Mr. Lorne Harder, an investor, reports

LORNE HARDER ACQUIRES OVER 10% IN SEARCH MINERALS INC.

Lorne Harder, of Suite 395, 901 West Third St., North Vancouver, B.C., has filed an early warning report dated Nov. 7, 2025, disclosing his recent acquisition of common shares in the capital of Search Minerals Inc. (the issuer). This acquisition transaction did not take place in the market. The acquisition was made by Mr. Harder through his wholly owned company, Harder Investments Ltd.

On Nov. 7, 2025, Harder Investments acquired an aggregate of 3,615,557 common shares from InCoR Holdings Ltd. pursuant to the Court Order Enforcement Act (British Columbia) as partial satisfaction of a judgment (the seizure) obtained by the acquiror, Springhill Investments Ltd. and Harder Investments against InCoR and certain of its related parties.

The seizure increased the acquiror's direct and indirect shareholdings in the issuer to 4,929,004 common shares, increasing the acquiror's ownership percentage in the issued and outstanding common shares by 8.61 per cent (calculated on a non-diluted basis) such that the acquiror's shareholding percentage of the issued and outstanding common shares is 11.74 per cent (calculated on a non-diluted basis). Mr. Harder's acquisition of these securities triggered the requirement to file an early warning report.

Before the seizure, the acquiror, including common shares held through Harder Investments, held 1,313,447 common shares and warrants to purchase one million common shares at an exercise price of 50 cents per common share expiring on Nov. 12, 2025, representing 3.13 per cent of the issued and outstanding common shares on a non-diluted basis and 5.38 per cent of the issued and outstanding common shares on a partially diluted basis.

After the seizure, the acquiror, including common shares held through Harder Investments, holds 4,929,004 common shares and warrants to purchase up to one million common shares at a price of 50 cents per common share and expiring on Nov. 12, 2025, representing 11.74 per cent of the issued and outstanding common shares on a non-diluted basis and 13.79 per cent of the issued and outstanding common shares on a partially diluted basis.

The common shares were acquired under the Court Order Enforcement Act (British Columbia) as partial satisfaction of a judgment obtained by the Harder parties against the InCoR parties. Mr. Harder reserves the right to formulate other plans or make other proposals and take such actions with respect to its investment holding as it may determine in its sole discretion.

This press release is issued pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires the early warning report to be filed and to contain additional information with respect to the foregoing matters. A copy of the early warning report will appear with the issuer's documents on the SEDAR+ website. A copy of the early warning report may also be obtained by contacting George Gale at 604-985-3327.