Mr. Sean Samson reports

TRANSITION.INC FILES TECHNICAL REPORT FOR AURORA NICKEL PROJECT UPDATED MINERAL RESOURCE ESTIMATE

Clean Energy Transition Inc. has filed on SEDAR+ an independent technical report prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects (NI 43-101) in support of the updated mineral resource estimate (MRE) for the Aurora nickel project, located 25 kilometres southeast of Timmins, Ont.

The Aurora nickel project is held by Clean Metals Inc., a wholly owned subsidiary of transition.inc. The mining lease is registered to Clean Metals in the Ontario Ministry's Mining Lands Administration System (MLAS), and this ownership structure has been previously disclosed in the company's financial filings.

As previously reported on March 6, 2025, the updated MRE outlines an indicated mineral resource of 10.06 million tonnes grading 0.42 per cent nickel across the Aurora North and Aurora South deposits. The Aurora North deposit, amenable to open pit mining, contains 8.32 Mt (million tonnes) at 0.40 per cent Ni, while the Aurora South deposit, anticipated to be mined using underground methods, contains 1.73 Mt (million tonnes) at 0.51 per cent Ni.

"We are pleased to formally file this technical report, which supports the strong results of the updated MRE," said Sean Samson, president and chief executive officer. "Aurora remains an attractive low-carbon nickel opportunity, especially given its location, infrastructure advantages and scale. We believe high-quality, near-surface nickel projects in mining-friendly jurisdictions like Timmins will continue to be essential as the energy transition advances."

The technical report is dated April 14, 2025, with an effective date of March 3, 2025, and was prepared by Micon International Ltd.

The technical report is available under the company's issuer profile on SEDAR+ and on the company's website.

For context Clean Energy notes the equivalent number of electric vehicles in the MRE's contained nickel as follows:

It is estimated that the average electric vehicle battery requires approximately 145 pounds of nickel (Bloomberg New Energy Finance (BNEF) estimate, for a 100-kilowatt-hour battery) and based on this, the contained nickel in the Aurora nickel project's MRE, this represents the equivalent nickel which would be used in more than 705,000 electric vehicles. For context, this is more than five times the total 2023 new battery EV registrations in Canada.

About Clean Energy Transition Inc.

Transition is focused on opportunities to generate positive cash flow across the energy transition. The company includes a quartz division focused on advancing its silica/quartz business with the Snow White project in Ontario and the Silicon Ridge project in Quebec. The silica in high-quality quartz can be used to make silicon metal, a key component in solar energy panels. The company also has a critical minerals division, which includes the Aurora nickel project in Ontario, where it is working to advance a potential low-carbon production opportunity to supply the growing North American demand for low-carbon nickel. Alongside the mining assets, Transition is also looking for additional opportunities, more broadly, from across the energy transition.

Qualified persons

The qualified persons (QPs) for the MRE in this news release as defined by National Instrument 43-101, are Charley Murahwi, MSc, PGeo, PrSciNat, FAusIMM, and Chitrali Sarkar, MSc, PGeo, respectively, senior economic geologist and senior geologist at Micon. Both QPs have reviewed and approved the technical information in this press release, related to the Aurora nickel project updated resource. There are no known factors that could materially affect the reliability of the MRE information verified by Mr. Murahwi and Ms. Chitrali.

We seek Safe Harbor.