Publication of Zeb Nickel Project Investor Graphic

URU Metals Limited ("URU" or the "Company") is pleased to announce that it has published a new set of investor graphics on its website to assist shareholders and prospective investors in understanding the regional setting, geological context, size and recently announced ground geophysics results at the Company's Zeb Nickel Project in Limpopo, South Africa.

The graphics are available at: https://urumetals.com/index.php/projects/

The graphics are intended to illustrate, in visual form, information previously announced by the Company in relation to the Zeb Nickel Project, including the recently completed ground gravity and frequency-domain electromagnetic survey work over Targets 1 and 2. No new assay results, drilling results or mineral resource estimates are being reported in this announcement.

The newly published graphics comprise:

• Regional satellite image showing the Zeb Nickel mining right in relation to the Northern Limb of the Bushveld Complex, including the location of nearby major PGM-nickel-copper operations and projects, including Valterra Platinum's Mogalakwena operations and Ivanhoe Mines' Platreef Project. This image is produced to illustrate the asset size and proximity in comparison to more established major operators in the area.
• Regional geological image over the same area, showing the interpreted geological setting, the Platreef / reef outcrop position and the broader feeder-system context relevant to the Company's exploration model at Zeb Nickel. The image has been produced to document the scale of the anomaly that we are working to prove up.
• Detailed ground geophysics image showing the recently completed ground gravity and electromagnetic results over Target 1 and Target 2, highlighting the priority areas being integrated into the Company's 3D geological model for drill targeting. Image 3 produced to evidence the scale at which the electromagnetic work has produced positive results and its favourable location with respect to the magmatic plumbing system, supporting the geological model.

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The Company believes that these graphics will assist investors in understanding the scale, location and geological significance of the Zeb Nickel Project, particularly the relationship between the interpreted feeder system, the recently refined geophysical targets and the broader Northern Limb setting alongside the existing majors that already operate in the area.

As previously announced, Target 1 remains the Company's priority follow-up target following the completed ground geophysics programme. The ground survey work has helped confirm and refine areas where conductive and dense geophysical responses occur in close proximity to the interpreted feeder system - a setting which the Company considers prospective for nickel-copper-PGE sulphide mineralisation.

Target 2 remains of geological interest, but is currently ranked as a secondary follow-up area behind Target 1. The purpose of the completed ground survey programme was to reduce uncertainty, improve target definition and assist the Company in ranking targets before finalising the next phase of drilling.

The Company will continue to integrate the ground geophysics results into its 3D geological model and refine the ranking, positioning and sequencing of drill targets across the Project. Once a drilling programme is finalised and a drilling contractor chosen the Company will update the market with anticipated drill dates.

Richard Montjoie, Exploration Manager of URU Metals, commented:

"These new graphics are intended to help investors see the bigger picture at Zeb Nickel. The Project sits in a highly prospective part of the Northern Limb of the Bushveld Complex, close to major established and advanced PGM-nickel-copper projects.

The recent ground geophysics has provided us with a much clearer view of Targets 1 and 2. Importantly, at Target 1 we have a compelling combination of geophysical responses in the right geological position, adjacent to the interpreted feeder system, where we would expect to see accumulations of dense and conductive material.

The next step is to complete the integration of these datasets into our 3D geological model and finalise a disciplined, ranked drill plan. The graphics now published on our website should help shareholders understand why this work is important and how it fits into the exploration model at Zeb Nickel and the broader mining district on Northern Limb of the Bushveld Complex area."