Viridian Continues to Define Large-Scale, Near-Surface Mineralization at Kraken

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Closing of Private Placement

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Further to its press release date December 2, 2025, the Company confirms that it has raised no further funds pursuant to its non-brokered private placement (the “Offering“) consisting of the issuance of a combination of: (i) flow-through shares of the Company at a price of $0.75 per Flow-Through Share, and (ii) non-flow-through units of the Company at a price of $0.56 per Hard Dollar Unit.

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The Offering is now closed with no further change to the figures provided in the press release dated December 2, 2025.

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Change in Officers

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The Company further announces that Coulter Wright has stepped down as Corporate Secretary of Viridian to concentrate on his other business ventures. Viridian has appointed Andy Hunter as Corporate Secretary effective immediately.

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Viridian would like to thank Coulter for his service to the Company and welcome Andy to his new role.

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Grant of PSUs and RSUs

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The Company has announces that its board of directors has approved a grant of long-term incentive awards to officers and directors consisting of 50,000 stock options (the “Options“), 100,000 restricted share units (the “RSUs“) and 475,000 performance share units (the “PSUs“) pursuant to the terms of the Company’s Omnibus Equity Incentive Plan.

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The Options are fully vested on grant, have an exercise price of $0.72 per common share, being the closing price of the Company’s shares on the Canadian Securities Exchange on February 3, 2026, and will expire three years from the date of issuance.

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Each RSU and PSU will convert into one common share of the Company on each vest date or, at the discretion of the board of directors, may be settled in cash. The RSUs will vest one year from the date of grant. The PSUs will vest one year from the date of grant subject to the achievement of certain corporate performance criteria. 

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Qualified Person

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Tyrell Sutherland, P.Geo, President and CEO of Viridian Metals, who is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained in this news release.

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About Viridian Metals

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Viridian Metals is a pioneer and leader in generative metal exploration with a focus on environmental responsibility and ethical practices. Founded with the intention of discovering new critical metals deposits with the potential to transform the metal supply chain. We leverage innovative technologies and methods to enhance efficiency and sustainability in jurisdictions eager to be leaders in supplying the energy transition. Viridian maintains expertise in a range of critical metals with a primary focus on copper, nickel and cobalt in the near term. Our commitment to integrity and transparency fosters strong partnerships with both local and global stakeholders.

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For further information, please contact:

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Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Cautionary Statement Regarding Forward Looking Information

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This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Viridian with respect to future business activities and operating performance.  

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Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes, but is not limited to, information regarding: (i) the potential for positive results from further assays from drilling on the Kraken Project that are not yet received (ii) the business plans and expectations of Viridian; and (ii) expectations for other economic, business, and/or competitive factors in respect of Viridian.