The TSX Venture Exchange has accepted for filing documentation relating to a property purchase agreement dated Feb. 20, 2026, between Strategic Metals Ltd. and Cascadia Minerals Ltd. Pursuant to the terms of the agreement, Cascadia will acquire a 100-per-cent interest in the Byng and Mars mineral properties, located in Southern Yukon, near Whitehorse, known as the Byng and Mars projects. In consideration for the acquisition of the property, Cascadia will make a cash payment of $125,000 and issue 500,000 common shares at a deemed price of 25 cents to Strategic. The property is subject to a 2-per-cent net smelter return (NSR) royalty in favour of Strategic. Cascadia has the right to purchase one-half of the NSR (a 1-per-cent royalty) for $2-million (subject to CPI adjustment) at any time prior to a production decision. In addition, the DDH claims comprising part of the Mars property are subject to an existing 1-per-cent NSR royalty held by a third party.

For further information, refer to news releases dated Feb. 26, 2026, and March 25, 2026, which are available under Strategic's profile on SEDAR+.