Fulcrum Metals plc announced the start of a strategic sampling programme at the Teck-Hughes gold tailings project ("Teck-Hughes"), Canada. This milestone marks a significant step forward as the Company enters the first phase of a testing and study agreement with Extrakt Process Solutions LLC ("Extrakt"), which moves the Company closer to agreeing a Licensing agreement with Extract. Extract is a sustainable technology company using separation technology to extract metals from tailings without the use of cyanide.

The tailing's sampling programme is designed to evaluate the efficiency of Extrakt's processing technology in recovering gold and other by-products from the tailings at Teck-Hughes, estimated to be approximately 6,531,300 tonnes at 0.66g/tonne Au for 138,460 ounces contained Au. Phased development program Phase 1 - High-Level Gold Recovery Investigation: Initial high-level gold recovery investigation will serve as the primary evaluation of the enhanced gold recovery achievable through Extrakt technology. The data collected in this phase will validate and refine the technology and support the planned Phase 2. Phase 2 - Conceptual Study The conceptual study will provide Fulcrum with a first insight into the project viability using the information developed during Phase 1. According to the information available, the accuracy level of the study is approximately +- 50%.

Phase 3 - Laboratory Test Work: More detailed test work is required to optimize some of the leach parameters as well as develop necessary scale-up parameters for all the major equipment of the operation. Phase 4 - Economic Assessment Study The economic assessment study will provide a more accurate insight into the project viability using The more detailed test work results for the whole of the flowsheet. The accuracy of the study is aimed to be at a pre-feasibility level of +- 30% accuracy level.

On 30 November 2023, the Company announced that it had entered into an option to acquire 100% of the Teck-Hughes Gold Tailings project. Concurrently, it also entered advanced discussions with Extrakt to test its proprietary sustainable processing technology on the tailings found at the project. As part of the most recent campaign a total of 95 auger samples were collected and assayed at Actlabs in Timmins.

The highest sample assayed 1.73g/tonne Au with 72 of the 95 samples assaying between 0.5 to 0.8 g/tonne Au, the average being 0.66g/tonane Au. Based on the data from this sampling along with that of the drill programme from 1980 an estimate of the tonnage was calculated over the north, west and northeast arm of the tailings totalling 6,531,300 tons of material at 0.66g/tonne Au for 138, 460 ounces contained Au. Further information The various historic non-compliant resource estimates cited above have not been verified by Fulcrum and the tailings body requires detailed follow-up sampling along with appropriate QAQC and estimation by an independent qualified resource geologist in order to be able to report a resource compliant with established resource codes.

Technical Glossary "Au" gold "g" gram "g/t" grams per metric tonne "ICP" Inductively Coupled Plasma - an analytical technique that can be used to measure elements at trace levels "Kg" kilogram "QAQC" Quality Assurance and Quality Control "XRD" X-Ray Diffraction analysis - a non-destructive technique that provides detailed information about the crystallographic structure, chemical composition, and physical properties of a material.