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Cullinan Metals Announces Management and Board Changes

Corporate Updates

(CSE: CMT) (OTCQB: CMTNF) (FWB: 7KO)

CULLINAN METALS ANNOUNCES MANAGEMENT AND BOARD CHANGES

Vancouver, British Columbia, January 9th, 2026 – Cullinan Metals Corp. (CSE: CMT) (OTCQB:

CMTNF) (the “ Company” or “ Cullinan”) announces that Mr. Simon Tso has been appointed as

the Chief Financial Officer and Mr. Aleem Fidai is appointed to the board of directors.

Mr. Tso is the Principal of Athena Chartered Professional Accountant Ltd., a full-cycle accounting

firm that assists both private and public companies with their financial reporting, regulatory

filing, and taxation requirements, commonly as their Controller or Chief Financial Officer. Mr. Tso

is also a co -founder of Zeus Capital Ltd., a boutique corporate finance firm that specializes in

providing financial advisory, valuation and consulting services. Prior to his current roles, Mr. Tso

spent a number of ye ars as an Associate at a local corporate finance firm and as a Senior

Accountant at a firm of Chartered Accountants. Mr. Tso graduated with a Bachelor of Commerce

(Finance) degree with honours from the UBC Sauder School of Business, and is both a CFA

Charterholder and a Chartered Professional Accountant. Mr. Tso is currently a director of Rush

Gold Corp. (CSE: RGN) and Inturai Ventures Corp. (CSE: URAI).

Mr. Fidai, based in Vancouver, brings specialized expertise in strategic, investor -focused

marketing, on -line communications and shareholder relations. A successful resource sector

investor, he has built a strong investor network and a record in operationa l improvement,

marketing strategy and corporate promotion across North America and Europe. As the founder

and CEO of Senergy Communications Capital, a leading investor relations and marketing firm, Mr.

Fidai has managed multimillion-dollar media and advertising spend for publicly listed companies

in Canada. Mr. Fidai understands the dynamics of attracting investors across all demographics.

He has already worked with over 40 -plus public companies, making a notable impact in the

industry at such an early stag e in his career. Mr. Fidai is focused on adding true value to public

companies with well thought -out digital strategies. He also serves on the board of SKRR

Exploration Inc. (TSXV: SKRR)

Mr. Peter Born has resigned from the Board of directors effective immediately. Cullinan thanks

Mr. Born for his years of service.

On Behalf of the Board,

CULLINAN METALS CORP.

Marc Enright-Morin

CEO, Director

(604) 428-7050

About Cullinan Metals Corp.

2

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the evaluation

and potential development of energy metals. The Company is actively reviewing and pursuing

opportunities in key energy resources, including copper, graphite, and l ithium, in select

jurisdictions worldwide.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts

responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward -looking statements within the meaning of applicable

securities laws. Forward -looking statements may include, but are not limited to, statements

regarding management plans, future operations, and the appointment of a perma nent Chief

Financial Officer. Forward -looking statements are based on the opinions and estimates of

management as of the date such statements are made and are subject to known and unknown

risks, uncertainties, and other factors that may cause actual results to differ materially from those

expressed or implied by such forward-looking statements.

Readers are cautioned not to place undue reliance on forward-looking statements. Actual results

and future events may differ materially from those anticipated due to various risks and

uncertainties, including those disclosed in the Company’s management’s discussion and analysis

and other disclosure documents available under the Company’s profile on SEDAR+

at www.sedarplus.ca and on the Canadian Securities Exchange website at www.thecse.com. The

Company undertakes no obligation to update or revise any forward -looking statements, except

as required by applicable securities laws.