District Metals Begins Diamond Drilling at Viken Property in Sweden

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District Metals Corp. has commenced diamond drilling at its Viken Property in Jämtland County, central Sweden, with Arctic DS AB, a Swedish subsidiary of Arctic Drilling AS, resuming core drilling using most of its crew from Jämtland and Västerbotten Counties. The 2026 drill program is focused on Target Areas A and B, two large conductive anomalies identified by the Company's 2025 airborne MobileMT survey that remain largely untested by drilling, with historical 2008 drilling limited primarily to their periphery. Target Areas A and B lie approximately 1.7 km and 7.5 km, respectively, north to northwest of the Viken Energy Metals Deposit, and their conductive responses are larger and stronger than the signature associated with the Viken Deposit itself. The number of drill holes and total meters will be guided by geological observations and uraniferous radiometric measurements collected during drilling, forming part of District's approved 2026 exploration budget of approximately 5,000 to 7,000 meters across the Viken and Alum Shale Properties. CEO Garrett Ainsworth said the program is designed to determine whether the significant MobileMT conductive responses are associated with uranium and other energy metals mineralization similar to the Viken Deposit.

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