Affinity Metals Announces Grant of Stock Options and Early Warning Reports Issued

Cardston, Alberta--(Newsfile Corp. - January 15, 2026) - Affinity Metals Corp. (CSE: AFF) (the "Company" or "Affinity Metals") announces that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 1,200,000 common shares of the Company pursuant to the Company's incentive share option plan. The options are exercisable for a period of 10 years at a price of $0.05 per share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring May 16, 2026, in accordance with the policies of the Canadian Securities Exchange.

In accordance with regulatory requirements, Robert Edwards, the Company's CEO, President and a director, reports that prior to the grant of 450,000 options to him on January 15, 2026, he owned or controlled 8,532,540 shares of the Company representing approximately 13% of the outstanding Affinity Metals shares on a non-diluted basis. After the current grant of options, on a partially diluted basis (assuming the exercise of all 5,000,000 share purchase warrants and 2,620,000 stock options now held by Mr. Edwards), Mr. Edwards would have ownership and control over approximately 22% of the then issued Affinity Metals shares. The options recently granted to Mr. Edwards are held for investment purposes only. Mr. Edwards may acquire additional shares of the Company or dispose of Affinity Metals shares (through market or private transaction) from time to time.

In accordance with regulatory requirements, Darren Blaney, the Company's CFO and a director, reports that prior to the grant of 450,000 options to him on January 15, 2026, he owned or controlled 5,236,940 shares of the Company representing approximately 8% of the outstanding Affinity Metals shares on a non-diluted basis. After the current grant of options, on a partially diluted basis (assuming the exercise of all 1,200,000 share purchase warrants and 2,620,000 stock options now held by Mr. Blaney), Mr. Blaney would have ownership and control over approximately 13% of the then issued Affinity Metals shares. The options recently granted to Mr. Blaney are held for investment purposes only. Mr. Blaney may acquire additional shares of the Company or dispose of Affinity Metals shares (through market or private transaction) from time to time.