HIGHLIGHTS

• Six drill holes have confirmed the presence of a new zone of ferrosyenite, the same rock type as the current TG deposit resource, along a 500-metre portion of a 750-metre-long untested magnetic anomaly to date;
• These drill holes intersected this ferrosyenite over appreciable thicknesses, with the same lithological signature as the assayed TG deposit holes;
• This new zone is less than 150 metres East of the TG deposit, within the current 2025 pit shell design;
• Assay results for these 6 holes are pending. Scandium grades will be reported once results are received and validated.

Scandium Canada Ltd. (TSX-V: SCD) is pleased to announce the discovery of a new zone of ferrosyenite, the same rock type as the current TG deposit resource, at its Crater Lake scandium project in Nunavik, Québec. The zone, identified by drilling over a 500-metre portion of a previously untested magnetic anomaly corridor over 750 metres long, is located East of the TG deposit (“East Zone”) in an area that had not been drilled before.

The holes initially designed to test the TG deposit at depth, beneath the current MRE-2025 block model, were redesigned to drill through a 500m portion of the 750m long MAG anomaly corridor parallel to the TG deposit located within the existing 2025 pit design. The first of them intersected a zone of ferrosyenite that was unknown until now. A total of 6 holes have systematically intersected it near the surface so far, as pictured in Figure 1 below.

Assay results for these 6 holes have not yet been received. The Company cautions that the description of the lithologies in this press release is based on visual observation of the drill core. Visual observations are not a substitute for laboratory assays, and scandium grades will only be known once assay results are received and validated. Table 1 below describes the intersections discussed within this press release.

Quote from the President and CEO

“We’re very excited by this discovery, which highlights the broader potential of the Crater Lake property beyond our original exploration objectives! Thanks to the work done by our geologist, as we advance toward an updated Mineral Resource Estimate by year-end 2026, we continue to strengthen the foundation of our strategically important asset. Crater Lake is central to our market-to-mine strategy, positioning Scalium+ with a secure, long-term source of scandium oxide to support the ongoing commercialization of advanced aluminium-scandium alloys,” said Simon Thibault, President and CEO, Scandium Canada and President, Scalium+.

Figure 1: Location map of the new East Zone, East of the TG deposit.

DRILLING RESULTS

The new zone was identified through the Company’s historical air and ground MAG survey and defined with the newly acquired high resolution drone-MAG survey. The presence of historically favourable lithologies were confirmed by 6 drill holes located 146 m East of the TG deposit, as shown on Figure 1. These holes were initially planned to test the TG deposit at depth and to optimize the MRE 2025 block model. They were later modified to test the new East Zone. They intersected ferrosyenite lithologies similar to those found within the TG Deposit Resource area of 2025, in an area where no drilling had been done before. Together, the 6 holes (CL2026109, 110, 112, 113, 114 and 115) outline a ferrosyenite envelope of more than 500 metres long over the 750m long East Zone magnetic anomaly that remains open in all directions.

Assay results for these 6 holes will be reported once received and validated.

Table 1: 2026 drillhole intersections (New East Zone Area)

Note: Downhole drill core length represents a reported down hole drill significant intercept and not a calculated true thickness interval of the newly identified East Zone. The True thickness of the zones remains to be determined

 Figure 2: Location map of the new East Zone MAG Anomaly of the TG deposit.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Eric Kinnan, P.Geo. (OGQ No. 00788), an independent consulting geologist and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Scandium Canada Ltd.

Scandium Canada is a critical advanced materials company developing North America’s only vertically integrated primary source of scandium, from its Crater Lake project in Nunavik, Québec, to aluminum-scandium (Al-Sc) alloy products. Through Scalium+, its wholly owned commercialization subsidiary, the Company brings proprietary, patent-pending Al-Sc alloys and the Scalium® line of alloys and technologies to market today, while advancing the Crater Lake mining project for the future. This dual-engine strategy positions Scandium Canada to anchor a secure, resilient North American scandium supply chain and to shape the future of lighter, stronger and longer-lasting materials for advanced manufacturing end users, while committing itself to building a more responsible economy through innovation and agility.