Phoenix Metals Strengthens Executive Team With Addition of…

VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Phoenix Metals Corp. (TSX: PCA) ("Phoenix Metals", or the "Company") is pleased to announce the appointment of Carol Li as Chief Financial Officer (“CFO”) of the Company, effective November 4, 2026.

Carol Li is a veteran mining finance executive with over 30 years of experience in financial reporting, budgeting and planning, capital project management, project financing, systems implementation, internal controls and process improvement. She most recently served as CFO of Amarc Resources Ltd. Prior to Amarc, Carol served as CFO of Ascot Resources Ltd. from 2017 to 2025 and served as VP Finance for KGHM International Ltd. from 2012 to 2017. She is a Canadian Chartered Professional Accountant.

Ms. Li is replacing Kelso Cartwright, former CFO of Phoenix Metals. As planned, Mr. Cartwright supported the Company through the IPO process and provided Phoenix Metals with support through the CFO recruitment process. Kelso will continue to support Phoenix Metals on a consulting basis to provide support and continuity for the Executive team.

Nick Campbell, President & CEO of Phoenix Metals, stated “Carol has a uniquely tailored depth of experience that will be invaluable to Phoenix as we advance the Greenwood Copper Gold District in British Columbia. Carol has helped establish systems and stewarded the transition from exploration to development and into production for multiple mining companies. Ms. Li also brings valuable recent experience working in British Columbia. We are very excited to have Carol join the team to help us advance the Greenwood Copper Gold District. We would like to thank Kelso Cartwright for his contributions to Phoenix Metals and wish him well in his future endeavors.”

About Phoenix Metals

Phoenix Metals Corp. is focused on the advancement of the Greenwood Precious Metals Project, a 12,000+ hectare copper-gold district located near Grand Forks, British Columbia, Canada. The Company was created in Partnership with the Osoyoos Indian Band whose traditional territories underly the Greenwood Precious Metals Project. Phoenix Metals is led by an accomplished group of serial mine entrepreneurs with shareholder alignment supported through substantial director ownership and technical bench strength provided through JDS executives and recognized industry experts.

For More Information, Contact:

Nicholas Campbell
President & CEO
999 West Hastings Street, #900
Vancouver, BC V6C 2W2
info@phoenixmetalscorp.com