Supreme Critical Metals Options Gold Springs 1 Property, Lincoln County, Nevada

Executive Summary

• Supreme Critical Metals Inc. entered into an option agreement to acquire a 100% interest in the Gold Springs 1 Property in Nevada for a total cash consideration of US$250,000 payable over four years.
• At closing (expected ≈ Nov 15 2025) Supreme will issue 1,250,000 common shares to Stockworks Agency at a deemed price of $0.21 per share, subject to CSE approval.
• Nevada Select will retain a 3.0% net smelter‑return royalty; the option grants Supreme standard exploration rights (geochemistry, geophysics, mapping, drilling) during the option period.

Key Details

• Transaction Structure – Option agreement dated Oct 9 2025 between Stockworks Agency Inc. and Nevada Select Royalty, Inc.; Supreme acquires the option from Stockworks.
• Cash Payments (Total US$250,000)
• $15,000 on Effective Date (Oct 9 2025)
• $25,000 by first anniversary
• $45,000 by second anniversary
• $75,000 by third anniversary
• $90,000 by fourth anniversary
• Share Issuance – At closing Supreme will issue 1,250,000 common shares to Stockworks at a deemed price of $0.21 per share (subject to CSE approval).
• Royalty Retention – Nevada Select retains a 3.0% net smelter‑return royalty on all mineral production from Gold Springs 1.
• Exploration Rights – Standard rights during option period: surface access, geochemical sampling, geophysics, mapping, and drilling in accordance with U.S. BLM regulations.
• Property Overview – 23 unpatented mining claims in Stateline (Eagle Valley) Mining District, Lincoln County, NV; historic gold‑silver production (~US$400k, 1896‑1930s). Notable historic assays: up to 517 g/t Ag and 4.2 g/t Au (Tempa vein); 40 g/t Au from quartz vein in Miramonte zone.
• Strategic Rationale – Interim CEO George Tsafalas states the acquisition aligns with Supreme’s strategy to build a diversified North‑American portfolio of silver, copper, uranium, and gold assets; fieldwork to rank drill targets will begin immediately with a 2026 drilling program planned.
• Qualified Person – Technical information reviewed and approved by Helgi Sigurgeirson, P.Geo (NI 43‑101 Qualified Person).

Notable Quotes

“The Gold Springs 1 acquisition advances our disciplined strategy to build a diversified North American portfolio across silver, copper, uranium, and gold,” — George Tsafalas, Interim CEO & Director, Supreme Critical Metals.