Enerev5 Metals Increases Size of Private Placement, Debt Settlement

Toronto, Ontario — January 22, 2026 — Leads & Copy — Enerev5 Metals Inc. (TSX-V: ENEV) is increasing the size of its non-brokered private placement and securities for debt transaction.

The company intends to offer up to 44,500,000 units at a price of $0.01 per unit for gross proceeds of up to $445,000, according to an announcement made Thursday. Each unit will consist of one common share of the company and one share purchase warrant. The warrant will entitle the holder to acquire one share at an exercise price of $0.05 per warrant for five years following the offering's closing date.

The proceeds from the offering will be used for general corporate and working capital purposes, as well as project review and acquisition costs.

Enerev5 also intends to settle up to $200,920 in liabilities through the issuance of up to 20,092,000 units at $0.01 per unit, under the amended terms of the debt settlement. Non-Arm’s Length Parties participating in the debt settlement will settle eligible debt through the issuance of shares at $0.01 per share.

Completion of the debt settlement is subject to customary closing conditions, including the receipt of all necessary approvals from the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months and one day, in accordance with Canadian securities laws.

The company may pay a commission to eligible finders in connection with the offering, subject to Exchange approval and compliance with applicable laws.

Enerev5 Metals Inc. is a Canadian exploration company focused on the identification and development of critical battery metals projects. The company’s strategy is to build a portfolio of early-stage assets that have the potential to supply ethically-sourced metals essential to the global transition to clean energy. Enerev5 is currently advancing lithium exploration in northeastern Nevada and continues to evaluate additional opportunities in high-potential jurisdictions to support its long-term growth objectives.

Errol Farr, President and CEO of Enerev5 Metals Inc. can be contacted at efarr001@icloud.com or 647-296-1270.

Source: Enerev5 Metals Inc.