Mr. Matt Lewis reports

STEADRIGHT ANNOUNCES UPDATE REGARDING MANAGEMENT CEASE TRADE ORDER APPLICATION

Further to the press release dated July 9, 2026, Steadright Critical Minerals Inc.'s application to the Ontario Securities Commission for a management cease trade order in respect of the corporation's chief executive officer, chief financial officer, directors and insiders remains in progress.

There can be no assurance that an MCTO will be issued by the OSC. The company will provide a further update once the OSC has completed its review of the application.

The company's application for an MCTO relates to the company's inability to file its audited annual financial statements, accompanying management's discussion and analysis, and related certifications for the fiscal year ended March 31, 2026, within the prescribed time frame.

If granted, the MCTO restricts the chief executive officer, chief financial officer, directors and insiders of the corporation from trading in the corporation's securities for as long as the annual financial filings remain outstanding. The issuance of the MCTO does not affect the ability of other shareholders to trade in the corporation's public securities.

The corporation's management confirm that it is working expeditiously to complete the annual financial filings and currently estimates that they will be filed on or about Sept. 28, 2026.

The corporation intends to satisfy the provisions of the alternative information guidelines set out in NP 12-203, including the requirement to issue biweekly default status reports in the form of further press releases until the annual financial filings are completed. The corporation confirms that there are no material changes or other specified defaults that have not been generally disclosed and that the company is not subject to any insolvency proceeding.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019. Steadright has 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 memorandum of understanding for the historic Goundafa mine within the Kingdom of Morocco.

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