Critical One arranges $7.65-million private placement

Mr. Duane Parnham reports CRITICAL ONE ENERGY ARRANGES OVERSUBSCRIBED CDN$7.65 MILLION FLOW-THROUGH PRIVATE PLACEMENT Critical One Energy Inc. (formerly Madison Metals Inc.) has arranged, with a number of funds and high-net-worth investors, an oversubscribed, non-brokered private placement offering of up to 7.65 million flow-through (FT) common shares at a price of $1 per FT share, for gross proceeds of up to $7.65-million. The company may pay finders' fees on a portion of the offering to eligible finders in the form of: (i) a cash commission of up to 6.0 per cent of the gross proceeds raised under the offering; and (ii) common share purchase warrants of the company in an amount up to 6.0 per cent of the FT shares issued under the offering. Each finder's warrant will be exercisable to purchase one common share in the capital of the company at a price of $1.50 per common share for a period of 18 months from the date of closing. The company intends to use the gross proceeds from the sale of the FT shares to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, as defined in the Income Tax Act (Canada). Critical One's exploration focus is the Howells Lake antimony-gold project. In addition to antimony and gold, exploration will include copper, zinc and other base metals. The Howells Lake project is located approximately 200 kilometres from the Ring of Fire corridor in the Thunder Bay mining division of Ontario, Canada. The offering is scheduled to close on or about Oct. 17, 2025. All securities issued pursuant to the offering described above will be subject to a four-month-and-one-day hold period. About Critical One Energy Inc. Critical One Energy (formerly Madison Metals) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. The Howells Lake antimony-gold project focuses the company's exposure on antimony, one of the most in-demand critical minerals, as well as gold, which is known to occur at numerous locations on the Howells Lake project. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial and financial expertise, the company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders. We seek Safe Harbor.