Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Supreme Critical Metals Inc., (CSE: CRIT) (FSE: VR6) (OTC Pink: VRCFF) ("Supreme" or the "Company") announces that on February 24, 2026, the Company signed a Letter of Intent ( the "LOI") to acquire an option to earn a 100% interest in the Gator Property (the "Property" or "Gator"), located in Pershing and Lander Counties, approximately 35 miles south-southwest of the town of Battle Mountain, Nevada (the "Transaction").
The Gator Property is made up of 160 mining claims that cover 3,306 acres (or 13.4 square kilometres) and located on US federal land under administration of the Bureau of Land Management ("BLM"). The property has excellent year around access via all-weather county roads.
Prior work includes detailed geologic mapping, rock chip sampling, low-altitude UAV magnetics, structural interpretation, target generation, and 650 meters of RC drilling. The project also benefits from data generated by a recent Department of Energy funded evaluation that included mapping, aeromagnetics, gravity and magnetotellurics.
The exploration target at Gator is interpreted to be a covered distal-disseminated style epithermal Au-Ag mineral system. The data collected to date indicates that the Property's geologic environment is comparable to the surface expressions that overlay, and are proximal to, past producing mines in the area such as McCoy-Cove and Lone Tree, which are located approximately 12 and 37 miles away, respectively.
The project has an existing Notice of Intent permit with the BLM, modification of which will allow for additional drill testing.
"The geology, geochemistry and geophysics at Gator, in addition to its proximity to an important regional-scale structure, combine to create an interesting exploration target," said Ian Foreman, P.Geo., VP, Exploration of Supreme Critical Metals, "we are keen to get compilation and confirmation work going as soon as possible."
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Helgi Sigurgeirson, P.Geo., a consultant to the Company and a certified independent professional geoscientist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
The historical information referenced above are taken from prior operators' work and pre-date the Company's involvement with the Property. The Company's Qualified Person has not verified this data, and Supreme is not treating the historical results as current. These results should not be relied upon and are referenced for illustrative purposes only. Additional work, including assay verification and drilling, will be required to confirm and validate the historical information.
Option Terms
Under the terms of the LOI, Supreme has the right to earn up to a 100% interest in the Gator Property in two stages over a five (5) year period through the issuance of 10,000,000 common shares in the Company and the completion of specific work commitments, as follows:
| Timeline | Share Issuance | Work Commitment / Milestone |
| Signing | 1,000,000 | Company issued 1,000,000 common shares at a deemed
price of $0.105 per share to the optionor. |
| 1st Anniversary | 1,000,000 | Geophysics program & 1:2500 mapping of GSX block |
| 2nd Anniversary | 1,500,000 | Minimum 2,000 meters of drilling |
| 3rd Anniversary | 1,500,000 | 8,000 meters cumulative drilling (75% Earn-in) |
| 4th Anniversary | 2,000,000 | 16,000 meters cumulative drilling |
| 5th Anniversary | 3,000,000 | Delivery of a minimum 2 Moz Au NI 43-101 M&I Resource |
The Property is subject to an existing 5% Net Smelter Return (NSR) royalty under an agreement between Castelton Park LLC and a third party.
Changes to the Board of Directors
The Company also announces the appointment of Christopher Gulka to its Board of Directors, effective immediately.
The Company announces that Mr. Gerald Tritt has resigned from its Board of Directors. The Company extends its sincere appreciation to Mr. Tritt for his dedicated service and valuable contributions during his tenure and wishes him continued success in his future endeavors.
About Christopher Gulka, CPA, CA, CFA
Christopher Gulka, CPA, CA, CFA is the current Chief Financial Officer of the Company and has been overseeing the budgeting, internal controls, financial reporting, compliance, and transaction execution for the Company for the past year.
Mr. Gulka has over 30 years of experience in the capital and public markets. Mr. Gulka has been a director and CFO of many public companies over the years in many sectors, including mining, oil & gas, cannabis, and other industries. He founded Working Capital Corporation in 1999, a corporate finance firm specializing in the areas of corporate finance, valuations, due diligence and management consulting. Formerly, Mr. Gulka was employed as a Financial/Securities Analyst at the Alberta Securities Commission, and staff accountant at Ernst & Young. Mr. Gulka holds a Bachelor of Commerce with Distinction from the University of Alberta (1990) and the professional designations of Chartered Financial Analyst (CFA) and Chartered Professional Accountant (CPA).
About Supreme Critical Metals Inc.
Supreme Critical Metals Inc. (CSE: CRIT) (FSE: VR6) (OTC Pink: VRCFF) is a publicly traded, diversified exploration company advancing a portfolio of high-potential gold, silver, and copper properties. The Company has focused on British Columbia and Nevada; both being mining-friendly jurisdictions that have a established infrastructure, predictable permitting, and supportive regulatory frameworks.
Additional information about Supreme Critical Metals is available on the Company's website at www.supremecriticalmetals.com.
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Cautionary Note Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information in this news release may include, but is not limited to, the Company's exploration and development plans, future exploration programs, business objectives, strategic plans, and expectations regarding the Company's operations, financial condition, and growth opportunities.
Forward-looking information is provided to inform the Company's shareholders and potential investors about the Company's current expectations and plans relating to the future and may not be appropriate for other purposes. Forward-looking information is often identified by words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "potential", "may", "will", "would", "could", "should", and similar expressions, although not all forward-looking information contains these identifying words.
Forward-looking information is based on a number of assumptions that the Company believes to be reasonable at the time such statements are made, including, but not limited to, assumptions regarding the Company's ability to successfully execute its exploration and development plans, and operate in a stable regulatory, economic, and business-friendly environment. These assumptions, while considered reasonable, may prove to be incorrect.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation risks inherent in mineral exploration and development, operational and technical risks, fluctuations in commodity prices, availability of financing, general economic, market, and business conditions, regulatory and environmental risks, and other risks disclosed in the Company's public filings.
Although the Company believes that the forward-looking information that may be contained in this news release is reasonable based on information currently available, readers are cautioned not to place undue reliance on such information, as there can be no assurance that such expectations will prove to be correct. Forward-looking information that may be contained in this news release is only relevant as of the date of this release. Except as required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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