Mr. Duane Parnham reports

CRITICAL ONE ENERGY ANNOUNCES CLOSING OF UPSIZED CDN$1,430,000 FLOW-THROUGH PRIVATE PLACEMENT

Critical One Energy Inc. has closed a non-brokered private placement offering of 1.43 million flow-through common shares at a price of $1 per FT share, for gross proceeds of $1.43-million.

The close of the flow-through private placement upsizes the company's previously announced offering with gross proceeds of up to $1.25-million (1.25 million FT shares at a price of $1 per FT share). Please see Critical One's press release of Dec. 15, 2025, for reference.

In connection with the offering, the company paid an aggregate of $75,000 in finders' fees and issued 75,000 common share purchase warrants of the company. Each finder's warrant is exercisable to purchase one common share in the capital of the company at a price of $1.50 per common share for a period of 18 months from the date of closing.

The company intends to use the gross proceeds from the sale of the FT shares to incur exploration expenses that are eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada).

All securities issued pursuant to the offering described above will be subject to a four-month-and-one-day hold period.

The company intends to close an additional private placement on or before Dec. 24, 2025, for aggregate gross proceeds of up to $300,000, consisting of the issuance of up to 300,000 FT shares at a price of $1 per FT share. The company may provide compensation in connection with this offering, consisting of a cash commission of up to 6 per cent of the proceeds raised, as well as common share purchase warrants in an amount up to 6 per cent of the FT shares issued. Each common share purchase warrant will entitle the holder to purchase one common share in the capital of the company at a price of $1.50 per common share for a period of 18 months from the date of closing.

About Critical One Energy Inc.

Critical One is a forward-focused critical mineral and upstream energy company, powering the future of clean energy and advanced technologies. The Howells Lake antimony-gold project focuses the company's exposure on antimony, one of the most in-demand critical minerals, as well as gold, which is known to occur at numerous locations on the Howells Lake project. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial and financial expertise, the company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders.

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