CAT Strategic Metals Announces Plan For Exploration Of Its Large South Preston Uranium Exploration Property In The Athabasca Basin.

NEWS RELEASE

CSE: CAT

OTC: CATTF

FRA:8CH

CAT Strategic Metals Announces Plan For Exploration Of Its Large South Preston Uranium

Exploration Property In The Athabasca Basin.

VANCOUVER, BC February 9, 2022 CAT Strategic Metals Corporation (CSE: CAT) (“CAT” or the

"Company") announces that, further to its news release of January 11, 2022, it is pleased to provide further

details concerning its exploration of the 206.8 km2 South Preston uranium exploration property located near

the south-western margin of the Athabasca Basin in Saskatchewan (Figure 1).

The past decade of uranium exploration has proven the importance of thoroughly exploring outside the area now covered

by Athabasca Group sedimentary rocks. These a reas of basement exposure, once covered by the Athabasca , have

recently yielded Fission Uranium’s discovery at Patterson Lake South (“PLS”), the Triple-R deposit which hosts in

excess of 102 Mlbs of U3O8. The CAT property is situated only 40 km to the southeast of PLS (Figure 2).

The Cat dispositions measuring

57 km from west to east are shown

in green in the lower right corner of

the view. The uranium deposits in

the Patterson Lake Corridor are

shown at upper left. The

dispositions of other exploration

companies are also shown.

As previously reported, Watts, Griffis and McOuat Limited (“ WGM”) of Toronto completed a review of

more than 50 years of historical exploration in the south-western part of the Athabasca Basin, until recently

an area largely overlooked by previous explorers focusing solely on the current position of the unconformity.

This review shows that no systematic exploration has been carried out over the CAT property and that the

existence of significant anomalies was l argely ignored , presumably because they did not occur in areas

adjacent to Athabasca sandstone. WGM identified the following key factors of importance in understanding

the potential of the CAT exploration property:

• the CAT property is situated within the favourable zone proximal to the Athabasca -basement

unconformity which crosses the eastern portions of the CAT property, and in other areas the basement

rocks are within a short distance of the unconformity as it existed before erosion;

• graphitic metasedimentary rocks are the cause of SW-trending conductors tested in recent exploration

drilling by Azincourt Energy only 4 km to the north of the CAT property;

• airborne EM surveying that identified conductive anomalies a short distance north of the CAT

property did not extend any significant distance over the CAT property;

• historical reconnaissance-level airborne radiometric surveying identified radioactive anomalies in the

western part of the CAT property . Exploration on the ground during 1970 identified bedrock with

13X to 20X background radioactivity in areas where lake sediments were subsequently shown to

contain anomalous uranium, yet no record was found of systematic follow-up work;

• historical prospecting on the more eastern portions of the CAT property during 1978 discovered

uranium-bearing graphitic metasediments associated with an EM conductor detected during a 1969-

70 airborne survey that covered portions of the CAT property. A 1x2 km outlier of Athabasca

sandstone occurs in this area proving proximity to the uppermost surface of potential basement host

rocks.

The results of WGM’s review provide a foundation for the design of CAT’s planned 2022 winter and summer

uranium exploration programs which are subject to regulatory approval and consultations with the local

community represented by Clearwater River Dene Nation (“CRDN”) management.

CAT’s proposed exploration program consists of two major facets: (1) an initial radon-in-water and lake -

bottom sediment survey; and, (2) an airborne EM-magnetometer survey over two selected target areas having

favourable geology as well as radiometric and geochemical anomalies.

The lake water survey will be subcontracted to RadonEx which has considerable experience in the Athabasca

Basin having completed many previous surveys including those for Fission Uranium at PLS and Nexgen

Energy. Approximately 100 lakes in the project area will be sampled through the ice during the late winter.

Conventional water samples will be collected for radon analysis as well as a mineral sediment bottom sample

to be analysed for indicator elements, including radiogenic lead isotopes.

During the la te Spring, a heli -borne EM-mag survey totalling approximately 1,000 line-kilometres will be

completed under contract to Triumph Airborne Surveys over two portions of the property, one in the western

dispositions (870 line-km) and a second smaller survey (120 line-km) in the eastern part of the property

(Figure 3) . The purpose of these EM surveys is to trace the continuance of EM conductors previously

detected on the margins of the CAT property.

As mentioned above, these historical conductors can be projected into areas of high background radioactivity

in the west, and into a graphitic zone in the east within which traces of uranium mineralization have

previously been described on surface as a “yellow flaky radioactive mineral resembling uranophane ”. The

survey areas are detailed with blue outlines in Figures 4 and 5.

A 3-month summer exploration program is in the planning stages, the details of which will depend on the

outcome of the geochemical sampling and the airborne EM surveys. Geological mapping, bedrock sampling

and prospecting to confirm the previous results will be fundamental components of that program.

Biogeochemical sampling of black spruce trees, a technique proven to be effective over the former Key Lake

uranium mine, may also be considered in the summer program.

Later in the summer exploration program, a high-resolution airborne radiometric survey is also proposed to

cover areas identified as having higher potential that have not been effectively surveyed in the past. This

survey totals 1,800 line-km and would include magnetic and VLF instrumentation.

CAT management and its consultants are aware of the various permitting processes needed to be followed in

initiating exploration, including meaningful consultation with local First Nations and other stakeholders.

Prior to the Christmas break, CAT initiated a dialogue with the Clearwater River Dene Nation to ensure the

local community is well-informed and to allow feedback concerning the company’s exploration plans. That

discussion continues at this time. CAT has initiated its application process with the relevant ministries of the

provincial Government to seek approval for its project components and undertaking more sustained dialogue

with CRDN management.

About CAT Strategic Metals Corporation:

CAT Strategic Metals’ overall Mission Statement and corporate strategy 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 South Preston Uranium Project, CAT’s Burntland Project is focused on the

exploration and development of several targets located Northeast of Saint Quentin in the county of

Restigouche, New Brunswick, Canada, and The Rimrock Gold mineral property is a low-sulfidation and

Carlin-style gold-silver prospect in the heart of the main Carlin and Northern Nevada Rift gold-silver mining

belts of northeastern Nevada. 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 , by visiting the

Company’s website or by contacting the Company directly at (604) 674-3145.

This news 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.