Mr. Matt Lewis reports

STEADRIGHT ANNOUNCES UPDATE TO ANNUAL GENERAL AND SPECIAL MEETING

Steadright Critical Minerals Inc. is providing additional information in regard to certain resolutions previously described in the company's management information circular for its upcoming annual general and special meeting of shareholders scheduled for Oct. 29, 2025.

To allow shareholders sufficient time to consider the additional information contained in this news release prior to the proxy cut-off, the company will waive proxy cut-off until the start of the meeting.

At the meeting, the company is seeking shareholder approval for a resolution authorizing one or more non-brokered private placements of up to an aggregate of 200 million units of the company, subject to the policies of the Canadian Securities Exchange.

The company is seeking shareholder approval for the private placement resolution in order to maintain flexibility in its capital-raising strategy and ensure compliance with applicable CSE policies governing share issuances. The company wishes to further clarify that, at this time, the company has no plans to complete a private placement in reliance on the private placement resolution.

Under Section 4.6(2)(a)(ii) of CSE Policy 4, an issuer is required to obtain shareholder approval where a proposed financing would result in the issuance of more than 100 per cent of the company's issued and outstanding securities (on a non-diluted basis) or would otherwise materially affect control of an issuer. The intent of this provision is to ensure that significant dilutive transactions receive express shareholder support.

At the time of calling the meeting, the company's management and board of directors were considering a range of financing and strategic alternatives to advance the company's mineral exploration assets and strengthen its balance sheet. The size and structure of any financing had not yet been determined, and management wished to avoid the delay and cost of convening a second shareholder meeting should investor demand or transaction size ultimately exceed the 100-per-cent issuance threshold.

Accordingly, the board of the company determined that seeking advance shareholder authorization to issue up to an aggregate of 200 million units would provide the company with sufficient flexibility to:

• Pursue one or more non-brokered private placements in response to market conditions;

• Pursue one or more non-brokered private placements to raise sufficient funds to apply for an exploitation permit and environmental permit on the company's Titan Beach project;

• Pursue one or more non-brokered private placements to raise sufficient funds to finance the purchase of Polymetallic copper-lead-zinc-silver-gold Goundafa mine in Morocco;

• Accommodate potential strategic investors or partners without exceeding CSE share issuance limits;

• Avoid repeated shareholder meetings for similar approvals, thereby allowing management to act efficiently and opportunistically in securing financing.

Additionally, at the meeting, the company had intended to seek shareholder approval for a resolution to authorizing the company to complete one or more acquisitions where the company could issue up to an aggregate of 200 million common shares, in compliance with the policies of the CSE.

The company wishes to inform its shareholders that the future acquisition resolution will not be brought forward for a vote at the meeting.

Following discussions with the CSE and a review of the applicable policies, the company determined that shareholder approval for the future acquisitions was not required at this time. This approach allows the company to advance its strategic initiatives more efficiently while maintaining full compliance with applicable exchange policies and securities laws. The directors have therefore determined that the future acquisition resolution is no longer necessary.

All other matters set out in the company's circular will proceed at the meeting as disclosed, including the election of directors, the appointment of auditors, approval of the company's rolling stock option and restricted share unit plans, and the private placement resolution.

About Steadright Critical Minerals Inc.

Steadright Critical Minerals 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 focused in Morocco. Steadright currently has mineral exploration claims known as the Ram project near Port Cartier, Que., within the Cote-Nord region, which is accessible by route 138. The Ram project comprises over 11,000 acres and is located on an Anorthositic complex that is in a highly prospective geological unit and historically been under explored for Ni (nickel), Cu (copper), Co (cobalt) and precious metals.

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