Mr. Aleem Fidai reports

CULLINAN METALS ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING

Cullinan Metals Corp. is adopting semi-annual financial reporting. This news release is being filed pursuant to Coordinated Blanket Order 51 -- 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. Cullinan's fiscal year ends on Dec. 31. Under the provisions of CBO 51-933, Cullinan will be exempt from the requirements to file its three-month interim financial statements and associated management's discussion and analysis (MD&A) as it meets the eligibility criteria under CBO 51-933, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record. Accordingly, Cullinan will not be filing its interim financial statements for the three-month period ending March 31, 2026, and associated MD&A.

Cullinan will continue to file audited annual financial statements (due within 120 days of Dec. 31, 2026) and six-month interim financial reports (due within 60 days of June 30, 2026). Cullinan remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 -- Continuous Disclosure Obligations.

Change to board and management

The company announces that Simon Tso has been appointed to the board of directors, in addition to his role as chief financial officer. The company further announces the resignation of Marc Enright-Morin from the board of directors and as the chief executive officer. The company thanks Mr. Enright-Morin for his contributions and wish him well in the future. The company has begun the search for a new CEO. Aleem Fidai will act as interim CEO.

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 worldwide.

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