Mr. Joseph Lanzon reports

SEARCH MINERALS ANNOUNCES REVOCATION OF CEASE TRADE ORDER

The cease trade order (the CTO) issued by the British Columbia Securities Commission (the BCSC) to Search Minerals Inc. has been revoked effective March 27, 2025.

The CTO was issued by the BCSC on April 8, 2024, as a result of the company's failure to file its annual financial statements, related management's discussion and analysis, and certifications for the year ended Nov. 30, 2023 (2023 filings), on or before March 31, 2024, as required under National Instrument 51-102 -- Continuous Disclosure Obligations. As announced in the company's news release dated Sept. 9, 2024, the BCSC amended the CTO and issued a partial revocation order dated Sept. 6, 2024, permitting the company to complete a private placement transaction.

The company filed the 2023 filings on SEDAR+ on Nov. 20, 2024. On Dec. 20, 2024, the company filed certain additional required continuous disclosure documents to bring its disclosure obligations up to date with the requirements of NI 51-102 and has continued to meet the requirements of NI 51-102 thereafter. These documents are available under the company's SEDAR+ profile.

The company continues to work with the TSX Venture Exchange on a reinstatement of trading and will update the market as matters progress.

About Search Minerals Inc.

Search Minerals is focused on exploring for and developing critical rare-earths elements (CREE) as well as transition metals zirconium (Zr) and hafnium (Hf) within the emerging Port Hope Simpson -- St. Lewis CREE district of South East Labrador. The company controls two deposits (Foxtrot and Deep Fox), two drill-ready prospects (Fox Meadow and Silver Fox), and numerous other CREE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64-kilometre-long belt forming a CREE district in Labrador.

Search Minerals also controls additional CREE assets in the Red Wine CREE district of central Labrador. These include: the drill-ready Two Tom Lake CREE-Be-Nb (beryllium-niobium) deposit, the Mann No. 1 CREE-Nb-Be prospect and Merlot CREE prospect.

We seek Safe Harbor.