15 April 2026

URU Metals Limited

("URU" or the "Company")

Ground-Based Geophysical Survey to Start Following Completion of Line Preparation

URU Metals Limited ("URU" or the "Company") is pleased to announce that line preparation has been completed across both priority survey areas for the planned ground-based geophysical programme at the Zeb Nickel Project.

The ground-based gravity survey is scheduled to commence today, 15 April 2026, with the frequency-domain electromagnetic ("FDEM") survey expected to commence shortly thereafter. The programme forms part of the next phase of exploration aimed at enhancing the resolution of the previously completed airborne geophysical surveys.

The airborne programme successfully identified several compelling coincident gravity-magnetic-electromagnetic anomalies interpreted to be associated with a magmatic conduit system linking the Uitloop ultramafic bodies. The higher-resolution ground-based surveys are expected to refine these anomalies, improve target definition, and better constrain the geometry of conductive bodies potentially associated with semi-massive nickel sulphide mineralisation.

The results of the gravity and FDEM surveys will support prioritisation of drill targets and maximise the effectiveness of the Company's upcoming drilling campaign.

Figure 1: Map showing the ground-based geophysical survey areas, including the adjacent Ivanplats Mining Right and mine shaft. The gravity survey along the planned lines commenced on 15 April 2026.

CEO John Zorbas commented:

"We are very pleased to have completed line preparation across both survey areas and to now be commencing the ground-based geophysical programme. 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 progress being made and look forward to the coming weeks and months as the surveys advance. We will continue to provide shareholders with regular updates as results become available."

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 / Devik Mehta

+ 44 (0) 203 470 0470