MegaWatt Announces Effective Date for Consolidation of Shares

Vancouver, British Columbia, March 16, 2026 (GLOBE NEWSWIRE) -- MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company", "MegaWatt Metals" or “MegaWatt”) announces that, further to its news release dated March 6, 2026, and effective March 20, 2026, the Company will consolidate the common shares in the capital of the Company (the “Shares”) on the basis of one (1) post‑consolidation Share for every twelve (12) pre-consolidation Shares (the “Consolidation”).  The Company's name and stock symbol will remain unchanged following the Consolidation.  The new CUSIP number will be 58518J309 and the new ISIN number will be CA58518J3091 for the post Consolidation Shares.