22:25:09 EDT Mon 26 Oct 2026
Enter Symbol
or Name
USA
CA



Clarity Metals Corp
Symbol CMET
Shares Issued 103,426,077
Close 2026-10-26 C$ 0.015
Market Cap C$ 1,551,391
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Clarity Metals plans rollback, name change

2026-10-26 17:26 ET - News Release

Subject: Clarity Metals Corp. Word Document

File: '\\swfile\EmailIn\20261026 141107 Attachment CLARITY News Release announcing name change and share consolidation.docx'

Clarity Metals Corp. | CSE: CMET | OTC: CLGCF | FSE: 27G0

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FOR IMMEDIATE RELEASE

Vancouver, BC - October 26, 2026

Clarity Announces Name Change and Share Consolidation

Clarity Metals Corp. (CSE: CMET) (OTC: CLGCF) (FSE: 27G0) ("Clarity" or the "Company"), a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and base metals projects, announces that the Company will consolidate its issued and outstanding common shares (the "Shares") at a ratio of three (3) pre-consolidation Shares to one (1) post-consolidation share (the "Consolidation"). In connection with the Consolidation, the Company also announces its intention to change its name from "Clarity Metals Corp." to "Critical Copper Mining Corp." (the "Name Change").

As of the date of hereof, the Company has 103,426,077 issued and outstanding Shares. Following completion of the Consolidation, the Company is expected to have approximately 34,475,359 issued and outstanding Shares. The Shares are expected to commence trading on a post-Consolidation basis on the Canadian Securities Exchange ("CSE") under the new name "Critical Copper Mining Corp." and the new ticker symbol "CCCU" effective October 30, 2026, subject to final CSE approval.

No fractional Shares will be issued in connection with the Consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional Share as a result of the Consolidation shall be rounded up to the nearest whole number. The Consolidation will not affect any shareholder's percentage ownership in the Company other than by the minimal effect of the aforementioned rounding of fractional Shares, even though such ownership will be represented by a smaller number of Shares. Instead, the Consolidation will reduce proportionately the number of Shares held by all shareholders.

A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing pre-Consolidation Shares in exchange for post-Consolidation Shares issued as a result of the Consolidation. Until surrendered, each certificate representing pre-Consolidation Shares will be deemed to represent the number of post-Consolidation Shares the holder received as a result of the Consolidation. Shareholders who hold their Shares in brokerage accounts or in book-entry form are not required to take any action as they will have their holdings electronically adjusted by the Company's transfer agent or by their brokerage firms, banks, trust or other nominees. In accordance with the Company's Articles, the Consolidation will not require shareholder approval and has been approved by the Company's Board of Directors.

The Company's new CUSIP number for the post-Consolidation Shares will be 226924108 and its new ISIN number is CA2269241089.

All of the outstanding convertible securities of the Company will also be adjusted by the Consolidation ratio and the respective exercise prices of those outstanding securities will be adjusted accordingly.

About Clarity Metals Corp.

Clarity Metals Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious and base metals projects. Clarity's exploration mandate is global and focused on countries with established legal and regulatory systems supporting mining investment. The Company's flagship asset is the Fecteau Gold Project, covering approximately 5,247.47 hectares in Quebec's Abitibi Greenstone Belt, situated proximal to Gold Fields' Windfall Project (acquired from Osisko Mining Inc.) and Bonterra Resources' projects. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol "CMET".

To learn more about Clarity Metals Corp. and its projects, please visit www.claritymetals.com

ON BEHALF OF THE BOARD

"Timothy Ko"

Timothy Ko

Chief Executive Officer

Tel: (604) 562-3932

Email: info@claritymetals.com

Website: www.claritymetals.com

The historic drill results disclosed above are derived from historical documentation prepared by prior operators. The Qualified Person has not independently verified the sampling, analytical or security procedures used, and the Company has not been able to review the original assay certificates or verify the drill hole collar locations, downhole surveys or core recovery. Reported intervals represent drilled core lengths; true widths are not known. The Company considers the historic drill results to be relevant in guiding future exploration but cautions that they should not be relied upon.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements relating to: the proposed Consolidation; the proposed Name Change; the anticipated effective date of the Consolidation and Name Change; the receipt of required regulatory and CSE approvals; and the anticipated commencement of trading of the Shares on a consolidated basis under a new name and ticker symbol. Forward-looking statements are generally identified by words such as "expect," "anticipate," "intend," "estimate," "plan," "believe," "may," "will," "should," "could," or similar expressions. Such statements are based on assumptions, estimates and expectations considered reasonable by management as of the date of this news release, but are inherently subject to significant business, economic and competitive uncertainties and risks. Actual results may differ materially from those expressed or implied by forward-looking statements due to risks including, without limitation: the risk that required regulatory or CSE approvals are not obtained in a timely manner or at all; market conditions; fluctuations in commodity prices; risks inherent in mineral exploration and development; and general economic, political and regulatory risks. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to publicly update or revise forward-looking statements or forward-looking information, except as required by applicable securities laws.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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