File: '\\swfile\EmailIn\20260130 173401 Attachment CMT - 20260130 - NR - Announce Effect Date Share Consolidation.docx'

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(CSE: CMT) (OTCQB: CMTNF) (FWB: 7KO)

CULLINAN METALS ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION

Vancouver, British Columbia, January 30, 2026 - Cullinan Metals Corp. (CSE: CMT) (OTCQB: CMTNF) (the "Company" or "Cullinan") announces that further to its news release of January 14, 2026, the Company will complete a consolidation of the authorized and issued common shares (the "Common Shares") of the Company, effective at the opening of the markets on Wednesday, February 4, 2026, on the basis of ten (10) existing common shares (the "Shares") for one (1) new Share (the "Consolidation"). No fractional Common Share will be issued upon the Consolidation. Any fractional share resulting from the Consolidation will be rounded down to the next whole Common Share, and no cash consideration will be paid in respect of fractional shares. Effective at the opening of markets on February 4, 2026, the Common Shares will commence trading on the Canadian Securities Exchange on a post-Consolidation basis under the existing ticker "CMT". The new ISIN is 23003L201 and the CUSIP is CA23003L2012. The Record Date is February 5, 2026.

The Company's board of directors believes that the Share Consolidation will provide the Company with greater flexibility for the continued development of its business and the growth of the Company, including financing arrangements.

The Company would like to clarify that Registered shareholders whose holdings are represented by a physical share certificate will be sent a letter of transmittal from Odyssey Trust Company, transfer agent to the Company, with information related to the exchange of the physical certificate for a Direct Registry System ("DRS") statement or new physical share certificate representing the post-Consolidation holdings of the shareholder. Intermediaries, such as brokerage houses and financial institutions, who may hold physical certificates on behalf of a beneficial shareholder will facilitate the transmittal of the Common Shares in those instances, however beneficial positions held through CDS and DTC will be automatically exchanged on completion of the Consolidation, and subsequent to the effective date. Registered shareholders whose holdings are represented by a DRS statement will receive a new, post-Consolidation DRS statement showing the adjustment to their position.

The Board of Directors believes that the proposed Consolidation will better position the Company to raise the funds it requires to continue financing its business activities.

On Behalf of the Board,

CULLINAN METALS CORP.

Marc Enright-Morin

CEO, Director

(604) 428-7050

About Cullinan Metals Corp.

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the evaluation and potential development of energy metals. The Company is actively reviewing and pursuing opportunities in key energy resources, including copper, graphite, and lithium, in select jurisdictions worldwide.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include, but are not limited to, statements regarding management plans, future operations, and the appointment of a permanent Chief Financial Officer. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements.

Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and future events may differ materially from those anticipated due to various risks and uncertainties, including those disclosed in the Company's management's discussion and analysis and other disclosure documents available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Canadian Securities Exchange website at www.thecse.com. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.