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CAT.CN ·

Reliance on 45 Day Filing Exemption

Corporate Updates

CAT STRATEGIC

METALS CORPORATION

NEWS RELEASE

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

(604) 674-3145

CAT STRATEGIC METALS TO RELY ON TEMPORARY RELIEF GRANTED BY

REGULATORS IN FILING ANNUAL AND Q1 FINANCIAL STATEMENTS

Vancouver, BC : April 22 , 20 20 – CAT Strategic Metals Corporation (CSE – CAT) (“CAT” or the

“Company”) announces that on March 23, 2020, Canadian Securities Regulators published temporary

blanket relief for market participants from certain regulatory filings as a result of COVID -19. The

Company intends to rely on the temporary blanket relief which provides for a 45 day extension to file

its Audited Annual Financial Statements and MD&A for the period ending December 31, 2019. CAT

now expects to file its Audited Annual Financial Statements and accompanying MD&A on or before

June 15, 2020.

The Company also intends to rely on the 45 day extension in filing its Quarterly Financial Statements

and MD&A for the period ending March 31, 2020. CAT now expects to file its Q1 Financial Statements

and accompanying MD&A on or before July 16, 2020.

Furthermore, the Company's directors, officers and other insiders will be subject to a trading blackout

until such time as the Annual Financial Statements and Q1 Financial Statements are filed. The

Company confirms that there have been no material business developments that have occurred

subsequent to the filing of the Company's September 30, 2019 Interim Financial Statements

on November 28, 2019 that have not already been disclosed by the Company.

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