Mr. Conan McIntyre reports

CHURCHILL RESOURCES ANNOUNCES EXERCISE OF WARRANTS FOR PROCEEDS OF $3.75 MILLION

Twenty-five million previously issued common share purchase warrants have been exercised at a price of 15 cents per share resulting in the addition of $3.75-million to Churchill Resources Inc.'s treasury. The warrants were issued in connection with a private placement that closed on Aug. 2, 2024.

Malik Easah, a director of Churchill, acquired 10 million common shares of Churchill in connection with the exercise of 10 million warrants. This portion of the announcement is made pursuant to the early warning requirements of Canadian securities legislation applicable to Mr. Easah with respect to his ownership of common shares. Mr. Easah has or will shortly be filing an early warning report in respect of this announcement on Churchill's SEDAR+ profile.

Prior to the acquisition of the common shares, Mr. Easah owned and had control over an aggregate of 32,463,000 common shares, 20 million warrants and 3.2 million options of Churchill to acquire common shares representing approximately 11.32 per cent of the issued and outstanding common shares on a diluted basis and 17.97 per cent of the issued and outstanding common shares on a partially diluted basis. Immediately following the exercise of the 10 million warrants, Mr. Easah owned and controlled an aggregate of 42,463,000 common shares, 10 million warrants and 3.2 million options representing approximately 14.32 per cent of the issued and outstanding common shares on a non-diluted basis and 55,463,000 common shares on a partially diluted basis. The aggregate purchase price paid by Mr. Easah, and received by the company, for the acquisition of 10 million common shares was $1.5-million, representing a price per share of 15 cents, based on the number of issued and outstanding common shares on a preconsolidation basis.

Mr. Easah acquired the common shares for investment purposes. Depending on market conditions, general economic and industry conditions, the company's business and financial condition and/or other relevant factors, Mr. Easah may, from time to time, acquire additional common shares or other securities of the company through market transactions, private agreements, treasury issuances or otherwise, or disposing of all or some of its common shares.

The head office of Churchill is located at 133 Richmond St. W, suite 505, Toronto, Ont., M5H 2L3.

About Churchill Resources Inc.

Churchill Resources is a Canadian exploration company focused on strategic, critical minerals in Canada, principally at its prospective Black Raven project, host to the historic Frost Cove antimony mine and Stewart gold mine, and its prospective Taylor Brook and Florence Lake properties in Newfoundland and Labrador. The Churchill management team, board and advisers have decades of combined experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill's Newfoundland and Labrador projects have the potential to benefit from the province's large and diversified minerals industry, which includes world-class mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.