CAT Strategic Continues to Stake More Claims Around the Emerging Lithium Discovery Area in Elko County, Nevada, and its Primary Property, Gold Jackpot

• Increased Land Position Now Exceeds 132 Claims and totals 2,747 acres
• New Claims Are in Highly Advantageous Positions

VANCOUVER, BC / ACCESSWIRE / June 23, 2023 / CAT Strategic Metals Corporation (CSE:CAT)(OTC PINK:CATTF)(FRA:8CH) ("CAT" or the "Company") announces that, further to its news release of June 8, 2023, the Company has continued to stake claims adjacent to, and around, its Gold Jackpot property located NE of Elko, Nevada. This ongoing claim staking activity is the result of the recent discovery of highly anomalous lithium values reported by Surge Battery Metals Inc. ("Surge") on its Nevada North Lithium Project, located only ~1.5 miles from Gold Jackpot.

ADDITIONAL NEW CLAIMS STAKED

CAT deployed a third consulting geologist to the property this past week to continue the staking activity initially undertaken by Rick Redfern and Patrick Laforest at the beginning of June. This intensive ground work has resulted in CAT staking a further sixty (60) claims to the east and west of the Company's existing claim block. This claim staking program has increased CAT's landholdings to 133 claims, which now totals 2,747 acres, or 1,112 hectares.

GOLD JACKPOT MINERALIZATION

Additional rock chip samples were taken by Redfern and Laforest, during their most recent claim staking, of multi-phase Cu-Au-Ag-Te-Mo mineralization at Stag's Leap and were submitted to the ALS laboratory in Elko. Widespread distribution of copper mineralization over an 800 by 2700-plus meter area at Stag's Leap suggests a possible early porphyry/diatreme copper-gold-molybdenum system at depth. This appears to have been overprinted by a later gold-tellurium system. A possible, still later, Carlin-style gold system is suggested by auriferous, acid-leached ("sanded") Paleozoic carbonate rocks in a NE-trending fault zone at the Prince uranium mine which is 1.8 Km southwest of Stag's Leap. The uranium appears to have originated from the Opal Spring Caldera system (~11 Ma?), whose youngest rhyolitic dome rocks are highly-enriched in uranium. The lithium is the most recent event (~10 Ma) of mineralization in the property area.

CAT CEO, Robert Rosner, stated that "The Gold Jackpot Property has been determined by our geologist, Rick Redfern, to be part of the same lithology and geological structure that occurs on the Surge property. It should also be noted that Mr. Redfern's knowledge of this structure goes back many years, predating the discovery by Surge of lithium, and his enthusiasm for Gold Jackpot has expanded significantly with our focus on lithium in the discovery area".