Mr. Michael Rowley reports

STILLWATER CRITICAL MINERALS WELCOMES EXECUTIVE ORDER TO PRIORITIZE AND ACCELERATE DOMESTIC MINING AND MINERAL PRODUCTION IN THE UNITED STATES OF AMERICA

Stillwater Critical Minerals Corp. has applauded the executive order signed by U.S. President Donald J. Trump on March 20, 2025, titled "Immediate Measures to Increase American Mineral Production."

The order invokes emergency powers to prioritize and accelerate domestic production of minerals listed as critical to the United States, with the objective of reducing reliance on imports. This executive order is the government's strongest action yet toward restoring America's domestic mining industry and is intended to counter the overwhelming control that other countries have over the supply of a number of minerals listed as critical to the economic and national security interests of the United States.

The order describes financing initiatives for domestic mining projects and calls for accelerated permitting and clarifications to the Mining Act, among other actions. David Copley, a senior executive from Newmont Mining, has been placed in charge of the program through the recently created National Energy Dominance Council.

Stillwater's president and chief executive officer, Michael Rowley, said: "Last week's executive order exceeded our expectations, listing a number of actions that are very supportive of our work at Stillwater West. Among other actions, it invokes the authority of the Defense Production Act, reflecting the urgency of the government mandate to secure supplies of critical minerals, as it calls on legislation from 1950 that has been applied previously to matters of national concern, including mineral supply. The company is working with Congress, the administration and government agencies with the objective of accelerating our Stillwater West project in Montana towards production by completing the necessary economic and engineering studies in addition to drilling, metallurgical, and other related work. We look forward to providing further updates on this and our work evaluating other aspects of the executive order, including additional funding channels, as well as permitting reforms and other initiatives.

"The order also makes a point of listing copper and gold. This is very relevant to Stillwater because we have a very large polymetallic resource that positions us with a substantial copper inventory and the largest nickel project in an active U.S. mining district, in addition to palladium, platinum, rhodium, chromium, cobalt and gold plus as yet unquantified amounts of ruthenium and iridium. Over all, Stillwater West is uniquely positioned to become a primary source of nine commodities now listed as critical given our location immediately adjacent to Sibanye-Stillwater's operating mine complex in a historic American mining district where the production of critical minerals dates back to the 1880s."

Stillwater also commends the recent establishment of Feb. 9 as Montana Mining Day by Governor Greg Gianforte, noting the state's long and prosperous mining legacy.

As announced Feb. 14, 2023, and Aug. 15, 2024, the company is partnered on $2.75-million in funding from the Department of Energy through two grants under the advanced research projects agency program through collaborations with Cornell University and Lawrence Berkeley National Laboratory.

Additionally, the company has been partnered with the U.S. Geological Survey for over seven years at Stillwater West, continuing its multidecade interest in the Stillwater igneous complex.

Coming events

Mr. Rowley will be available at the following events in 2025, in addition to other events to be added as the company rolls out its marketing plans over the coming year:

1. SAFE Summit -- Washington, D.C., United States, April 1 and April 2, 2025;
2. Global Commodity Expo Florida -- Fort Lauderdale, Fla., U.S., May 11 to May 13, 2025;
3. Global Commodity Expo Atlanta -- Atlanta, Ga., U.S., May 14 to May 16, 2025;
4. The Mining Investment Event of the North -- Quebec City, Que., Canada, June 3 to June 5, 2025;
5. Precious Metals Summit -- Beaver Creek, Colo., Sept. 9 to Sept. 12, 2025;
6. Precious Metals Summit -- Zurich, Switzerland, Nov. 10 and Nov. 11, 2025.

About Stillwater Critical Minerals Corp.

Stillwater is a mineral exploration company focused on its flagship Stillwater West nickel-platinum group elements-copper-cobalt plus gold project in the iconic and famously productive Stillwater mining district in Montana, U.S. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore PLC, 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, nickel and other metals by neighbouring Sibanye-Stillwater. An expanded National Instrument 43-101 mineral resource estimate, released January, 2023, positions Stillwater West with the largest nickel resource in an active U.S. mining district as part of a compelling suite of nine minerals listed as critical in the U.S.

Stillwater also holds a 49-per-cent interest in the high-grade Drayton-Black Lake gold project adjacent to Nexgold Mining's 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 mineral project on trend with Nickel Creek Platinum's Wellgreen deposit in Canada's Yukon territory. The company also holds the Duke Island copper-nickel-platinum-group-element property in Alaska and maintains a back-in right on the high-grade past-producing Yankee-Dundee in British Columbia, following its sale in 2013.

Quality control and quality assurance

Mike Ostenson, PGeo, managing geologist at Stillwater, is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release.

We seek Safe Harbor.