Mr. Martin Walter reports

CARLTON ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Carlton Precious Inc. has released the results of its annual and special meeting of shareholders held July 3, 2025.

A total of 28,620,194 common shares of the company were represented at the meeting, representing approximately 42 per cent of the total number of common shares of the company issued and outstanding. All matters presented for approval at the meeting were duly authorized and approved, including: (1) setting the board of directors at five; (2) election of all five management nominees (Marc Henderson (chair), Matthew Andrews, Markus Janser, Campbell Smyth and Martin Walter (chief executive officer)) to the board of directors of the company; (3) the appointment of DeVisser Gray LLP as auditor of the company for the ensuing year and authorization of the directors to fix their remuneration; and (4) reapproval of the stock option plan.

About Carlton Precious Inc.

Carlton Precious is a publicly traded precious and base metals exploration company listed on the TSX Venture Exchange. The company is managed by a team of experienced mining and geological professionals. Carlton Precious's projects are focused on key mining jurisdictions, including Peru and Australia (central Victoria and Tasmania).