Fuse Battery Announces Extension dates for Subscription Receipt Financing and the RTO Transaction

(TheNewswire)

Coquitlam, BC, March 27, 2026 - TheNewswire – Fuse Battery MetalsInc. (“the Company” or “Fuse”) (TSXV: FUSE, OTCQB: FUSEF, FRA:43W3) announces that further to its news releasedated February 24, 2026 whereby the Company announced the amendmentsto the subscription receipt financing (“Financing”), the Companyhas now received an additional 30 day extension from the TSX VentureExchange (“Exchange”) to complete its previously announcedfinancing which is being done in connection with the Reverse Take-Over(“Transaction”). The Transaction has received shareholderapproval and conditional acceptance from the Exchange, and theExchange has also given the Company an additional 90 days to completethe Transaction.

In
accordance with Exchange Policy, the Company's shares are halted
from trading and will remain halted until such time as determined by
the Exchange, which, depending on the policies of the Exchange, may
not occur until the completion of the Transaction.

The
Company will provide further details in respect of the Transaction, in
due course, by way of news releases.

About Fuse Battery Metals Inc. https://fusebatterymetals.com

Fuse Battery Metals Inc. is a Canadian based exploration company that
trades under the symbol FUSE
on the TSX Venture Exchange. The Company's focus is on
exploration for high value metals required for the manufacturing of
batteries.

Ontario Cobalt Properties

Fuse owns a 100% interest its Glencore Bucke Property, situated in
Bucke Township, 6 km east- northeast of Cobalt, Ontario, subject to a
back-in provision, production royalty and off-take agreement. The
Glencore Bucke Property consists of 16.2 hectares and sits along the
west boundary of Fuse’s Teledyne Cobalt Project. The Company also
owns a 100% interest, subject to a royalty, in the Teledyne Project
located near Cobalt, Ontario. The Teledyne Property adjoins the south
and west boundaries of claims that hosted the Agnico Mine.

Glencore Bucke/Teledyne Property

Situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario the
Glencore Bucke Property adjoins, on its northeast corner, the former
cobalt producing Agaunico Mine. From 1905 through to 1961, the
Agaunico Mine produced a total of 4,350,000 lbs. of cobalt (“Co”),
and 980,000 oz of silver (“Ag”) (Cunningham-Dunlop, 1979). The amount of cobalt produced from the
Agaunico Mine is greater than that of any other mine in the Cobalt
Mining Camp. Production ceased in 1961 due to depressed Co
prices and over-supply (Thomson, 1964). The Glencore property is 100%
owned by Fuse Cobalt subject to a back-in provision, production
royalty and off-take agreement.

The associated Teledyne Property, located in Bucke and Lorrain
Townships, consists of 5 patented mining claims totaling 79.1 ha, and
46 unpatented mining claim cells totaling approximately 700 ha. The
Property is easily accessible by highway 567 and a well-maintained
secondary road.

Over CAD$25 million has been spent thus far, (2020 dollars
inflation-adjusted) on the Teledyne Property resulting in valuable
infrastructure including a development ramp and a modern decline going
down 500 ft parallel to the main cobalt mineralized vein. The Teledyne
Property is subject to a production royalty in favor of New Found Gold
and an off-take agreement in favor of Glencore Canada Corp., while the
Glencore Bucke Property is subject to a back-in provision, production
royalty, and an off-take agreement in favor of Glencore Canada Corp.
Glencore PLC is the world’s largest producer of cobalt. A significant portion
of the cobalt that was produced at the Agaunico Mine was located along structures (Vein #15) that extended southward towards
the northern boundary of the Teledyne Cobalt Property,
currently 100% owned by FUSE. Mineralization was generally
located within 125 ft (38.1 m) above the Huronian/Archean
unconformity. Stoping widths of up to 50 ft (15.2 m) were not unusual
at the Agaunico Mine (Cunningham-Dunlop, 1979).

On Behalf of the Board of Directors

“Tim Fernback”

Tim Fernback, President & CEO

Contact Information:

Email: info@fusebatterymetals.com

Phone: 236-521-0207

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-lookingstatements.

Completion of the Transaction andFinancing is subject to conditions, including final Exchangeacceptance. There can be no assurance that the Transaction or theFinancing will be completed at all.

Investors are cautioned that, exceptas disclosed in the management information circular dated November 17,2025 with respect to the Transaction, any information released orreceived with respect to the Transaction may not be accurate orcomplete and should not be relied upon. Trading in the securities ofthe Company should be considered highly speculative.

The Exchange has in no way passed upon the merits ofthe Transaction and has neither approved nor disapprovedthe contents of this newsrelease.

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