North Hemlo Drilling Update

First Class Metals PLC ("First Class Metals" "FCM" or the "Company"), the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, provides an update on the North Hemlo drilling results.

• Final assays return for 50% of the 400 samples
• Provisional values on the remainder
• Results being interpreted in parallel to other geochemical and geophysical information

The gold assays received, both final and provisional do not contain any >1g/t gold (Au) values with the highest assay being 117ppb. The full and final results are not expected to alter this. Over 100 samples returned gold values greater than detection. Furthermore, there are also anomalous molybdenum values coincident with albeit only slightly anomalous Au values. This is potentially significant and given their association with Hemlo style mineralisation there remains some encouragement.

Next steps will involve a thorough review of all geological geochemical and geophysical information in order to plan follow up exploration. The final results will be integrated with the anomalous soil samples as well as the VLF interpretation once completed. Given the encouraging provisional initial results from the LiDAR over the Sunbeam property area this is also a consideration going forward, given the structural relationship with the mineralisation previously identified is proving critical.

Marc J. Sale CEO First Class Metals Commented:

"Initial gold assay results as both final and provisional have returned a limited number of anomalous values and are below our expectations for this phase of drilling. Whilst the low number of gold anomalous assays returned might be interpreted as discouraging, the results and the other significant assays from previous work as well as the potential of the geophysics should be considered as vectors to the further exploration of the >3km trend which has previously demonstrated robust gold assays.

Additionally North Hemlo is a property of merit with a number of other significant exploration targets which will be advanced in parallel to further work at the Dead Otter trend"

Qualified Person

FCM acquired the Zigzag Project near Armstrong, Ontario in March 2023. The property features Li-Ta-bearing pegmatites in the same belt as Green Technology Metals' Seymour Lake Project, which contains a Mineral Resource estimate of 9.9 Mt @ 1.04% Li2O. Zigzag was successfully drilled prior to Christmas 2023 and results have now been released.

The Kerrs Gold property, acquired under option by First Class Metals in April 2024, is located in northeastern Ontario within the Abitibi Greenstone Belt, one of the world's most prolific gold-producing regions. The project holds a historical inferred resource of approximately 386,000 ounces of gold, underscoring its potential as a meaningful addition to FCM's expanding gold portfolio. Kerrs Gold complements the Company's exploration strategy and provides exposure to a well-established mining district. FCM is currently reviewing plans to advance the project and further unlock its value.