Enerev5 Metals Appoints Douglas M. Flett to Board, Announces New Incentive Plan

Toronto, Ontario — February 12, 2026 — Leads & Copy —

Enerev5 Metals Inc. (TSX-V: ENEV) has announced the appointment of Douglas M. Flett, J.D., to its board of directors. The company also announced the adoption of a new long-term incentive plan (LTIP), subject to shareholder approval.

Flett, a lawyer and mining executive, brings more than two decades of board experience in the resource sector to Enerev5. He has served as a director of Canada Chrome Company (formerly KWG Resources Inc.) since 2006 and as a director of Silver Elephant Mining Corp. since 2023. His past directorships include Debut Diamonds Inc. and Tartisan Nickel Corp. Flett holds a law degree from the University of Windsor and is a graduate of the Rotman Institute of Corporate Directors SME Program.

Errol Farr, Chief Executive Officer of Enerev5, stated that Flett's appointment enhances the team's depth and experience during a critical growth stage, particularly concerning the Nevada lithium-in-clay acquisition, and will position Enerev5 to deliver long-term shareholder value.

The new long-term incentive plan (LTIP) will be presented to shareholders at the Company’s meeting on March 23, 2026, at the offices of Peterson McVicar LLP in Toronto. If approved, the LTIP will replace the stock option plan approved on September 25, 2023. The LTIP allows for the issuance of stock options, deferred share units, and restricted share units on a rolling basis, up to 10% of the issued and outstanding common shares.

Enerev5 Metals Inc. is focused on the identification and development of critical battery metals projects in mining-friendly jurisdictions. The company is advancing lithium and other critical metal exploration in northeastern Nevada and evaluates additional opportunities to support its long-term growth objectives.

Source: Enerev5 Metals Inc.