Highlights:

• Metallurgical results reinforce the Company’s strategy to advance a secure, domestic critical minerals processing supply chain in Canada—supporting defense readiness and the reshoring of Western titanium metal production. 

• Mineralogical analysis spanned the entire strike length of the exposed Everett oxide body, demonstrating that a low-impurity hemo-ilmenite (a Ti-V-Fe oxide) dominates and is accompanied by significant apatite (bearing 40% P2O5). 

• The Company intends to use a staged and disciplined approach, beginning with low-impact surface work and targeted sampling, followed by definition drilling for an initial Mineral Resource Estimate. 

Vancouver, British Columbia – May 6, 2026 – TheNewswire – North Atlantic Titanium Corp. (CSE: NATO) (OTCPK: NATQ.F) (FSE: Y33) ("NATO" or the “Company”), is pleased to announce that it has commenced mobilization for a field program at its Everett Titanium Project, located near Havre-Saint-Pierre, Québec. The program is designed to follow up on the recently completed Corem mineralogical characterization study, part of the Company’s collaboration with the Elements08 Strategic Metals Excellence Centre (“Elements08”). Corem (Consortium de recherche en traitement de minerais) is a Québec City-based, non-profit applied research center.

Corem completed electron microprobe analysis (EPMA) on hemo-ilmenite/oxide minerals, confirming that vanadium is consistently hosted in the hemo-ilmenite phase and that impurity elements, including magnesium, manganese, chromium, and aluminum, are present at very low levels. The Elements08 work and the pending fieldwork are intended to support NATO’s broader strategy of advancing Everett as a potential integrated titanium feedstock project, with associated vanadium, iron, and phosphate value streams.

Dwayne Yaretz, CEO and Director of North Atlantic Titanium, states: “The Corem report gave us an important mineralogical roadmap. Our next field program is designed to move from characterization to targeting. We now have a much clearer understanding of where the value sits mineralogically — particularly in the hemo-ilmenite and apatite phases — and our field work will be directed toward collecting the right material, from the right locations, to advance the project efficiently.”

The Metallurgical Test Sample Program

The Corem study spanned 2500 m of the surface strike length of the Everett oxide body, with the highest grades and most ready access at the northern area of the oxide exposures, adjacent to the Lac Tio mine access road.

Beginning in the north area, the Company will conduct a tight grid of assay samples and representative material for metallurgical test work covering an area 500 m wide by 1300 m along strike. The average TiO2 content at sample sites across this area is about 14%, with some sites averaging 17% TiO2 in recent analytical work.

The Company intends to use a staged and disciplined approach, beginning with low-impact surface work and targeted metallurgical sampling of bedrock exposures.

Metallurgical Sampling at Everett with a Handheld Coring Drill

Concurrent with the field program, the Company will commission a Technical Report on the Property by Micon International Limited, to further define planning for definition drilling and an initial Mineral Resource Estimate.

Concurrent with the first phase of definition diamond drilling, the Company will expand the tight surface grid of metallurgical sampling southward to encompass the known exposures of the Everett oxide body.

Technical Rationale - Geometallurgy

Corem’s characterization work has highlighted several important features of the Everett material, including:

• Hemo-ilmenite minerals host all titanium, vanadium, and iron oxides, promising a simple metallurgical process path;  

• Apatite hosts all phosphorus in the characterized material. Within the apatite, the P2O5 content is about 40%, like other igneous phosphate deposits in Québec; 

• Favourable liberation characteristics supporting conventional processing.  

These observations support a field program focused not only on grade but also on geology, structure, mineral assemblage, liberation characteristics, and variability across the deposit area for a rounded geometallurgical approach.

Everett Project Context

The Everett Titanium Project is located near Havre-Saint-Pierre in the Côte-Nord region of Québec, within the Minganie regional county municipality, along Québec’s North Shore, an area known for large iron-titanium oxide systems associated with the Grenville Province anorthosite complexes. The project is accessible by a mostly paved road to the ice-free, deep-water port facilities at Havre-Saint-Pierre.

The Company believes Everett has the potential to be evaluated as a North Atlantic titanium feedstock opportunity, with possible co-product exposure to vanadium, iron, and phosphate. Future metallurgical work will assess potential processing routes, including mineral separation, upgrading of titanium feedstock, and recovery of associated value streams.

About Corem

Corem (Consortium de recherche en traitement de minerais) is a Québec City-based, non-profit applied research center specializing in mineral processing, extractive metallurgy, and mineral characterization. It operates as a member-driven consortium, working with mining companies, government agencies, and equipment suppliers. Corem is one of Canada’s leading independent mineral processing laboratories.

About North Atlantic Titanium Corp.

North Atlantic Titanium Corp. is focused on developing the Everett titanium-vanadium project in Québec, targeting the production of high-quality titanium feedstocks with potential value-added vanadium and phosphate coproducts. The Company also holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que.

For more information, please visit our website at www.natitanium.com.

Qualified Person

Julien Davy, P.Geo., M.Sc., MBA, independent consultant, a Qualified Person under National Instrument 43-101 on standards of disclosure for mineral projects, has approved the technical information about the Everett Property in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Yaretz, CEO
North Atlantic Titanium Corp.
Phone: 778-709-3398
Email: info@natitanium.com
Website: www.natitanium.com

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond North Atlantic Titanium’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include general economic and capital markets conditions, stock market volatility. Although North Atlantic Titanium believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, North Atlantic Titanium does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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