Mr. Glen Watson reports

SUPREME CRITICAL METALS ANNOUNCES CLOSING OF FIRST TRANCHE OF LIFE OFFERING, UPSIZE TO OFFERING AND FILING OF AMENDED AND RESTATED OFFERING DOCUMENT

Supreme Critical Metals Inc. has closed the first tranche of its non-brokered private placement financing of up to 10 million units of the company as previously announced in its news release dated Jan. 27, 2026.

The first tranche closing of the LIFE (listed issuer financing exemption) offering consisted of the issuance of an aggregate of 9.68 million units at a price of 10 cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share in the capital of the company at a price of 20 cents for a period of 24 months from the closing of the first tranche of the LIFE offering.

The company relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, in connection with the distribution of all 9.68 million free trading common shares under tranche one of the LIFE offering for proceeds of $968,000. The company paid $49,910 in finders' fees and issued 499,100 finders' warrants in connection with this tranche of the LIFE offering. The finders' warrants each entitle the holder thereof to acquire one additional common share in the capital of the company at a price of 20 cents for a period of 24 months from the closing of the first tranche of the LIFE offering.

The issuance of 450,000 units, in aggregate, to certain insiders of the company constitutes a related party transaction as such term is defined in Multilateral Instrument 61-101. Pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, the company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements, respectively, as the common shares trade on the Canadian Securities Exchange and neither the fair market value of the units nor the consideration for such units, insofar as it involves the insiders, exceeds 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing of the LIFE offering, as the details and amounts of the related party participation were not finalized until closer to the closing and the company wished to close the transaction as soon as practicable for sound business reasons.

The company is also pleased to announce that, in response to strong investor demand in the market, the company is increasing the size of the LIFE offering to a maximum of 14 million units or a raise of up to $1.4-million. The second tranche closing of the LIFE offering is anticipated to occur on or about Feb. 15, 2026, or such other date (or dates) as may be determined by the company. The closing of the LIFE offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Canadian Securities Exchange.

There is an amended and restated offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this amended and restated offering document before making an investment decision.

The company will continue to engage in further raising efforts in order to maximize investment in the units and to attempt to fully subscribe the LIFE offering.

The company intends to use the net proceeds of the LIFE offering, as more specifically described in the offering document, and for exploration activities, general corporate and working capital purposes.

About Supreme Critical Metals Inc.

Supreme Critical Metals is a publicly traded, diversified exploration company advancing a portfolio of high-potential silver, copper, uranium and gold properties across North America. The company follows a disciplined, data-driven acquisition strategy focused on mining-friendly jurisdictions with established infrastructure, predictable permitting and supportive regulatory frameworks.

We seek Safe Harbor.