Metalite Resources Announces Grant of Stock Options

TORONTO, ON, September 24, 2026 – TheNewswire - Metalite Resources Inc. ( CSE: METL ) ( OTC: JNCCF ) ( FSE: D680 ) (" Metalite " or the " Company ") announces that its board of directors has approved the grant of an aggregate of 1,630,000 stock options (the “ Options ”) to certain directors, officers and consultants of the Company pursuant to the Company’s stock option plan. Stock Option Grant The Options are exercisable at a price of $0.25 per common share for a period of five years, expiring on September 24, 2031. Of the Options granted, an aggregate of 1,200,000 Options were granted to directors and officers of the Company. Of these, 1,050,000 Options vest immediately, with the remaining 150,000 Options vesting in equal tranches of 50,000 Options every six months over an 18-month period. An aggregate of 430,000 Options were granted to consultants of the Company. Of these, 390,000 Options vest immediately, with the remaining 40,000 Options vesting six months from the date of grant. The Options and any common shares issued upon exercise thereof are subject to the terms of the Company’s stock option plan and applicable requirements of the Canadian Securities Exchange (the “ CSE ”).