Mr. Murray Nye reports

NORTH AMERICAN NIOBIUM AND CRITICAL MINERALS CORP. ANNOUNCES CLOSING OF OVERSUBSCRIBED $1.96M FLOW-THROUGH FINANCING

North America Niobium and Critical Minerals Corp., further to its news release of Dec. 4, 2025, has closed the previously announced non-brokered private placement of flow-through (FT) common shares in the capital of the company by the issuance of 1,351,955 FT shares at $1.45 per FT share for gross proceeds of $1,960,334.75, exceeding the proposed amount previously announced.

The gross proceeds from the issuance of the FT shares will be used to incur eligible Canadian exploration expenses in Quebec that qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada). The company has agreed to renounce such qualifying expenditures with an effective date of no later than Dec. 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of FT shares, and incur such expenses by Dec. 31, 2026.

In connection with the oversubscribed offering, the company paid finders' fees to eligible finders consisting of $137,223.43 in cash and 94,636 common share purchase warrants. Each finder's warrant is exercisable to acquire one common share in the capital of the company at an exercise price of $1.45 for a period of 24 months from the date of issuance.

"The overwhelming demand for this financing is a reflection of the strength of the work we're doing and the potential that our Quebec exploration portfolio continues to show. With total flow-through funding of $4.82-million secured for our 2026 exploration program, we are well positioned to execute focused and strategic exploration initiatives aimed at generating substantial value for our shareholders," said Murray Nye, chief executive officer of North American Niobium."

All securities issued in connection with the oversubscribed offering are subject to a statutory hold period of four months plus a day ending on April 13, 2026, in accordance with applicable securities legislation and policies of the Canadian Securities Exchange.

About North American Niobium and Critical Minerals Corp.

North American Niobium is a North American mineral exploration company focused on the acquisition and development of precious, base and critical mineral assets. Its portfolio includes the Silver Lake property in British Columbia's Omineca mining division and a recently acquired land package in Quebec's Grenville province. The Quebec properties add exposure to rare earth elements (REEs), niobium (Nb) and nickel-copper (Ni-Cu) occurrences, expanding the company's footprint into critical minerals that are strategically important for energy and defence applications.

We seek Safe Harbor.