Mr. Jason Macintosh reports

SEARCH MINERALS COMMISSIONS SGS CANADA FOR COMPREHENSIVE SCOPING STUDY AND ADDS DR. DAVID DREISINGER AS TECHNICAL ADVISOR

Search Minerals Inc. has commissioned SGS Canada Inc. to conduct a comprehensive scoping study and metallurgical testwork program for the company's critical rare-earth element (CREE) district in southeastern Labrador.

Advancing metallurgical optimization through SGS scoping study

This program represents an important step in advancing the company's flagship Deep Fox and Foxtrot critical rare-earth element projects in southeastern Labrador, with a focus on optimizing mineral concentrate production. The program is specifically aiming to reduce overall acid demand in the extraction process. The work is expected to support continuing process optimization and future economic studies, further advancing the company's path toward development.

Key deliverables of the SGS program:

• Detailed mineralogical characterization: utilizing TIMA-X and Rietveld XRD analysis to provide quantitative mineral speciation and liberation data;
• Advanced mineral processing: evaluation of magnetic separation (WHIMS) and batch flotation techniques to reject acid-consuming gangue minerals;
• Hydrometallurgical validation: baseline acid bake-water leach testwork to determine the precise reduction in acid demand and REE extraction rates;
• Optimized flowsheet data: providing a technical foundation for the primary processing plant design.

Jason Macintosh, interim chief executive officer of Search Minerals, stated,

"As we advance our 'Sprint to Production,' partnering with a global leader like SGS ensures our technical foundations provide value to our stakeholders. This collaboration with SGS is a vital step in our technical derisking process. By focusing on reducing acid demand, we are not only looking to improve the economic efficiency of our Labrador CREE district but also to enhance the environmental sustainability of our future operations."

"We are pleased to be working with Search Minerals on this comprehensive scoping study," said Niels Verbaan, senior director, technical services (hydrometallurgy), metallurgy and consulting, at SGS. "Our mandate is to apply rigorous mineralogical, mineral processing and hydrometallurgical testwork to help optimize the project flowsheet, with a particular focus on reducing acid consumption while supporting strong rare-earth element recoveries. This work will provide a robust technical foundation to support Search Minerals' continuing project development efforts."

Dr. David Dreisinger joins Search Minerals team as technical adviser

Search Minerals is also pleased to announce that Dr. David Dreisinger, PhD, PEng, has been appointed as a technical adviser to the company. Dr. Dreisinger was formerly an officer and director of Search Minerals, and has extensive experience in metallurgical process development, hydrometallurgy and technology commercialization. He will provide advice related to metallurgical testwork and process development activities for the company's critical rare-earth element projects in southeastern Labrador.

Dr. David Dreisinger stated:

"I am pleased to renew my association with Search Minerals as a technical adviser. The metallurgical testwork currently under way is an important component of the company's continuing process development efforts, and I look forward to contributing to this work."

Jason Macintosh, interim chief executive officer of Search Minerals, stated:

"We are pleased to welcome Dr. Dreisinger as a technical adviser to the company. His experience and expertise in metallurgical process development will support our continuing testwork and technical evaluation activities."

Qualified person

David Dreisinger, PhD, PEng, has been appointed as a technical adviser to the company and is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Dr. Dreisinger has reviewed the scientific and technical information related to metallurgical testwork and process development referenced in this news release, and has approved the disclosure of such information. The company will continue to apply high standards of integrity, transparency and consistency in the reporting of technical and scientific results.

About Search Minerals Inc.

Led by a proven management team and board of directors, Search is focused on finding and developing critical rare-earth elements (CREE), zirconium (Zr) and hafnium (Hf) resources within the emerging Port Hope Simpson-St. Lewis CREE district of southeast Labrador. The company controls a belt 63 kilometres long and two km wide, and is road accessible, on tidewater and located near three local communities. Search has completed a preliminary economic assessment report with resource estimates for Foxtrot and Deep Fox. Search is also working on four exploration prospects along the belt which include: Fox Meadow, Silver Fox, Fox Run and Awesome Fox.

Search has continued to optimize our patented direct extraction process technology with the generous support from the Department of Energy and Mines, government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. The company has completed two pilot plant operations and produced highly purified mixed rare-earth carbonate concentrate and mixed REO concentrate for separation and refining.

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