Mr. Bruce Hodgman reports

THE CANADIAN CHROME COMPANY ISSUING REPLACEMENT DEBENTURES IN PAYMENT OF SERIES 2023 DEBENTURES

The Canadian Chrome Company Inc. has exercised its option effective on April 24, 2026, to issue replacement debentures to the holders of the Series 2023 debentures issued by the company on April 24, 2023, May 26, 2023, and June 21, 2023. The replacement debentures are being issued in accordance with the terms of the Series 2023 debentures in payment of the outstanding aggregate principal amount of $2,198,500 payable on April 24, 2026, the maturity date of the Series 2023 debentures.

The replacement debentures will mature at the earlier of (i) April 24, 2028, and (ii) two business days after a change of control event and will bear interest at 5 per cent per annum, accruing daily, compounding annually from the date of issuance of such replacement debentures to the replacement maturity date, such payment to be made either (i) at the company's option, by payment in cash (other than in the event of a conversion) or (ii) by the issuance of units at a conversion rate equal to the 30-day volume-weighted average trading price of the multiple voting shares and of the company's subordinated voting shares adjusted for the 1:100 exchange rate between the multiple voting shares and the subordinate voting shares, as traded on the Canadian Securities Exchange (CSE) during the 30-day period ending on April 24, 2026, the maturity date of the Series 2023 debentures.

The replacement debentures are convertible into units at the replacement conversion rate at the holder's option at any time prior to payment in cash. Each such unit will be comprised of one multiple voting share and one share purchase warrant, with each such warrant enabling its holder to acquire one further multiple voting share from treasury upon payment of an exercise price of $3.00 per share at any time on or before the earlier of (i) the replacement maturity date, or (ii) the two business days after a change of control event.

All of the replacement debentures are subject to a four-month hold period from the date of issuance.

About The Canadian Chrome Company Inc.

The Canadian Chrome Company is an exploration-stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals including chromite in the Ring of Fire, as well as other base metals and strategic minerals and, where applicable, support for the development of transportation and electrification links to access remote areas where these deposits may be located.

We seek Safe Harbor.