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CAT.CN ·

CAT Strategic Metals Corporate Update

Corporate Updates

CAT STRATEGIC

METALS CORPORATION

NEWS RELEASE

1015 - 789 West Pender Street, Vancouver, BC. V6H 1H2

(604) 674-3145

CAT STRATEGIC METALS CORPORATE UPDATE

Vancouver, BC : February 3, 20 20 – CAT Strategic Metals Corporation (CSE – CAT) (“CAT” or the

“Company”) announces changes to the Company’s management team and Board of Directors. As of

January 24, 2020, Richard Groome has resigned his positions as Director, Interim Chairman, CEO and

President. Additionally, Alain Moreau has also resigned as a Director. The Company would like to thank

Messrs. Groome and More au for their dedicated service to CAT in furtherance of its business goals

and objectives and wishes them the very best in their future endeavours.

Luis Martins and Robert Rosner remain on the Board as Directors, and also announce the following

corporate changes: as of January 24, 2020, Robert Rosner will assume the roles of President & Chief

Executive Officer, and Chairman of the Board of Directors. Mr. Rosner has resigned as Chief Financial

Officer in favour of Steven Cozine, the Company’s Corporate Secretary, who has agreed to act as the

Interim Chief Financial Officer as well as a Director of the Company, as of January 24, 2020.

The Company also reports that it has initiated the process to revoke the Cease Trade Order issued by

the British Columbia Securities Commission on May 6, 2019 in connection with the Company’s failure

to file its annual audited financial statements and MD&A for the year ended December 31, 2018. The

Company reports that it has remedied the delinquency which gave rise to the Cease Trade Order and

filed its annual audited financial statements for the year ended December 31, 2018 , along with the

associated certifications, on November 29, 2019. Additionally, the unaudited financial statements and

MD&A for Q1, Q2, and Q3 2019 were also filed on November 29, 2019.

ON BEHALF OF THE BOARD

Robert Rosner

Chairman, President & CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, 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 production 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

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