Canamera Accelerates Turvolândia REE Program, Expanding Drill Program By 20% Following Hole TUV-AUG-014 Returning 3,255 Ppm TREO Over 13 Metres From Surface

(MENAFN- Newsfile Corp) Canamera Accelerates Turvolândia REE Program, Expanding Drill Program by 20% Following Hole TUV-AUG-014 Returning 3,255 ppm TREO over 13 Metres from Surface

April 23, 2026 6:00 AM EDT | Source: Canamera Energy Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - April 23, 2026) - Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) (" Canamera " or the " Company ") is pleased to provide an update on its ongoing auger drilling program at its Turvolândia rare earth project (" Turvolândia " or the " Project "), located in the state of Minas Gerais, Brazil, approximately 200 kilometres northeast of São Paulo.

To date, the Company has completed 83 auger drill holes totalling 969 metres of a previously planned 1,000-metre program. Drilling activities have focused on three defined grid areas, followed by regional wildcat drilling across the remaining portions of the property. Based on encouraging initial assay results, Canamera has elected to expand the program to a total of 1,200 metres, with the additional drilling focused on extending the eastern grid area to evaluate the continuity of mineralization identified to date. See Figure 1: Turvolândia Drill Plan, showing the locations of completed and proposed drill holes.

"Turvolândia is delivering against our exploration thesis, with hole TUV-AUG-014 returning 3,255 ppm TREO over 13 metres from surface and a peak grade of 6,431 ppm TREO, the details of which were announced on March 11, 2026," said Brad Brodeur, CEO of Canamera Energy Metals Corp. "These results warrant an expanded program, and we have accordingly increased the auger drilling from 1,000 to 1,200 metres. The definitive agreement announced April 20, 2026 for USA Rare Earth, Inc. (NASDAQ: USAR) to acquire Serra Verde Group - operator of Brazil's only producing rare earth mine - for approximately US$2.8 billion underscores the scale of M&A activity now focused on Brazilian ion adsorption clay REE production and the strategic role this deposit class is expected to play in Western critical mineral supply chains. Canamera is positioning a multi-project Brazilian ion adsorption clay REE portfolio into that market."¹

The Company's exploration strategy is focused on testing the regolith profile, particularly the saprolitic horizon developed over bedrock. The regolith at Turvolândia is interpreted to be derived from the weathering of Neoproterozoic orthogneiss units of the Machado Sheet, including the São Gonçalo, Elói Mendes, Paiolinho, Poço Fundo, Santa Luzia, and São João da Mata units. These orthogneisses represent metamorphosed granitoid protoliths, with the more evolved felsic varieties considered favourable for rare earth element ("REE") enrichment. Turvolândia also sits within a broader regional corridor of REE-fertile lithologies in southern Minas Gerais. The Company's exploration thesis is that prolonged tropical chemical weathering of these rocks may have produced ion adsorption clay ("IAC") style rare earth mineralization - a deposit class characterized by soft, near-surface saprolite hosting REEs adsorbed onto secondary clay minerals, typically amenable to low-cost free-dig open-pit mining and ion-exchange leaching with dilute electrolyte solutions.

Figure 1: Turvolândia Drill Plan

To view an enhanced version of this graphic, please visit:

Initial assay results from the Company's first batch of samples have been encouraging. Drill hole TUV-AUG-014 returned 3,255 parts per million ("ppm") total rare earth oxides ("TREO") over 13 metres from surface, (1,127 ppm magnetic rare earth oxides or "MREO"), including 5,486 ppm TREO (2,135ppm MREO) over 3 metres and a peak grade of 6,431 ppm TREO over 1 metre, (2,409 ppm MREO) (see Company news release dated March 11, 2026). In light of these positive results, the Company has elected to expand its auger drilling program from a previously planned 1,000 metres to 1,200 metres, with the additional drilling focused on extending the eastern grid area. The 615 meters of drill samples since the March 11^th news release have been sent in three batches to SGS Geosol (ISO 9001, 14001 and 17025 certified), Belo Horizonte, Brazil, using lithium metaborate (LiBO2) fusion followed by inductively coupled plasma optical emission spectrometry and mass spectrometry (ICP-OES/MS) for 49-element analysis, including all rare earth elements. The results from these batches should be received sometime in May. QA/QC program includes the regular insertion of certified reference materials (CRMs), blank standards and field duplicates. The Company looks forward to providing further updates as the program progresses.

The scientific and technical information in this news release has been reviewed and approved by Warren Robb, P.Geo. (British Columbia), VP Exploration of Canamera Energy Metals Corp. and a "Qualified Person" as defined by National Instrument 43-101 ("NI 43-101"). Mr. Robb is not independent of the Company within the meaning of NI 43-101.

For a discussion of the Company's QA/QC processes and procedures, please see its most recently-filed technical report, a copy of which may be obtained under the Company's profile at .

About Canamera Energy Metals Corp.

Canamera Energy Metals Corp. is a rare earth elements exploration and development company with an expanding project portfolio across Brazil, the United States, and Canada. The Company is focused on advancing ionic clay REE projects in Brazil and critical mineral assets in North America to support Western rare earth supply chain independence. For more information, visit .

MENAFN23042026004218003983ID1111022340