Supreme enters option deal to acquire Gold Springs 1

Mr. George Tsafalas reports SUPREME CRITICAL METALS OPTIONS GOLD SPRINGS 1 PROPERTY, LINCOLN COUNTY, NEVADA Supreme Critical Metals Inc. has acquired an option to earn a 100-per-cent interest in the Gold Springs 1 property, located in Stateline mining district, Lincoln county, Nevada, United States, for cash consideration of $250,000 (U.S.). The company has entered into an arm's-length agreement whereby Stockworks Agency Inc. will assign to it an option agreement dated Oct. 9, 2025, between Stockworks and Nevada Select Royalty Inc., a Nevada-based precious metals property holding and royalty company that is a wholly owned subsidiary of Gold Royalty Corp. The closing of the transaction is expected to occur on or about Nov. 15, 2025. At closing and subject to approval of the Canadian Securities Exchange, the company will pay to Stockworks 1.25 million common shares at a deemed price of 21 cents per share. Option terms Under the terms of the option agreement, Supreme may acquire a 100-per-cent interest in the property by completing the following cash payments totalling $250,000 to Nevada Select over a four-year period: $15,000 (U.S.) on the effective date (Oct. 9, 2025); $25,000 (U.S.) on or before the first anniversary; $45,000 (U.S.) on or before the second anniversary; $75,000 (U.S.) on or before the third anniversary; $90,000 (U.S.) on or before the fourth anniversary. Upon exercise of the option, Nevada Select will retain a 3.0-per-cent net smelter returns (NSR) royalty on all mineral production from the property. The option agreement allows for standard exploration rights during the option period, including surface access, geochemical sampling, geophysics, mapping and drilling, consistent with United States Bureau of Land Management regulations. "The Gold Springs 1 acquisition advances our disciplined strategy to build a diversified North American portfolio across silver, copper, uranium and gold," said George Tsafalas, interim chief executive officer and director of Supreme Critical Metals. "Nevada is among the world's most mining-friendly jurisdictions, and Gold Springs 1 represents an early stage exploration opportunity within a well-documented mineralized belt, and we'll begin fieldwork to rank drill targets now, with a view to a 2026 program." The Gold Springs 1 is situated within an active and historically productive mining region of Lincoln county, Nevada, administered by the U.S. Bureau of Land Management's Caliente Field Office. The area hosts several exploration and development projects, including Gold Springs Resource Corp.'s Gold Springs project, an established gold-silver system extending across the Nevada-Utah border, Nevada King Gold Corp.'s Atlanta gold mine, a past-producing open-pit operation currently being advanced through drilling and permitting, and NevGold Corp.'s Cedar Wash project, a district-scale gold exploration property to the south. Additional mineral exploration and industrial mineral operations, including the Pioche Sepiolite project and permitted perlite mining activities, reflecting the region's established mining infrastructure and active exploration presence, and continuing exploration activity. The presence of these projects underscores the mining-friendly regulatory environment and accessibility of Lincoln county for responsible mineral exploration and development. About Gold Springs 1 Location: The Gold Springs 1 property is located in the Stateline (Eagle Valley) mining district, Lincoln county, Nevada, United States, approximately 40 kilometres east of Pioche near the Nevada-Utah state line. Geology and mineralization: Gold Springs 1 comprises 23 unpatented mining claims covering a contiguous land package in Township 1 North, Range 71 East, Mount Diablo Meridian. The district recorded roughly $400,000 in historical gold-silver production from 1896 into the 1930s, including high-grade silver from the principal vein system on the claim block. Two principal northeast-striking, west-dipping fault-controlled zones are recognized: the Tempa-Helen vein system and the Miramonte zone. These structures exhibit extensive silicification with quartz-adularia-calcite veining and classic low-sulphidation epithermal gold-silver mineralization. The Tempa vein averages two to 10 metres in width and is traceable for greater than 1.6 kilometres along strike with approximately 250 m of vertical exposure. Gold Summit Corp. reported assays up to 517 g/t Ag (silver) and 4.2 g/t Au (gold). The Miramonte zone, approximately 650 m east of Tempa, extends approximately 1.2 km through silicified outcrops, pits and an adit; early chip sampling reported 0.9 m at 40 g/t Au from a quartz vein, indicative of geochemical similarities to upper levels of the Tempa system. Regional context: The property forms part of the broader Gold Springs 1 epithermal trend along the Nevada-Utah border. Mineralization is controlled by Basin-and-Range extensional faults and ring-fracture zones related to Miocene-age caldera complexes. Host rocks include andesite, latite and rhyolitic tuffs with pervasive silicification and clay (argillic) alteration. Drilling and mapping across adjacent parts of the trend have outlined mineralized corridors up to approximately 150 m true width with greater than eight km strike lengths, supporting potential for near-surface, bulk-tonnage mineralization with localized high-grade shoots. Historical data disclaimer (National Instrument 43-101/British Columbia Securities Commission): The information regarding past exploration work, sampling and assay results on the property is historical in nature. Supreme has not independently verified the historical data disclosed herein. Although the company and its qualified person consider the information to be relevant, it does not conform to current National Instrument 43-101 standards and should not be relied upon. Additional work -- including drilling, sampling and independent verification by a qualified person -- will be required to confirm the presence of mineralization and to bring any historical estimates into compliance with current reporting standards. Citations for historical data have been included to comply with National Instrument 43-101 Section 3.5. Sources comprise archival and publicly available government and corporate records as noted. The company and its qualified person have not verified these results, and they should not be relied upon except as indicators of the presence of mineralization requiring further exploration. Qualified person The scientific and technical information contained in this news release has been reviewed and approved by Helgi Sigurgeirson, PGeo, a certified independent professional geologist who is a qualified person as such term is defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. About Supreme Critical Metals Inc. Supreme Critical Metals is a publicly traded, diversified exploration company advancing a portfolio of high-potential silver, copper, uranium and gold properties across North America. The company follows a disciplined, data-driven acquisition strategy focused on mining-friendly jurisdictions with established infrastructure, predictable permitting and supportive regulatory frameworks. Supreme's technical team prioritizes projects with clear discovery upside, near-surface targets and the potential for rapid, cost-effective drilling. Current work programs emphasize geophysics, geochemistry, mapping and targeted drilling under NI 43-101 standards, with a commitment to responsible exploration, community engagement and transparent disclosure for investors. By concentrating on commodities critical to electrification and energy security, silver, copper, uranium, and gold, Supreme aims to advance its portfolio through systematic exploration programs designed to deliver measurable results and transparent reporting to investors. We seek Safe Harbor.