Mr. Marc Enright-Morin reports

CULLINAN METALS ANNOUNCES CLOSING OF NON-BROKERED FINANCING AND CHANGES TO THE BOARD OF DIRECTORS

Pursuant to its news release dated March 19, 2026, Cullinan Metals Corp. has closed the non-brokered private placement.

The company issued 3,999,625 common shares at a price of 16 cents per share, for gross proceeds of $639,940. The shares are subject to a four-month-plus-one-day hold period, which will expire Aug. 14, 2026. The company paid finders' fees, in cash, in the amount of $10,018.

An aggregate of 134,375 shares were issued, directly or indirectly, to a director of the company and, as such, constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company has allocated proceeds from the offering for general administrative and working capital purposes.

The company is pleased to also announce that Raylen Tamayo has joined the board of directors. Ms. Tamayo brings over eight years of experience in finance and accounting, primarily within publicly listed companies. She began her career as an assurance and consulting associate at a top accounting firm and has since advanced through senior finance roles across a range of sectors. Her areas of expertise include IFRS (international financial reporting standards) compliance, financial reporting and management, control and process streamlining, as well as advisory services for initial public offerings (IPOs) and reverse takeovers (RTOs). Ms. Tamayo currently serves as a manager at Zeus Accounting Solutions Corp., where she also holds controller roles for several companies. She holds a master's degree from the University Canada West, where she majored in finance.

Richard Ko has submitted his resignation from the board of directors of the company and Cullinan thanks Mr. Ko for his years of services.

About Cullinan Metals Corp.

Cullinan Metals is a Canadian mining and exploration company focused on the evaluation and potential development of energy metals. The company is actively reviewing and pursuing opportunities in key energy resources, including copper, graphite and lithium, in select jurisdictions around the world.

We seek Safe Harbor.