Mr. Matt Lewis reports

STEADRIGHT ANNOUNCES POSSIBLE LATE FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

Steadright Critical Minerals Inc. has applied for a management cease trade order due to possible late filing of its annual financial statements.

As a result of anticipated delays to the company's audit, the company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended March 31, 2026, may not be finalized by July 29, 2026, being the date that such annual filings are due under applicable Canadian securities law requirements. Accordingly, the company has applied to the Ontario Securities Commission for a management cease trade order.

The potential delay in filing the annual filings arises from a joint assessment by the company and its auditor regarding the time required to complete the remaining audit procedures and the related review process. This is in large part due to the complexity of integrating the Morrocan investments and acquisitions completed in said financial year (including that of NSM Capital Sarl).

If the MCTO is granted, the company will comply with the alternative information guidelines set out in National Policy 12-203 (Management Cease Trade Order) for issuers that have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the company to issue biweekly default status reports by way of a news release so long as the annual filings have not been filed. During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's chief executive officer, chief financial officer, directors and insiders will not be able to trade in the company's common shares.

The company will provide an update on its application of the MCTO in a coming news release.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019. Steadright has been focused 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, with over 192 square kilometres of mineral exploration claims called the TitanBeach titanium project, along with the Copper Valley project. Steadright also has a binding memorandum of understanding for the historic Goundafa mine within the Kingdom of Morocco.

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