Highlights:

• Integrated surface assay, metallurgical sampling and first modern definition drilling program designed to support data validation and planning for an initial Mineral Resource Estimate under National Instrument 43-101. 

• In the first phase of diamond drilling, the Company has surveyed drill trail access and 8 drill sites across the northern 600 m of the Everett oxide body's strike length, representing 25% of the total surface exposure of the oxide body. 

• The Company’s Everett titanium-vanadium-phosphate project in Québec is being advanced as a potential North American source of titanium-bearing mineral feedstock, with additional potential value streams associated with vanadium and apatite-hosted phosphate.  

Vancouver, British Columbia – TheNewswire - June 3, 2026 – North Atlantic Titanium Corp. (CSE: NATO) (OTCPK: NATQ.F) (FSE: Y33) (“North Atlantic Titanium,” or the “Company”) is pleased to announce that it is advancing final planning for an integrated surface sampling and definition drilling program at its Everett titanium project (“Everett”), located near Havre-Saint-Pierre, Québec.

The planned program is designed to move Everett from historical exploration, recent mineralogical characterization and surface exposure sampling toward a modern, spatially controlled geological, geochemical and geometallurgical dataset. The work is expected to support future drill targeting, validation of historical drilling and planning for an initial Mineral Resource Estimate under National Instrument 43-101.

Program Objectives:

• Systematic surface sampling planned across priority oxide exposures at Everett, with initial work focused on the northern portion of the exposed oxide body, where access and historical datasets provide a strong foundation for modern verification.  

• Tight-grid assay and representative metallurgical sampling are planned to assess titanium, vanadium, iron and phosphate distribution, as well as geological and mineralogical variability across the hemo-ilmenite and apatite-bearing mineralized system.  

• First modern definition diamond drill program under planning, designed to validate historical drilling, confirm geometry and continuity of the mineralized body, collect modern assay and density data, and provide fresh core for mineralogical and metallurgical test work.  

• Drilling objectives include validation and resource-readiness, including surveyed collars, modern logging, systematic sampling, chain-of-custody procedures, QA/QC protocols and collection of representative material for density and metallurgical variability testing.  

• Program follows recent Corem and Elements08 work, which supports a geometallurgical approach focused on titanium-vanadium-bearing hemo-ilmenite and apatite-hosted phosphorus.  

• Technical report and drill planning advancing in parallel, with final drill collar locations, azimuths, dips, planned depths, contractor selection and commencement timing to be disclosed once finalized.  

Planned Everett Field Program

The upcoming Everett field program is intended to establish the modern surface-control dataset required to support definition drilling. Work is expected to include geological mapping, structural observations, representative bedrock sampling, assay sampling, density sampling and metallurgical sample collection across priority exposures of the Everett oxide body.

The Company expects to prioritize spatially controlled sampling that can be directly integrated with historical maps, historical drill data, recent mineralogical work and planned drill collar positioning. The program will also collect material for ongoing metallurgical evaluation, including variability work intended to assess concentrate quality, liberation characteristics, impurity deportment and the potential recovery of titanium, vanadium, iron and phosphate value streams.

Samples will be collected under the supervision of the Company’s technical team and submitted to accredited laboratories in accordance with documented chain-of-custody procedures. The Company expects to release assay and metallurgical results as they are received, validated and interpreted.

Planned Validation Diamond Drilling

Following completion of surface sampling, access confirmation, and final technical review, North Atlantic Titanium plans to advance a first modern-definition diamond drill program at Everett.

In the first phase of diamond drilling, the Company has surveyed drill trail access and 8 drill sites across the northern 600 m of the Everett oxide body's strike length.

The program is expected to test the principal hemo-ilmenite-bearing noritic gabbro body and selected priority areas identified through the integrated surface program. Initial drilling is expected to focus on confirming the mineralized geometry, validating historical drill results, assessing grade continuity, and collecting core for modern assay, density, mineralogical, and metallurgical purposes.

Management Commentary

“Everett benefits from substantial historical work, recent mineralogical analysis and excellent regional infrastructure,” said Dwayne Yaretz, CEO and Director of North Atlantic Titanium. “Our next step is to convert that foundation into a modern, decision-ready technical dataset. The planned surface sampling and definition drilling are designed to validate historical work, confirm continuity and collect the assay, density, QA/QC and metallurgical data needed to advance Everett toward an initial mineral resource framework.”

Mr. Yaretz continued: “This is a disciplined, staged program. Surface work will sharpen drill targeting and provide representative material for metallurgical testing. At the same time, drilling will deliver the modern core data needed to assess grade, thickness, geometry and processing variability across the system.”

 

Technical Rationale

The planned Everett program is being designed as a geometallurgical advancement program rather than a conventional grade-only exploration program. The Company expects to integrate surface assay data, bedrock geology, mineral assemblage, density data, historical drill information and metallurgical variability information into a single technical model.

This approach is intended to support the Company’s evaluation of Everett as a potential integrated titanium-vanadium-phosphate project, while also addressing the requirements for modern data verification and future NI 43-101 resource work.

About the Everett Titanium Project

Everett is located near Havre-Saint-Pierre in Québec’s Côte-Nord region, within the broader Grenville Province anorthosite terrain known for large iron-titanium oxide systems. The project is accessible by road and is located within a region with established industrial, port and hydroelectric infrastructure.

Everett is interpreted as an anorthosite-associated, hemo-ilmenite-bearing Fe-Ti oxide system with associated potential for vanadium and phosphate. Historical exploration included drilling, geological work and metallurgical studies; however, the Company cautions that historical drilling and any historical estimates are not current mineral resources and require modern confirmation through drilling, sampling, density determination, QA/QC and resource estimation under current standards.

Qualified Person

Julien Davy, P.Geo., M.Sc., MBA, independent consultant and a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.

About North Atlantic Titanium Corp.

North Atlantic Titanium Corp. is a Canadian publicly traded exploration company focused on advancing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The Company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Québec.

For more information, please visit www.natitanium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

For more information, please visit our website at www.natitanium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Yaretz, CEO
North Atlantic Titanium Corp.
Phone: 778-709-3398
Email: info@natitanium.com
Website: www.natitanium.com

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding: the Company’s planned surface sampling, assay sampling, metallurgical sampling and definition drilling program at the Everett Titanium Project; the expected scope, timing, objectives and results of such work; the potential for the program to support validation of historical drilling, modern geological modelling and planning for an initial Mineral Resource Estimate; the expected collection of assay, density, mineralogical, metallurgical and QA/QC data; the interpretation that Everett may represent an integrated titanium-vanadium-phosphate opportunity; the potential recovery or value of titanium, vanadium, iron and phosphate streams; the timing of disclosure of drill locations, planned depths and contractor selection; and the Company’s broader plans for exploration, metallurgical testing and technical reporting.

Forward-looking information is based on the current expectations, estimates, forecasts, beliefs and assumptions of the Company’s management. Such information is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks include, but are not limited to: sampling and drilling may not confirm historical interpretations; historical drilling and historical estimates may not be validated by modern work; geological, geochemical, density, mineralogical or metallurgical interpretations may prove incorrect; the Company may not obtain required permits, access, contractors, financing or equipment on acceptable terms or within expected timelines; assay and metallurgical results may be delayed or may not support future resource estimation or economic evaluation; no current mineral resource has been established at Everett; future metallurgical work may not demonstrate recoverable or saleable products; weather, seasonal access, environmental, community, regulatory or logistical conditions may delay or prevent planned work; commodity prices and capital markets may change adversely; and general economic, business and market conditions may deteriorate.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except as required by applicable securities laws.