Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) (FSE: FR2) ("Hayasa" or the "Company") is pleased to announce the successful completion of its Phase 2 diamond drill program at its 100%-owned Urasar Mineral District in northern Armenia; and the planned commencement of the 2025 drill campaign at the Company's Vardenis copper-gold project, 20kms along strike from the Amulsar deposit.

During June and July 2025, a total of 2,040.1 meters were drilled across eleven diamond drill holes at the Urasar project. The program targeted five prospects along the 15 km-long mineralized corridor, including:

• Western Zone: Copper Creek, Oxide Basin, and Golden Vein
• Eastern Zone: Black River and Brick House

Approximately 400 core samples from drill holes UDD-010 through UDD-016 have been submitted for preparation and laboratory analysis. Assay results are expected in late September this year. Logging, cutting, and processing of the remaining holes are ongoing. Detailed summaries of the drill program, including tables and maps, are provided in the figures below.

Figure 1. Urasar Phase 2 Drill Hole Summary

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Figure 2. Drill hole locations: 2025 (light blue), 2024 (magenta)

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Figure 3. Western area of license: Oxide Basin, Copper Creek, Golden Vein

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Figure 4. Black River drill hole traces with IP lines

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Commencement of 2025 Drill Program at Vardenis

Hayasa is also pleased to announce that the 2025 Vardenis drill campaign will begin in mid-August. The program will consist of eight to ten drill holes, totaling a minimum of 3,400 meters, targeting the northern portion of the 94 km² license area. This region hosts the most promising molybdenum anomalies and low-resistivity/high chargeability zones identified through the 2024 Induced Polarization (IP) survey and a recently completed magneto-telluric (MT) survey.

Drill pad construction is currently underway, and final planning of drill hole locations is in progress. An updated drill plan map will be released at the start of the campaign.

Chairman & President Commentary

Dennis Moore, President, and Qualified Person for Hayasa Metals, commented:

"This is an exciting time for our Company. We've put significant effort into preparing for these drill campaigns-conducting MT surveys, improving road access, and working closely with geological specialists and local contractors. The 2,000-meter, eleven-hole program at Urasar has concluded successfully, and I'm particularly encouraged by the copper sulfide mineralization observed in most holes, especially those from the Golden Vein area."

Moore continues: "We're now turning our focus to Vardenis. With its extensive alteration footprint-the largest in Armenia-and strong geophysical and geochemical signatures, we believe Vardenis has the potential to host a Tier-1 porphyry copper-molybdenum deposit. Interest from several major mining companies underscores this potential. This next drill program is a critical step toward testing that thesis."

CEO Commentary

Joel Sutherland, CEO for Hayasa Metals, commented:

"Congrats to the team in the field for completing the second 2,000m program at Urasar in less than 9 months. Investors should understand that the team at Hayasa has done an exceptional amount of work with limited resources including: a just completed Magneto-Telluric survey at Vardenis and Urasar, and incorporating findings from Simon Meldrum's analysis. Additionally, at both properties: we've completed an IP survey, performed additional soil sampling, and finished the ground mag survey. Not to mention the addition of two high quality targets in our project pipeline identification. Given the visible metal in the box at Urasar, we look forward to the assays out in September and getting started on Vardenis."

Figure 5. Select core photos from 2025 Urasar 2,000m drilling campaign

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About Hayasa Metals

Hayasa Metals Inc. is a copper and gold exploration company focused on advancing its highly prospective projects in Armenia. The Company is committed to responsible exploration and sustainable development practices while creating long-term value for shareholders.

Qualified person

The content of this news release was reviewed by Dennis Moore, Hayasa's President and Chairman, a qualified person as defined by National Instrument 43-101.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including, without limitation, statements regarding future exploration programs at Vardenis and Urasar. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by Canadian securities law.

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