Mr. Robert Rosner reports

CAT STRATEGIC SUCCESSFULLY RESTRUCTURES LOAN AGREEMENT TO FACILITATE GOLD JACKPOT PROJECT FINANCING AND SOUTH PRESTON SPIN-OFF

CAT Strategic Metals Corp. has concluded a restructuring of the senior secured loan agreement that was entered into on Sept. 29, 2022, with Komodo Holdings (Alberta) ULC. The restructuring of the agreement was negotiated in good faith in order to remove or alter certain terms and conditions in order to more easily facilitate a financing of the company and the spinoff of CAT's South Preston uranium project.

The negotiated changes to the agreement are as follows:

1. The amended agreement altogether removes the requirement for a general security agreement (the GSA) which provided Komodo with a charge overall of the company's assets. Komodo will proceed with the immediate release of the security with the personal property registry of British Columbia, and has agreed to sign and deliver, or cause to be signed and delivered to CAT all such further and other discharges, documents, certificates, agreements and written instruments to discharge the security.
2. The term of the loan, previously due on March 29, 2024, has been extended to Dec. 31, 2025.
3. The agreement provided for the lender to have the ability to convert the loan amount, or any portion thereof, at any time into units of the company at a price of five cents per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant then entitled the lender to purchase an additional common share at an exercise price of five cents for a period of 36 months following the exercise date. The amended agreement reduces the unit exercise price from five cents to 3.2 cents, increases the warrant exercise price from five cents to six cents, and reduces the warrant exercise period from 36 months down to 18 months.

CAT chief executive officer Robert Rosner stated that: "Renegotiating the terms of the debt instrument was a crucial and necessary step in the company's ability to secure a much-needed financing. With the GSA removed from the equation, we have had very encouraging discussions with a group of financiers who are quite keen on our Gold Jackpot property and the potential for a lithium discovery such as has been reported by Surge Battery Metals on their Nevada North lithium project, our neighbour just one mile to away from Gold Jackpot. Removing the GSA also facilitates the spinoff of the South Preston property, which will be a boon for CAT Shareholders."

The amended agreement and its terms and conditions was subject to Canadian Securities Exchange review and approval and such approval was provided to the company without comment.

About CAT Strategic Metals Corp.

CAT Strategic Metals' corporate strategy, as reflected in its overall mission statement, is to source, identify, acquire and advance property interests located in mineral districts proved to have world-class potential, primarily lithium, tellurium, gold, silver and copper. In addition to the Gold Jackpot strategic metal property located northeast of Elko, Nev., in the Pequop gold-copper-lithium trend with multiple targets for gold/silver, copper, tellurium and potential lithium, CAT has the South Preston uranium project in the Athabasca basin of Saskatchewan, the Burntland project located northeast of St. Quentin in the Restigouche county, New Brunswick, Canada, directed at the exploration and development of several skarn-hosted copper-silver and gold targets. CAT's shares trade on the CSE under the trading symbol CAT and on the Frankfurt Stock Exchange under the symbol 8CH.

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