Mr. Farshad Shirvani reports

CASA MINERALS ANNOUNCES CLOSING OF THIRD AND FINAL TRANCHE OF PRIVATE PLACEMENT

Casa Minerals Inc. has closed the third and final tranche of its previously announced non-brokered private placement.

Pursuant to the third tranche, the company issued an aggregate of 1.95 million non-flow-through units at a price of seven cents per unit for gross proceeds of $136,500. Combined with the first and second tranches, the offering raised aggregate gross proceeds of $2,605,150 through the issuance of 20.8 million flow-through units and 7,502,141 non-flow-through units.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of 15 cents per share until Nov. 9, 2028.

All securities issued pursuant to the third tranche will be subject to a hold period of four months and one day from the date of issuance, expiring March 10, 2027, during which period any resale or other transfer will be restricted in accordance with applicable securities laws.

Net proceeds from the offering will be used for exploration and development activities on the company's projects in British Columbia, Canada.

In connection with the third tranche, the company paid $8,190 in cash in finders' fees and issued 117,000 non-transferable finders' warrants. Each finder's warrant entitles the holder to purchase one common share at an exercise price of 15 cents per finder's share for a period of two years from the date of issuance of the finder's warrant.

The completion of the private placement remains subject to approval of the TSX Venture Exchange.

We seek Safe Harbor.