XXIX Metal Corp Appoints Guy Le Bel to Board of Directors

On November 10, 2025, XXIX Metal Corp announced the appointment of Guy Le Bel as a member of its Board of Directors, effective immediately. The company, listed on the TSX Venture Exchange under the ticker symbol XXIX, recognized Le Bel’s critical contributions to the advancement of its Opemiska Project, which has seen significant progress over the past year.

Stephen Stewart, Chairman of XXIX Metal Corp, expressed satisfaction with Le Bel’s appointment, emphasizing its importance for the company’s governance. “His contributions to date have been critical in successfully progressing the Company’s Opemiska project, from an updated resource estimate in June 2025 to the successful completion of a robust preliminary economic study in October 2025,” Stewart stated.

Le Bel, who also serves as CEO of XXIX Metal Corp, has additional roles as Director at both Kintavar Exploration Inc. and Sirios Resources Inc.. The company also announced the resignation of Simon Kidston from the board, thanking him for his guidance during transformative periods, including the acquisition of Cuprum Corp. and the Thierry Copper Project.

Project Advancements and Economic Potential

XXIX Metal Corp is currently focused on advancing its two significant copper projects in Canada: the Opemiska Project and the Thierry Project. The Opemiska Project is notable for being one of Canada’s highest-grade open-pit copper deposits, covering 21,333 hectares in the Chapais-Chibougamau region of Quebec. The project benefits from strong infrastructure and proximity to the Horne Smelter.

The Preliminary Economic Assessment conducted in October 2025 outlined a plan for a 12,500 tonnes per day open-pit operation with a projected mine life of 17 years. The assessment indicated an after-tax Net Present Value (NPV) at 8% of $505 million, an Internal Rate of Return (IRR) of 27.2%, and a payback period of just 2.3 years, based on copper prices of $4.35 per pound, gold at $3,000 per ounce, and silver at $30 per ounce.

The Thierry Project, which includes both the near-surface K1 zone and the past-producing K2 zone, is well-equipped with infrastructure, including an all-season road, an airport within 5 kilometers, a provincial power grid within 8 kilometers, and nearby rail access. This combination of projects positions XXIX as a significant player in the Canadian copper sector.

Forward-Looking Statements and Financial Measures

In its announcement, XXIX Metal Corp included a caution regarding forward-looking statements related to the Opemiska Project’s economic potential. The Preliminary Economic Assessment is meant to provide an initial overview and contains various assumptions, which may impact the actual outcomes. The company notes that inferred mineral resources are speculative and may not always convert into indicated or measured resources.

Furthermore, the company has indicated possible eligibility for the Clean Technology Manufacturing Investment Tax Credit (CTM-ITC), enacted on June 20, 2024. However, there is no guarantee that XXIX will access this benefit.

As XXIX Metal Corp continues to develop its projects, it remains committed to transparency and providing stakeholders with accurate updates. For more information, interested parties can contact Guy Le Bel, CEO, at 514.654.8550 or via email at [email protected]. Additional details can be found on the company’s website at www.xxix.ca.