Metalite Completes Acquisition of District-Scale Launay Gold Property in Québec's Abitibi Gold Belt and Appoints Alex Storcheus as Executive Chairman

TORONTO, ON, July 13, 2026 - TheNewswire – Metalite Resources Inc. (CSE: METL) (OTC Pink: JNCCF) (FSE: D680) (" Metalite " or the " Company ") is pleased to announce that, further to its news release dated June 22, 2026, it has completed its previously announced acquisition (the " Transaction ") of a 100% interest in the Launay Gold Property (the " Property "), a district-scale gold project located in Québec's prolific Abitibi Greenstone Belt and has appointed Alex Storcheus as Executive Chairman of Metalite. Transaction Closing The Transaction was completed pursuant to the definitive asset purchase agreement dated June 19, 2026 among Metalite, Launay Gold Corp. (" LGC ") and Cachee Gold Mines Corp. (" Cachee ") Under the terms of the agreement, Metalite acquired a 100% undivided interest in the Property, subject to certain pre-existing net smelter return royalties, in consideration for the issuance of 6,000,000 common shares in the capital of Metalite (" Metalite Shares ") to LGC. The common shares issued in connection with the Transaction are subject to applicable resale restrictions, including an extended hold period expiring on the later of: (i) November 14, 2026 (being the dat

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