EagleOne Metals Provides OTC Markets Update and Announces Termination of Surupampa Acquisition

About this update from Eagleone Metals Corporation

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2026) - EagleOne Metals Corporation (CSE: EAGL) (FSE: IJ2) (OTC Pink: EGLMF) ("EagleOne" or the "Company") is pleased to provide shareholders with an update regarding its U.S. market initiatives and strategic corporate developments. OTC Markets Update The Company is pleased to announce that its Form 211 application has successfully completed the FINRA review process and that the Company's common shares are now quoted on the OTC Open Market platform under the symbol EGLMF. The Company is currently pursuing Depository Trust Company ("DTC") eligibility and intends to apply for an upgrade to the OTCQB Venture Market. Management believes these milestones will improve trading accessibility for U.S. investors, enhance market liquidity and increase the Company's visibility within the U.S. investment community. Matthew Markin, Chief Executive Officer of EagleOne Metals Corporation, commented: "The commencement of trading on the OTC Markets platform marks an important milestone for EagleOne and reflects our continued commitment to expanding the Company's presence within the U.S. capital markets. We believe that obtaining DTC eligibility and advancing to the OTCQB Venture Market will further improve accessibility for U.S. investors while supporting greater market visibility and liquidity. As we continue to execute on these initiatives, our focus remains on creating long-term shareholder value through disciplined corporate growth and strategic project development." Termination of Surupampa Acquisition The Company also announces that, following a comprehensive review of the proposed acquisition of the Surupampa Project in Peru, it has elected not to proceed with completion of the transaction. The decision was made after careful consideration by management, with a focus on preserving shareholder value and ensuring that the Company's capital and equity resources are allocated in a manner that best serves the long-term interests of the Company and its shareholders. Under the terms of the proposed transaction, EagleOne would have been required to issue 18,750,000 common shares in connection with the acquisition. Following further evaluation of the project, prevailing market conditions and the proposed transaction terms, the Company determined that proceeding with the acquisition would not be in the best interests of ...

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