Mr. Mike Garbutt reports
SHAREHOLDERS OF CLEAN AIR METALS AND FIORE-BACKED SPRINGBOK VENTURES OVERWHELMINGLY APPROVE PROPOSED TRANSACTION
Further to the joint press releases of Clean Air Metals Inc. and Springbok Ventures Inc., a Fiore-backed unlisted reporting issuer, of Oct. 15, 2026, Oct. 6, 2026, Sept. 22, 2026, Sept. 16, 2026, Aug. 10, 2026, and July 31, 2026, at Clean Air Metals' annual general and special meeting held on Nov. 13, 2026, and at Springbok's annual general and special meeting held on Nov. 13, 2026, the shareholders of each company overwhelmingly approved the proposed three-cornered amalgamation under the Business Corporations Act (British Columbia), pursuant to which Springbok and 1602037 B.C. Ltd. (Newco), a wholly owned subsidiary of Clean Air Metals, will amalgamate and continue as a wholly owned subsidiary of Clean Air Metals, and, immediately following the amalgamation, each Springbok shareholder, other than a dissenting shareholder, will receive 0.9 of a postconsolidation Clean Air Metals common share for each Springbok common share held. The transaction also contemplates Clean Air Metals' continuance to British Columbia, a preclosing one-for-10 consolidation of Clean Air Metals' common shares and a change of name to Dante Metals Corp.
The transaction was approved by approximately 100 per cent of the votes cast by the shareholders of Clean Air Metals at the Clean Air Metals meeting and by approximately 100 per cent of the votes cast by the shareholders of Springbok at the Springbok meeting. The closing of the transaction remains subject to final acceptance by the TSX Venture Exchange and the satisfaction or waiver of the remaining conditions precedent. Assuming that the remaining conditions to closing are satisfied or waived, the transaction is expected to be completed on or about Nov. 20, 2026. Springbok intends to apply to cease to be a reporting issuer under applicable securities laws as soon as reasonably practicable following the closing date.
The transaction is more fully described in the management information circulars of Clean Air Metals and Springbok, each available on the applicable company's SEDAR+ profile.
About Springbok Ventures Inc.
Springbok is an unlisted reporting issuer and mineral exploration company backed by the Fiore group, a mine-building and investment group with a proven record of discovering, financing and developing successful mining companies globally. The Fiore team brings extensive experience across capital markets, exploration, mine development, operations, and mergers and acquisitions, and its broader ecosystem includes West Red Lake Gold Mines, NexGold Mining, Nations Royalty, Selkirk Copper Mines, Cambria Gold Mines, Argenta Silver, Crossroads Gold and Pacific Ridge Exploration, among others. Springbok's principal asset is its interest in the Maude Lake property, located approximately 14 kilometres north of Schreiber, Ont., consisting of 95 contiguous mining claims covering approximately 2,017 hectares. The property hosts nickel-copper-platinum sulphide mineralization associated with the historical Nicopor occurrence, and has been the subject of extensive geological, geophysical and drilling programs that have identified multiple high-priority exploration targets with significant discovery potential.
About Clean Air Metals Inc.
Clean Air Metals is a development and exploration company advancing its flagship 100-per-cent-owned Thunder Bay North critical mineral project, 40 kilometres northeast of Thunder Bay, Ont., Canada. The TBN project, accessible by road and next to established infrastructure, hosts two deposits -- the Current and Escape deposits, only 2.5 km apart. Together, the deposits host a 14.9-million-tonne indicated mineral resource grading 2.66 grams per tonne platinum plus palladium, 0.40 per cent copper and 0.24 per cent nickel (National Instrument 43-101 preliminary economic assessment technical report, Thunder Bay North project, Ontario, Canada, SLR Consulting Canada Ltd., Nov. 21, 2025) with significant potential for expansion down plunge.
One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction, and benefits from long-standing relationships with local first nations. The TBN project has the potential to develop into a secure source of rare platinum metals, as well as other critical metals such as copper, nickel and cobalt for the North American manufacturing sector. With its proven technical team, Clean Air Metals is committed to advancing the TBN project and creating long-term value for shareholders.
Social engagement
Both Clean Air Metals and Springbok acknowledge that the Thunder Bay North critical mineral project is located within the area encompassed by the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwaabik Zaaging Anishinaabek and Kiashke Zaaging Anishinaabek.
They further acknowledge that the Maude Lake property is also located within the Robinson-Superior Treaty of 1850 area. This includes the territories of Pays Plat First Nation, Fort William First Nation, Biinjitiwaabik Zaaging Anishinaabek, Kiashke Zaaging Anishinaabek, Bingwi Neyaashi Anishinaabek and Long Lake 58 First Nations. Both companies also acknowledge the important history of the Metis Nation of Ontario, Region 2, and the Red Sky Metis Independent Nation.
They appreciate the opportunity to work in these territories, and remain committed to the recognition and respect of those who have lived, travelled and gathered on the lands since time immemorial. They are committed to stewarding indigenous heritage and to building, fostering and encouraging a respectful relationship with first nations, Metis and Inuit peoples, based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.
We seek Safe Harbor.
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