CAT Strategic Corporate Financing Update

CAT STRATEGIC CORPORATE FINANCING UPDATE

VANCOUVER, BC October 28, 2022 - CAT Strategic Metals Corporation (CSE: CAT, OTC:

CATTF, FRA: 8CH) (“CAT” or the "Company") announces that it intends to complete a non-

brokered private placement by way of issuance of 20,000,000 Units at price of $0.03 per Unit

(the “ Private Placement ”). Each Unit is comprised of one (1) common share (each a

“Common Share” or the “ Common Shares”) and one (1) common share purchase warrant

(each a “ Warrant”), whereas each Warrant entitles the lender to purchase an additional

common share (a “ Warrant Share”) at an exercise price of $0.05 per Warrant Share for a

period of 36 months following the Warrant exercise date. The Company intends to use the

proceeds of the Private Placement for exploration expenses and general working capital.

All securities issued pursuant to the Private Placement will be subject to a four-month-and-one

day statutory hold period in accordance with applicable securities law. The securities being

referred to in this news release have not been, nor will they be, registered under the United

States (U.S.) Securities Act of 1933, as amended, and may not be offered or sold in the U.S.

or to, or for the account or benefit of, U.S. persons absen t registration or an applicable

exemption from the registration requirements. This news release does not constitute an offer

to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any

jurisdiction in which such offer, solicitation or sale would be unlawful.

The Company also announces that it has entered into a senior secured loan agreement (the

“Loan Agreement”) with an arm’s length private lender in the aggregate principal amount of

up to CAD$600,000 (the “Principal Loan Amount”). The Loan bears interest at 8% per annum

compounded and calculated monthly, to accrue quarterly, both before and after default ; said

interest being accumulated quarterly to be paid as a single balloon payment to be added to the

principal at 18 months from the date hereof of the Loan (the “Maturity Date”). Prior the Maturity

Date, the lender has the right to convert all, but not less than $50,000, of the Principal Loan

Amount and interest either partially or totally into units of the C ompany (each a “Unit” or the

“Units”) at a price of $0.05 per Unit.

Each Unit is comprised of one (1) common share (each a “Common Share” or the “Common

Shares”) and one (1) common share purchase warrant (each a “ Warrant”), whereas each

Warrant entitles the lender to purchase an additional common share (a “ Warrant Share”) at

an exercise price of $0.05 per Warrant Share for a period of 36 months following the Warrant

exercise date.

The General Security Agreement provides the private lender a charge over a ll of the

Company’s assets as general and continuing collateral security for the payment and fulfillment

of the requisite obligations, subject to customary permitted encumbrances . The Company

intends to use the Principal Loan Amount for ongoing and upcomin g corporate actions and

general working capital.

About CAT Strategic Metals Corporation (CAT)

CAT Strategic Metals ’ corporate strategy, as reflected in its overa ll Mission Statement, is to

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

world-class potential, primarily for Uranium, Lithium, Gold and Copper. In addition to the priority

South Preston Uranium Project, CAT is focused on advancing the Burntland Project located in

New Brunswick, Canada; the Gold Jackpot strategic metals property located NE of Elko, Nevada,

USA; and the Kamativi Lithium Project in Matabeleland North Province, Zimbabwe Africa. CAT's

shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", the

OTC under the symbol CATTF 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.

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.