Phase 1 Results Confirm Highly Fractionated Pegmatites at Cisco West and Obamska; Phase 2 Assays Pending

(CSE:LIBR) (OTCQB:LIBRF) (FSE:W0R0) Libra Energy Materials Inc. reported results from its first field program (Phase 1) at the Cisco West and Obamska lithium projects in the Eeyou Istchee James Bay region of Québec. Phase 1 identified large, highly fractionated lithium-cesium-tantalum (LCT) pegmatites at Obamska, with the lowest muscovite K/Rb ratios, highest bulk-rock lithium values, and several beryl occurrences concentrated in the southern part of the property. Portable LIBS analyses of muscovite at Obamska returned average K/Rb ratios as low as 10.9 and K/Cs ratios as low as 73, with nine of 44 samples returning K/Rb ratios below 15. Bulk-rock grab samples at Obamska returned up to 739 ppm Li (0.16% Li₂O), 17,943 ppm Be (4.98% BeO), 221 ppm Cs, 2,561 ppm Rb, 39.9 ppm Ta, and 135 ppm Nb, with four of ten samples exceeding 450 ppm Li. Beryl, including crystals up to 7-9 cm long, was identified in several pegmatites over a north-south distance of more than 2 km at Obamska. Eight of the nine Obamska muscovite samples with K/Rb below 15 form a cluster measuring approximately 650 m by 400 m in the southern part of the property, which also hosts the two highest lithium assays and multiple beryl-bearing pegmatites. Phase 2, a larger follow-up program, was completed from August 26 to September 12, 2026, by an eight-person team supervised by Dr. Jérémie Pfister, Vice President of Exploration, with assay results pending. Phase 1 was conducted by two prospectors over five days from June 8 to June 12, 2026, prior to Libra entering into the option agreement on the projects announced August 12, 2026. A total of 17 bulk-rock grab samples (eleven at Obamska, six at Cisco West) and 51 muscovite samples (44 at Obamska, seven at Cisco West) were collected and analyzed. At Cisco West, six bulk-rock samples returned between 24 and 69 ppm Li; sample A00453503 returned 260 ppm Be and 842 ppm Rb, and sample A00453701 returned 56.7 ppm Ta, 46 ppm Cs, and 60 ppm Nb. At Obamska, 44 muscovite samples returned average K/Rb ratios between 10.9 and 61.7 and average K/Cs ratios between 73 and 4,180; at Cisco West, seven muscovite samples returned average K/Rb ratios between 23.1 and 40.0 and average K/Cs ratios between 156 and 3,598. Beryl was also observed at Cisco West in the pegmatite represented by sample A00453503. Bulk-rock grab samples were analyzed at SGS Canada Inc. using sodium peroxide fusion with ICP-AES and ICP-MS finishes, and muscovite samples were analyzed with a portable SciAps Z-903 LIBS analyzer. Dr. Jérémie Pfister, P.Geo., Vice President of Exploration, is the Qualified Person for the release and supervised Phase 2 in the field, confirming sample locations and geological observations. Libra's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company. The Cisco deposit, adjacent to Libra's projects, is referenced as the largest hard-rock lithium deposit in the Western Hemisphere, with an inferred mineral resource of 295 million tonnes grading 1.36% Li₂O as per a NI 43-101 Technical Report for Q2 Metals Corporation.

Drilling Expands Mineralized Footprint at Penelope

(CSE:LIBR) (OTCQB:LIBRF) (FSE:W0R0) Libra Energy Materials Inc. reported the remaining assay results from its maiden auger drill program at its 100%-owned Penelope Project in Minas Gerais, Brazil. The results from Holes PLE-AD-008 through PLE-AD-022 extend near-surface rare earth element (REE) enrichment beyond the initial holes at the Elena target, with extensions approximately 125 to 250 metres to the east, northeast, and west, and approximately 650 metres to the northwest. Hole PLE-AD-021 returned 2.0 m at 1,421 ppm total rare earth oxides (TREO) from surface, including 1.0 m at 2,239 ppm TREO. The program has now tested an area of approximately 550 m east-west by 750 m north-south, and 10 of the 15 holes reported in this release returned at least one sample above 500 ppm TREO. Dr. Jérémie Pfister, Vice President of Exploration, stated that the auger program has expanded the footprint of REE enrichment at Penelope, with Hole PLE-AD-021 returning one of the highest-grade samples and Hole PLE-AD-010 mineralized from surface to the bottom of the hole. CEO Koby Kushner commented that while Penelope is non-core to Libra's long-term strategy, the project offers opportunities for monetization, potentially through earn-ins, joint ventures, or divestment. Previous prospecting at Penelope confirmed high-grade critical minerals in pegmatites, with samples returning up to 8,780 ppm Niobium (Nb), 10,900 ppm Tantalum (Ta), and 3,103 ppm total REEs. The 22-hole mechanical auger drilling program totaled approximately 261 m. Results for the first seven holes, which returned multiple intervals above 1,000 ppm TREO near the Elena target, were reported on June 11, 2026. Highlight results from the final 15 holes include: 2.0 m of 1,421 ppm TREO from surface, including 1.0 m of 2,239 ppm TREO (PLE-AD-021); 12.0 m of 801 ppm TREO from surface to end of hole, including 4.0 m of 1,075 ppm TREO and 1.0 m of 1,690 ppm TREO at 6 m depth (PLE-AD-010); 1.0 m of 2,585 ppm TREO in the last sample of the hole (PLE-AD-020); 1.0 m of 1,263 ppm TREO with 37.3% MREO (magnet rare earth oxides), the highest magnet rare earth proportion of the program (PLE-AD-009); 1.0 m of 1,045 ppm TREO (PLE-AD-015); 8.5 m of 675 ppm TREO from surface to end of hole (PLE-AD-013); 4.0 m of 38 g/t Gallium (Ga) from surface (PLE-AD-014); and 1.0 m of 43.5 g/t Ga at 7 m depth (PLE-AD-022). All intercepts occur within 12 m of surface. Except for PLE-AD-020, the intercepts contain a favourable proportion of magnet rare earth oxides (MREO) of 21% to 37% of TREO. The holes averaged approximately 12 m in depth, and several ended in mineralized material, indicating the base of the REE-enriched profile was not reached at those locations. A total of 167 samples from Holes PLE-AD-008 to PLE-AD-022 were submitted to SGS Geosol Laboratórios S.A. in Vespasiano, Minas Gerais, including 152 regolith samples and 15 blanks, certified reference materials, and field duplicates. Sample preparation and analytical methods included sodium peroxide fusion with ICP-MS, lithium metaborate fusion with ICP-OES and ICP-MS, and loss on ignition at 1,000 °C. The QA/QC program followed Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Exploration Best Practice Guidelines. Libra's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company. The company also holds a broader portfolio of battery metals projects across Canada and Brazil.

