File: Attachment CRECNRAPR27.pdf

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TSX.V: LL

Canada Rare Earth Adopts Semi-Annual Reporting

This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

Vancouver, BC April 27, 2026 Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL) announces that it is adopting semi-annual financial reporting in place of quarterly reporting, effective for the nine- month interim period ending March 31, 2026.

The British Columbia Securities Commission recently issued Coordinated Blanket Order 51-933, which allows eligible venture issuers listed on the TSX Venture Exchange or Canadian Securities Exchange to file financial reports twice a year rather than four times. Canada Rare Earth meets the conditions of the Order and will begin relying on it starting with its Q3 2026 interim period.

As a result, the Company will not be filing an interim financial report or related MD&A for the nine-month period ending March 31, 2026, nor for its three-month period ending September 30, 2026. Canada Rare Earth will continue to file audited annual financial statements and semi-annual interim reports as required.

"For a company at our stage of development, quarterly financial reporting can place a disproportionate administrative and cost burden on the business relative to the insight it provides," said Peter Shearing, CEO, Canada Rare Earth Corp., "Adopting a semi-annual reporting cycle allows us to allocate more time and capital to advancing our core projects and creating long-term shareholder value, while continuing to maintain transparent and timely disclosure in accordance with TSXV requirements."

The Company notes that its shares remain subject to a trading halt on the TSX Venture Exchange. The Company continues to work toward satisfying the applicable conditions for reinstatement to trading and will issue further disclosure as developments occur.

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 intention to rely on Coordinated Blanket Order 51-933, its expected financial reporting cadence under the semi-annual reporting regime, and its plans to continue filing audited annual financial statements and semi-annual interim reports as required. Forward-looking statements involve known and unknown risks and uncertainties, and actual results may differ materially from those anticipated, including as a result of changes in applicable securities regulations, the Company's ability to meet its continuous disclosure obligations on a timely basis, and other factors beyond the Company's control. 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