Critical One Energy Signs Exploration Agreement with Eabametoong First Nation and Commences Drilling at Howells Lake Antimony-Gold Project

Executive Summary

• Critical One Energy Inc. signed a collaborative exploration agreement with Eabametoong First Nation for the Howells Lake Antimony‑Gold Project in Ontario.
• The company has mobilized crews and begun Phase I diamond drilling to test high‑priority targets and validate historic high‑grade antimony and gold intersections.
• Critical One will issue CDN$250,000 of shares within 30 days of signing and provide additional cash considerations tied to exploration value.

Key Details

• Agreement Scope: Establishes a framework for responsible exploration and potential future development on approximately 25,000 ha (30 km strike) in the Thunder Bay Mining Division, respecting EFN engagement protocols and Indigenous rights.
• Drilling Program: Phase I diamond drilling launched to confirm historic intercepts such as up to 75 % antimony, >14 g/t Au, 5.37 % antimony over 8.35 m, and other high‑grade zones. Data will support future resource delineation.
• Historical Resource: Previously reported 1.7 M t at 1.4 % antimony with associated gold (Inferred + Speculated; not NI 43‑101 compliant).
• Equity Issuance: CDN$250,000 worth of Common Shares to be issued within 30 days of the agreement signing.
• Cash Consideration: Additional cash payments will be made based on exploration value and project expenses throughout its life.
• Qualified Person Disclaimer: Historical assay data not verified under current NI 43‑101 standards; resource estimate is not current.

Notable Quotes

• “We are thrilled to formalize our relationship with Eabametoong First Nation… advancing a project of strategic importance for critical minerals like antimony.” – Duane Parnham, Founder, Executive Chairman & CEO, Critical One Energy Inc.
• “This project represents an important step forward in corporate and First Nation relationships.” – Chief Solomon Atlookan, Eabametoong First Nation.