Equity Metals Announces Non-Brokered Charity/Premium Flow-Through Private Placement

Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) - Equity Metals Corporation (TSXV: EQTY) (OTCQB: EQMEF) (FSE: EGSD) ("Equity" or the "Company") announces that it proposes to undertake a non-brokered flow-through private placement consisting of 20,000,000 Charity/Premium flow-through units ("FT Units") at $0.23 for gross proceeds of $4.6M (the "Offering"). Each FT Unit will be comprised of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share for a period of 3 years at a price of $0.40.

The proceeds received from the sale of the FT Units will be utilized for the continued exploration and resource expansion at the Silver Queen Au-Ag-Zn vein project and for surface work and drilling on the Au-Ag Arlington property.

The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Silver Queen Project

The Company also reports that it has now completed the drilling component of the Summer '25 drill program on the Silver Queen project. The program successfully extended the No 3 Vein up to 650 metres laterally to the northwest from the modelled 2022 Mineral Resource. Twenty-one core holes totalling 8,059 metres were drilled on the No. 3 North target. A short surface program consisting of reconnaissance soil and stream sediment sampling has been completed to investigate several district-scale targets outboard from the No. 3 Vein system. Since the 2022 Mineral Resource, we have drilled an additional 87 drillholes for 34,494m that will now be factored into the next revised exploration and resource model, in anticipation of a Mineral Resource update to be completed in early Q1 2026.