Commencement of Ground-Based Geophysical Programme

4 March 2026

URU Metals Limited

("URU" or the "Company")

Commencement of Ground-Based Geophysical Programme

URU Metals Limited ("URU" or the "Company") is pleased to announce that line preparation activities commenced on 2 March along the survey lines required for the planned ground-based geophysical programme at the Zeb Nickel Project ("Project"). The line preparation is necessary to provide safe and continuous access for survey crews and equipment, and to ensure accurate data acquisition along the planned gravity and frequency-domain electromagnetic profiles.

The line preparation marks the start of the next phase of exploration, aimed at enhancing the resolution and refining the interpretation of the previously completed airborne geophysical surveys.

Ground-Based Geophysical Programme

The ground-based geophysical survey will be conducted over two priority survey areas (as outlined in the map below) and will include:

·      High-resolution gravity surveys

·      Frequency-domain electromagnetic surveys

These surveys are being undertaken to improve the resolution and accuracy of the airborne EM, magnetic, and gravity datasets previously completed across the Project.

Figure 1: Maps showing the ground-based geophysical survey areas, with the first survey area in the bottom-right of the maps and the second survey area in the top-left. Line preparations along the survey lines commenced in the first survey area on 2 March.

Purpose and Benefits

While the airborne surveys successfully identified several coincident gravity-magnetic-electromagnetic anomalies and confirmed the presence of a magmatic conduit system, ground-based geophysics provides:

·    Higher spatial resolution compared to airborne surveys

·    Improved anomaly definition and depth constraints

·    Enhanced discrimination between lithological contrasts and sulphide conductors

·    Greater confidence in prioritising drill targets

In particular, the frequency-domain electromagnetic survey is designed to better delineate conductive bodies that may represent semi-massive to massive nickel sulphide mineralisation associated with the interpreted magmatic conduit system.

The higher-resolution gravity data will further assist in mapping dense ultramafic bodies and identifying potential sulphide accumulations within structural trap-sites.

Together, these surveys are expected to significantly refine drill targeting and reduce exploration risk ahead of the next drilling phase.

CEO John Zorbas commented:

"The commencement of ground-based geophysics represents an important technical step forward for the Zeb Nickel Project. While the airborne programme successfully identified several compelling targets, the higher-resolution ground surveys will allow us to sharpen our focus on the most prospective semi-massive nickel sulphide targets. This work is designed to maximise the effectiveness of our upcoming drilling campaign. We are very excited about the programme now underway and look forward to the coming weeks and months. We will provide shareholders with regular updates as line preparation progresses, the surveys advance, and results are interpreted."

About the Company

URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com

For further information, please contact:

URU Metals Limited

John Zorbas

(Chief Executive Officer)

+1 416 504 3978

SP Angel Corporate Finance LLP

(Nominated Adviser and Broker)

Ewan Leggat / Caroline Rowe         + 44 (0) 203 470 0470