Mr. Peter Shearing reports

CANADA RARE EARTH ADOPTS SEMI-ANNUAL REPORTING

Canada Rare Earth Corp. is adopting semi-annual financial reporting in place of quarterly reporting, effective for the nine-month interim period ending March 31, 2026.

The British Columbia Securities Commission recently issued Coordinated Blanket Order 51-933, which allows eligible venture issuers listed on the TSX Venture Exchange or Canadian Securities Exchange to file financial reports twice a year rather than four times. Canada Rare Earth meets the conditions of the order and will begin relying on it starting with its Q3 2026 interim period.

As a result, the company will not be filing an interim financial report or related MD&A (management's discussion and analysis) for the nine-month period ending March 31, 2026, nor for its three-month period ending Sept. 30, 2026. Canada Rare Earth will continue to file audited annual financial statements and semi-annual interim reports as required.

"For a company at our stage of development, quarterly financial reporting can place a disproportionate administrative and cost burden on the business relative to the insight it provides," said Peter Shearing, chief executive officer, Canada Rare Earth. "Adopting a semi-annual reporting cycle allows us to allocate more time and capital to advancing our core projects and creating long-term shareholder value, while continuing to maintain transparent and timely disclosure in accordance with TSX-V requirements."

The company notes that its shares remain subject to a trading halt on the TSX Venture Exchange. The company continues to work toward satisfying the applicable conditions for reinstatement to trading and will issue further disclosure as developments occur.

About Canada Rare Earth Corp.

Canada Rare Earth operates a global essential minerals business in rare-earth minerals and products. The company's strategy focuses on leveraging near-term positive cash flow opportunities to support growth, including acquiring and developing proprietary projects, resources, and processing capabilities.

We seek Safe Harbor.