Mr. Duane Parnham reports

CRITICAL ONE ENERGY ANNOUNCES CDN$5,565,000 FLOW-THROUGH PRIVATE PLACEMENT

Critical One Energy Inc. intends to complete a non-brokered private placement offering of up to 5,059,090 flow-through common shares at a price of $1.10 per FT share (a premium to yesterday's closing price of the company's common shares, being 93 cents) for gross proceeds of up to $5,565,000.

The company may pay finders' fees on a portion of the offering to eligible finders in the form of: (i) a cash commission of up to 6.0 per cent of the gross proceeds raised under the offering; and (ii) common share purchase warrants of the company in an amount up to 6.0 per cent of the FT shares issued under the offering. Each finder's warrant will be exercisable to purchase one common share in the capital of the company at a price of $1.65 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 mining expenditures as such terms are defined in the Income Tax Act (Canada).

The offering is scheduled to close on or about July 30, 2026. All securities issued pursuant to the offering described above will be subject to a four-month-and-one-day hold period.

About Critical One Energy Inc.

Critical One is a Canadian critical mineral and upstream energy company focused on metals essential to energy, technology and national defence supply chains. The company is advancing the Howells Lake antimony-gold project, which provides Critical One with direct exposure to antimony, a critical metal of increasing strategic importance to Western nations, as well as meaningful gold exploration potential across the property. Backed by seasoned management expertise, Critical One is positioned to advance high-value mineral projects aligned with the rising demand for secure critical mineral supply. The company also holds uranium and copper assets in Namibia, providing additional exposure to critical minerals and energy metals.

We seek Safe Harbor.