File: Attachment March 8. 2024 - News Release - 15.2% Requisition AGM.pdf

JOSEPH LANZON B.P.A, M.P.A 58 Sparks Street.

Box 279 staon B. Otawa, Ontario, K1A 6C4. Joseph.Lanzon@Outlook.com

info@concernedforsearchminerals.com www.concernedforsearchminerals.com

March 8, 2024 FOR IMMEDIATE RELEASE

NEWS RELEASE

CONCERNED SHAREHOLDERS REQUISITION LONG-OVERDUE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF SEARCH MINERALS INC.

March 8, 2024 Concerned shareholders of Search Minerals Inc. (TSXV: SMY) ("SEARCH" or the "Company") led by Joseph Lanzon (the "Concerned Shareholders") who beneficially own approximately 15.2% of the total issued and outstanding common shares of Search as at the date hereof today announce that the long-overdue annual general meeting of shareholders of Search (the "Meeting") was formally requisitioned on March 4, 2024. The purpose of the requisitioned Meeting is to replace the incumbent board of directors of Search (the "Board") with certain highly qualified nominees chosen by the Concerned Shareholders (the "Nominees"). Please go to www.concernedforsearchminerals.com for more information about the Concerned Shareholders and other pertinent information regarding the requisitioned Meeting and the incumbent Board.

The current Board has 21 days to set a Meeting date from March 4, 2024, otherwise the Concerned Shareholder will call the Meeting themselves on the earliest possible date. The Concerned Shareholders will identify the Nominees in subsequent news releases, and the Nominees will be identified in any proxy circular distributed to the shareholders of Search (the "Shareholders") in connection with the Meeting. The Concerned Shareholders are funded, have a strategic vision, and can provide a competent board along with a strong advisory board. We will be focused on creating shareholder value for the Company's existing and future shareholder base.

The Concerned Shareholders believe that the current Board has consistently failed to act in the best interests of the Company and the Shareholders. The Concerned Shareholders have attempted to engage with the Board to discuss possible resolutions of their concerns; however, the Board appears to believe that its not accountable to anyone for its actions. Since our initial requisition on October 6, 2023, the Board's value destruction has intensified to include the following:

dot Search's common shares have been halted since December 19, 2023 pending a review of its compliance with TSX Venture Exchange requirements. Directors Jocelyn Bennett and George Molyviatis are facing serious allegations of fraudulent misrepresentation in British Columbia and are subject to a criminal investigation in Switzerland on charges of misappropriation of investors' funds, criminal mismanagement, and fraud. These serious

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allegations undermine investor confidence and harm the interests of the Company. Could this be the reason that Search's common shares remain halted?

dot Financial statements and related management discussion and analysis filed late on November 1, 2023. After these documents were filed past their legal deadline, they provided a key update into the continued abysmal management of the Company, including that:

o the Board needs to re-apply for the $5M non-repayable and non-dilutive funding for a demonstration plant.

o all employees were "laid off" on June 30, 2023, and no exploration work was planned for 2023;

o previous employees of the Company have filed claims against the Company for unpaid wages; and

o the Company is in arrears on paying required payroll remittances to the Canada Revenue Agency.

dot Search Board has still not set a date for the annual general meeting of Shareholders. This predatorial and incompetent Board is withholding the fundamental right of the Shareholders to VOTE at meetings of Search and influence how the Company is run.

dot Audited financial statements are due March 29, 2024. Will the Board be able to deliver this crucial document on time now that the Company conveniently has no employees or management?

dot Directors and management continue to resign and distance themselves from Bennett and Molyviatis. Dr. Dreisinger, Director and VP Metallurgy, along with Matthew Anderson, Chief Financial Office, ceased to be insiders of the Company as of February 21, 2024. The Board has not issued a news release about this in flagrant violation of Search's continuous disclosure obligations as a publicly traded company. As at the date hereof, there are only two directors and no President, CEO, CFO, or other management remaining.

dot Lack of Accountability. The Board has failed to keep Search's website up to date, including the Company's contact information. Is this a purposeful tactic to reduce oversight and create an information asymmetry between the Board and the Shareholders? At the very least, this is another example of the Board's belief that it is unaccountable for its actions to the Shareholders or anyone else.

The Concerned Shareholders have been contacted by numerous other Shareholders who have also voiced their support for the Concerned Shareholders' actions. The Concerned Shareholders believe this should send a clear message to the Board that the actions of the Concerned Shareholders will be supported by a majority of the Shareholders.

Shareholders can contact the Concerned Shareholders at info@concernedforsearchminerals.com and visit www.concernedforsearchminerals.com to be added to the Concerned Shareholders mailing list. The Concerned Shareholders are monitoring the current actions of the Board for any adverse changes in the condition of the Company and will post updates regarding same to the 3

website set out above. The Concerned Shareholders are not soliciting proxies at this time, but want to keep their fellow Shareholders informed of the requisition process and other related information.

Mr. Lanzon is a resident of Labrador, and maintains an office in Ottawa, Ontario. He is an experienced mining executive with a proven track record of promoting shareholders' interests at the highest levels of government and the Toronto Stock Exchange. Mr. Lanzon is well positioned to lead the charge in renewing and strengthening the governance and accountability of the Board. His full bio can be obtained at: www.concernedforsearchminerals.com.

For further information, contact:

Joseph Lanzon Telephone: 613-796-5957 Email: info@concernedforsearchminerals.com