EagleOne Metals Corp. Announces Letter of Intent to Acquire Surupampa Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - EagleOne Metals Corp. (CSE: EAGL) ("EagleOne" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Surupampa Metals Corp. ("Target"), a private British Columbia company, pursuant to which the Company proposes to acquire all of the issued and outstanding common shares of Target (the "Target Shares") by way of a share exchange (the "Transaction").

Target is a private British Columbia mining issuer whose principal asset is its interest in an option agreement (the "Option Agreement") to acquire a 100% interest in the Surupampa I mining concession located in Peru (the "Property").

The Property is strategically located in a major mineral belt in northern Peru, near world-class deposits and is prospective for a gold-silver-copper base metal mineralization associated with a swarm of subparallel quartz veins striking approximately east-west. The principal structures at the Property are the Giuliana and Anita veins, that are quartz-dominant with minor carbonate.

The Property is a compelling target for follow-up exploration based on its potential for high-grade mineralization and the Property's geological setting. The vein is hosted within a major East-West fault structure, suggesting potential for structural continuity at depth and along strike.

The next stage of exploration will focus on confirming the depth and strike extent of the Giuliana vein system to define a drill target through detailed infill geological mapping and sampling, geological surveying to define vein extensions and feeder zones and the establishment of a drill program to test mineralization at depth.

The Company will provide additional Property details in a subsequent news release.

Pursuant to the terms of the Option Agreement, EagleOne, through Target, will acquire a 100% interest in the Property upon:

• Issuance of common shares in the capital of Target with an equivalent value of US$100,000 upon execution of the Option Agreement (complete);
• Cash payment of US$100,000 on or before January 28, 2026;
• Issuance of shares in the capital of EagleOne ("EagleOne Shares") with an equivalent value of US$100,000 on or before February 28, 2026;
• Issuance of EagleOne with an equivalent value of US$150,000 on or before May 28, 2026;
• Cash payment of US$150,000 on or before August 28, 2026;
• Issuance of EagleOne Shares with an equivalent value of US$200,000 and a cash payment of US$150,000, on or before February 28, 2026; and
• Issuance of EagleOne Shares with an equivalent value of US$250,000 and a cash payment of US$200,000, on or before August 28, 2026.

Pursuant to the LOI, the Company will acquire all of the issued and outstanding Target Shares, in exchange for the issuance to the existing shareholders of Target of 18,750,000 common shares of the Company. The Transaction is expected to be completed pursuant to a definitive share exchange agreement to be negotiated between the parties.