Supreme Critical Metals Inc. Announces Filing of Annual Financials And Provides Fifth Default Status Update

VANCOUVER, BC / ACCESS Newswire / August 29, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC:VRCFF) ("Supreme" or the "Company") provides its fifth bi-weekly Default Status Report under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"), pursuant to which Supreme issued its original default announcement indicating that the filing of its annual audited financial statements, annual management's discussion and analysis and related certifications for the financial year ended February 28, 2025 (collectively, the "Required Filings"), would be delayed beyond the filing deadline of June 27, 2025. The Company is pleased to report that it filed the Required Filings on August 28, 2025. Other than the filing of the Required Filings, the Company reports that since it's news release dated August 15, 2025, there have been no material changes to the information contained therein that have not been disclosed, nor any failure by Supreme to fulfill its intentions as stated therein.

As a result of circumstances reasonably linked to the Company's delay in filing the Required Filings, the Company did not meet the deadline for filing its interim unaudited financial statements, interim management's discussion and analysis, and related certifications for the three-month period ended May 31, 2025 (collectively, the "Interim Filings"). As a result of the Company's delay in preparing the Required Filings, the Interim Filings could not be properly completed in accordance with Canadian securities law and regulation. Under the securities laws of the provinces in which Supreme is a reporting issuer, the Interim Filings were to be filed by July 30, 2025.

The Company's Board of Directors and management confirm that they are working expeditiously to meet the Company's obligations related to the filing of the Interim Filings. The Company expects to file the Interim Filings on or before September 4, 2025.

Until the Interim Filings have been filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the financial statement filing requirement. In the event that the Company does not file the Interim Filings in a timely manner, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Company.