Fox Tungsten Announces Resignation of Director

Vancouver, British Columbia - March 24, 2026 - TheNewswire - Fox Tungsten Ltd. (TSXV: FOXT) (“ Fox Tungsten ” or the “ Company ”) announces that Grant McAdam has resigned from the Company's Board of Directors.     Investment funds managed by Waratah Capital Advisors Ltd. (“ Waratah ”) have indicated an intention to participate in the offering, as previously disclosed in the Company's news release dated March 24, 2026, on a pro rata basis. As a result of Canadian securities law requirements which prohibit registered advisers such as Waratah from investing in an issuer when one of its investment team members serves as an officer or director of the issuer, Grant McAdam has resigned from the board of directors of the Company, effective immediately. However, Waratah has confirmed that it intends to exercise its right to nominate a replacement to the board of the Company.