Mr. Matt Lewis reports

STEADRIGHT PRIVATE PLACEMENT CLOSES FULLY SUBSCRIBED FINAL TRANCHE OF FINANCING

Steadright Critical Minerals Inc. has closed the final tranche of its previously announced non-brokered private placement, pursuant to which the company sold 8,752,856 non-flow-through units and 700,000 flow-through units in the capital of the company at a price of seven cents per unit and 10 cents per FT unit for aggregate gross proceeds of $682,670.

Aggregate gross proceeds of the offering (including the first tranche that closed Aug. 14, 2025, and the final tranche) are $910,000.

Each unit is composed of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one further common share at a price of 11 cents per common share for a period of 24 months from the date of issuance. Each FT unit is composed of one common share in the capital of the company and one common share purchase warrant. Each FT warrant entitles the holder to acquire one further common share at a price of 15 cents per common share for a period of 24 months from the date of issuance.

In consideration for their services, certain finders received a cash commission equal to 8.0 per cent on eligible subscriptions of the gross proceeds of the final tranche totalling $31,896 and a broker warrant commission equal to 8 per cent on eligible subscriptions of the gross proceeds of the final tranche, being 375,657 broker warrants from units and 56,000 broker warrants from FT units. The commission was paid in accordance with the policies of the Canadian Securities Exchange and relevant Canadian securities laws.

Certain insiders of the company subscribed for an aggregate of $115,050 under the offering. The participation by such insiders in the offering is considered a related-party transaction pursuant to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the aggregate fair market value of the securities issued to insiders under the offering does not exceed 25 per cent of the company's market capitalization. The offering was approved by the board of directors of the company, with any directors who participated in the offering abstaining from the vote on such matters. Other than as disclosed herein, the company has not received any indication of insider participation in the offering.

The company intends to use the net proceeds for general working capital and corporate purposes and to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures under the Income Tax Act (Canada).

The common shares and warrants issued pursuant to the offering will be subject to a regulatory hold period of four months and one day from the date of issuance.

The offering remains subject to final Canadian Securities Exchange acceptance of requisite regulatory filings.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019. Steadright has been focused in 2025 on finding exploration projects that can be brought into production within the critical mineral space. Steadright currently holds an option on its Ram property near Port Cartier, Que., within the Cote-Nord region, which is accessible by Route 138. The Ram project is composed of over 13,000 acres and located on an anorthositic complex that is in a highly prospective geological unit and has historically been underexplored for nickel, copper, cobalt and precious metals.

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