Libra Announces Strategic Institutional Financing Led by SIDEX and NQ Mining Investment

(CSE:LIBR) (OTCQB:LIBRF) (FSE:W0R0) Libra Energy Materials Inc. has announced a strategic private placement of CMETC flow-through common shares for aggregate gross proceeds of $725,000. The offering is led by Québec-based institutional investors SIDEX limited partnership and NQ Mining Investment. The offering will consist of 5,000,000 CMETC Shares at a price of $0.145 per share. The CMETC Shares issued will be subject to a statutory hold period of four months and one day from the closing date. A finder's fee will be payable in cash to certain arm's length finders engaged in connection with the offering, subject to the approval of the CSE. The gross proceeds will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) on the company's Québec projects, including the newly acquired flagship projects Cisco West and Obamska in the Eeyou Istchee James Bay region. The company will renounce these expenditures to subscribers with an effective date no later than December 31, 2026. The CMETC FT Shares will also qualify for the Canadian government's Critical Mineral Exploration Tax Credit. Closing of the offering is expected on or about September 29, 2026, and remains subject to customary closing conditions, including receipt of all necessary regulatory approvals of the Canadian Securities Exchange. No insiders are expected to participate in the offering. Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, located adjacent to Q2 Metals' Cisco deposit. Libra's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company. Libra also holds a broader portfolio of battery metals projects across Canada and Brazil. The Libra team comprises seasoned executives, engineers, and geoscientists with experience in mining, mineral exploration, capital markets, asset management, energy, and First Nations engagement.

Libra Closes First Tranche of Offering Financing

(CSE:LIBR) Libra Energy Materials Inc. (OTCQB:LIBRF) (FSE:W0R0) announced the closing of the first tranche of its non-brokered private placement offering, referred to as the LIFE Offering, which was originally announced on August 28, 2026, and amended on September 4, 2026, and September 11, 2026. The company stated that due to high investor interest, it exercised its option to increase the size of the LIFE Offering. The announcement confirms the completion of the first tranche but does not specify the amount raised, the number of securities issued, or the terms of the securities in this tranche. The LIFE Offering is a non-brokered private placement. The company is headquartered in Ontario. The announcement references the LIFE Offering as the subject of the private placement. No named executives or quoted remarks are included in the provided text. No counterparties, agencies, or courts are mentioned in the provided text. No license, permit, or court-case identifiers are disclosed in the provided text. No financial or operating figures, volumes, grades, widths, working interests, production, reserves, revenue, ARR, users, units, percentages, or contract terms are stated in the provided text. The announcement does not include any information about options, shares, vesting schedules, or regulatory approval requirements.

Libra Announces Private Placement

(CSE:LIBR, OTCQB:LIBRF) Libra Energy Materials Inc. announced a non-brokered private placement for aggregate gross proceeds to the Company of $700,000 consisting of 5,000,000 common shares at a price of $0.10 per HD Share for gross proceeds of $500,000 and 1,538,462 common shares for gross proceeds of $200,000.

