CCC Announces Update on the Process for Sale of the Company or its Assets and Results of Annual and Special Shareholders’ Meeting

THE CANADIAN CHROME COMPANY ANNOUNCES UPDATE

ON THE PROCESS FOR SALE OF THE COMPANY OR ITS ASSETS

AND RESULTS OF ANNUAL AND SPECIAL SHAREHOLDERS’ MEETING

Toronto, Ontario, June 24, 2026 - The Canadian Chrome Company Inc., formerly known as

KWG Resources Inc. (CSE: CACR) (CSE: CACR.A) (“CCC” or the “ Company”) pleased to

provide an update on the Company’s review and assessment of it s strategic options and

alternatives and to announce the results of the annual and special meeting of shareholders (the

“Meeting”) held on June 24, 2026.

Update on the Strategic Review and Sales Process:

As previously announced (see the Company’s news releases on January 21, 2026 and February

17, 2026), the Company has embarked on a strategic review and investigation of the possibilities

of a sale or divestiture of the Company, whether by merger, consolidation, reorganization or

business combination, or by take-over bid, negotiated purchase or other means or possible joint

venture or sale of substantially all of the assets of the Company.

In this regard, the Company notes that its assets as described in the Company’s SEDAR+ filings

– including in technical reports filed in accordance with NI 43 -101, summaries of some of which

are set out in the Company’s continuous disclosure filings such as its Annual Information Form.

Those assets include the Koper Lake Project in the Ring of Fire with an initial resource estimate

of 85.9 million tonnes of inferred resources of chromite at a grade of approximately 34.5% Cr 2O3

- with lots of potential to add to those resources in that project - as well as its 30% interest in the

Big Daddy project with its 29.1 million tonnes of measured and indicated resources of chromite at

a grade of 31.7% Cr 2O3, as well as some additional inferred resources and potential to add to

those resources in that project. The Company also has other projects in the Ring of Fire with

chromite potential.

In the context of the world’s mineral resources, the Company notes the following:

- Stainless steel is composed of 10.5% to 26% chromium

- Production of commercial quantities of chromite currently only occurs in only a few

countries - South Africa, Turkey, Kazakhstan, India, Finland, Zimbabwe, Russia, the

Philippines and Brazil, with South Africa accounting for almost half and Turkey and

Kazakhstan combined accounting for another third and India accounting for

approximately 10% - those four countries accounting for about 90%

- Currently, there is no mining of commercial quantities of chromite anywhere in North

America and only a very small amount of production in Brazil in South America – less

than 3% of annual world production

- The only materially significant known resources of chromite in North America are

located in the Ring of Fire area of northern Ontario

The Canadian

Chrome

Company Inc.

PRESS RELEASE NO. 398

Subordinate shares issued & outstanding (CSE-CACR) 1,882,612,932

Convertible into Multiple-voting shares (100:1) equal to: 18,826,129

Multiple-voting shares issued & outstanding: 14,525,862

If all shares convert to Multiple-voting (CSE-CACR.A) 33,351,991

- The Canadian federal government has made numerous announcements about the

importance of resource development and its development being in the national interest

- The United States government has classified chromium as a strategic mineral due to

its defense applications

- The Canadian government also includes chromium on its list of critical minerals

- The United States government includes chromium on its list of critical minerals

- Both the Canadian and Ontario governments have publicized the importance of the

mineral deposits in the Ring of Fire

“In light of global market trends, evolving steelmaking requirements for stainless steel and

government focus on domestic supply chains and national security interests,” said Frank Smeenk,

Chief Executive Officer of the Company, “we believe that the quality and size of our Ring of Fire

chromite projects make our Company and its assets an attractive opportunity for various investors

and national and international interests. We have embarked on initiatives to reach out to

prospective purchasers and investors and are looking forward to seeing results from the ongoing

efforts to pursue these strategic alternatives.”

Shareholder Meeting Results:

Shareholders holding an aggregate of 1,002,768,231 votes (30.54% of the outstanding votes)

were present or represented by proxy at the Meeting. The shareholders voted in favour of all three

items tabled at the Meeting, namely: (i) the re-appointment of McGovern Hurley LLP as auditors

of the Company, (ii) the election of the eight nominees listed in the management information

circular dated May 20, 2026, as directors of the Company for the ensuing year or until their

successors are elected or appointed, and (iii) the increase of the maximum number of Subordinate

Voting Shares of the Company issuable under the stock option plan (the “ Plan”) and the

confirmation, ratification and approval of the stock options granted under the Plan prior to the date

of the Meeting.

Qualified Person:

M. J. (Moe) Lavigne, P.Geo., Vice-President of Exploration & Development of the Company, is

the designated “Qualified Person” as defined in Section 1.2 in and for the purposes of National

Instrument 43-101, who has approved the technical content of this news release on behalf of the

Company.

About The Canadian Chrome Company Inc.

The Canadian Chrome Company Inc. is an exploration stage company that is focused on

identification, acquisition, consolidation, exploration, development and evaluation of large-scale

deposits of minerals including chromite in the Ring of Fire, as well as other base metals and

strategic minerals and, where applicable, support for the development of transportation and

electrification links to access remote areas where these deposits may be located.

For further information, please contact:

Bruce Hodgman, Vice-President: 416-642-3575 ~ [email protected]

Mineral Resources: Mineral resources are not mineral reserves and do not demonstrate economic

viability.

Forward-Looking Statements: Information set forth in this news release may involve forward -looking

statements under applicable securities laws. The forward -looking statements contained herein are

expressly qualified in their entirety by this cautionary statement. The forward-looking statements included

in this document are made as of the date of this document and the Company disclaims any intention or

obligation to update or revise any forward-looking statements, whether because of new information, future

events or otherwise, except as expressly required by applicable securities legislation. Although

management believes that the expectations represented in such forward -looking statements are

reasonable, there can be no assurance that such expectations will prove to be correct.

Disclaimer: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term

is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news

release.