Sankamap Updates Status on Late Filing of Financial Statements; Extends MCTO

Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") further to the Company's news releases dated October 21, 2025, November 4, 2025, and November 18, 2025, the Company continues to work towards the filing of its annual audited financial statements and management's discussion and analysis for the fiscal year ended June 30, 2025 (the "Required Filings"). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") until December 28, 2025.

While the audit of Sankamap's private subsidiary has now been completed, timing adjustments in the subsidiary's audit resulted in a brief postponement of fieldwork and the review of Sankamap's audit file. The upcoming holiday period is also expected to affect scheduling. To support timely completion of the audit, the Company intends to appoint the subsidiary's auditor as its auditor, as their familiarity with the Company's mineral property and the Solomon Islands jurisdiction is expected to facilitate an expedited process. A change of auditor is underway, and the Company expects to file the required change of auditor documentation shortly.

The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company's fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest's Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap's Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au²; underscoring the area's significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au³. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au³, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au³, further underscoring the property's strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap's profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ "John Florek"
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."

This press release contains forward-looking statements, including, but not limited to, statements regarding management's expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedarplus.ca.

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Sankamap Metals

Drill-ready copper-gold discovery potential in the Pacific Ring of Fire

Drill-ready copper-gold discovery potential in the Pacific Ring of Fire Keep Reading...

Investor Insight

Sankamap Metals is advancing two 100 percent-owned, drill-ready copper-gold assets in the Solomon Islands, one of the last underexplored regions of the Pacific Ring of Fire. With active drilling underway at Kuma, multiple drill-ready targets at Fauro, and a leadership team that has collectively raised more than $1 billion, the company offers investors exposure to near-term discovery catalysts in a proven mineral belt.

Overview

Sankamap Metals (CSE:SCU) is a Canadian exploration company focused on advancing the Oceania Project, a copper-gold exploration portfolio located in the Solomon Islands. The company controls two 100 percent-owned assets, Kuma and Fauro, situated within one of the last underexplored regions of the Pacific Ring of Fire, a globally significant belt known for hosting major porphyry and epithermal mineral deposits.

Sankamap Metals Oceania Project Location

The company’s projects are strategically positioned along the same regional mineral trend as world-class deposits, including Newmont’s 71.9 Moz Lihir gold mine. Despite the region’s demonstrated mineral endowment, large areas remain underexplored, creating an opportunity for new copper-gold discoveries.

Sankamap’s asset portfolio combines high-grade historical results with compelling large-scale exploration targets. Kuma hosts a kilometre-scale copper-gold anomaly and historical grab samples returning up to 11.7 percent copper and 13.5 g/t gold. Fauro hosts seven identified prospects and has delivered historical results including grab samples up to 173 g/t gold, trench results of 8 metres grading 27.95 g/t gold and drill intercepts including 35 metres at 2.08 g/t gold.

The company is led by an experienced management and technical team with extensive backgrounds across major and junior mining companies. Through the Metals Group platform, the leadership team has collectively raised more than $1 billion in public and private markets and is advancing a fully funded 2026 exploration program highlighted by active drilling at Kuma and planned exploration activities at Fauro.

Company Highlights

Two 100 percent owned drill-ready assets: The Oceania Project comprises the Kuma and Fauro copper-gold properties in the Solomon Islands.
Exceptional historical results: Exploration has returned values of up to 11.7 percent copper and 13.5 g/t gold at Kuma, 173 g/t gold at Fauro, and drill intercepts including 35 metres grading 2.08 g/t gold.
Located along a proven mineral trend: The projects are situated within the same regional copper-gold belt that hosts major deposits including Newmont’s 71.9 Moz Lihir gold mine.
One of the last underexplored Ring of Fire jurisdictions: The Solomon Islands, remains largely underexplored despite hosting geological characteristics associated with major porphyry and epithermal systems.
Large-scale discovery potential: Kuma hosts a kilometre-scale copper-gold anomaly and geophysical signatures consistent with porphyry-style mineralization, while Fauro contains seven identified prospects with multiple high-grade epithermal and porphyry-style targets.
Active 2026 exploration program: The inaugural drill campaign is underway at Kuma, with additional exploration planned at Fauro.
Experienced metals group leadership: Management and directors have collectively raised more than $1 billion and have a track record of building successful mining companies and generating shareholder returns.

