Cullinan Metals Raises $278,500 in IPO and Lists on the CSE

Cullinan Metals Corp.

885, West Georgia Street

Vancouver, BC

V6C 3E8

NEWS RELEASE

CULLINAN METALS RAISES $278,500 IN INITIAL PUBLIC OFFERING AND

LISTS ON THE CANADIAN SECURITIES EXCHANGE

VANCOUVER, February 17, 2022 – Cullinan Metals Corp. (CSE: CMT ) (the “Company”) is

pleased to announce that it has completed its initial public offering of common shares through its

agent, Haywood Securities Inc. (the “ Agent”). The offering of 2,785,000 common shares (the

“Offering”) was fully subscribed for gross proceeds of $278,500. In consideration for the

Agent’s services provided in connection with the Offering, the Company paid a cash commission

equal to 10.0% of the gross proceeds from the sale of Common Shares proceeds under the

Offering and a corporate finance fee.

The company intends to use the net proceeds from the Offering to carry out exploration of its Lac

Chavigny Gold Project and for general working capital purposes.

The Company’s common shares were listed on the Canadian Securities Exchange on February

16, 2022 and are expected to begin trading under the symbol “CMT” on February 18, 2022.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mark Ferguson, Chief Executive Officer, at Suite 2200, 885, West Georgia Street Vancouver, BC

V6C 3E8, email: [email protected].

Certain statements in this release are forward-looking statements within the meaning of

Canadian securities laws, including but not limited to, statements relating to the trading date of

the Company’s common shares on the Canadian Securities Exchange and the use of

proceeds from the Offering. Forward-looking st atements consist of statements that are not

purely historical, including any statements regarding beliefs, plans, expectations or intentions

regarding the future. Such statements are subject to risks and uncertainties that may cause

actual results, performance or developments to differ materially from those contained in the

statements. No assurance can be given that any of the events anticipated by the forward-

looking statements will occur or, if they do occu r, what benefits the Company will obtain from

them.