Coniagas Battery Metals Seeks TSX Venture Exchange Approval to Reprice and Extend Warrants

VANCOUVER, British Columbia — December 31, 2025 — Leads & Copy — Coniagas Battery Metals Inc. (TSX-V: COS) plans to apply to the TSX Venture Exchange to reprice and extend the term of 3,250,000 common share purchase warrants.

The warrants currently have an exercise price of $0.40 per share and are set to expire on dates between January 19, 2026, and March 18, 2026. The company proposes to extend the expiry dates of the warrants until January 19, 2029, subject to acceleration, and amend the exercise price of the warrants to $0.15 per share.

The warrants may be amended to include an accelerated expiry clause. The exercise period of the warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the warrant, the closing trading price of the company’s common shares is equal to or greater than $0.1875. In accordance with Exchange policy, the reduced exercise period of 30 days will begin no more than 7 business days after the tenth premium trading day.

The company’s directors, officers and control persons beneficially own less than 10% of the total number of warrants to be repriced. The proposed amendments to reprice and extend the expiry date of the warrants are subject to the approval of the Exchange and the consent of the holders of the warrants.

Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper, cobalt and platinum group metals in Québec. Coniagas’ strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market.

At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the near-term to conduct additional drilling leading to the production of a NI 43-101 resource report, metallurgical testing and consultations with First Nations.

The Graal project and immediate work plan are outlined in detail in the “NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” dated January 17, 2024. The report is available along with other information at the Company’s website.

Frank J. Basa, P. Eng. Member of Professional Engineers Ontario, is the Chief Executive Officer of the company. Wayne Cheveldayoff, Corporate Communications, can be reached at 416-710-2410 or waynecheveldayoff@gmail.com.

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

416-625-2342

Source: Coniagas Battery Metals Inc.