(MENAFN- Newsfile Corp) Vancouver British Columbia--(Newsfile Corp. - November 20, 2025) - Antler Hill Mining Ltd. (TSXV: AHM.H) (the " Corporation " or " Antler Hill ") is pleased to announce details concerning its proposed qualifying transaction (the " Transaction ") involving a proposed business combination with Olympic Metals Ltd. (" Olympic "), a private company incorporated under the laws of British Columbia.

Olympic is a copper development company focused on advancing its Pukaqaqa Copper Project located in Huancavelica, Peru (the " Pukaqaqa Project "). The Pukaqaqa Project was previously permitted for production and hosts a copper deposit which Olympic aims to optimize and begin the permitting process for immediately. Olympic has also identified other opportunities in Peru which management of Olympic believes align with its goal of becoming a copper producer.

The Corporation has entered into a non-binding letter of intent with Olympic dated November 19, 2025 (the " LOI ") pursuant to which the Corporation and Olympic intend to complete the Transaction by way of share purchase, plan of arrangement, amalgamation, or alternate structure to be determined, having regard to relevant tax, securities and other factors, to form the resulting issuer to be named Olympic Metals Ltd. Pursuant to the proposed Transaction, (i) the outstanding common shares of Antler Hill will be consolidated on the basis of one "new" common share (a " Resulting Issuer Share ") for a number of "old" common shares of Antler Hill to be determined in the context of the Concurrent Financings (defined below) (the " Consolidation "); and (ii) each issued and outstanding common share of Olympic (" Olympic Share ") will be exchanged into one Resulting Issuer Share at an exchange ratio to be determined by the Corporation and Olympic.

Prior to the completion of the Transaction, Olympic will use commercially reasonable efforts to complete one or more private placements (the " Concurrent Financings ") to raise aggregate minimum gross proceeds of $30,000,000, the terms and conditions of which will be determined based on the market conditions at the time of the Concurrent Financings. The Concurrent Financings are expected to be completed prior to the closing of the Transaction. In connection with the completion of the Transaction, any securities of Olympic issued pursuant to the Concurrent Financings shall automatically convert into Resulting Issuer Shares upon the same terms as existing Olympic Shares, as further described above.

A more comprehensive news release will be issued by the Corporation disclosing details of the Transaction, including financial information respecting Olympic, further details regarding the Concurrent Financings, the names and backgrounds of all persons who will constitute insiders of Antler Hill upon completion of the Transaction, and information respecting sponsorship, once certain conditions have been met, including:

(i) approval of the Transaction by the boards of directors of the Corporation and Olympic;
(ii) satisfactory completion of due diligence; and
(iii) execution of a formal agreement.

In the event a final agreement is not reached, the Corporation will notify shareholders via news release.

Shareholder approval is not anticipated with respect to the Transaction under the rules of the Exchange. However, the structure of the Transaction has not yet been finalized so shareholder approval under corporate law or applicable securities laws may be required and a meeting of shareholders of the Corporation may be held prior to the closing of the Transaction to approve one or more of the Consolidation, a new stock option plan, electing the board of directors as well as other matters. Trading in the common shares of the Corporation will remain halted and is not expected to resume until the Transaction is completed or until the Exchange receives the requisite documentation to resume trading.

ABOUT THE CORPORATION

Antler Hill Ltd. is a capital pool company (a " CPC ") that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the Exchange's CPC Policy, until the completion of its qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

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