralization on this property may not be indicativeof the mineralization on the Company’s property.

Candela II Lithium Deposit

The Company also issued an update in early December2025, regarding its Candela II lithium brine project located in theIncahuasi Salar, Salta Province, Argentina.

The Company is moving forward on a scoping study whichwill enhance development of the Candela II project.  A scoping studywill evaluate both technical viability and economic potential of thedeposit.  The project has been advanced by the Company withexploration drilling and has an inferred resource of 457,000 tonnes oflithium carbonate in-situ. This resource estimate was completed by WSPAustralia*.  

The current lithium carbonate price is up 30% since thestart of the year to a new two-year high, which brings thesignificance of the project into focus, and priority, forArmory.

The location of the project is within what is referredto as the ‘Lithium Triangle”, a section of South America thatstretches among Bolivia, Chile and Argentina. Ganfeng Lithium, China’s largest producer of the battery metal, hasthe adjacent concession to Candela II, and a production wellapproximately 9.8km away.  Rio Tinto and Power Minerals (PNN) arealso located nearby.

*The Candela II Lithium BrineProject contains a National Instrument 43-101 mineral resourceestimate (“MRE”) completed by WSP Australia Pty. Ltd. (see SpeyResources Corp. news dated September 26th, 2023).   

Technical information in this news release regardingCandela II has been previously published and was reviewed and approvedat the time by Phillip Thomas, BSc Geol MBM, FAusIMM (CPVal), MAIG whois a Qualified Person under the definitions established by theNational Instrument 43-101.

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration companyfocused on minerals critical to the energy, security and defensesectors. The Company controls an 80% interest in the Candela IIlithium brine project located in the Incahuasi Salar, Salta Province,Argentina. In addition, the Company controls 100% interest in both theAmmo antimony-gold project located in Nova Scotia and the Riley Creekantimony-gold project located in British Columbia.

Qualified Person

Harrison Cookenboo, Ph.D., P. Geo., an independentQualified Person as defined by National Instrument 43-101 Standards of Disclosure for MineralProjects, has reviewed and approved thetechnical contents of this news release.

Contact Information

Alex Klenman

CEO & Director

alex@armorymining.com

Neither the Canadian SecuritiesExchange nor its Market Regulator (as the term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy of accuracy of this news release.   This news release does not constitute anoffer to sell or a solicitation of an offer to buy nor shall there beany sale of any of the Company’s securities in any jurisdiction inwhich such offer, solicitation or sale would be unlawful, includingany of the securities in the United States of America. The Company’ssecurities have not been and will not be registered under the UnitedStates Securities Act of 1933, as amended (the "1933 Act")or any state securities laws and may not be offered or sold within theUnited States or to, or for account or benefit of, U.S. Persons (asdefined in Regulation S under the  1933 Act) unless registered underthe  1933 Act  and applicable  state  securities  laws, or anexemption from such registration requirements is available.

Forward-looking statements:

This press release contains certainforward-looking statements, including statements regarding theintended use of funds. The words "expects,""anticipates," "believes," "intends,""plans," "will," "may," and similarexpressions are intended to identify forward-looking statements.Although the Company believes that its expectations as reflected inthese forward-looking statements are reasonable, such statementsinvolve risks and uncertainties. Actual results may differ materially from thoseexpressed or implied in these statements due to various factors,including, but not limited to, political and regulatory risks inCanada, operational and exploration risks, market conditions, and theavailability of financing. Readers are cautioned not to place unduereliance on forward-looking statements, which are made as of the dateof this release. The Company undertakes no obligation to publiclyupdate or revise any forward-looking statements, whether as a resultof new information, future events, or otherwise, except as required byapplicable securities laws.

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