Armory Mining Provides Update on the Candela II Lithium Brine Project, Incahuasi Salar, Argentina

(TheNewswire)

V ancouver, B.C. – TheNewswire - December 1, 2025 – Armory MiningCorp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the" Company " or " Armory ") a resource exploration companyfocused on the discovery and development of minerals critical to theenergy, security and defense sectors, is pleasedto provide an update on its Candela II lithiumbrine project located in the Incahuasi Salar, Salta Province,Argentina.

The Company is planning to pursue a scoping study whichwill enhance development of the Candela II project.  The goal of ascoping study is to evaluate both technical viability and economicpotential of the deposit.  The project has been advanced by theCompany with exploration drilling and has an inferred resource of457,000 tonnes of lithium carbonate in-situ. This resource estimatewas completed by WSP Australia*. The current lithium carbonate priceis $13,401 per ton for 99.5% battery grade, as of November 17,2025.

The study will assist in providing a preliminaryestimate of technical and economic factors, including potentialproduction, resource expansion, capital costs, and operating costs, inaddition to risk factors and the assessment of both current market conditions and future commodity projections. The study also addresses environmental impacts and legal/regulatoryrequirements.

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 26 th , 2023).

Technical information in this news release has beenpreviously published and was reviewed and approved at the time byPhillip Thomas, BSc Geol MBM, FAusIMM (CPVal), MAIG who is a QualifiedPerson under the definitions established by the National Instrument43-101.

About Armory Mining Corp

Armory Mining Corp. is a Canadian exploration companyfocused on minerals critical to the energy,security and defense sectors. The Company controls a 100% interest inthe Ammo antimony-gold project located in Nova Scotia; an 80% interestin the Candela II lithium brine project located in the IncahuasiSalar, Salta Province, Argentina; and an option to acquire a 100%interest in the Riley Creek antimony-gold project located in HaidaGwaii, British Columbia.

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 materiallyfrom those expressed or implied in these statements due to variousfactors, including, but not limited to, political and regulatory risksin Canada, operational and exploration risks, market conditions, andthe availability of financing. Readers are cautioned not to placeundue reliance on forward-looking statements, which are made as of thedate of 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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