Libra Congratulates Athena Gold on New Discovery in Red Lake

(CSE: LIBR) Libra Energy Materials Inc. is pleased to congratulate Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) on its recent gold discovery at its Laird Lake project, in Red Lake, Ontario. Libra remains a significant shareholder of Athena, holding >12% of Athena's common shares outstanding. Athena reported a new high-grade, near-surface grassroots gold discovery (the Scooby Zone) at its flagship Laird Lake project, located in Ontario's Red Lake Gold District. Discovery hole LL-26-006A returned 23.85 g/t Au over 5 metres from 21 metres downhole, including 62.9 g/t Au over 1 metre and 54.1 g/t Au over 1 metre. The zone remains open, with mineralization also intersected in a ~400-metre vertical step-out hole. Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, located adjacent to Q2 Metals' Cisco deposit — the largest hard-rock lithium deposit in the Western Hemisphere. Libra's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company.

Libra Expands Quebec Lithium Footprint with Flagship Cisco West and Obamska Projects

(CSE: LIBR) (OTCQB: LIBRF) Libra Energy Materials Inc. has entered into an option agreement dated August 11, 2026 to acquire a 100% interest in the Cisco West and Obamska lithium projects located in the Eeyou Istchee James Bay region of Québec. Libra can earn a 100% interest through $300,000 in staged cash payments, 8,823,529 shares over three years, and a 2% NSR, with a $2,000,000 milestone payment tied to a qualifying resource. Cisco West covers approximately 45 km of strike along the Nottaway Deformation Zone and is contiguous with Q2 Metals' Cisco deposit, the largest hard-rock lithium deposit in the Western Hemisphere. The Obamska Project covers 9,779 hectares and hosts numerous large LCT pegmatites outcropping at surface, with preliminary LIBS analyses on micas returning K/Rb ratios as low as 11, K/Cs ratios as low as 73, and consistent lithium enrichment between 1,000 and 4,000 ppm Li. Field programs are planned on both Projects in the coming weeks, supported by strong infrastructure including the Billy Diamond Highway and the CN railhead at Matagami. Libra's Flanders North, Flanders South, and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company. The Cisco lithium project, adjacent to Cisco West, has inferred resources totalling 295 million tonnes grading 1.36% Li₂O.

Libra Announces Rare Earths and Gallium Discovery at Penelope Project, Brazil

(CSE:LIBR, OTCQB:LIBRF) Libra Energy Materials Inc. reported initial assays from its maiden auger drill program at its 100%-owned Penelope Project in Minas Gerais, Brazil. The first six holes returned consistent grades near surface, including multiple intervals exceeding 1,000 ppm total rare earth oxides (TREO), such as 2.0 metres at 2,033 ppm TREO. The auger program has now been completed, with all 22 holes drilled, and assay results have been received for the first seven holes. Highlight results include 3.0 m of 854 ppm TREO (PLE-AD-001), 4.0 m of 1,173 ppm TREO (PLE-AD-002), 9.0 m of 982 ppm TREO including 2.0 m of 2,033 ppm TREO (PLE-AD-003), and 7.0 m of 1,193 ppm TREO including 2.0 m of 1,953 ppm TREO (PLE-AD-006). All intercepts occur within 20 m of surface and contain a favourable proportion of magnet rare earth oxides (MREO), with MREO percentages ranging from 20.3% to 24.4%. Libra has staked an additional 14,604 hectares of prospective ground in the vicinity of the original Project. The company projects further exploration, including ammonium sulfate leach testing and potentially a shallow RC drilling program, and intends to begin a strategic review process to identify a suitable partner or potential acquirer for the Penelope Project.

Libra Secures 100% Ownership of SBC Lithium Project in Ontario Following KoBold Payment

(CSE:LIBR) Libra Energy Materials Inc. announced that KoBold Metals Company has made the final option payment to Bounty Gold Corp., providing Libra with a 100% interest in the SBC lithium project in Ontario. The SBC project, along with Libra's Flanders North and Flanders South projects in Ontario, are being explored under a KoBold-funded, CAD $33 million earn-in agreement. The SBC project spans 15,670 hectares and features spodumene-rich outcrops extending over a >13 kilometre trend, with high-grade grab samples up to 6.64% Li2O. In June 2023, Libra entered into an option agreement with the Vendor to acquire a 100% interest in the SBC project, requiring staged cash payments totaling CAD $380,000 over three years, with the final CAD $114,000 payment made on June 2, 2026. The EIA with KoBold allows KoBold to invest up to CAD $33 million over six years to earn a 75% interest in the Kobra Projects. The company has agreed to settle outstanding debt in the amount of $21,000 through the issuance of 123,529 common shares at a deemed price of $0.17 per share. The company projects a 2026 work program to get initial 'boots-on-the-ground' at the Toivo project, subject to ongoing consultations.

Libra Energy Announces Graphite Discovery at Stimson Project in Ontario - Drills 4.7% Graphitic Carbon over 14.7 Metres

Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) announced assay results from its maiden diamond drilling program at the 100%-owned Stimson project, located approximately 26 km east of Cochrane, Ontario. Drill hole ST26-001 intersected a significant zone of graphitic mineralization, with highlights including 4.7% Cg over 14.7 m and samples up to 10.45% Cg. Additional broad zones of zinc mineralization were also reported, returning 0.52% Zn over 18 m. The results confirm a graphite-bearing system at Stimson and warrant further evaluation. Libra continues to focus on lithium exploration in Canada and Brazil, with upcoming drill results expected from the Penelope project in Brazil.