Mr. Farshad Shirvani reports

CASA MINERALS INC. ANNOUNCES WARRANT EXTENSION

Casa Minerals Inc. has provided an update on an aggregate of 21,014,200 common share purchase warrants. The warrants were issued to its May 20, 2021, private placement, in two tranches of 16.4 million and 3.6 million warrants, as well as its July 5, 2021, private placement, in one tranche of 1,014,200 warrants. The company intends to extend the expiry date from Feb. 20, 2024, to a new expiry date of Feb. 20, 2025, for all warrants.

The warrants were granted a previous repricing by the TSX Venture Exchange on July 28, 2023, and have an exercise price of 10 cents. Management believes that extending the expiry date should encourage their exercise to help finance work programs planned for this field season at the company's projects.

As an additional incentive, Casa is proposing bonus warrants to all warrant holders who exercise their warrants. The bonus warrants will have an exercise price of 10 cents and expire 12 months from the date of issuance. The bonus warrants shall be subject to an acceleration clause. If the volume-weighted average closing price of the shares on the TSX Venture Exchange is greater than 17 cents for five consecutive trading days, then the company may, at its sole option, elect to provide notice to the bonus warrant holders, which acceleration notice may be provided by news release, that the bonus warrants will expire at 4 p.m. (Vancouver time) on the date that is 30 days from the date of the acceleration notice. In such instance, all bonus warrants that are not exercised prior to the accelerated expiry date will expire on the accelerated expiry date.

The warrants are subject to an acceleration clause. If the closing price of the shares on the TSX Venture Exchange is greater than 45 cents for 10 consecutive trading days, then the company may, at its sole option, elect to provide notice to the holders of the warrants, which acceleration notice may be provided by news release, that the warrants will expire at 4 p.m. (Vancouver time) on the date that is 30 days from the date of the acceleration notice. In such instance, all warrants that are not exercised prior to the accelerated expiry date will expire on the accelerated expiry date.

The amendment of the warrants is subject to approval of the TSX Venture Exchange.

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-foot depth and beyond. and in addition the company owns an 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 nor been in production since 1992. Additionally, the company owns a 100-per-cent interest in the polymetallic Pitman and Keaper properties (British Columbia, Canada) and has an option to acquire a 75-per-cent interest in the Arsenault VMS property (British Columbia, Canada).

We seek Safe Harbor.