Mr. Darren Collins reports

USCM RECEIVES BLM APPROVAL FOR DRILL PROGRAM TARGETING NORTHERN BASIN OF CLAYTON RIDGE

U.S. Critical Metals Corp. has received the approval of the Bureau of Land Management (BLM) to drill the northern basin of the Clayton Ridge lithium property located in Esmeralda county, Nevada. This approval is the result of the company reclaiming lands under the total permitted disturbance area permitted by the BLM of five acres.

The company has engaged Falcon Drilling Inc. to test the five northern drill targets of the project. These drill targets have been designed to test rock chip anomalies to the north and potentially extend mineralization in that direction. It is anticipated the program will include an additional 500 to 1,000 metres of core drilling.

The company has completed approximately 1,000 metres of core drilling into the southern and central basins of Clayton Ridge (see company's press release dated Sept. 12, 2023). The core has been cut, logged and sent to American Assay Labs for assaying. The initial phase of the program consisted of 11 holes and was completed by Falcon Drilling. The second phase of drilling is expected to commence on or about Oct. 15, 2023.

U.S. Critical has the right to earn a 100-per-cent interest in the project subject to completing the following, expected to be completed in 2023: (i) drilling 1,500 metres on the project; (ii) paying $75,000 (U.S.) in cash to the property vendors; and (iii) issuing 500,000 common shares of the company to the property vendor. Upon completion of the foregoing conditions, U.S. Critical will acquire a 100-per-cent interest in Clayton Ridge.

Management commentary

Darren Collins, chief executive officer and director of U.S. Critical, comments: "Our team has been very efficient in terms of exploring Clayton Ridge and completing the terms of the earn-in agreement. The reclaiming of lands through the BLM is a cost-effective method for us to test multiple basins within the project area without the need to complete a plan of operations. With assay results pending on the southern and central basins and drilling panned to commence on the northern basin, we anticipate a fulsome series of results to share with investors during the remaining quarter of 2023."

Qualified person statement

Robert J. Johansing, BSc (geology), MSc (economic geology), who is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Mr. Johansing is a consultant for the company.

Project overview

The project is a lithium claystone deposit located in Esmeralda county, Nevada, on the east flank of the Clayton Valley, the only lithium-producing region of the United States. The project is located just 18 kilometres west of Goldfield, Nev., and roughly 17 km southeast of Silver Peak, Nev., lying within a topographic swale between the Montezuma Range and Clayton Ridge. The project comprises 180 unpatented lode mining claims, covering 3,600 acres, with easy driving access to all claims. The property is one of several lithium projects in region. In addition to the only operating lithium producer in the United States (Albemarle), the Clayton Valley and immediate surroundings host several lithium projects ranging from early- to late-stage exploration (including, but not limited to, Noram Lithium, Pure Energy, American Lithium, Ioneer Ltd., Century Lithium Corp. and Spearmint Resources).

About U.S. Critical Metals Corp.

U.S. Critical is focused on mining projects that will further secure the U.S. supply of critical metals and rare earth elements, which are essential to fuelling the new-age economy. Pursuant to option agreements with private Canadian and American companies, U.S. Critical's assets consist of four agreements, together providing the company with the right to acquire interests in five discovery-focused projects in the U.S. These projects include the Clayton Ridge lithium project located in Nevada, the Sheep Creek rare earth project located in Montana, the Haynes cobalt project located in Idaho, the Lemhi Pass rare earth project located in Idaho and the Long Canyon uranium project located in Idaho. A significant percentage of the world's critical metal and rare earth supply comes from nations with interests that are contrary to those of the U.S. The company intends to explore and develop mineral resources with near- and long-term strategic value to the advancement of U.S. interests.

We seek Safe Harbor.