Mr. Farshad Shirvani reports

CASA MINERALS INC. WISHES TO CLARIFY WARRANT REPRICING AND EXTENSION

Casa Minerals Inc., as requested by the TSX Venture Exchange, is providing a clarification of its press release from May 10, 2023, with the title "Casa Minerals Inc. Reprices Warrants, Extends Expiry Date, and Proposes Exercise Incentive Program."

The TSX Venture Exchange has started the review process and is currently working on the expiry date extension of the warrants as set out in the previous announcement.

Further steps of repricing and arranging the warrant incentive program, as announced on May 10, 2023, will be reviewed thereafter.

The repricing of the warrants is subject to prior consent of all warrant holders and also the approval of the TSX Venture Exchange. The company will be reaching out to its current warrant holders.

Casa will be announcing any updates on this process as they may occur to keep its valued shareholders informed.

About Casa Minerals Inc.

The company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the United States. Casa owns 90-per-cent interest in the Congress gold mine (Arizona) in the patented claims from 40 feet depth and beyond, and in addition the company owns undivided 100-per-cent interest in 25 claims (494.48 acres) of unpatented ground adjacent to the Congress gold mine. This historic high-grade gold-producing mine has not been explored or been in production since 1992. Additionally, the company owns a 100-per-cent interest in the polymetallic Pitman and Keaper properties (British Columbia) and has an option to acquire a 75-per-cent interest in the Arsenault volcanogenic massive sulphide property (B.C.).

We seek Safe Harbor.