CAT Strategic Completes Initial Ground Follow-up Exploration over Geophysical Anomalies ON South Preston Uranium Project

CAT STRATEGIC COMPLETES INITIAL GROUND FOLLOW-UP EXPLORATION

OVER GEOPHYSICAL ANOMALIES ON SOUTH PRESTON URANIUM PROJECT

VANCOUVER, BC September 21, 2022 - CAT Strategic Metals Corporation (CSE:

CAT, OTC: CATTF, FRA: 8CH) (“CAT” or the "Company") reports that, further to its

news release of August 9th, 2022 announcing the completion of airborne geophysical

surveys over portions of its South Preston Uranium Project in Canada’s prolific

Athabasca Basin, the Company has completed reconnaissance ground follow-up bio-

geochemical surveying and geological prospecting over anomalies detected in the

geophysical survey.

The geophysical work consisted of magnetic and electromagnetic surveying and several

NE-trending conductive zones were detected that are localized on the boundaries

between contrasting (high-low) magnetic domains. Conductors such as these have

been associated with graphite-bearing shear zones that are important hosts to uranium

mineralization in the Athabasca Basin. One of these conductive zones is contiguous

with the zone currently being drill-tested by Azincourt immediately to the northeast and

just over the property boundary. Another north-trending conductor was detected in the

general vicinity of uranium mineralization reported by Denison Mines in 1970, however

the mineral occurrence could not be located during this field program.

CAT’s follow-up exploration, carried out under the management of Watts, Griffis and

McOuat Ltd. (“WGM”) during August and early September, consisted of vegetation

sampling and prosecting for outcrops of bedrock spatially associated with the

conductive zones. Two 2-man field crews were deployed, one crew focused exclusively

on the bio-geochemical sampling while the other focused on bedrock examinations and

sampling. In practical terms, however, the two crews worked very closely with each

other to simplify helicopter support and because the focus of the work involved the

same conductive zones.

The sampling of black spruce and jack pine vegetation was carried out on profiles

spaced at 150-metre or 200-metre intervals crossing the conductive zones. Samples

were spaced at a 25-metre interval over the central portions of the conductive zones,

and increased to 50-metre intervals on the shoulders of the zones. The outer fringes

were sampled using a 100-metre interval. A total of 38 profiles were sampled, ranging

from 500-metre to 1,000-metres in length, and on which 718 samples were collected.

Approximately one sample in every twenty was a duplicate taken for quality control

purposes and to assess site variability. Sample locations were measured to within 2-3

metre accuracy by Garmin GPSMAP 64SX GPS instruments. At each site, the ambient

levels of radiation were measured using a Radiation Solutions RS-125 spectrometer

which gave 4-channel gamma ray measurements for K, U, Th and total count. Any

anomalous radiation, for example from boulders, was also measured. The RS-125

spectrometer was also used to continuously record gamma-ray activity along the profile

line, with spatial control being provided by the location and time that each

biogeochemical sample was collected.

Simultaneously with the geochemical sampling, the profiles were prospected for

bedrock exposures. The location of the bedrock was measured by GPS and the

ambient levels of radiation were measured using an aforementioned RS-125

spectrometer. Both background and peak gamma-ray activities were recorded for any

outcrop and detailed notes were made at every outcrop. A representative suite of 81

rock samples was collected including 3 duplicates for quality control purposes.

All samples are currently being analysed at the Saskatchewan Research Council’s

Geolab using conventional sample preparation and analysing techniques. Due to high

levels of exploration activity nationwide, extended turn-around times of approximately 6

weeks are being forecast by industry laboratories including the SRC.

WGM commented that “The geophysical survey results are very encouraging. Our

surface exploration confirmed the location of a major conductive zone beneath a

drainage system that follows a very strong NE-trending structural lineament. Similar

lineaments are closely associated with uranium deposits in much of the Athabasca

Basin, and WGM’s view of the uranium potential of the CAT project is very high. The

next step will be to follow up geochemical anomalies associated with the conductors,

and a radon lake water and bottom sediment sampling program will most likely be

included as part of the next phase of groundwork planned for the coming fall/winter

season”.

CAT’s South Preston Uranium Project comprises 29,395 hectares, and shares ~50km of

contiguous claim border with Azincourt Energy Corp. (“Azincourt” or "AAZ") which

reported uranium enrichment within previously identified alteration zones. Azincourt

recently reported the results of their 2022 Winter drill program and CAT is particularly

encouraged by the results of the recent drilling that occurred in Azincourt’s G-Zone,

which is quite close to the border of CAT’s claim block.

About CAT Strategic Metals Corporation (CAT)

CAT Strategic Metals' corporate strategy, as reflected in its overall Mission Statement,

is to source, identify, acquire and advance property interests located in mineral districts

proven to have world-class potential, primarily for gold and copper. In addition to the

priority South Preston Uranium Project, CAT' is focused on advancing the Burntland

Project located northeast of St. Quentin in the Restigouche County, New Brunswick,

Canada, directed at the exploration and development of several Skarn-hosted copper-

silver, gold targets and the Gold Jackpot strategic metals property located NE of Elko,

Nevada, in the Pequop gold-copper trend with multiple targets for gold-silver, copper,

and tellurium. CAT's shares trade on the Canadian Securities Exchange (CSE) under

the trading symbol "CAT", and on the Frankfurt Stock Exchange under the symbol

"8CH".

ON BEHALF OF THE BOARD

Robert Rosner

Chairman, President & CEO

Further information regarding the Company can be found on SEDAR

at www.SEDAR.com, by visiting the Company's website www.catstrategic.com or by

contacting the Company directly at (604) 674-3145.

This news release has been reviewed for accuracy by Watts, Griffis and McOuat Ltd.

(“WGM”) of Toronto, Ontario, Canada. This release may contain forward-looking

statements. Forward-looking statements address future events and conditions and

therefore involve inherent risks and uncertainties. Actual results may differ materially

from those currently anticipated in such statements. Particular risks applicable to this

press release include risks associated with planned production, including the ability of

the company to achieve its targeted exploration outline due to regulatory, technical or

economic factors. In addition, there are risks associated with estimates of resources,

and there is no guarantee that a resource will be found or have demonstrated economic

viability as necessary to be classified as a reserve. There is no guarantee that additional

exploration work will result in significant increases to resource estimates

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that

term is defined in policies of the Canadian Securities Exchange) accepts responsibility

for the adequacy or accuracy of this release.

We seek safe harbour.