Bahia Metals Technical Review Reinforces the Potential of the Mangueiros Main Project

About this update from Bahia Metals Corp.

VANCOUVER, British Columbia, July 27, 2026 (GLOBE NEWSWIRE) -- Bahia Metals Corp. (CSE: BMT) ("Bahia" or the "Company") is pleased to provide an update on its corporate strategy and ongoing technical review of the Mangueiros Main Nickel-Copper-Cobalt-PGM Project and regional exploration projects (the "Projects") in Bahia State, Brazil. The review has reinforced management's view that the Mangueiros Main project ("Mangueiros Main") possesses many of the characteristics associated with a development-stage nickel sulphide asset, including significant scale potential, extensive historical drilling, encouraging preliminary metallurgical results and access to established infrastructure within one of Brazil's premier mining regions. The Company's flagship asset, Mangueiros Main is a technically well understood, sulphide-hosted nickel-copper-cobalt-PGM project with an exploration target of 75-200 Mt @ 0.20% to 0.25% NiS1 with the potential to emerge as a strategic, long-life source of critical minerals. It is located in Bahia State, Brazil, a well-established mining jurisdiction with infrastructure, supportive regulatory frameworks, and a strong mining tradition. This combination positions Mangueiros to contribute to future supply chains supporting electrification and energy transition technologies. Stephen Goodman, CEO and Director of Bahia Metals Corp. comments:"Mangueiros Main represents a strong critical minerals exploration opportunity. As stated, our objective is to efficiently unlock the potential of Mangueiros Main through resource definition and economic evaluation. Mangueiros Main benefits from a substantial technical foundation, including extensive drilling, geophysical surveys and encouraging preliminary metallurgical work. As we continue our review, we believe Mangueiros Main is emerging as a compelling nickel sulphide opportunity in a jurisdiction that is attracting global investment in critical minerals. Beyond Mangueiros Main, we see meaningful growth potential across our broader asset portfolio. Mangueiros West, located just 1 km away, is emerging as a compelling follow-up opportunity and is expected to be a key focus as we continue advancing the district. The Company is focused on creating long-term shareholder value through disciplined technical advancement of its assets." Figure 1. The Mangueiros Nickel-Copper-Cobalt-PGM Project in Bahia State...

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