Mr. Peter Shearing reports

CANADA RARE EARTH PROVIDES CORPORATE UPDATE

The B.C. Securities Commission has revoked the cease trade order that was issued against Canada Rare Earth Corp. on March 6, 2026.

As announced in the company's news release dated March 23, 2026, the CTO was issued as a result of the company's failure to file its interim financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the period ended Dec. 31, 2025, by the prescribed filing deadline of March 2, 2026. The company has completed and filed the required filings, and the BCSC has revoked the CTO, effective April 2, 2026.

The company notes that trading in its common shares on the TSX Venture Exchange remains halted. The revocation of the CTO does not result in an automatic reinstatement of trading. The company is working with the exchange toward a resumption of trading in its common shares and will be required to satisfy the exchange's reinstatement requirements before trading can resume. There can be no assurance as to the timing of the reinstatement of trading.

The company will provide further updates as developments warrant.

About Canada Rare Earth Corp.

Canada Rare Earth operates a global essential mineral 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 and resources, and processing capabilities.

We seek Safe Harbor.