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TUNG.CN ·

American Tungsten Corp. Announces Addition to Board of Directors

Management Changes

American Tungsten Corp. Announces Addition to Board of

Directors

Vancouver, BC, May 8, 2025 – American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF)

(FSE:RK9) (“American Tungsten ” or the “ Company”) announces today the appointment of

James (Jim) Whittaker to the Board of Directors of the Company (the “ Board”) and, the

resignation of Adam Virani from the Board. Th e Board extends its sincere appreciation to Mr.

Virani for his valuable contributions and lending his technical expertise during his tenure with the

Company and wishes him well in his future endeavours.

Mr. Whittaker is a highly experienced mining ex ecutive with over 35 years of global leadership

across operations, strategic development, and or ganizational transforma tion in the mining and

metals industry. A metallurgical engineer, Mr. Wh ittaker has held senior operational and project

development roles throughout the Americas. He currently serv es as Chief Oper ating Officer for

Capstone Copper, responsible for operations in Chile, U.S. and Mexico.

Prior to this, Mr. Whittaker was President of Escondida for BHP, overs eeing the world’s largest

copper operation, and previously has held seni or regional leadership roles at OceanaGold and

Barrick across the U.S., Argentina, and Peru. Mr. Whittaker holds a bachelor’s degree in Extractive

Metallurgy from Dalhousie University in Canada, and an Executive MBA from Queen’s Business

School in Canada.

“We are incredibly excited to welcome Jim to the Board. The addition of Jim’s technical and

operational expertise deepens our team’s depth of capabilities and I look forward to working

closely with him as we continue to advance our Idaho-based tungsten project, the IMA Mine,” said

Ali Haji, CEO of American Tungsten.

ABOUT AMERICAN TUNGSTEN CORP.

American Tungsten Corp. (previously Demesne Re sources Inc.) is a Ca nadian-based company

involved in the acquisition and e xploration of magnetite mineral properties. The Company's Star

Project consists of five contiguous mineral t itles covering an area of approximately 4,615.75

hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has

entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest

in the Star Project. American Tungsten has also entered into an option agreement, pursuant to

which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a

past producing underground tungsten mine situated on 22 patented claims located in East Central,

Idaho, United States. In addition, the Company has acquired surrounding mining rights at its IMA

Mine Project through the staking of 113 WMO federal lode mini ng claims covering an area of

1,988.6 acres (804.75ha).

Social media links:

LinkedIn: https://www.linkedin.com/company/americantungstencorp/

X: https://x.com/amtungsten

Facebook: https://www.facebook.com/americantungstencorp/

Instagram: https://www.instagram.com/americantungstencorp/

YouTube: https://www.youtube.com/@americantungstencorp

ON BEHALF OF THE BOARD OF DIRECTORS:

Ali Haji

Chief Executive Officer

1055 West Georgia Street, Suite 1500

Vancouver, BC V6E 0B6

Canada

For further information, please contact:

Ali Haji, Chief Executive Officer

Email: [email protected]

Phone: +1 (647) 871-4571

CSE:TUNG

OTCQB:DEMRF

FSE:RK9

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of

this release and has neither approved nor disapproved the contents of this press release.

This news release includes certain statem ents that may be deemed “forward-looking

statements”. All statements in this news release, other than statements of historical facts, that

address events or developments that the Com pany expects to occur, are forward-looking

statements. Forward-looking stat ements are statements that ar e not historical facts and are

generally, but not always, identified by the words “believes”, “expects”, “plans”, “anticipates”,

“intends”, “estimates”, “projects”, “potential” an d similar expressions, or that events or

conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes

the expectations expressed in such forward- looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results may

differ materially from those in the forward-look ing statements. Forward looking statements in

this news release include statements respectin g: (i) the IMA Mine Project and the mineral

prospects thereon, (ii) the Company's perfor mance of its obligations under the Option

Agreement, and the exercise of the option thereunder, and (iii) the Company's planned activities

on the IMA Mine Project. Factors that could cause the actual results to differ materially from

those in forward-looking statements include the receipt of regulatory approvals, market prices,

continued availability of capital and financing, and general economic, market or business

conditions. Investors are cautioned that any such statements are not guarantees of future

performance and actual results or developments ma y differ materially from those projected in

the forward-looking statements. Forward-looking statements are based on the beliefs, estimates

and opinions of the Company’s management on the date the statements are made. Except as

required by applicable securiti es laws, the Company undertakes no obligation to update these

forward-looking statements in the event that management's beli efs, estimates or opinions, or

other factors, should change.