Metal Energy Names Charlie Greig CEO Ahead of NIV Drilling Programme

• Charlie Greig appointed CEO, bringing 40 years of exploration experience including roles at GT Gold, Pretium Resources, and American Eagle Gold
• Centerra Gold and Teck Resources each hold 9.9% stakes following $9.25 million financing completed in December 2025
• NIV project covers over 12,500 hectares in British Columbia's Toodoggone District, 32 kilometres from Centerra's Kemess mine
• Multiple drill targets identified along five-kilometre trend of geochemical and geophysical anomalies
• Company holds permits and plans to announce exploration programme details for 2026

Metal Energy Corp. (TSXV:MERG, OTCQB:MEEEF) is a Canadian-based exploration company focused on copper and gold assets. The company controls three projects: the NIV copper-gold-molybdenum project in British Columbia's Toodoggone District (100% controlled), the Highland Valley copper-molybdenum project in British Columbia (100% owned), and the Manibridge nickel-copper-cobalt project in Manitoba (85% owned). The NIV project is fully permitted and drill-ready.

Charlie Greig Appointed CEO

Metal Energy has appointed Charlie Greig as CEO, replacing James Sykes. Charlie Greig has worked in exploration geology for four decades, including serving as Vice President of Exploration at GT Gold during the discoveries of the Saddle North copper-gold porphyry and Saddle South gold-silver system. Newmont acquired GT Gold in 2021 for $400 million. His work includes geological mapping on projects such as Brucejack (Pretium, now Newmont), Bisha (Nevsun Resources), La India (Grayd Minerals, now Agnico Eagle), and Alamo Dorado (Corner Bay, now Pan American Silver).

Charlie Greig currently serves as lead technical adviser for American Eagle Gold's NAK copper-gold porphyry project near Smithers, British Columbia, which is being explored in partnership with Teck Resources and South32. He also serves as Executive Chairman of Evergold, a Toodoggone-focused gold-silver exploration company.

The management change reflects a corporate strategy focused on creating value from the Toodoggone Region. With permits secured and targets defined, Metal Energy moves into its 2026 drilling programme under new leadership.

CEO Charlie Greig stated:

"I am excited to officially step into the role of CEO at Metal Energy, and work alongside the Ore Group to create value from the Company's recently acquired NIV project. NIV has the potential to be Toodoggone's newest porphyry discovery, having the right geology and alteration, as well as coincident geochemical and geophysical anomalies. We are fully funded for 2026, having Centerra Gold and Teck as cornerstone investors, and have multiple high-priority targets along a five kilometer long trend that we will drill test in 2026."

Centerra Gold and Teck Resources Investment

On December 17, 2025, Metal Energy closed a $9.25 million financing with Centerra Gold and Teck Resources as cornerstone investors. Each company now holds 9.9% of Metal Energy's issued and outstanding common shares. The financing provides full funding for the company's 2026 exploration season. The investment occurred before any drilling at NIV.

Centerra operates the Kemess mine complex 32 kilometres north of the NIV property. Teck is a Canadian diversified mining company with copper operations. Both companies conducted due diligence before their investments. According to the news release, the investment by these two companies prior to drilling reflects the quality of targets at NIV, which host geophysical and geochemical anomalies spanning over five kilometres of strike length.

The funding removes the need for additional capital raises during the 2026 field season. Metal Energy plans to announce details of its exploration programme, including the highest-priority drill targets at the NIV property and the programme designed to test them.

NIV Project Exploration Data and 2026 Plans

The NIV property comprises two claim blocks totalling more than 12,500 hectares: NIV (1,048 hectares) and West NIV (11,500 hectares). Exploration was first recorded in the 1960s. Modern systematic work began in 2010 when the underlying rights holders staked the ground. Programmes between 2016 and 2024 generated the following results:

Soil geochemistry identified copper values exceeding 300 parts per million, gold above 200 parts per billion, and molybdenum over 12 parts per million across a strike length exceeding five kilometres. Geological mapping identified porphyry dikes and associated alteration aligned with the anomalous soil geochemistry. Induced Polarisation surveys at shallow and deep investigation depths revealed chargeability and resistivity anomalies coinciding with the geochemistry and geological trends. These align with an extensive magnetic low evident in airborne geophysical surveys, punctuated by local magnetic highs.

Additional surveys including MobileMT and technical studies such as geochronology have been completed. Northwest Copper's adjacent East Niv property hosts a copper-gold porphyry system discovered in 2021, where drilling intersected 81.6 metres grading 0.41% copper, 0.20 grams per tonne gold, and 0.9 grams per tonne silver from surface. Metal Energy has not yet drilled at NIV.

Next Steps

Metal Energy will announce its 2026 exploration programme details, including specific drill target locations at the NIV property. The company is fully funded for the 2026 season following the December 2025 financing. With permits in place and Charlie Greig as CEO, the company is prepared to begin its inaugural drilling programme at NIV when field conditions permit.

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