Mr. Joseph Lanzon reports

SEARCH MINERALS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND GRANT OF STOCK OPTIONS

Search Minerals Inc. has released the results of its annual general meeting of shareholders held on July 24, 2025.

Election of directors

At the meeting, all the nominees for re-election as directors were re-elected to serve until the next annual general meeting of shareholders. Following the meeting, the company's board of directors comprises Joseph Lanzon, Rohan Hazelton and Diane Poole.

Appointment of auditor

At the meeting, the company's shareholders approved the reappointment of Mao & Ying LLP, chartered accountants, as the company's auditor for the ensuing year and authorized the board of directors to fix the auditor's remuneration.

Approval of stock option plan and restricted share unit plan

At the meeting, shareholders approved the company's 10-per-cent rolling stock option plan and the company's restricted share unit plan, each as described in the management information circular dated June 12, 2025, in respect of the meeting. As a rolling plan, the stock option plan requires annual shareholder approval in accordance with TSX Venture Exchange policies. As a fixed plan, the restricted share unit plan only requires further shareholder approval if the number of shares issuable under the plan is amended. Both plans remain subject to the final acceptance of the TSX Venture Exchange, to the extent required.

"We are deeply grateful to our shareholders for their overwhelming support in re-electing the board of directors," said Mr. Lanzon, chief executive officer and director. "This vote of confidence affirms our strategic vision and strengthens our mandate to advance Search Minerals' critical rare earth element portfolio. Together, with a focused, capable team, we are ready to accelerate the next phase of growth."

Grant of stock options

The company also wishes to announce that the board of directors has granted an aggregate of 800,000 stock options to the directors of the company under its 10-per-cent rolling stock option plan. The options are exercisable at a price of 33 cents per common share for a period of five years. Fifty per cent of the options vest immediately, with the remaining 50 per cent vesting in one year. The stock options are subject to the terms and conditions of the company's stock option plan and the policies of the TSX Venture Exchange.

About Search Minerals Inc.

Search Minerals is focused on exploring for and developing critical rare earths elements (CREE), as well as transition metals zirconium (Zr) and hafnium (Hf), within the emerging Port Hope Simpson-St. Lewis CREE district of southeastern Labrador. The company controls two deposits (Foxtrot and Deep Fox), two drill-ready prospects (Fox Meadow and Silver Fox) and numerous other CREE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64-kilometre-long belt forming a CREE district in Labrador.

Search Minerals also controls additional CREE assets in the Red Wine CREE district of central Labrador. These include: the drill-ready Two Tom Lake CREE-Be-Nb deposit, the Mann No. 1 CREE-Nb-Be prospect and the Merlot CREE prospect.

We seek Safe Harbor.