New Risk • Jun 02
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 19% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$80.2m market cap, or US$57.9m). Announcement • Jun 02
Leviathan Metals Corp. Commences Diamond Core Drilling Program At Central Project in Kalahari Copper Belt Leviathan Metals Corp. had the diamond core drilling program of up to 10,000 meters underway, at its 100%-owned Central Project, Kalahari Copper Belt, Botswana. Drilling has been designed to target potential sediment-hosted copper mineralization of the style and magnitude observed at MMG Limited’s adjoining Khoemacau property, specifically at the D’Kar-Ngwako Pan Formation contact, in an area where this contact is folded into a very clear and prominent domal structure - the Hyena Hills dome. Over 20 kilometers of this prospective contact have been interpreted at Central from recent airborne electromagnetic survey data, as well as from high resolution ground magnetic surveys completed at the property in 2023-2024. Initial drillholes are being positioned to locate the DKF-NPF contact with precision; subsequent holes will then be applied in testing the contact in a series of prioritized structural target areas. Mineralization hosted on the Khoemacau property is not necessarily indicative of mineralization on Leviathan’s Project. Drilling works are being performed by Mitchell Drilling International using a Sandvik DE710 diamond rig. Mitchell draw on fifty-seven years of drilling experience globally and in Africa, including almost twenty years of drilling under similar conditions within the KCB in Botswana. The Central Project, which directly adjoins MMG’s Khoemacau group of deposits and discoveries (combined Measured and Indicated Mineral Resources of 94Mt @1.8% Cu and 22 g/t Ag and Inferred Mineral Resources of 188Mt @1.6% Cu and 20 g/t Ag and the nearby Banana Zone, Zone 6 and Ophion (combined Measured and Indicated Mineral Resources of 33Mt @1.4% Cu and 21 g/t Ag and Inferred Mineral Resources of 141Mt @0.9% Cu and 10 g/t Ag) were acquired by MMG Ltd. in 2023 for USD 1,900 million. Leviathan and its qualified person have been unable to independently verify the information in respect of MMG’s Khoemacau group of deposits and the mineralization hosted on the Khoemacau deposits is not necessarily indicative of mineralization on Leviathan’s Project. Central displays similar large-scale geological characteristics to those observed at Khoemacau, making the property prospective for a Tier 1 copper discovery. Specifically, all known KCB copper deposits – including those of Khoemacau – occur at or close to a well-understood stratigraphic contact (namely the interface between the D’Kar and Ngwako Pan Formations) on the flanks or hinges of kilometer-scale antiforms or “domes”, typically within secondary folds, shears or other structural trap-sites which focused the mineralizing fluids. The Project boasts over 20 kilometers of this contact, mostly around the main domal structure referred to as the Hyena Hills dome, as supported by recent airborne electromagnetic data, as well as high resolution ground magnetic data collected in 2023 and 2024. The Hyena Hills dome is the next dome south from those hosting the Khoemacau deposits and discoveries (including Zone 5 and Zone 9); each of the other domes at Khoemacau hosts at least two copper deposits or discoveries. The Project area is almost entirely ‘blanketed’ by a cover of poorly consolidated Kalahari sediments, exploration through this cover relying on a combination of geophysical methods and drilling. Airborne EM data are commonly used to map and model a conductive marker unit, typically found approximately 100 meters above the DKF-NPF contact. Interpretations of this marker are used to increase confidence in the location of the DKF-NPF contact and in the identification of structures affecting it, which are considered important controls on mineralization. Botswana is a politically stable pro-mining investment jurisdiction – ranked #2 in Africa by the Fraser Institute (2024), enjoying investor-friendly legislation, a highly proficient and well-educated workforce, and first world infrastructure – set up to support mining, which is a pivotal and widely-accepted national economic driver. The KCB is regarded by the USGS as one of the world’s most prospective areas for sediment-hosted copper deposits. Andrew Pedley (Pr. Sci. Nat.), a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release relating to the Central Project and the Serule Uranium Project. Neither the Qualified Person nor Leviathan has verified the scientific, technical or other information disclosed in respect of the Adjacent Properties. Announcement • May 20
Leviathan Metals Corp. announced that it has received CAD 10 million in funding On May 20, 2026, Leviathan Metals Corp. closed the transaction. The Company paid total fees and commissions of CAD 513,482.24 in connection with the offering, and issued 802,557 compensation options, with each compensation option entitling the holder thereof to purchase one additional common share of the Company at a price of CAD 0.64 per common share for a term of 24 months from the closing of the offering. Directors and executive officers of the Company subscribed for a total of 1,036,700 Common Shares for aggregate gross proceeds of $663,488. The participation of insiders in the offering constitutes a “related party transaction”, within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101. The Offering remains subject to the final approval of the TSX Venture Exchange. 
