Mr. Matt Lewis reports

STEADRIGHT CLOSES FULLY SUBSCRIBED QUEBEC FLOW-THROUGH PRIVATE PLACEMENT, GRANTS OPTIONS

Steadright Critical Minerals Inc. has closed its non-brokered private placement offering of Quebec flow-through units for gross proceeds of $400,000.

Under the QCFT unit offering, the company issued 2,666,666 Quebec flow-through units at a price of 15 cents per QCFT unit. Each QCFT unit consists 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 QCFT 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 QCFT 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).

In consideration for their services, certain finders received a cash commission equal to 8.0 per cent on eligible subscriptions of the gross proceeds of the QCFT unit offering. The commission paid equalled $27,600. Certain finders were also entitled to a broker warrant commission equal to 8.0 per cent on eligible subscriptions of the gross proceeds of the QCFT unit offering. Each broker warrant entitles 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 QCFT unit offering closing date. One hundred eighty-four thousand broker warrants were 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 QCFT unit offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.

Further to Steadright's press release of July 20, 2026, the company will no longer be offering its proposed national flow-through private placement for gross proceeds up to $200,000. As such, there are no financings now open.

Options granted

Steadright announces that the board of directors has approved 500,000 options to certain consultants of the company and granted under the company's 2022 option policy plan, as amended and approved at the 2025 annual general meeting.

The option strike price is 25 cents. The expiry date is for five years from the date of grant, and, under the terms of the corporate option plan, the options are set to expire on July 28, 2031.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019. Steadright has been focused in 2025 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 has also a binding memorandum of understanding for the historic Goundafa mine within the Kingdom of Morocco.

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