CAT Strategic Announces First Tranche Closing and Upsizing of the Offering

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - CAT Strategic Metals Corporation (CSE: CAT) (OTC Pink: CATTF) (FSE: 8CHA) ("CAT" or the "Company") is pleased to announce the closing of a first tranche of its previously announced non-brokered private placement financing for gross proceeds of $300,000 (the "Offering"). In connection with the first tranche closing of the Offering, the Company issued 30,000,000 units (the "Units") at a price of $0.01 per Unit.

Each Unit is comprised of one common share (a "Common Share") in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.05 per share until 4:00 p.m. (Pacific Time) on November 21, 2030. The Warrants are currently listed on the Canadian Securities Exchange under the trading symbol "CAT.WT".

No finder's fee was paid in this Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance, as well as a concurrent resale restriction under Canadian Securities Exchange (the "CSE") policies requiring a CSE-prescribed legend restricting trading until the expiry of the hold period. Net proceeds from the Offering will be used by the Company for general working capital purposes.

An insider from the Company subscribed indirectly for a total of 900,000 Units under the Offering. A subscription by an insider of the Company is considered to be a "related party transaction" of the Company within the meaning of Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. Additionally, the Company is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(a) as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the closing of the Offering because the details of the insider participation were not finalized until closer to closing of the Offering and the Company wished to close the Offering as soon as practicable for sound business reasons.