Scandium Canada Announces that Mr. Jeff Swinoga has Joined its Board of Directors as Chairman

(TheNewswire)

February 4, 2026 – TheNewswire - MONTREAL, QUEBEC – Scandium Canada Ltd.(TSX-V: SCD) (the "Company") ispleased to announce the return of Mr. Jeff Swinoga, CPA, CA, MBA, asdirector and has been named as Chairman of the Board, effectiveWednesday, February 4, 2026. Mr. Swinoga previously served as Chairmanfrom October 2021 to May 2025, a period during which the Companytransitioned from Imperial Mining Group to Scandium Canada andadvanced the Crater Lake project through its updated resourceestimation and metallurgical testing phases.

Mr. Swinoga is a highly respected mining executive withover 25 years of experience in capital markets, project advancement,development and mine construction, successfullyguiding companies through all stages of their evolution, fromexploration to commercial production.

He notably served as Chief Financial Officer of TorexGold Resources, where he led the US$400 million financing for the ElLimon-Guajes gold mine in Mexico, and as Chief Financial Officer ofHudBay Minerals, contributing to its growth to a market capitalizationexceeding $2 billion. Mr. Swinoga also spent seven years at BarrickGold Corporation as a senior officer responsible for projectfinancing. He currently serves on the boards of other Canadian publicmining companies, President of Hive Advisory and serves on the boardof PDAC.

"It is a great privilege to return to the ScandiumCanada board," stated Jeff Swinoga, Chairman of the Board."Having witnessed the Company's evolution firsthand over thepast several years, I remain convinced of the exceptional potential ofthe Crater Lake project and the strategic vision of the managementteam. I look forward to supporting the Company through its nextcritical phase toward production."

"We are delighted to welcome Mr. Swinoga back asChairman," said Guy Bourassa, Chief Executive Officer of ScandiumCanada. "His deep knowledge of our project, combined with hisextensive experience in financing and development, will be invaluableas we continue advancing the Crater Lake project and development ofour Al-Sc alloys through our Scandium+ division."

ABOUT SCANDIUM CANADA LTD.

Scandium Canada (TSX-V: SCD) is apublic company whose ultimate goal is to bring the world'sleading primary source of scandium into production, enabling thedevelopment and commercialization of aluminum-scandium (Al-Sc) alloys.The Corporation is leveraging its Al-Sc alloy development subsidiaryand the development of its Crater Lake mining project to meet thegrowing need for lighter, greener, longer-lasting, high-performancematerials. The Corporation aims to become a market leader in scandium,while committing itself to building a more responsible economy throughinnovation and agility.

FORWARD-LOOKING STATEMENTS

All statements in this press releaseand generally the paragraph “About Scandium Canada Ltd.” above,which essentially describes the Company's prospects, constitute“forward-looking information” or “forward-looking statements”within the meaning of applicable securities laws and are based onexpectations, estimates, and projections made as of the date of thispress release.

Forward-looking statements arenecessarily based upon a number of estimates and assumption that,while considered reasonable by the Corporation as of the time of suchstatements, are inherently subject to significant business, economicand competitive uncertainties, and contingencies. These estimates andassumption may prove to be incorrect. Many of these uncertainties andcontingencies can directly or indirectly affect, and could cause,actual results to differ materially from those expressed or implied inany forward-looking statements and future events, could differmaterially from those anticipated in such statements. A description ofassumptions used to develop such forward-looking information and adescription of risk factors that may cause actual results to differmaterially from forward-looking information can be found in theCorporation’s disclosure documents on the SEDAR+ website atwww.sedarplus.ca.

By their very nature,forward-looking statements involve inherent risks and uncertainties,both general and specific, and risks exist that estimates, forecasts,projections and other forward-looking statements will not be achievedor that assumptions do not reflect future experience. Forward-lookingstatements are provided for the purpose of providing information aboutmanagement’s endeavors to develop the Crater Lake project, and, moregenerally, its expectations and plans relating to the future. Readersare cautioned not to place undue reliance on these forward-lookingstatements as a number of important risk factors and future eventscould cause the actual outcomes to differ materially from the beliefs,plans, objectives, expectations, anticipations, estimates, assumptionsand intentions expressed in such forward-looking statements. All ofthe forward-looking statements made in this press release arequalified by these cautionary statements and those made in our otherfilings with the securities regulators of Canada. The Corporationdisclaims any intention or obligation to update or revise anyforward-looking statement or to explain any material differencebetween subsequent actual events and such forward-looking statements,except to the extent required by applicable law.

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.

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