CAT Strategic Files 32 Lode Claims at Jackpot Lithium; Additional Sampling and Results Received for Stag's Leap Northern Elko County, Nevada

• 32 Key Lode Mining Claims Filed and Recorded with BLM
• More Lithium Claims Staked and Sampling at Jackpot
• More Sample Results Received validating Porphyry-Diatreme Cu-Au Model

VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / CAT Strategic Metals Corporation (CSE:CAT)(OTC:CATTF)(FRA:8CH) ("CAT" or the "Company") is pleased to provide an activity update on its Jackpot Lithium and Gold Jackpot Properties located in northeastern Elko County, Nevada, near the Surge Discovery.

32 LITHIUM CLAIMS FILED WITH BLM RENO OFFICE

Lithium Claims: CAT filed 32 of its new Lithium-target lode claims with the BLM Reno, Nevada office on August 25, 2023. These claims were properly staked on what CAT interprets to have been open ground for CAT by Certified Professional Geologists and Qualified Persons, one of whom is independent of CAT and is an Expert Witness for the determination of validity of unpatented lode mining claims. The BLM file numbers for these claims are NV106317198 through NV106317227. These 32 new lode claims cover 661 acres (267.5 hectares) of a possible eastern extension of the lithium-bearing tuff sequence that is being explored by Surge Battery Metals ("Surge"; see map). These rocks and overlying sediments were mapped and studied as part of a Master's Thesis by Richard R. Redfern, M.S. (UCLA) and QP, one of CAT's consultants and Qualified Persons.

In addition, CAT staked six (6) new lode claims for lithium in the NW part of its work area, contiguous with its existing Jackpot Lithium claims, and 3 more claims contiguous to the SW. The northern claims are along the northern boundary of the Opal Springs rhyolite flow dome-(caldera?), which post-dates the Jarbidge Rhyolite. The Jarbidge Rhyolite is of a similar age as the rocks of the McDermitt sequence that holds the giant Thacker Pass lithium deposit.

The host rocks for lithium deposits in this Jackpot region, which may extend over an area of more than 40 square miles (10,360 hectares), are hosted by the eastern equivalent of the Humboldt Formation (Ts3) sedimentary and tuffaceous rocks of suggested "late to very late Miocene age" by Coats (1987), post-dating the Jarbidge Rhyolite. The source of the lithium may be lithium-rich volcanically-derived Opal Spring hydrothermal fluids that were fed upward into the overlying sediments and poorly-lithified sedimentary rocks along northerly-, northeasterly-, and northwesterly-trending feeder faults.