Mr. Joseph Lanzon reports

SEARCH MINERALS INC. ANNOUNCES CLOSING OF SETTLEMENT WITH CERTAIN CREDITORS

Further to Search Minerals Inc.'s press release of July 15, 2025, the company has received the approval of the TSX Venture Exchange to settle $100,000 (less applicable tax withholdings) in debt owing to certain creditors through the issuance of 203,688 common shares of the company. The shares were issued on Aug. 11, 2025, and are subject to a four-month hold period in accordance with applicable securities laws.

Following the issuance of the shares, the debt is now settled and extinguished.