Mr. Robert Rosner reports

CAT STRATEGIC FILES 32 LODE CLAIMS AT JACKPOT LITHIUM; ADDITIONAL SAMPLING AND RESULTS RECEIVED FOR STAG'S LEAP NORTHERN ELKO COUNTY, NEVADA

CAT Strategic Metals Corp. has provided an activity update on its Jackpot Lithium and Gold Jackpot properties located in northeastern Elko county, Nevada, near the Surge Discovery.

32 lithium claims filed with BLM Reno office

Lithium claims: CAT filed 32 of its new lithium target lode claims with the Bureau of Land Management Reno, Nev., office on Aug. 25, 2023. These claims were properly staked on what CAT interprets to have been open ground for CAT by certified professional geologists and qualified persons, one of whom is independent of CAT and is an expert witness for the determination of validity of unpatented lode mining claims. The BLM file numbers for these claims are NV106317198 through NV106317227. These 32 new lode claims cover 661 acres (267.5 hectares) of a possible eastern extension of the lithium-bearing tuff sequence that is being explored by Surge Battery Metals. These rocks and overlying sediments were mapped and studied as part of a master's thesis by Richard R. Redfern, MS (UCLA) and QP, one of CAT's consultants and qualified persons.

In addition, CAT staked six new lode claims for lithium in the northwestern part of its work area, contiguous with its existing Jackpot Lithium claims, and three more claims contiguous to the southwest. The northern claims are along the northern boundary of the Opal Springs rhyolite flow dome-(caldera?), which postdates the Jarbidge rhyolite. The Jarbidge rhyolite is of a similar age as the rocks of the McDermitt sequence that holds the giant Thacker Pass lithium deposit.

The host rocks for lithium deposits in this Jackpot region, which may extend over an area of more than 40 square miles (10,360 hectares), are hosted by the eastern equivalent of the Humboldt formation (Ts3) sedimentary and tuffaceous rocks of suggested late to very late Miocene age by Coats (1987), postdating the Jarbidge rhyolite. The source of the lithium may be lithium-rich volcanically derived Opal Spring hydrothermal fluids that were fed upward into the overlying sediments and poorly lithified sedimentary rocks along north-, northeast- and northwest-trending feeder faults.

The Idavada volcanics (Tts) tuffites-ignimbrites-sediments overlie the Jarbidge rhyolite and Humboldt formation sequences on the north side of the Opal Springs fault. Previous geologic mapping by Coats shows the Opal Springs fault going through the area of CAT's new northern claims. CAT is investigating if it was a feeder fault for lithium mineralizing hydrothermal fluids.

Gold Jackpot porphyry-diatreme exploration program

CAT received additional regular- and screen-fire bulk sample assays from samples taken from the Stag's Leap porphyry (PCD) and diatreme exploration target on its Gold Jackpot claims. These surface samples contained local elevated gold, copper, tellurium and lead to in excess of 0.4 per cent Pb.

It is interpreted that the high Pb and Zn values are indicative of a Pb-Zn halo above a PCD/diatreme intrusive-related body containing copper-gold-silver-tellurium mineralization. Sericitized, pyritic quartz-feldspar porphyry dikes are present immediately to the south of this highly mineralized area. The widespread high copper and gold values over a wide area atop this target could mean that a body of PCD/diatreme mineralization could be present at a shallower depth than previously thought. An induced polarization survey atop this target by Zonge Geosciences for CAT showed an anomalous zone of electrical conductivity at an undetermined depth. This promising target has never yet been tested at depth by drilling.

Mr. Redfern, MS, CPG No. 10717, is the qualified person as defined by National Instrument 43-101 who has examined the property on the ground, and wrote a master's thesis on the Opal Springs area to the east and northeast of Surge Battery Metals' lithium discovery, reviewed the geological information available from public sources related to the property, and is responsible for approving the technical contents of this press release.

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 proven to have world-class potential, primarily lithium, tellurium, gold, silver and copper. In addition to the Gold Jackpot strategic metals 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, gold targets.