Mr. Kevin Brewer reports

CMC METALS ESTABLISHES A NEW VISION FOR ITS FUTURE AND PRESENTS A REVIEW OF ITS 2024 ACTIVITIES

CMC Metals Ltd. has presented a new vision for its future and a review of its success in 2024. CMC performed very well in 2024, establishing deals that set a solid foundation for growth and shareholder value in 2025. CMC is implementing its midterm strategy, which it expects will result in the company outperforming many microcap and small-cap juniors in 2025. CMC's new vision is focused on creating cash-flowing properties within its strong portfolio of silver-based exploration projects.

New corporate vision

CMC's new corporate vision is to establish cash-flow-producing operations that can support further investment in exploration and acquisition of high-potential precious metal/critical metal assets in the Americans.

CMC plans to accomplish this vision by:

• Within five years, establish operating and cash-flow-producing entities based on the utilization of improved and evolving ore-sorting technologies to produce high-grade silver ores from deposits in the Rancheria silver district (that is, Silver Hart, Blue Heaven and Amy in British Columbia/Yukon) that are environmentally friendly, amenable to small-scale open-pit operations with very low operating and capital costs, scalable, growth oriented, highly manageable, and well suited to a partnership approach with local first nations and communities in Yukon;
• Continuing to expand resources and exploration prospectivity on the company's existing properties to generate high-value returns and saleable assets;
• Acquiring new assets with strong exploration potential to continue the company's commitment to owning a diversified portfolio of precious metal projects that serve to support a pipeline approach of value generation;
• Reducing dilution through a lower level of dependence on market financing.

Kevin Brewer, president and chief executive officer, noted: "We are very proud of our success in 2024. We negotiated solid deals under challenging market conditions and with minimal expenditures completed project work. It is exciting to now be able to plan to drill at Amy and commence the execution of our plan for small-scale production at Silver Hart. Since its inception, CMA has always envisioned production at Silver Hart and we intend to prove up the economics and then proceed with a development plan in the medium term. We feel it is imperative to communicate our vision, create a series of short- and medium-term objectives, be transparent and honest about the challenges we face, and then most importantly deliver on our promises. Two thousand twenty-five is going to be a very exciting year for our company as we execute our new vision that we expect will enhance shareholder value."

Plans for 2025:

• Drill program at Amy -- application for an exploration permit will be filed before the end of January and will include a proposed drilling program to be commenced in Q3 to Q4 2025; initial targets will include verifying historical drill holes, which were noted to intersect significant high-grade zones of silver-lead-zinc mineralization and to also initiate delineation of several large vein structures through trenching and mapping;
• Silver Hart -- predevelopment studies and partnership efforts -- to undertake initial metallurgical testing of Silver Hart ores and determine their suitability for ore sorting;
• Continuing to work with CMC's partners -- continue working with Coeur Mining Inc. to advance exploration efforts on the Silverknife property and support North Bay Resources Inc. to establish regular processing of ores at the Bishop gold mill processing facility in California;
• Advancing other assets to drill-ready stage -- initiate detailed examination of mineralized zone on the Blue Heaven and Logjam properties with the objective of bringing the properties to drill-ready stages by 2026 to 2027.

Accomplishments in 2024

CMC made significant deals and made considerable advancements on several fronts that set the stage for growth and shareholder value in 2025 and beyond.

The company's accomplishments in 2024 included:

• Silverknife option -- option agreement with Coeur Mining providing significant property expenditures and payments over a four-year period to earn an initial 75-per-cent and a deal possibly worth in excess of $6-million (see CMC's press release dated Nov. 20, 2024);
• Sale of Bishop gold processing mill -- an amendment of the original purchase agreement for the gold processing mill in Bishop, Calif., whereby North Bay Resources acquired 55-per-cent ownership of the mill assets in partnership with 1436132 B.C. Ltd., which provided CMC with $400,000 in common shares of North Bay Resources and $100,000 (U.S.) in payments; the original purchase arrangement provides for a further $150,000 (U.S.) in payments and $200,000 in common shares in 2025 (see CMC's press releases dated April 4 and Aug. 15, 2024);
• Securing property rights -- CMC acquired 100-per-cent ownership of the Bridal Veil property, 100-per-cent ownership of the Silverknife and Amy properties, and 80-per-cent interest in the Blue Heaven property (see CMC's press releases dated Feb. 6 and June 7, 2024);
• Property reclamation -- completed a significant reclamation program on its Silver Hart and Blue Heaven claims to maintain permit compliance and avoid property bonding supplements (see CMC's press release dated Sept. 19, 2024);
• Property advancement -- completed a brief sampling effort on the Amy property and prepared a drill plan for 2025 (see CMC's press release dated Nov. 21, 2024);
• Mineral resource estimate -- on behalf of CMC, Micon International Ltd. prepared a new National Instrument 43-101 compliant mineral resource estimate for the Silver Hart project (see CMC's press release dated Nov. 20, 2024); this new MRE will now be used to advance development plans at Silver Hart;
• Financial improvements -- completed two financings and shares for debt issuances leading to significant debt reduction;
• Strengthening CMC's board -- added John Land to the board; Mr. Land has considerable resource experience and is also a very successful business person (see CMC's press release dated Aug. 15, 2024); the company again wishes to thank its former chairman, John Bossio, for his 14 years of dedicated service.

The company will also be attending coming events in Vancouver, including the Metals Investor Forum (Jan. 18, 2025) and the Vancouver Resource Investment Conference (Jan. 19 to Jan. 20, 2025). Mr. Brewer, president and chief executive officer of the company, is available for one-on-one meetings during these times. He welcomes the opportunity to discuss company activities and plans ahead.

Qualified person

The qualified person responsible for this mineral resource estimate (MRE) is Charley Murahwi, MSc, PGeo, FAusIMM, of Micon International (as defined by National Instrument 43-101). The qualified person has given his approval of the technical information pertaining reported herein. The company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying, and all other technical data.

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 prospects in the Rancheria silver district include the Silver Hart deposit and Blue Heaven claims (Yukon) and the Amy and Silverknife claims (British Columbia). The company's polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon).

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