Mr. Robert Rosner reports

CAT STRATEGIC ANNOUNCES RIGHTS OFFERING

CAT Strategic Metals Corp. will be undertaking a rights offering to holders of its common shares as of the record date of Oct. 28, 2025 (the record date).

Under the rights offering, shareholders will receive one transferable right for each one common share held. Each right will entitle the holder to subscribe for one unit at a subscription price of 0.75 cent per unit. Each unit will consist of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of five cents per share for a period of 60 months following the closing of the rights offering.

The rights offering is not subject to any minimum subscription level. A maximum of 277,793,411 units may be issued under the rights offering, for maximum aggregate gross proceeds of approximately $2,083,450.58.

The rights will trade on the Canadian Securities Exchange (the CSE) under the symbol CAT.RT until 12 p.m. Eastern Time on Nov. 21, 2025, after which time unexercised rights will be void and of no value. The common shares and warrants issuable upon exercise of the rights will be listed on the CSE under the symbols CAT and CAT.WT, respectively, subject to the company fulfilling the listing requirements of the CSE.

Eligible shareholders who fully exercise their rights under the basic subscription privilege will also be entitled to subscribe, on a pro rata basis, for additional units, if available, that were not subscribed for by other holders of rights, subject to certain limitations as set out in the company's rights offering circular dated Oct. 21, 2025, which will be filed on SEDAR+ under CAT's profile.

Registered shareholders in all provinces and territories of Canada (the eligible jurisdictions) who wish to exercise their rights must forward the completed subscription form, together with payment, to the subscription agent, Odyssey Trust Company, on or before the expiry time of 12 p.m. Pacific Time on Nov. 21, 2025 (the expiry time). Shareholders who hold their common shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

Subject to applicable laws, rights certificates or DRS advices will not be mailed to shareholders resident outside the eligible jurisdictions, unless such shareholders are able to establish to the satisfaction of the company that they are eligible to participate in the rights offering. Ineligible shareholders will be sent a notice for information purposes only, advising them that their rights will be held by the subscription agent on their behalf until Nov. 11, 2025, after which time the subscription agent will attempt to sell such rights on a best-efforts basis and remit the net proceeds, if any, to such ineligible shareholders.

The proceeds from the rights offering are expected to be used to finance future business expansion opportunities and for working capital and general corporate purposes, as more fully described in the circular.

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, copper, gold, silver and tellurium. In addition to the Gold Jackpot strategic metals property located northeast of Elko, Nev., CAT also controls 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. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol CAT, and on the Frankfurt Stock Exchange under the symbol 8CH.

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