Mr. Matt Lewis reports

STEADRIGHT CRITICAL MINERALS ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT FINANCING

Steadright Critical Minerals Inc. has arranged a non-brokered private placement offering of flow-through (FT) units for gross proceeds of $600,000.

Under the FT unit offering, the company will issue 2,666,666 Quebec flow-through units at a price of 15 cents per FT unit. Each FT unit will consist of one common share qualifying as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada) and one-half of one additional common share purchase warrant. Each whole FT warrant will entitle the holder to acquire one additional common share at an exercise price of 25 cents for a period of 24 months following the closing date.

For Quebec investors, qualifying expenditures shall also mean expenses that qualify for inclusion in the exploration base relating to certain Quebec exploration expenses within the meaning of Section 726.4.10 of the Quebec Tax Act, and expenses qualifying for inclusion in the exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses with the meaning of Section 726.4.17.2 of the Quebec tax Act.

The company will also issue 1,333,333 national flow-through units at a price of 15 cents per FT unit. Each FT unit will consist of one common share qualifying as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada) and one-half of one additional common share purchase warrant. Each whole FT warrant will entitle the holder to acquire one additional common share at an exercise price of 25 cents for a period of 24 months following the closing date. The net proceeds from the FT unit offering will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as defined in the Income Tax Act (Canada).

The current financing may involve tranches of closings as the company deems appropriate.

In consideration for their services, certain finders will receive a cash commission equal to 8.0 per cent on eligible subscriptions of the gross proceeds of the FT unit offering. The commission paid will equal $48,000. Certain finders will also be entitled to a broker warrant commission equal to 8.0 per cent on eligible subscriptions of the gross proceeds of the FT unit offering. Each broker warrant will entitle the holder to acquire one common share of the company at an exercise price of 15 cents for a period of 24 months following the FT unit offering closing date. Three hundred twenty thousand broker warrants will be issued. The commission and broker warrants are paid in accordance with the policies of the Canadian Securities Exchange and relevant Canadian securities laws.

All securities issued in connection with the FT unit offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The FT unit offering remains subject to regulatory approvals, including approval from the Canadian Securities Exchange, as applicable.

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 Sarl, 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 MOU (memorandum of understanding) for the historic Goundafa mine within the Kingdom of Morocco.

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