Fox Tungsten Announces Appointment of Mark Wellings and Greg Huffman to the Board of Directors and Grants Incentive Stock Options

Vancouver, British Columbia – TheNewswire - April 13, 2026, - Fox Tungsten Ltd. (TSXV: FOXT) (“ Fox Tungsten ” or the “ Company ”) announces that following the resignation of Grant McAdam from the Company's Board of Directors on March 24, 2026, investment funds managed by Waratah Capital Advisors Ltd. (“Waratah”) have exercised their right to nominate a replacement director. Waratah has nominated Mark Wellings as its representative on the Board, and Mr. Wellings has been appointed as a director of the Company, effective April 13, 2026. Mr. Wellings is a finance professional with over 30 years of international experience in both the mining industry and mining finance sector. Until its recent acquisition by Altius Minerals Corporation, Mr. Wellings was Vice Chair and the Executive Vice President, Technical at Lithium Royalty Corp.  Mr. Wellings is a Professional Engineer and holds a Bachelor of Applied Science in Geological Engineering from the University of Windsor and a Master of Business Administration from the University of Western Ontario.