Cornish Metals announces PMMR deal

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Cornish Metals Inc. ( AIM/TSXV: CUSN,OTC:SBWFF ) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its wholly owned and consented South Crofty tin project in Cornwall, United Kingdom, announces that on October 8, 2025, it was notified that Chief Development Officer, Mr. Fawzi Hanano, has acquired 250,000 ordinary shares purchased at a price of 8.01 pence per share.

Following this purchase, Mr. Hanano has an economic interest in 1,250,000 ordinary shares representing 0.10% of the issued share capital of the Company.

The notice below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

ABOUT CORNISH METALS

Cornish Metals is a mineral exploration and development company bringing the South Crofty tin project to production. South Crofty:

• is a historic, high-grade, underground tin mine located in Cornwall, United Kingdom and benefits from existing mining infrastructure, including multiple shafts that can be used for future operations;
• may begin underground mining (valid until 2071), construction of a new processing facility and all necessary site infrastructure;
• would be the only primary tin producer in Europe or North America. Tin is a critical mineral as defined by the British, American and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. About two-thirds of the tin mined today comes from China, Myanmar and Indonesia;
• benefits from strong support from the local community, regional and national government, with a growing team of skilled people, local to Cornwall, and could generate more than 300 direct jobs.

ON BEHALF OF THE BOARD OF DIRECTORS

“Don Turvey”
Don Turvey
CEO and director

Contact us directly via our investor hub. Register at: https://investors.cornishmetals.com/link/Pq2kOy

For additional information please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Caution Regarding Forward-Looking Statements

This press release may contain certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”). Forward-looking statements include forecasts, projections, prospects, guidance, estimates and forecasts and other statements regarding future plans, the realization, costs, timing and extent of estimates of mineral resources or mineral reserves, estimation of commodity prices, exchange rate fluctuations, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting timelines, additional capital requirements and the Company’s ability to obtain financing when necessary and on terms acceptable to the Company, the future or estimated life of the mine and other operations or performance of Cornish Metals. Forward-looking statements are often, but not always, identified by the use of words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “predict,” “expect,” “potential,” “project,” “goal,” “plan,” “budget,” and “intend” and statements that an event or outcome “may,” “will,” “should,” “could,” “would” or “would” can’ take place or be achieved and other similar statements. expressions and includes their negatives. All statements other than statements of historical fact included in this press release are forward-looking statements that involve various risks and uncertainties and no assurance can be given that such statements will prove to be accurate or that actual results and future events may differ materially from those anticipated in such statements.

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to: risks related to the receipt of regulatory approvals, risks related to general economic and market conditions; risks associated with the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in mineral resources or quality; expected dates for starting mining activities; the failure of facilities, equipment or processes to operate as expected; accidents, labor disputes, property disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining activities, tax rules and regulations. The list is not exhaustive of the factors that could affect Cornish’s forward-looking statements.

Cornish Metals’ forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and, therefore, readers are cautioned not to place undue reliance on forward-looking statements. Cornish Metals assumes no obligation to update any forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law.