Mr. Duane Parnham reports

CRITICAL ONE ENERGY CLOSES CDN$5.6 MILLION TRANCHE OF FLOW-THROUGH PRIVATE PLACEMENT

Critical One Energy Inc. has closed a non-brokered private placement offering of 5,116,910 flow-through common shares at a price of $1.10 per FT share, for gross proceeds of $5,628,601. This represents the first tranche of a larger issuance of up to 6.25 million FT shares for aggregate gross proceeds of $6,875,000.

In connection with the first tranche of the offering, the company paid an aggregate of $333,216.05 in finders' fees and issued 302,924 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 $1.65 per common share for a period of 18 months from the date of closing.

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

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

The company intends to close a second tranche of the offering on or before Aug. 14, 2026, for aggregate gross proceeds of up to $1,246,399, consisting of the issuance of up to 1,133,090 FT shares at a price of $1.10 per FT share. The company may provide compensation in connection with the second tranche, consisting of a cash commission of up to 6 per cent of the proceeds raised, as well as finder warrants in an amount of up to 6 per cent of the FT shares issued.

The company also announces that, subject to regulatory approval, it has granted incentive stock options to directors, officers and consultants of the company to purchase an aggregate of 950,000 common shares under the company's stock option plan. Each option is exercisable at a price of 90 cents per common share, expires five years from the date of grant and vests on the date of grant.

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.