Key Projects

The Oceania Project consists of the Kuma and Fauro properties, two 100 percent-owned copper-gold assets positioned within a highly prospective segment of the Pacific Ring of Fire. Together, the projects provide exposure to both porphyry copper-gold and epithermal gold mineralization styles in a region that remains significantly underexplored relative to its geological potential.

Sankamap Metals projects

Kuma Property

Sankamap Metals Kuma Property

The 43 square kilometre Kuma property is located approximately 37 kilometres southeast of Honiara on Guadalcanal Island and is considered a drill-ready porphyry target with potential for a large-scale mineralized system. Historical sampling returned values of up to 11.7 percent copper and 13.5 g/t gold, while exploration has defined a kilometre-scale copper-gold geochemical anomaly across the property.

Recent geophysical programs have identified resistive and conductive features consistent with porphyry-style mineralization and helped refine priority drill targets. Exploration has also identified a large alteration system and evidence of a potential porphyry copper-gold deposit that remains untested by drilling. The inaugural drill campaign is now underway, representing the first modern test of this highly prospective target.

Sankamap Metals Kuma Property Conceptual Model

Fauro Property

The 147 square kilometre Fauro property hosts a high-potential epithermal gold system with indications of a porphyry system at depth. Formed by the collapse of the Fauro calc-alkaline volcano, the property contains seven identified prospects, including three drill-ready targets and four additional exploration targets.

Historical exploration has produced significant gold results, including grab samples up to 173 g/t gold, trench results of 8 metres at 27.95 g/t gold, and drill intercepts of 35 metres at 2.08 g/t gold. Multiple targets, including Meriguna, Ballyorlo and Kiovakase, remain open for further exploration, while recent sampling returned values of up to 19.25 g/t gold and up to 4 percent copper, supporting the potential for both epithermal and porphyry-style mineralization.

Sankamap Metals Faur Property

With active exploration programs, multiple drill-ready targets, and exposure to one of the world’s most prospective yet underexplored copper-gold regions, the Oceania Project offers investors several near-term discovery opportunities.

Management Team

John Florek – Chief Executive Officer

John Florek is a professional geologist with more than 30 years of technical and senior management experience in the mining industry. He has worked with major mining companies including BHP, Placer Dome, Barrick, Teck, Detour Gold, Kirkland Lake Gold and Agnico Eagle, helping identify and advance projects from grassroots exploration through development. He currently serves on the board of McEwen Mining and is CEO, president and director of Emperor Metals.

John Williamson – Chairman, Co-Founder and Director

John Williamson is a professional geologist with more than 35 years of experience in the global mining sector. Founder of the Metals Group and more than 20 successful companies, he has raised over $1 billion through public and private markets and has established a strong track record of creating value and delivering shareholder returns.

Sean Mager – CFO and Director

Sean Mager brings more than 30 years of experience in the global mining industry, with expertise spanning corporate development, stakeholder relations, regulatory affairs, finance and operations. He is a co-founder of the Metals Group and has been involved in numerous successful mining ventures.

Krystle Adair – Vice President, Exploration

Krystle Adair is a professional geologist with more than 13 years of exploration experience across the Americas. She has managed exploration programs covering multiple deposit types in Canada, the United States and Peru and is a registered professional geologist in British Columbia.

Arthur Hannett – Director

Arthur Hannett is a professional engineer with more than 17 years of mining industry experience. He has worked with major operators including Placer Dome, Barrick, Glencore and Agnico Eagle and brings valuable regional experience as a national of Bougainville Island, Papua New Guinea.

Donald Marahare – Director

Donald Marahare is a seasoned legal professional with more than 20 years of experience in the Solomon Islands. As principal of DNS & Partners Law Firm, he has extensive expertise in civil litigation and commercial law and provides important local legal and governance insight to the company.

Sankamap Updates Status on Late Filing of Financial Statements; Extends MCTO

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