Mr. Simon Chapelle reports

STEADRIGHT CRITICAL MINERALS INC. TO ACQUIRE UP TO 75% INTEREST IN THE PERIBONKA REE-NIOBIUM CARBONATITE PROJECT, SAGUENAY-LAC-ST-JEAN REGION, QUEBEC

Steadright Critical Minerals Inc. has entered into a definitive option agreement to acquire up to a 75-per-cent interest in the Peribonka rare earth element (REE) and niobium carbonatite project, located in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.

The property represents a low-cost exploration opportunity for critical minerals, strategically positioned within a proven alkaline intrusive district that hosts Canada's only producing niobium mine.

Peribonka REE/niobium carbonatite project overview

The Peribonka project covers a distinct ovoid magnetic anomaly interpreted to represent a carbonatite or alkaline intrusive body comparable with nearby niobium- and tantalum-bearing systems associated with the Saguenay graben.

Key geological features:

• Characteristic ovoid magnetic anomaly with deep roots and a surrounding magnetic negative ring;
• Covered by thin alluvial sand deposits, with bedrock estimated at 30 to 60 metres depth
• Anomalous trace rare earth element values at surface in historical government data sets (GM40582);
• 100-per-cent ownership of 37 contiguous claims, with expansion potential;
• Road accessible; no helicopter support required;
• Located a few kilometres north of St-Ludger-de-Milot, with nearby power lines, roads and port access.

Regional context: Saguenay graben alkaline intrusions

The property lies within a major structural corridor hosting multiple alkaline and carbonatite intrusions, including:

• Niobec mine (St-Honore) -- operating since 1976, the only niobium mine outside Brazil;
• Crevier niobium-tantalum nepheline syenite dike, extending over three kilometres (SGS technical report, 2010);
• Shipshaw and Falardeau carbonatites, discovered between 2010 and 2013.

The Peribonka anomaly exhibits similar geophysical characteristics to these known intrusions and remains completely untested by drilling due to overlying sand and gravel.

Option agreement terms

Steadright Critical Minerals has signed an option agreement dated Sept. 8, 2026, with:

• Critical Foundation Metals Inc. (CFM) -- 25-per-cent carried interest holder;
• Michel Gaudreault -- Vendor 1, current claimholder;
• Frederic Bergeron -- Vendor 2, current claimholder.

The vendors grant Steadright Critical Minerals the exclusive option to acquire a 75-per-cent undivided interest in the Peribonka property:

• 75 per cent -- Steadright Critical Minerals;
• 25 per cent -- Critical Foundation Metals.

Consideration to vendors

Share issuance

Steadright Critical Minerals will issue one million common shares as follows:

• Vendor 1: 500,000 shares;
• Vendor 2: 500,000 shares.

Breakdown:

• 600,000 shares issued immediately (300,000 to each vendor), subject to a four-month hold;
• 400,000 shares issued within six months of signing (200,000 to each vendor).

Net smelter royalty (NSR)

The vendors retain a 3.5-per-cent NSR on all production.

NSR buyback

Steadright Critical Minerals may repurchase 1.5 per cent of the NSR for $2.5-million, leaving a continuing 2-per-cent NSR with the vendors.

Carried interest -- Critical Foundation Metals:

• CFM retains a 25-per-cent carried interest.
• Steadright Critical Minerals will finance up to $1-million in exploration expenditures on behalf of CFM.
• A joint exploration committee (Steadright Critical Minerals and CFM) will determine allocation of expenditures and approve any amounts exceeding $1-million.

Minimum financing requirement

Steadright Critical Minerals must expend $400,000 on exploration or development on or before Oct. 30, 2027.

Vendor take-back clause

If Steadright Critical Minerals fails to meet this requirement:

• Vendors regain 100-per-cent ownership of the mineral claims.
• All Steadright Critical Minerals rights and obligations terminate.
• Shares and NSR already granted remain with the vendors.

First right of refusal

CFM retains first right of refusal on any future sale, transfer or disposition of the property or any interest therein.

Steadright Critical Minerals chief executive officer Matt Lewis stated: "The Peribonka anomaly is one of the last untested carbonatite-style targets in the Saguenay graben, located between two proven critical-metal districts. This agreement positions Steadright to advance a highly prospective REE/Nb target with excellent infrastructure and low exploration costs."

The shares are deemed at a price of 12 cents per share.

Disclosure

The CEO of Steadright Critical Minerals holds an approximate 7-per-cent indirect interest in CFM through a 33-per-cent ownership in a private entity that owns approximately 21 per cent of the common shares of CFM. In addition, a consultant of the company is the spouse of a former director of Steadright Critical Minerals. This person, with her immediate family, is the controlling shareholder of CFM and owns a majority of the common shares in CFM.

Qualified person

David M. Pollard, CGeol, who is a qualified person under the National Instrument 43-101, Standards of Disclosure of Mineral Projects, has reviewed and approved the scientific and technical information in this press release, with notice to the reader that all information requires verification.

About Steadright Critical Minerals Inc.

Steadright Critical Minerals is a mineral exploration company established in 2019.

Steadright Critical Minerals has been focused on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space.

Steadright Critical Minerals currently has exposure through a Moroccan entity known as NSM Capital SARL, with over 192 square kilometres of mineral exploration claims called the TitanBeach titanium project, along with the Copper Valley project. Steadright Critical Minerals also has a binding MOU (memorandum of understanding) for the historic Goundafa mine within the Kingdom of Morocco.

We seek Safe Harbor.