Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - European Electric Metals Inc. (TSXV: EVX) (the "Company") is pleased to announce that it has entered into a mineral property purchase agreement dated November 28, 2025 (the "Purchase Agreement") with Storm Exploration Inc., a company listed on the TSX Venture Exchange, ("Storm") whereby the Company has agreed to acquire a number of mineral claims, patented claims and mining licence located in the Miminiska-Fort Hope greenstone belt in the Thunder Bay North Mining District, Ontario (the "Miminiska Gold Property" or the "Property").

To reflect this new direction, the Company also announces it will be changing its name to "Canadian Goldfields Discovery Corp." and will advise on timing of the name and symbol change prior to it occurring.

The Miminiska Gold Property is located approximately 350 kilometres (km) north of the city of Thunder Bay, 115 km east of the town of Pickle Lake, and approximately 40 km west of Fort Hope, Ontario. The property comprises 278 unpatented mining claims, 43 mining patents and 1 mining licence of occupation ("MLO"), covering a total area of 6,366.4 hectares (ha), distributed over three contiguous blocks named Miminiska Lake, Wottam Lake, and Frond Lake.

The Property is located within Eabametoong First Nation ("EFN") territory. There is a current (updated in 2025) Exploration Agreement in place with the EFN, which establishes a framework for ongoing cooperation and consultation and provides opportunities for the community to participate in the project through employment, training and business development.

The Property lies within the Miminiska - Fort Hope greenstone belt, approximately 150 km southeast of Orla Mining Ltd.'s Musselwhite Gold Mine. The Property is within the Uchi Subprovince, an east-trending, predominantly metavolcanic-metasedimentary belt in the Superior Province of the Canadian Shield. The Uchi Subprovince forms part of the North Caribou Terrane that hosts the prolific Red Lake Gold Mines, Musselwhite Gold Mine, and past gold producers (all off-Property), notably the Pickle Crow Mine located approximately 115 km west of the Property.

The Property is underlain predominantly by very well laminated locally turbiditic appearing units of interbedded wacke, quarzitic wacke and slate/argillite. Mafic volcanic units observed in the northeastern portion of the Property are massive to amygdaloidal in texture and are commonly strongly amphibole and biotite altered due to regional metamorphism.

All the rock units found on the Property are Early Precambrian in age, with the exception of a few north-trending diabase dykes of Middle Precambrian age. Quaternary deposits of glacial till, and glaciolacustrine and glaciofluvial sand and esker gravels now cover much of the bedrock. A major unit of banded oxide facies iron formation trends east-west across the northern portion of the Property based on the limited geological mapping and magnetic surveys.

Gold mineralization on the Property is primarily associated with banded iron formations and east-west striking shear zones over a length of 14 km across the Property.

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Exploration at the Property dates back to the early 1930s and 1940s, when the Miminiska, Frond, and Wottam Lake prospects were discovered.