Mr. Simon Chapelle reports

STEADRIGHT BEGINS EXPLORATION AT PERIBONKA REE-NIOBIUM CARBONATITE TARGET IN QUEBEC'S NIOBIUM DISTRICT

Steadright Critical Minerals Inc. exploration is under way at the Peribonka rare earth element and niobium carbonatite target in the Saguenay-Lac-Saint-Jean region of Quebec. The project lies in the same district as the Niobec mine, Canada's only producing niobium mine.

Airborne survey complete

A helicopter-borne high-resolution magnetic and gamma-ray spectrometric survey has been flown over all 37 claims under the guidance of Magnor Exploration, covering 622 line kilometres at 50-metre line spacing. Results and interpretation are expected in the coming weeks, and will be used to define targets for the first drill test of the Peribonka anomaly.

A proven carbonatite district

The government of Quebec has named the nearby Shipshaw carbonatite one of five priority carbonatite and alkaline systems in the province for detailed geological study. Shipshaw lies on the prolific Waswanipi-Saguenay corridor, the district behind all of Canada's niobium production. The other four systems are:

• The Saint-Honore alkaline complex: home of the producing Niobec mine, roughly two kilometres from Shipshaw;
• The Crevier alkaline intrusion: a recognized niobium and tantalum project north of Lac Saint-Jean;
• The Grand Lac Brochet carbonatite: an identified critical mineral system within the corridor;
• The Girardville carbonatite: another key target prioritized for provincial study.

The selection underscores the strategic value of the Saguenay region to Canada's domestic supply of niobium and rare earth elements and Quebec's intent to map and unlock one of the country's most vital resource corridors.

The Peribonka target

The Peribonka anomaly shows a geophysical signature similar to these known intrusions and has never been drilled, as it lies beneath sand and gravel cover. No carbonatite or rare-earth-element-niobium mineralization has been confirmed at Peribonka to date. The new survey is the first modern, property-wide step toward testing it.

Amendment No. 2 to the NSM Capital Sarl shareholder agreement

Steadright and Critical Foundation Metals Inc. have signed a second amendment to the Sept. 25, 2025, shareholder agreement that governs NSM Capital. The first amendment was dated April 27, 2026. The new amendment replaces articles 3.5 and 3.6 and updates how NSM's shareholders make decisions:

• Meetings (Article 3.5): Ordinary decisions still require shareholders holding more than half of the capital to be present or represented. Decisions on governance, management oversight or internal procedures now require the approval of both shareholders. Extraordinary resolutions require the approval of all shareholders.
• Written resolutions (Article 3.6): Decisions may also be made in writing, with a consultation period of at least 15 days. Governance and management matters require the agreement of both shareholders.

Disclosure

Steadright's chief executive officer holds an indirect interest of approximately 6 per cent in CFM, through a 33-per-cent stake in a private company that owns approximately 18 per cent of CFM's common shares. Separately, a consultant to Steadright, who is the spouse of a former Steadright director, is, together with her immediate family, the controlling shareholder of CFM and owns a majority of its common shares.

Qualified person

David M. Pollard, CGeol, an independent qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical information in this press release. Information on the Shipshaw, Saint-Honore (Niobec), Crevier, Grand Lac Brochet and Girardville systems comes from publicly available sources. The QP has been unable to verify it, and it is not necessarily indicative of mineralization on the Peribonka project. Peribonka is an early-stage exploration target, and there is no assurance that further work will confirm a carbonatite or REE-niobium mineralization.

About Steadright Critical Minerals Inc.

Steadright is a mineral exploration company established in 2019.

Steadright focuses on exploration projects and historical mines in Morocco's critical mineral sector that can be brought into production.

Steadright has exposure, through the Moroccan entity NSM Capital, to a 32-per-cent interest in Shang Tang, a Moroccan company with more than 192 square kilometres of mineral exploration claims known as the TitanBeach titanium project, along with the Copper Valley project. Steadright also has a binding memorandum of understanding for the historic Goundafa mine in Morocco, which is fully permitted for mining operations. In Quebec, Steadright is exploring the Peribonka REE-niobium carbonatite target in the Saguenay-Lac-Saint-Jean region.

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