Mr. Kevin Brewer reports

CMC METALS ANNOUNCES RESULTS OF AGM AND GRANTING OF OPTIONS

CMC Metals Ltd. has released the results of its 2024 annual and special general meeting (ASM) of shareholders held on Sept. 25, 2024.

shareholders approved all the resolutions detailed in the management information circular of the company, namely:

• Electing all the nominees to the board of directors of the company;
• Appointing Manning Elliott LLP as auditor of the company for the ensuing year and authorizing the directors to determine the auditor's compensation;
• Approving the incentive stock option plan for the company.

A total of 10,493,653 common shares of the company were voted at the ASM, representing approximately 6.65 per cent of the issued and outstanding common shares of the company (see an attached table).

The company has granted, effective today, an aggregate of 2.1 million stock options to certain directors, officers, staff and consultants of the company, in accordance with the company's rolling stock option plan. Each option is exercisable into one common share in the capital of the company at a price of 2.5 cents per share. The options are subject to a four-month hold period to March 7, 2025, and then the holder can exercise the option at anytime for a period of five years from the date of grant, subject to certain vesting requirements in accordance with the company's option plan.

The company will provide a detailed review of activities and outline of future proposed work and issue an updated newsletter, which will be posted on the CMC Metals website in the very near future.

About CMC Metals Ltd.

CMC Metals is a growth-stage exploration company focused on opportunities for high-grade polymetallic deposits in Yukon, British Columbia and Newfoundland. The company's polymetallic silver-lead-zinc CRD (carbonate replacement deposit) prospects in the Rancheria silver district include the Silver Hart deposit and the Blue Heaven claims (Yukon), and the Amy and Silverknife claims (British Columbia). CMC Metals' polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon).

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