Live Energy Minerals Announces Amending Agreement with US Critical Metals for McDermitt East Lithium Project

About this update from Live Energy Minerals Corp

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2025) - Live Energy Minerals Corp. (CSE: LIVE) (OTC Pink: GTREF) ("LIVE" or the "Company"), together with its wholly owned subsidiary Lithium Valley Holdings Corp. ("LVH"), is pleased to announce that it has entered into an amending agreement dated October 3, 2025 (the "Amendment") with US Critical Metals Corp. ("USCM"), and its subsidiary US Energy Metals Inc. ("USEM"), to restructure the terms of the existing Exploration and Option to Enter Joint Venture Agreement dated September 15, 2023 (the "Original Agreement") relating to the McDermitt East Lithium Project (the "Project"). Under the Amendment, LIVE and LVH have agreed to replace the joint venture and earn-in structure with a direct path for USCM/USEM to acquire a 100% interest in the Project on the following terms: Payment I — Initial Acquisition (50% Interest): Payment II — Final Acquisition (Remaining 50% Interest): Upon completion of these payments, USCM/USEM will hold a 100% interest in the Project, subject to a retained royalty. LIVE and LVH will retain a 2% Net Smelter Returns (NSR) royalty on future production from the Project. USCM/USEM will have the right to buy back 1% of the NSR for C$1,000,000. In addition, Live announces that it has received 167,000 common shares of USCM on October 6, 2025 issued at a deemed price of $0.30 per share, to grant USCM a six-month extension for certain exploration payments which were due under the Original Agreement. About LIVE Energy Minerals Corp. LIVE is a mining exploration company actively engaged in exploring for and identifying new opportunities in clean energy minerals in North and South America. LIVE holds applications for a 100% interest in the uranium, vanadium, and molybdenum, Messa Top Mine projects located in the Colorado Plateau, USA. LIVE has also retained an interest in the McDermitt Lithium East Project, Nevada, USA. LIVE is focused on creating value for its shareholders by combining quality project with proven exploration strategies and a team driven to achieve exceptional outcomes. For further information, please contact: Adrian SmithChief Executive Officer & Director Live Energy Minerals Corp.Email: [email protected]: 604-687-2038 Neither the Canadian Securities Exchange nor the ...

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