Fuse Battery Metals to Acquire Stake in Foggy Mountain Copper-Gold-Silver Project

Maple Ridge, BC – November 10, 2026 – Leads & Copy – Fuse Battery Metals Inc. announced it has entered into an option agreement to acquire up to an 80% interest in the Foggy Mountain copper-gold-silver project, located in north-central British Columbia.

The agreement, dated November 9, 2026, was made with Cronin Exploration Inc., David Robinson, and Kyle Hookie. The property, comprising 4,210 hectares, is situated in the Toodoggone Mining District, approximately 10 kilometres east of Centerra Gold’s Kemess Mine. The district benefits from established regional road, power, and camp infrastructure.

Historical rock sampling conducted in 2022 on the property yielded significant results, including peak values of 3.52% copper (Cu), 11.3 grams per tonne gold (Au), and 90.5 grams per tonne silver (Ag). These individual surface sample results are not necessarily representative of mineralization across the entire property.

The company noted coincident geophysical and geochemical anomalies, including anomalous copper in stream-sediment samples and copper-gold values in nearby rock samples, which provide targets for subsequent exploration.

To secure an initial 70% interest, Fuse Battery Metals must make a C$50,000 cash payment, issue 2,250,000 common shares and 1,500,000 warrants, and complete a minimum 3,500-metre drilling program within three years of the agreement's effective date. An additional 10% interest can be earned by completing a preliminary economic assessment (PEA) in accordance with NI 43-101 and making a further C$150,000 cash payment.

The option agreement is viewed as a significant growth opportunity, offering Fuse exposure to copper and gold exploration in a well-established mineral belt. The Toodoggone Mining District is known to host porphyry and epithermal mineral systems and is home to active exploration and development companies.

The Foggy Mountain Property consists of three mineral claims totalling approximately 4,210 hectares and is described as an early-stage exploration property with limited historical exploration, offering scope for systematic follow-up work. The proximity to the Kemess mine and associated regional infrastructure is noted, though no infrastructure access or operating arrangements for Foggy Mountain are implied.

Exploration potential is further supported by historical rock sampling results. Specific highlights include sample F00073673 with 3.52% Cu, 0.08 g/t Au, and 14.2 g/t Ag; sample F00070107 with 0.37% Cu, 11.3 g/t Au, and 90.5 g/t Ag; and sample F00070123 with 2.33% Cu, 8.32 g/t Au, and 43.4 g/t Ag. The company cautions that these results are from individual rock samples and do not establish the grade, continuity, or size of any potential deposit. No mineral resource or mineral reserve has been defined for Foggy Mountain.

Exploration concepts for the project include alkalic porphyry copper-gold, calc-alkalic porphyry copper-gold-silver-molybdenum, and high- and low-sulphidation epithermal gold-silver systems. Geophysical interpretation in 2025 identified areas of interest, including interpreted intrusive and linear structural features coinciding with anomalous copper stream-sediment results and nearby rock samples with anomalous copper and gold values.

A proposed first phase of exploration includes additional geological mapping and sampling to follow up on geophysical work, ground-truth interpreted structures, investigate elevated copper in stream sediments, and further characterize altered intrusive rocks and polymetallic veining. Diamond drilling of high-priority targets may follow, subject to results, permitting, financing, and the company's review.

Under the terms of the Option Agreement, Fuse has the exclusive right to earn an initial 70% beneficial interest by completing the cash payment, share issuance, warrant issuance, and drilling commitment. All securities issued will be subject to a statutory hold period of four months and one day. Following the initial earn-in, Fuse can earn an additional 10% interest by completing and delivering a PEA prepared in accordance with National Instrument 43-101 and paying an additional C$150,000. Upon earning the additional 10% interest, the parties will enter into a joint venture, with Fuse holding 80% and the Optionors holding 20%. Parties will fund their respective shares of approved programs and budgets proportionally. A party that elects not to contribute will be subject to dilution, and if a participating interest is diluted to less than 10%, it will automatically convert into a 2% net smelter returns royalty. The property is subject to a 2% net smelter returns royalty in favour of Cronin Exploration Inc., with Fuse having the right to purchase 50% of that royalty for C$1,500,000 within 30 days following commencement of commercial production.

Tim Fernback, President and CEO of Fuse Battery Metals, stated, “Foggy Mountain is an exciting new opportunity for Fuse as we broaden our exploration focus to include a copper-gold project in one of British Columbia’s established mineral districts. The historical sampling results and the combination of geophysical and geochemical targets give us a compelling starting point for a disciplined exploration program.”

The Foggy Mountain Property is an exploration stage project in the Omineca Mining Region of central British Columbia, consisting of three mineral claims totalling approximately 4,210 hectares. Current main target commodities are gold, copper, and silver. Historical exploration dates back to 1972, with most work conducted from 2003 onwards. Recent exploration has focused on polymetallic showings and areas of interest identified through airborne magnetic and radiometric surveys.

Jeremy Hanson, P.Geo., an independent qualified person, has reviewed and approved the technical contents of this news release.

Fuse Battery Metals Inc. is a Canadian-based exploration company focused on high-value metals required for battery manufacturing. The company also owns interests in the Glencore Bucke Property and the Teledyne Project near Cobalt, Ontario.

Source: Fuse Battery Metals Inc.