Mr. James Newall reports

QUEST CRITICAL METALS ANNOUNCES AMENDMENT TO NON-BROKERED PRIVATE PLACEMENT

Quest Critical Metals Inc. has amended the terms of the proposed non-brokered private placement previously announced on Feb. 28, 2025. The company now intends to raise up to $1.52-million through the issuance of up to 21,714,286 units at a price of seven cents per unit.

Each unit will comprise one common share in the authorized share structure of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at a price of 14 cents per warrant share for a period of 18 months from the date of closing.

The closing of the private placement may take place in one or more tranches as determined by the company and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval from the Canadian Securities Exchange.

All securities issued in connection with the private placement will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The company may pay certain eligible finders cash fees of up to 6 per cent of the gross proceeds raised in respect of the private placement from subscribers introduced by such finders to the company.

The gross proceeds of the private placement will be used for an initial drill program at the company's Tisvoa Klingenthal copper/cobalt property, and for general corporate and working capital purposes. The Tisvoa property is drill ready, following a geophysical survey that identified a very large, untested anomaly and confirmed the reinterpretation of the deposit as a VMS-style (volcanic massive sulphide) deposit.

We seek Safe Harbor.