Announcement • Jun 17
Discovery Energy Metals Corp. Completes Surface Prospecting and Geochemical Soil Sampling Program At Crystal Lake Property Discovery Energy Metals Corp. has successfully concluded its surface prospecting and geochemical soil sampling program on its Crystal Lake Property. The Property is located approximately 160 km southwest of Prince George, British Columbia, and is highly prospective for porphyry-style copper and molybdenum mineralization. Collected a total of 280 B-horizon soil samples over two grids along the eastern side of Crystal Lake. Samples were collected at 25 m intervals along NE-SW oriented lines spaced 50 m apart. The soil grids targeted historically identified surface mineralization and geophysical anomalies on the Property. Twenty-five outcrop samples were collected opportunistically across soil sampling grids when bedrock exposure permitted. The surface sampling program was completed by Dahrouge Geological Consulting over a period of eight days between May 23 and May 30, 2026. The field program was based out of Crystal Lake Resort, located directly within the Property boundary. The results, when received, will be utilized to guide future exploration on the Property. All rock samples were collected in the field using a hammer and chisel. Soil samples were collected from the presumed B horizon using a hand auger and/or geotool. Locations for all sample types were obtained using a handheld GPS or tablet with samples placed in pre-labelled sample bags. Samples were securely shipped using Manitoulin Transport to AGAT Laboratories Ltd. in Calgary, AB for preparation and geochemical analysis. Due to the preliminary nature of the program, no certified reference materials, blanks, or field duplicates were inserted into the sample stream. The Company will rely on the internal quality assurance and quality control procedures of AGAT Laboratories Ltd., which is accredited to ISO/IEC 17025:2017. Specific preparation and analytical methods will be disclosed with assay results. The scientific and technical content of this news release has been reviewed and approved by Nathan Schmidt, P.Geo. (EGBC Licence 48336), a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Schmidt is a Geologist with Dahrouge Geological Consulting Ltd. (EGBC Permit to Practice 1003035), the consulting firm engaged by Discovery Energy Metals Corp. to conduct and oversee the Company's exploration work at the Crystal Lake Property, including the 2026 surface geochemical sampling program. Announcement • May 30
Discovery Energy Metals Corp. Mobilizes Crews for Surface Sampling Program At Crystal Lake Cu-Mo Project Discovery Energy Metals Corp. mobilized field crews for a surface sampling exploration program on the Crystal Lake Property, located approximately 160 km southwest of Prince George. The Property is considered prospective for porphyry-style copper and molybdenum mineralization. The proposed 2026 soil and rock sampling program at the Crystal Lake Property is designed to evaluate porphyry-style mineralization associated with historical surface showings and geochemical anomalies across the Property. Initial work will focus on a previously identified showing north of Crystal Lake, where historical exploration and soil sampling campaigns outlined scattered copper anomalies that warrant more systematic follow-up. The planned program is intended to improve the understanding of the geometry, continuity, and potential source areas of the historical anomalies while refining targets for future drill testing. The program is anticipated to consist of an approximately eight- to ten-day field campaign utilizing two sampling crews focused on evaluating historical copper soil anomalies and prospective porphyry-style target areas outlined through previous exploration work. Soil sampling will primarily target B-horizon material, with rock sampling and geological mapping completed at identified outcrop exposures. The exploration program will be carried out by Dahrouge Geological Consulting and will be based out of Crystal Lake Resort, a lodge located directly within the Property boundary. New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.1m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.35m market cap, or US$6.12m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). 
