Enduro Metals Announces Upsize of LIFE Offering and Concurrent Private Placement

Vancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Enduro Metals Corporation (TSXV: ENDR) ("Enduro", "Enduro Metals" or the "Company") is pleased to announce that it will (i) upsize its previously announced commercially reasonable "best efforts" private placement, which under the amended terms, the Company will issue up to 9,375,000 non-flow-through units of the Company (the "NFT Units") at a price of $0.16 per NFT Unit (the "NFT Issue Price") and up to 28,643,880 flow-through units of the Company sold on a charitable flow-through basis (the "FT Units" and, together with the NFT Units, the "Offered Securities") at a price of $0.22 per FT Unit (the "FT Issue Price") for combined gross proceeds of up to $7,801,654 (the "Offering") pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the "Listed Issuer Financing Exemption"), and (ii) concurrent with the Offering, issue up to 6,562,500 NFT Units at the NFT Issue Price for gross proceeds of up to $1,050,000 on a private placement basis pursuant to other applicable exemptions from the prospectus requirements under Canadian securities laws (the "Concurrent Private Placement"). Beacon Securities Limited ("Beacon") is acting as sole agent in connection with the Offering and the Concurrent Private Placement.