Mr. Matt Lewis reports

STEADRIGHT AND SILVERLINE MINING SARL SIGNS LOI IN MOROCCO WITH EXISTING MINING LICENSE

Steadright Critical Minerals Inc. has signed a letter of intent (LOI) with a first right of refusal to acquire up to 60 per cent of SilverLine Mining Sarl, a Moroccan company with a binding memorandum of understanding (MOU) on a licensed mineral claim property, which is the licence holder of No. 3843117 in the regional mining area of Errachidia within the Kingdom of Morocco.

LOI terms

Steadright's non-binding LOI with SilverLine Mining has up to a three-month due diligence (DD) period before a definitive agreement. The definitive agreement will give 5.5 million common shares of Steadright to the owner of mining licence No. 3843117 for up to 60 per cent, SilverLine Mining. The mining licence holder will retain 25-per-cent carried cost, with SilverLine retaining 75 per cent of the mining claim that currently holds an existing mining licence.

This is an arm's-length transaction and the non-binding LOI was signed on Jan. 26, 2026.

Geology

The SilverLine property is located in the regional mining area of Errachidia within the Eastern High Atlas Haute Moulouya plateau and is widely recognized as part of the Moulouya lead metallogenic province. Based on the Feb. 21, 2022, report, "Etude Geologique du Projet Minier Objet du Permis d'Exploitation, Polymetallique a Barytine, Fluorine et Plomb," by Kharmouch Sahar, mineralization is structurally controlled in a system tightly linked to northeast/southwest-oriented faults and fractures that affect the basement, the lower part and the cover rocks. These structures create a highly fractured zone where lead, fluorite and barite mineralization occurs are concentrated. According to ONHYM, 30 per cent of global silver production comes from lead-zinc mines and Morocco's silver often occurs as a byproduct in Pb-Zn (lead-zinc) districts.

Qualified person

Robert Palkovits, PGeo, vice-president of exploration for Steadright and a qualified person as defined under National Instrument 43-101, has reviewed the scientific and technical information contained in this news release, and has approved its disclosure. The QP has not yet verified all geological information reported herein, which is based in part on historical data and government sources. Additional verification work, including site visits, sampling and review of original records, is planned.

Steadright chief executive officer Matt Lewis states: "I am extremely pleased with the SilverLine Mining LOI. We think it can add a lot to our company, especially with an active mining licence. Our Canadian and Moroccan teams are working very hard at the needed due diligence."

Atrium Research Corp. engagement

Steadright is pleased to announce it has engaged the services of Atrium Research, a leading company sponsored research firm. Atrium will publish various research reports on Steadright based on publicly available information, industry data and discussions with management. Atrium will also host three recorded interviews with Steadright's management team to present the investment case in an interview format. In exchange for its research services, Atrium will receive cash compensation in the amount of $13,500 per quarter for the services listed above. The services will be provided for 12 months beginning on Feb. 1, 2026. At the end of the term, the agreement will be deemed to remain in place and be extended on a quarter-to-quarter basis at $13,500 per quarter, unless otherwise agreed to by the parties or the agreement is terminated by either party.

Atrium and the company are arm's-length parties, and neither Atrium nor its insiders holds any shares or options to purchase shares in the issued and outstanding capital of the company.

About Atrium Research Corp.

Atrium Research provides institutional-quality company-sponsored research on public equities in North America. Its investment philosophy takes a three-to-five-year view on equities currently being overlooked by the market. Its research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams and an in-depth valuation process. Atrium Research is wholly owned and operated by its co-founders, Ben Pirie and Nicholas Cortellucci.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019. Steadright has been focusing on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 square kilometres of mineral exploration claims called the TitanBeach titanium project and the Copper Valley mineral claim, found in the Kingdom of Morocco. Steadright has also recently signed an MOU for the historic Goundafa mine within Morocco, which holds a current mining licence.

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