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Manganese X Energy Corp. Announces Interim Chief Financial Officer

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Executive Summary

Manganese X Energy Corp. announced a key leadership transition with the appointment of Andrew Gainsbury as interim Chief Financial Officer, effective immediately. Gainsbury, who previously served as the company's Controller, brings extensive credentials including CFA and CMA designations along with over 16 years of experience in financial management across Canadian and Brazilian markets. His background includes senior roles at publicly-listed Canadian junior mining companies, chief financial officer position at a major Brazilian engineering firm, and senior consulting experience with Deloitte.

The appointment comes as former CFO James Richardson temporarily steps away from his duties due to medical reasons, though he remains on the company's board of directors. This leadership change occurs during a critical period for Manganese X as the company works to advance its Battery Hill project in Quebec, positioning itself to become the first publicly-traded manganese mining company in North America focused on EV-grade high-purity manganese production.

The timing of this appointment reflects the company's strategic focus on supplying the North American lithium-ion battery supply chain, an increasingly important sector as electric vehicle adoption accelerates. Gainsbury's expertise in strategic management, mergers and acquisitions, and fundraising could prove valuable as the company progresses toward commercialization of its manganese operations. His experience in corporate restructuring and international markets may also support the company's goal of developing more efficient, carbon-friendly processing methodologies while maintaining competitive cost structures.
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Press Release

Manganese X Energy Corp. Announces Interim Chief Financial Officer

Montreal, Quebec – March 5, 2026 – Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC) (TRADEGATE: 9SC) (OTCQB: MNXXF) (“Manganese X” or the “Company”) announces the appointment of Andrew Gainsbury, formerly the Company’s Controller, as acting Chief Financial Officer on an interim basis.

Mr. Gainsbury, CFA, CMA, has over 16 years of experience in financial management and consulting in both Canada and Brazil. His most recent experience includes serving as Controller for several publicly-listed Canadian junior mining companies. Previously, he was Chief Financial Officer of a Brazilian engineering firm with over 800 employees, as well as a senior consultant leading corporate finance projects across multiple industries for Deloitte in Brazil. He specializes in strategic management, mergers and acquisitions, fundraising, as well as corporate restructuring. He holds an MBA from McGill University and has earned his CFA and CMA designations.

Mr. Gainsbury replaces James (Jay) Richardson, who has temporarily stepped away from his duties as Chief Financial Officer for medical reasons. Mr. Richardson remains a director of the Company. The Company wishes Jay a speedy and full recovery.

About Manganese X Energy Corp.

Manganese X’s mission is to advance its Battery Hill project into production, thereby becoming the first public actively traded manganese mining company in Canada and the U.S. to commercialize EV compliant high-purity manganese, potentially supplying the North American supply chain. The Company intends on supplying value-added materials to the lithium-ion battery and other alternative energy industries, as well as striving to achieve new carbon-friendly, more efficient methodologies, while processing manganese at a lower, competitive cost.

For more information, visit the Company’s website at www.manganesexenergycorp.com.

On behalf of the Board of Directors of

MANGANESE X ENERGY CORP.

Martin Kepman CEO and Director Email: martin@kepman.com Tel: 1-514-802-1814

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.

Cautionary Note Regarding Forward-Looking Statements:

This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Manganese X, are forward-looking statements. Forward-looking statements in this news release relate to the Company’s goals and plans for 2024, including, among other items, its pilot plant project and PFS. 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. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Manganese X, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. These risks, as well as others, are disclosed within the Company’s filings on SEDAR+ (www.sedarplus.ca), which investors are encouraged to review prior to any transaction involving the securities of the Company. Readers should not place undue reliance on the forward-looking statements. Manganese X does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

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