File: Attachment CRECNRMAR23.pdf

HEAD OFFICE Suite 2110 - 650 West Georgia St.

Vancouver, BC V6B 4N8 Tel +1 604 638 8886

www.canadarareearth.com

TSX.V: LL

Canada Rare Earth Provides CorporateUpdate

Vancouver, BC March 23, 2026 Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL) announces that the British Columbia Securities Commission (the "BCSC") has issued a cease trade order (the "CTO") against the Company dated March 6, 2026, as a result of the Company's failure to file its interim financial statements, management's discussion and analysis, and related CEO and CFO certifications for the period ended December 31, 2025 (collectively, the "Required Filings") by the prescribed filing deadline of March 2, 2026.

Trading in the Company's common shares on the TSX Venture Exchange (the "Exchange") has been halted since January 2025 in connection with a previously proposed transaction. The CTO imposes additional restrictions on all trading in the Company's securities until the Required Filings have been completed and the CTO has been revoked by the BCSC.

The Company was unable to complete the Required Filings within the prescribed timeline due to a lack of available financial resources following the non-completion of the previously proposed transaction and the resulting inability to raise capital while the Company's shares remain halted from trading.

The Company is working diligently with its advisors to complete the Required Filings as soon as possible. Once the Required Filings have been filed and the CTO has been revoked by the BCSC, the Company intends to work with the Exchange toward a resumption of trading in its common shares. There can be no assurance as to the timing of the filing of the Required Filings, the revocation of the CTO, or the resumption of trading.

The Company will provide further updates as developments warrant.

About Canada Rare Earth Corp.

Canada Rare Earth Corp. operates a global essential minerals business in rare earth minerals and products. The Company's strategy focuses on leveraging near-term positive cash flow opportunities to support growth, including acquiring and developing proprietary projects, resources, and processing capabilities.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding the Company's expectation to complete the Required Filings, and the Company's intention to work toward a resumption of trading. These forward-looking statements involve known and unknown risks and uncertainties, including the Company's ability to secure adequate financial resources, and actual results may differ materially from those anticipated. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.

FOR FURTHER INFORMATION, PLEASE CONTACT: Peter Shearing, Chief Executive Officer pshearing@canadarareearth.com Telephone: (604) 638-8886 Website: www.canadarareearth.com