GreenLight Metals Intersects 52.18m of 1.12 g/t Au (1.28% CuEq) Including 10.82m of 2.49 g/t Au (2.75% CuEq) at the Bend VMS Deposit in Wisconsin

Medford, Wisconsin--(Newsfile Corp. - July 22, 2026) - GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF) ("GreenLight" or the "Company") is pleased to report assay results from drill holes B26-009, B26-009W and B26-011 at its Bend copper-gold volcanogenic massive sulfide ("VMS") Project in Taylor County, Wisconsin. The results extend mineralization down-dip from the Company's 2025 and earlier 2026 drilling and further define broad, gold-bearing sulfide mineralization in the footwall crystal tuff on section A-A' and copper-rich massive to semi-massive sulfide mineralization on section B-B'. Eight Phase 2 drill holes, including the B26-009W wedge branch, have been completed or are in progress across three sections on the Company's leased forty-acre Soo Line mineral parcel. Assay results for B26-012 are pending, and drilling is continuing in B26-013. Results will be reported following receipt and validation of the assays.

Highlights Phase 2 Program Ongoing: The initial approximately 4,000-metre portion of the permitted 7,000-metre program is nearing completion. Subject to results and operating conditions, GreenLight plans an additional approximately 2,000 metres of drilling to continue testing the deposit along its interpreted 45°-50° eastward plunge.

B26-009: approximately 75-metre down-dip step-out from B26-007. The hole was terminated within the mineralized interval due to drill mechanical issues. 42.12m 1 grading 0.11% Cu, 1.31 g/t Au, 2.52 g/t Ag and 59.92 g/t Te (1.50% CuEq) from 415.00m. Including 15.40m 1 grading 0.12% Cu, 2.06 g/t Au, 2.98 g/t Ag and 111.12 g/t Te (2.31% CuEq) from 416.00m.

B26-009W: wedge branch from B26-009 completed through the full mineralized interval. 52.18m 1 grading 0.08% Cu, 1.12 g/t Au, 1.86 g/t Ag and 50.02 g/t Te (1.28% CuEq) from 423.34m. Including 10.82m 1 grading 0.11% Cu, 2.49 g/t Au, 2.65 g/t Ag and 103.21 g/t Te (2.75% CuEq) from 423.34m.

B26-011: down-dip extension below B25-006. 18.75m 1 grading 0.53% Cu, 0.93 g/t Au, 5.81 g/t Ag and 118.76 g/t Te (1.52% CuEq) from 423.40m. Including 10.07m 1 grading 0.96% Cu, 1.09 g/t Au, 9.98 g/t Ag and 191.35 g/t Te (2.12% CuEq) from 423.40m. Including 4.39m 1 grading 1.27% Cu, 1.65 g/t Au, 15.99 g/t Ag and 235.12 g/t Te (3.06% CuEq) from 429.08m.

Ongoing Work: B26-012 intersected a broad sulfide-bearing interval in the footwall crystal tuff and assays are pending. Drilling in B26-013 is continuing to test the copper-rich VMS horizon along strike and down-plunge.

Matt Filgate, President & CEO, commented: "These results come just days after Bend was posted to the U.S. Federal Permitting Dashboard as a FAST-41 Transparency Project, making this an important week for the project. B26-009W returned a 52.18-metre drilled interval of broad gold-bearing mineralization approximately 75 metres down-dip of B26-007, while B26-011 returned a higher-copper interval below B25-006. Together, these results improve our understanding of the relationship between the gold-bearing footwall zone and the copper-rich massive sulfide horizon. With assays pending and drilling continuing, our priority is to follow the system along its interpreted eastward plunge and test its depth and strike extent."

Phase 2 Drilling Results and Geological Context The Phase 2 program is testing the Bend deposit across three drill sections spanning approximately 200 metres of strike, with the objective of expanding mineralization at depth and along the interpreted 45°-50° eastward plunge. All drilling is being conducted on the Company's leased forty-acre Soo Line mineral parcel. The program is designed to follow mineralized intervals encountered at depth and refine the geological model for the Bend system. Stratigraphy across the drill area is consistent, with a sequence of rhyolite to dacite flows overlying interlayered fine-ash to lapilli tuffs. Immediately overlying the semi-massive to massive sulfide horizon are laminated exhalative cherty tuffs and argillites (...