Mr. Michael Rowley reports

STILLWATER CRITICAL MINERALS APPOINTS NORA PINCUS TO ITS BOARD OF DIRECTORS

Stillwater Critical Minerals Corp. has appointed Nora Pincus as an independent director.

Ms. Pincus is a veteran resource industry professional with over 15 years of global experience, including senior legal, mine financing and commercial roles. Throughout her career, Ms. Pincus has worked for both junior and major mining companies with projects and operations in North America, South America, Africa, Australia and Asia. She has substantial experience in M&A (mergers and acquisitions) and capital market transactions in the mining and metals sectors, having served as lead counsel on a number of notable global mining transactions. Ms. Pincus is currently managing director with Nebari Partners LLC, a private capital provider focused on the mining sector. Prior to joining Nebari, Ms. Pincus was general counsel of Boart Longyear, a global drilling services, equipment and mining technology company, and was a partner at several boutique and international law firms. A Montana native, Ms. Pincus received a bachelor's degree from the University of Utah and a juris doctorate from the University of Denver.

President and chief executive officer Michael Rowley commented: "We are very pleased to announce the appointment of Nora Pincus as an independent director. In addition to her extensive legal expertise, she brings a background in mine finance and M&A that adds further depth to the existing board in these essential areas. As a Montana native, she is well connected locally and has a strong understanding of the state's resource industries, including the significant ongoing production of a number of commodities at mines and refineries. That local expertise is complemented by extensive international experience which provides her with strong connections in the finance, investment, regulatory and legal sectors.

"Our 2023 drill program is under way now at Stillwater West with a focus on expansion of the [National Instrument] 43-101 compliant resource announced earlier this year. This is our first campaign under the direction of Dr. Danie Grobler and the first with Glencore as a strategic investor. We look forward to providing further updates as we advance the asset towards its potential as a primary U.S.-based source of battery and catalytic metals."

Coming presentations

On Aug. 24, 2023, at 8:30 a.m. PT (11:30 a.m. ET), Mr. Rowley will provide an overview and update on the company, with a focus on the Stillwater West project, live at the Clean Energy Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com.

Option grant

The company has granted 1.34 million incentive stock options to certain directors and officers of the company, plus additional options to certain employees and consultants of the company. The options are exercisable for up to five years, expiring on Aug. 23, 2028, and each option will allow the holder to purchase one common share of the company at a price of 17 cents per share.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals is a mineral exploration company focused on its flagship Stillwater West nickel/platinum group element/copper/cobalt plus gold project in the iconic and famously productive Stillwater mining district in Montana, United States. With the addition of two renowned Bushveld and Platreef geologists to the team and a strategic investment by Glencore, the company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper and chromium and the continuing production of platinum group and other metals by neighbouring Sibanye-Stillwater. An expanded National Instrument 43-101 mineral resource estimate, released January, 2023, delineates a compelling suite of critical minerals contained within five Platreef-style nickel and copper sulphide deposits at Stillwater West, which host a total of 1.6 billion pounds of nickel, copper and cobalt and 3.8 million ounces of palladium, platinum, rhodium and gold, and remains open for expansion along trend and at depth.

Stillwater Critical Minerals also holds the high-grade Black Lake/Drayton gold project adjacent to Treasury Metals' development-stage Goliath gold complex in Northwestern Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane platinum group element/nickel/copper/cobalt critical minerals project on trend with Nickel Creek Platinum's Wellgreen deposit in Canada's Yukon.

We seek Safe Harbor.