Mr. Robert Rosner reports

CAT STRATEGIC METALS CONSOLIDATES 100% OWNERSHIP OF ITS BURNTLAND PORPHYRY-SKARN COPPER-SILVER PROJECT IN NEW BRUNSWICK AND ANNOUNCES PRIVATE PLACEMENT OFFERING

CAT Strategic Metals Corp. has entered into an agreement with arm's-length private vendors to acquire the remaining 49-per-cent minority interest in its Burntland porphyry-skarn copper-silver project, located in New Brunswick, Canada. The original exploration and option agreement relating to the property was entered into on Sept. 10, 2020.

Upon completion of the transaction, CAT will hold a 100-per-cent ownership interest in the Burntland project.

Transaction terms

The company will issue $562,500 principal amount of senior secured promissory notes bearing interest at 6 per cent per annum, compounded monthly, accrued quarterly and payable as a single balloon payment at maturity (March 17, 2028). The notes will be secured by a general security agreement over the 49-per-cent earned-in interest in and to the claims subject to the exploration and option agreement. The transaction is subject to customary regulatory approvals.

Strategic rationale

The consolidation of 100-per-cent ownership provides the company with full control over exploration and development activities, increased flexibility for future partnerships, and full exposure to the upside potential of a district-scale copper-silver system.

Burntland project overview

The Burntland project comprises approximately 2,781 hectares in northern New Brunswick. The project is interpreted as a copper-silver-gold carbonate replacement and skarn system hosted in the White Head formation and associated with Devonian intrusions.

The project occupies a highly strategic land position as it is surrounded by claims held by Puma Exploration, enhancing its importance within a broader district-scale mineralized system. Mineralization consists of garnet-magnetite skarn and carbonate replacement zones formed within favourable sedimentary units.

Historical exploration by Teck, Noranda and Brunswick Mining identified high-grade copper-silver lenses, while modern work by CAT includes a 2021 airborne magnetic survey defining six priority targets and diamond drilling totalling 1,416 metres. Notable drill results include 118.84 metres grading 0.42 per cent copper equivalent (including 58.62 metres at 0.76 per cent CuEq) and 7.04 metres grading 0.92 per cent CuEq. Mineralization is interpreted as distal to an intrusive source, suggesting potential for stronger mineralization closer to the core.

Qualified person

Patrick Laforest, PGeo (Quebec), is the qualified person as defined by National Instrument 43-101 and is an independent consultant geologist who has reviewed and approved the technical contents of this press release.

Private placement offering

The company is also pleased to announce that it intends to complete a private placement of units for total gross proceeds of up to $300,000.

Securities to be issued pursuant to the private placement shall consist of an amount of up to 30 million units of the company issued at a price of one cent per unit, with each unit comprising one common share in the capital of the company and one common share purchase warrant, with each warrant entitling its holder thereof to acquire one additional common share of the company at a price of five cents per common share until Nov. 21, 2030. On closing, the warrants will trade on the Canadian Securities Exchange under the ticker symbol CAT.WT.

Net proceeds from the offering will be used by the company for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, Prospectus Exemptions, the common shares, the warrants and units will be offered by way of private placement pursuant to applicable exemptions from NI 45-106. The offering is expected to close on or about April 3, 2026, subject to the satisfaction or waiver of the customary closing conditions, including the approval of the CSE. The company may pay brokers in the context of the offering. The offering may close in multiple tranches.

It is expected that certain directors and officers of the corporation may participate in the offering. The participation of insiders in the offering will constitute a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The corporation anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating insiders nor the consideration to be paid by such directors and officers is anticipated to exceed 25 per cent of the corporation's market capitalization.

About CAT Strategic Metals Corp.

CAT Strategic Metals is a Canadian-based mineral exploration company focused on the acquisition and derisking of overlooked projects situated in well-established geological districts in North America. The company is specially focused on minerals that are considered highly strategic from a monetary as well as global infrastructure and energy point of view. CAT's shares trade on the CSE under the trading symbol CAT, the OTC (over-the-counter) market under the trading symbol CATTF and the Frankfurt Stock Exchange under the symbol 8CHA.

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