Grit Metals Initiates Fully Funded Drilling at High-Priority Central Finland Lithium Targets

Rhea-AI Summary

Grit Metals (OTCQB: EUEMF) has begun a fully funded 2,500 m maiden diamond drilling program (≈25 holes) across two Central Finland permits, Nabba and Jylhä. The program targets LCT pegmatites at Kyrölä and Mörkylä, the latter 1.5 km SE of Keliber's Leviäkangas deposit.

Drilling is expected to finish before the end of May 2026; assays and results will follow once holes are completed.

Positive

• 2,500 m fully funded maiden diamond drilling program
• Approximately 25 holes planned across Nabba and Jylhä permits
• Targets LCT pegmatites at Kyrölä and Mörkylä (near Keliber deposit)
• Drilling schedule: expected completion by end of May 2026

Negative

• No assay results yet; drill program is ongoing and outcomes are uncertain
• Maiden program scale may be insufficient to define a resource without follow-up drilling

Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - Grit Metals Corp. (TSXV: FIN) (FSE: K9T) (OTCQB: EUEMF) ("Grit" or the "Company") is pleased to provide an update on its 100% owned Central Finland Lithium Exploration Project, where a 2,500 m maiden diamond drilling program has commenced. The program aims to confirm surface anomalism with hard-rock lithium pegmatite intersections.

Highlights

• A fully funded 2,500 m diamond drilling program, with approximately 25 holes has commenced across two permits: Nabba and Jylhä.
• The program is targeting Lithium-Cesium-Tantalum (LCT) type pegmatites at Kyrölä and Mörkylä exploration targets (Figure 1).
• Mörkylä is situated 1.5 km SE of Keliber's Leviäkangas deposit, targeting a known mineralisation corridor.
• The drilling program is expected to be completed before the end of May 2026.

"I am extremely pleased with the speed at which our newly assembled technical team has progressed high-priority targets to a drill-ready stage," Chief Executive Officer of Grit Metals, Jeremy Poirer said. "Securing a drilling rig at short notice during what is traditionally a very busy winter/spring drilling season is a strong achievement and reflects the team's focus and execution. We look forward to the upcoming results and are excited about the continued advancement and value potential of the Central Finland Lithium Project."

Figure 1: Grit Metals' targets (red) and Keliber Project deposits (green), with drill targets announced in this release as red stars.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9006/289346_f6312caf14a33ad4_001full.jpg

QP statement

The technical content of this Management Discussion and Analysis has been reviewed and approved by Mr. Jake Clark, RPGeo., Vice President of Exploration, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Mineralisation on adjacent or nearby properties is not necessarily indicative of mineralisation on the Company's properties.

About Grit Metals Corp.

Grit Metals Corp. is a junior exploration company focused on lithium-cesium-tantalum pegmatites in central Finland. The Company's exploration licences are located within 1 km of Keliber's mine and production complex, a €600 million investment by Sibanye-Stillwater Limited in partnership with Finnish Minerals Group (www.mineralsgroup.fi). The Keliber complex, which is currently in commissioning, will comprise open-pit and underground mining, a central spodumene concentrator and a lithium hydroxide plant at tidewater in Kokkola, creating a complete hard-rock lithium supply chain in the region (source: www.sibanyestillwater.com).

On behalf of the board of directors of the Company:

Jeremy Poirier
Chief Executive Officer
Telephone: 604-722-9842

Neither 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.

Cautionary Statements Regarding Forward-Looking Information

This new release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements obtaining regarding regulatory approvals, including those of the TSX-V; the anticipated effects of the investor awareness campaigns; the future results of operations, performance and achievements of the Company, including the presence of lithium mineralization at, and the exploration and development potential of, the Finland Pegmatite Project. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct.

All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include obtaining regulatory approvals, including those of the TSX-V, in a timely manner or at all; Plutus performing its obligations under the Agreement as anticipated; market conditions supporting improved liquidity of the shares; economic conditions; mineral prices; and anticipated costs and expenditures; the costs of any anticipated work programs and the ability to fund such costs; required approvals in connection with any work programs and the ability to obtain such approvals; risks inherent in exploration as well as those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A.

The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law Readers are cautioned not to place undue reliance on forward-looking information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289346

FAQ

What is the size and scope of Grit Metals' March 2026 drilling program (EUEMF)?

The program is a fully funded 2,500 m maiden diamond drill campaign targeting ~25 holes. According to the company, drilling spans two permits (Nabba and Jylhä) and focuses on Lithium‑Cesium‑Tantalum pegmatite targets at Kyrölä and Mörkylä.

When will Grit Metals (EUEMF) complete its Central Finland drilling program?

Drilling is expected to be completed before the end of May 2026. According to the company, the team secured a rig quickly and aims to finish the ~2,500 m program within the winter/spring season window.

How close is Grit Metals' Mörkylä target to existing lithium deposits and why does it matter for EUEMF?

Mörkylä is located 1.5 km SE of Keliber's Leviäkangas deposit, indicating a shared mineral corridor. According to the company, proximity to known mineralisation increases geological prospectivity but does not confirm resources on Grit Metals' permits.

What geological targets is Grit Metals (EUEMF) testing in Central Finland?

The program targets Lithium‑Cesium‑Tantalum (LCT) pegmatites at Kyrölä and Mörkylä. According to the company, these pegmatite systems are typical hosts for hard‑rock lithium mineralisation and are the primary focus of the maiden drilling.

Will Grit Metals (EUEMF) need more drilling after the maiden 2,500 m program?

Additional drilling is likely if initial holes intersect significant pegmatite mineralisation. According to the company, the maiden 2,500 m campaign is designed to confirm surface anomalism and guide follow‑up programs based on assay results.

Who approved the technical content for Grit Metals' Central Finland drilling announcement (EUEMF)?

The technical content was reviewed and approved by Mr. Jake Clark, RPGeo, VP Exploration, a Qualified Person under NI 43‑101. According to the company, he verified the technical material in the disclosure.