ELEMENT ONE CLOSES ACQUISITION OF THE HY AND SHULAPS PROJECTS Vancouver, B.C. — November, 25 2025 – Element One Hydrogen and Crical Minerals Corp. (“ Element One ” or the “ Company ”) ( CSE: EONE) is pleased to announce the closing of its
ELEMENT ONE CLOSES ACQUISITION OF THE HY AND SHULAPS PROJECTS
Vancouver, B.C. — November, 25 2025 – Element One Hydrogen and Crical Minerals Corp.
(“ Element One ” or the “ Company ”) ( CSE: EONE) is pleased to announce the closing of its
acquision of the Hy Project and Shulaps Project fr om individual claim holders, as previously
announced on September 24, 2025.
HY Project
The HY Project, located in the Omineca Mining District, consists of nine mineral tenures totaling
2,758 hectares. The property lies on paved road access within 5 kilometres of the village of Fort
St. James, a long-standing industrial service town with a skilled workforce and established
infrastructure located approximately 60 kilometres northwest of Prince George, which has been
idenfied as an emerging hub for hydrogen development in Brish Columbia.
Geologically, the property is underlain by ultramafi c rocks with potenal to produce hydrogen
through the smulaon and acceleraon of the natural process of serpennizaon. The project
area is transected by major regional fault systems that may act as conduits to the subsurface,
creang favourable condions for the trapping and accumulaon of natural hydrogen.
Shulaps Project
The Shulaps Project consists of three mineral claim s covering 1,343 hectares, located in the
southern Coast Mountains of Brish Columbia, approximately 48 kilometres northwest of Lillooet
in the historic Bridge River mining district.
The claims are underlain by the Shulaps ultramafic complex, which has previously been explored
for nickel, copper, and PGEs. The Shulaps complex i s comprised of variably serpennized
ultramafic lithologies, which present opportunies for arficial (smulated) hydrogen producon
through engineered serpennizaon processes.
Transac0on Details
The Company entered into a Purchase and Sale Agreem ent dated September 23, 2025 with the
arms-length Vendors pursuant to which the Vendors agreed to sell and the Company agreed to
purchase all of the issued and outstanding shares o f Shul-Hy Exploraon Corp. Pursuant to the
Purchase and Sale Agreement, the Company has paid the Vendors a one me payment of $10,000
and issued an aggregate of 1,250,000 shares of the Company at a deemed price of $0.21 per
share.
Qualified Person
The scienfic and technical informaon on this news release has been reviewed and approved by
Jeremy Hanson, P. Geo., an independent geologist to the Company who is a qualified person
under the meaning of Naonal Instrument NI 43-101.
About Element One Hydrogen & Cri0cal Minerals Corp.
Element One Hydrogen & Crical Minerals Corp. ( CSE: EONE ) is a Canadian company focused on
the exploraon, development, and commercializaon of geologic hydrogen and crical mineral
resources, as well as breakthrough hydrogen-generaon technologies. The company’s projects
include the Foggy Mountain crical minerals project as well as projects in Alaska and Brish
Columbia that are prospecve for hydrogen producon through smulaon in the subsurface as
well as crical and baFery metals.
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For further informaon visit our website at www.e1-h2.com or to connect directly, please reach
out to Tim Johnson at [email protected] or 250.668.3161.
On behalf of the Board of Directors:
Brad Kitchen, CEO
Element One Hydrogen & Crical Minerals Corp.
c: 604.506.7555
This press release contains "forward-looking inform aon" that is based on the Company's current expect aons, esmates,
forecasts, and projecons. This forward-looking informaon includes, among other things, statements wi th respect exploraon
and development plans, as ancipated or at all. The words "will", "ancipated", "plans" or other similar words and phrases are
intended to idenfy forward-looking informaon. Forward-looking statements in this news release includ es statements related
to the Transacon, receipt of all necessary regulat ory approvals to the Transacon, sasfacon of the condions precedent to
the Transacon, and related ma#ers. Forward-looking informaon is subject to known and unknown risks, uncertaines and
other factors that may cause the Company's actual r esults, level of acvity, performance, or achieveme nts to be materially
different from those expressed or implied by such forward looking informaon.
Neither the Canadian Securies Exchange nor its Reg ulaon Services Provider accept responsibility for the adequacy or
accuracy of this release.