Toronto, Ontario--(Newsfile Corp. - August 28, 2026) - Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) ("Libra" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for aggregate gross proceeds to the Company of $700,000 consisting of (i) 5,000,000 common shares of the Company (the "HD Shares"), at a price of $0.10 per HD Share, for gross proceeds of $500,000; and (ii) 1,538,462 common shares of the Company that qualify as "critical flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "CMETC FT Shares"), at a price of $0.13 per CT Share for gross proceeds of $200,000. The Company reserves the right to increase the size of the Offering up to $1,300,000 to provide for the issuance of up to (i) 10,000,000 HD Shares at a price of $0.10 per HD Share, for gross proceeds of $1,000,000; and (ii) 2,307,692 CMETC FT Shares at $0.13 per CMETC FT Share, for gross proceeds of $300,000.